Robinhood Markets (NASDAQ:HOOD) Announces Quarterly Earnings Results

Robinhood Markets (NASDAQ:HOOD) issued its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.21, Zacks reports. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion.

Here are the key takeaways from Robinhood Markets’ conference call:

• Record Q2 results: Revenue rose 32% year over year to $1.3 billion, while adjusted EBITDA increased 35% to $741 million, representing a 57% margin. Earnings per share rose 48% to $0.62.
• Strong customer and asset growth: Net deposits reached a record $22 billion, nearly 1 million funded customers were added, and Gold subscribers rose to 4.8 million. Total platform assets also reached a record level.
• Expansion of the product ecosystem: The Gold Card surpassed 1 million cardholders, banking deposits exceeded $3 billion, and prediction markets, agentic trading, international offerings, and Robinhood Chain continued to gain traction.
• Improved expense discipline: Robinhood lowered its 2026 adjusted operating expense and stock-based compensation outlook to $2.675 billion-$2.775 billion, saying efficiency gains are helping self-fund investments in Rothera, WonderFi, and other new businesses.
• Growth remains dependent on execution and market conditions: July equity, options, and event-contract volumes were tracking near Q2 levels, but crypto activity was somewhat slower and monthly net deposits were expected to be around $4 billion. Management also raised $2.2 billion of capital to support future expansion.

Robinhood Markets Trading Down 3.1%

NASDAQ:HOOD traded down $2.92 during mid-day trading on Wednesday, hitting $89.84. The company had a trading volume of 22,573,557 shares, compared to its average volume of 29,288,816. The business has a fifty day simple moving average of $97.27 and a 200-day simple moving average of $88.02. The firm has a market capitalization of $80.90 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 2.02 and a beta of 2.33. Robinhood Markets has a 1 year low of $63.51 and a 1 year high of $153.86.

Robinhood Markets News Summary

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Second-quarter revenue rose 32% year over year to a record $1.31 billion, exceeding the $1.29 billion consensus estimate. Diluted earnings per share increased 48% to $0.62, beating analyst expectations of approximately $0.41-$0.44 and rising from $0.42 a year earlier. Robinhood Reports Second Quarter 2026 Results
• Positive Sentiment: Strong market volatility drove higher trading activity, supporting profitability. Robinhood also reported record net deposits of $22 billion, 4.8 million Gold subscribers and 13 business lines generating at least $100 million in annualized revenue, suggesting broader diversification beyond its core brokerage business. Robinhood quarterly profit rises on strong trading activity
• Positive Sentiment: Analysts have raised price targets and maintain generally favorable views of HOOD, with a reported consensus rating of “Moderate Buy” and average target price of $122.22. Expectations center on user growth, new products and expansion into crypto and prediction markets. Analysts hike Robinhood stock price target
• Neutral Sentiment: Robinhood is expanding its blockchain, tokenized-stock and prediction-market offerings, including a reported potential partnership with Crypto.com. These initiatives could create new revenue streams, but adoption and regulatory outcomes remain uncertain. Robinhood Eyes Crypto.com Partnership
• Negative Sentiment: Concerns remain that fading memecoin interest is weighing on Robinhood Chain trading volumes, potentially pressuring crypto-related revenue. HOOD’s high valuation also leaves less room for disappointment regarding expenses or management’s outlook. Robinhood Chain’s Trading Volumes Slump
• Negative Sentiment: Director Baiju Bhatt sold roughly $4.7 million of HOOD shares under a pre-arranged Rule 10b5-1 plan. The planned nature limits its significance, but the sale may still weigh on sentiment. Separately, CEO Vlad Tenev’s hacked X account raises reputational and security concerns, although the account was restored and the fraudulent post removed. Robinhood CEO Vlad Tenev says X account was hacked

Analyst Ratings Changes

HOOD has been the subject of several research analyst reports. Piper Sandler restated an “overweight” rating on shares of Robinhood Markets in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Robinhood Markets from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $110.00 target price on shares of Robinhood Markets in a research note on Tuesday, June 9th. Argus raised their price objective on shares of Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, June 24th. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.22.

Insider Buying and Selling at Robinhood Markets

In other news, Director Oluwadara Johnson Treseder sold 3,750 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total value of $440,625.00. Following the completion of the sale, the director owned 72,442 shares in the company, valued at $8,511,935. This represents a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at $43,563,750. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have purchased 680,000 shares of company stock worth $55,306,560 and have sold 631,263 shares worth $66,793,857. 13.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Robinhood Markets

A number of large investors have recently bought and sold shares of HOOD. Swiss RE Ltd. acquired a new position in shares of Robinhood Markets in the 4th quarter valued at $27,000. Ankerstar Wealth LLC acquired a new stake in Robinhood Markets during the 4th quarter worth approximately $30,000. Wilkerson Advisory Group LLC bought a new stake in shares of Robinhood Markets during the 4th quarter valued at $36,000. Binnacle Investments Inc bought a new position in Robinhood Markets in the second quarter valued at about $41,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $49,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.