Robinhood posts record quarter as crypto revenue falls 38%
Robinhood posts record quarter results for Q2, with revenue rising 32% year over year to $1.31 billion and net income climbing 48% to $573 million, even as cryptocurrency transaction revenue fell 38% to $100 million from about $160 million a year earlier. The brokerage kept expanding crypto products while trading fees from digital assets cooled.
Key Takeaways
- Record Q2 revenue reached $1.31 billion, up 32% from a year earlier.
- Net income climbed 48% to $573 million.
- Crypto transaction revenue slid 38% to $100 million from about $160 million.
- Crypto trading volume hit $40 billion, including $22 billion from Bitstamp.
- Robinhood launched Chain mainnet, tokenized stocks, and Robinhood Earn.
How strong were Robinhood’s second-quarter results?
According to the company’s earnings report cited by Cointelegraph, online brokerage Robinhood posted record second-quarter revenue and earnings.
Revenue increased 32% year over year to $1.31 billion. Net income rose 48% to $573 million. Those figures mark a clear beat on the top and bottom lines despite softer crypto fees.
Robinhood shares were down 3.15% on Wednesday ahead of the release, according to Yahoo Finance data reported in the same coverage. For more market moves in this space, see our Fintech & Crypto Alerts hub.
Why did crypto revenue fall if trading volume was still high?
Cryptocurrency transaction revenue fell to $100 million from about $160 million a year earlier — a 38% decline. That drop stood in contrast to the firm’s overall record quarter.
Separately, Robinhood recorded $40 billion in crypto trading volume during the quarter. That included $18 billion on the Robinhood app and $22 billion from Bitstamp, the crypto exchange it acquired in June 2025.
The split suggests volume alone did not fully offset weaker transaction revenue from crypto activity on the platform.
What crypto products is Robinhood still expanding?
Even as fees cooled, Robinhood kept building out its digital-asset business. It launched the public mainnet of Robinhood Chain, introduced tokenized US stocks to eligible users in more than 120 countries, and debuted its first decentralized lending product, Robinhood Earn.
The company also completed its acquisition of Canadian crypto platform WonderFi and said it plans to expand crypto offerings in the United Kingdom. Nearly 100,000 customer accounts are now enrolled in Agentic Trading, representing more than $100 million in assets under custody.
The broader industry backdrop remains competitive: ARK Invest’s Lorenzo Valente has argued crypto is entering a major consolidation phase as revenue concentrates among fewer protocols — a reminder that scale and product breadth matter for platforms like Robinhood.