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# Robinhood's Prediction Markets Revenue Jumps Sixfold To $173 Million, But Per-Share Profit Falls 16%
- URL: https://www.bullished.co/robinhoods-prediction-markets-revenue-jumps-sixfold-to-173-million-but-per-share-profit-17e6cc3e/
- Published: 2026-10-27T20:28:58.000Z
- Updated: 2026-10-27T20:28:58.000Z
- Description: Third-quarter revenue hit a record $1.42 billion, while crypto revenue fell 55% and operating costs rose 16%.
- Author: Matteo Parrino
- Tags: Earnings, HOOD, Industry: Financials

[Robinhood Markets](https://www.bullished.co/tag/hood/), the app-based brokerage, posted record third-quarter revenue of [$1.42 billion](https://www.sec.gov/Archives/edgar/data/0001783879/000178387926000164/q32026robinhoodexhibit991.htm?ref=bullished.co), up 12% from a year earlier, but diluted earnings per share fell 16% to $0.51\. Event-contract and options trading surged while crypto slumped and expenses grew faster than sales, the company said Tuesday.

## Prediction markets up, crypto down

Transaction-based revenue rose 19% to [$867 million](https://www.globenewswire.com/news-release/2026/10/27/3389611/0/en/robinhood-reports-third-quarter-2026-results.html?ref=bullished.co). Event contracts, the prediction-market bets, brought in $173 million, up more than sixfold, while options revenue rose 31% to $399 million and equities revenue rose 41% to $121 million.

Crypto went the other way: [revenue fell 55%](https://www.globenewswire.com/news-release/2026/10/27/3389611/0/en/robinhood-reports-third-quarter-2026-results.html?ref=bullished.co) to $120 million. Net interest revenue slipped 9% to $415 million on lower securities lending and short-term rates, and other revenue rose 61% to $142 million, helped by Trump Account service revenue and Robinhood Gold subscriptions.

Robinhood Gold subscribers reached a record 5.2 million, up 34% from a year earlier.

## Costs outrun sales

Net income fell 14% to $476 million. It included $67 million of unrealized losses, or $0.07 a share, mainly from marking down Robinhood Ventures Fund I.

Total operating expenses rose 16% to $739 million, driven by higher credit-loss provisions as the credit card loan book grows, Trump Accounts and Rothera costs, and marketing. Provisions for credit losses were $71 million, against $26 million a year earlier.

Robinhood also introduced adjusted earnings measures this quarter. Adjusted EPS fell 3% to $0.60, and adjusted net income fell 3% to $550 million.

It lowered the top of its 2026 adjusted operating expense and stock-compensation outlook by $25 million, to a range of $2.675 billion to $2.75 billion, citing efficiency gains.

## Deposits and the Dell contribution

Net deposits were $15.7 billion in the quarter, and total platform assets rose 19% to $396 billion. Funded customers rose 7% to 28.7 million.

CFO Shiv Verma said October net deposits had already topped $13 billion, including $6 billion from the Dell family's contribution to Trump Accounts. He said the company is entering the fourth quarter with "strong momentum."

Robinhood bought back $25 million of stock in the quarter, and cash totaled $5.8 billion. Management will discuss results on a video call at 5 p.m. ET Tuesday.

Rothera, Robinhood's prediction-market venture, passed $100 million in annualized revenue in its first full quarter, with over 6.4 billion contracts traded since launch.

### Sources

- [8-K Filing — Robinhood Markets, Inc. (HOOD)](https://www.sec.gov/Archives/edgar/data/0001783879/000178387926000164/hood-20261027.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit q32026robinhoodexhibit991.htm — Robinhood Markets, Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001783879/000178387926000164/q32026robinhoodexhibit991.htm?ref=bullished.co) — SEC EDGAR
- [Robinhood Reports Third Quarter 2026 Results](https://www.globenewswire.com/news-release/2026/10/27/3389611/0/en/robinhood-reports-third-quarter-2026-results.html?ref=bullished.co) — globenewswire.com

### More on Robinhood Markets

- [Robinhood's Tenev Unloads $42.6 Million Of HOOD Stock, Using Trading Plan Adopted In 2025](https://www.bullished.co/robinhoods-tenev-unloads-42-6-million-of-hood-stock-using-trading-plan-adopted-in-2025-0c0890cb/)

[All Robinhood Markets (HOOD) coverage →](https://www.bullished.co/tag/hood/)