Robinhood posts record $1.42 billion revenue as deposits surge

Robinhood Markets reported record third-quarter revenue of $1.42 billion, up 12% from a year earlier, and said October net deposits had already topped $13 billion month to date, according to its earnings release filed with an 8-K.

The trading and investing app said transaction-based revenue rose 19% to $867 million. Diluted earnings per share fell 16% to $0.51, and adjusted earnings per share fell 3% to $0.60.

Customers and assets

Net deposits were $15.7 billion in the quarter, an annualized growth rate of 17% relative to platform assets at the end of the second quarter, the release said. Funded customers rose 7% to 28.7 million, and total platform assets climbed 19% to $396 billion. Robinhood Gold subscribers, who pay for premium features, reached a record 5.2 million.

Strong start to the fourth quarter

Robinhood said October net deposits had topped $13 billion month to date, including $6 billion from the Dell family's contribution to Trump Accounts.

"Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues," Chief Financial Officer Shiv Verma said. He said the company added a new business line with more than $100 million in annualized revenue as Rothera scaled rapidly. Vlad Tenev is chairman and chief executive.

Why it matters

Robinhood is trying to move beyond active trading into a broader financial services provider, so asset gathering and subscriptions are key measures of progress. Record revenue and deposits show customers are bringing more money to the platform. Adjusted operating expenses and share-based compensation rose 8% to $664 million, slower than revenue, and adjusted EBITDA rose 9% to $808 million, though earnings per share declined from a year earlier.

Sources

1. Robinhood Markets, Inc. Form 8-K with third-quarter 2026 results, filed Oct. 27, 2026 (accession 0001783879-26-000164)

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