Robinhood (HOOD) reported a major decline in crypto buying and selling income for the primary quarter of 2026, despite the fact that progress in different elements of the enterprise boosted general income.
In line with the corporate’s monetary outcomes, crypto-related income fell 47% 12 months over 12 months to $134 million, down from $252 million in the identical interval in 2025.
The decline was attributable to buyer exercise shifting to different buying and selling merchandise. Transaction-based income elevated barely to $623 million from $583 million within the prior 12 months interval. The principle driver was a surge in so-called occasion contracts, which drove the majority of “different buying and selling income” to $147 million, up 320% 12 months over 12 months.
Robinhood stated its customers traded a document 8.8 billion occasion contracts through the quarter, reflecting elevated curiosity in prediction markets. These merchandise permit customers to guess on the result of real-world occasions, just like predicting whether or not rates of interest will rise or who will win an election.
Whole income elevated 15% to $1.07 billion from $927 million within the year-ago interval. Web revenue elevated 3% 12 months over 12 months to $346 million.
Adjusted earnings per share have been $0.38, barely larger than the $0.37 reported in the identical interval final 12 months, however in need of analysts’ expectations of $0.39.
The outcomes present how Robinhood is working to scale back its reliance on crypto buying and selling, which may be extremely risky based mostly on market sentiment. Just like Coinbase (COIN), which is scheduled to report earnings on Could 7, the corporate is increasing into new areas akin to derivatives and prediction markets to clean out its earnings.
Robinhood additionally reported robust progress in internet curiosity revenue and subscription merchandise, together with gold providers, because it builds out its broader monetary ecosystem.
HOOD inventory fell 6% in post-market buying and selling. The corporate introduced that it’s going to maintain a monetary outcomes briefing at 5 p.m. ET.
