Robinhood Posts Best Quarter Ever as Prediction Market and Robinhood Chain Take Off
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- Robinhood posted record Q2 2026 revenue of $1.31 billion, up 32% YoY and beating Wall Street's $1.26 billion estimate, with net income of $573 million ($0.62/share) versus $386 million a year ago.
- Prediction markets (event contracts on outcomes from Fed decisions to FIFA World Cup matches) generated $156 million in revenue, up more than 10x year-over-year and becoming the company's fastest-growing line.
- Crypto revenue fell 38% YoY to $100 million, with total notional trading volume dropping from $66 billion in Q1 to $40 billion in Q2 — $18 billion on Robinhood's app (down 35% YoY) and $22 billion via Bitstamp.
- Robinhood Chain public mainnet went live July 1, clearing $600M+ daily DEX volume and logging 138 million transactions in its first 30 days, while tokenized stocks grew from $5 million to $60 million in daily volume in under two weeks.
- Rothera, Robinhood's CFTC-licensed prediction markets joint venture with Susquehanna International Group, processed over 3.5 billion contracts since going live in late May.
- Agentic trading launched May 27 and already counts nearly 100,000 accounts, letting users let AI agents execute equity, options, and crypto trades automatically.
- Robinhood Gold subscribers hit 4.8 million and the Gold Card crossed 1 million cardholders with $17 billion in annualized purchase volume, as platform assets grew to $369 billion, net deposits hit a record $21.7 billion, and 13 business lines now each generate over $100 million annually.
Why it matters: Robinhood's growth engine is rotating from crypto to prediction markets — event contracts jumped 10x+ YoY to $156 million while crypto revenue slid 38% to $100 million. With 13 business lines now each clearing $100 million annually and net deposits at a record $21.7 billion, the company is diversifying away from the volatile crypto cycle that already dragged Q1 shares down 6%.
