EarningsQ2 2026 Earnings Report
MX:HOOD Q2 2026 EPS Results
Actual EPS$11.16
Consensus EPS$7.74
Beat/MissBeat by +$3.42
One Year Ago EPS$7.56
MX:HOOD Q2 2026 Revenue Results
Actual Revenue$24.14B
Expected Revenue$23.16B
Beat/MissBeat by +$979.44M
YoY Revenue Growth+34.50%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:HOOD Upcoming Earnings
Robinhood's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:HOOD Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presented multiple strong operational and financial wins: record revenue (+32% YoY), robust adjusted EBITDA (+35% YoY) with a 57% margin, record net deposits ($22B) and meaningful product traction across cards, banking, prediction markets, agentic trading and Robinhood Chain (DEX volume >$12B, fastest to 100M txns). Management also strengthened the balance sheet ($2.2B raise) and returned capital via buybacks. The principal negatives were regulatory uncertainty for certain U.S. crypto/on-chain products and perps, early-stage nature of some international and on-chain rollouts, and short-term variability in crypto and monthly net deposits. On balance, the positives (strong growth, high profitability, clear product momentum and disciplined expense management) outweigh the lowlights.Company Guidance
Record Revenue and Strong Profitability
Q2 revenue of $1.3B, up 32% year-over-year; adjusted EBITDA $741M, up 35% YoY with a 57% adjusted EBITDA margin; diluted EPS $0.62, up 48% YoY.
Record Net Deposits and Funded Customer Growth
Record net deposits of $22B in the quarter (cited as a 28% annualized growth rate); added nearly 1 million funded customers in the quarter; July net deposits tracking toward ~$4B (management notes seasonality but YTD growth remains >20%).
Gold Subscribers and Engagement
Record Robinhood Gold subscribers of 4.8M, representing a ~17% attach rate to net funded accounts; management highlighted strong cross-product adoption (customers often adopt multiple products after onboarding).
Card and Banking Momentum
Robinhood Gold Card exceeded 1 million cardholders and is driving over $17B in annualized purchase volume; banking deposits have surpassed $3B since rollout begun last November; ~40% of customers signed up for direct deposit.
Product Velocity and New Offerings
Launched AgenTic (AI trading agents) initial version (100k+ integrated/agent accounts mentioned), launched Trump accounts (government-linked trust product), and continued rapid product iteration across equities, options, prediction markets, margin, credit card and banking.
DeFi & Robinhood Chain Traction
Robinhood Chain reported >$12B in DEX trading volume post-launch, fastest chain to 100M transactions and now reported >150M transactions; Robinhood Earn (stablecoin lending) saw >$200M deposited in a few weeks offering ~7% APY; stock tokens available in 120+ countries; ~1M accounts outside the U.S.
Capital Allocation and Balance Sheet Actions
Raised $2.2B of capital on attractive terms (0% coupon, no net dilution until share price >$300); repurchased 7.5M shares YTD for $664M; management emphasized share repurchases and denominator management.
Expense Discipline and Updated Guidance
Adjusted OpEx & SBC for Q2 was $641M (below prior outlook); management lowered and tightened 2026 adjusted OpEx & SBC outlook to $2.675B–$2.775B and emphasized ability to self-fund new investments while maintaining profitability.
Platform Scale and Business Diversification
Management highlighted platform assets nearing ~$400B and that total platform assets have quadrupled since IPO; company now has 13 businesses at ≥$100M ARR (two added this quarter), supporting a multi-product ecosystem approach.
MX:HOOD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed