Robinhood Revenues Rise in Q1 as Gold Subscribers Hit Record 4.3 million | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Robinhood reported first-quarter earnings after the close on Tuesday, posting revenues of $1.07 billion, up 15% year-on-year, as the US trading platform continued to grow its subscriber base and expand its product offering across active trading, banking, and international markets.
Net income rose 3% year-on-year to $346 million, with diluted earnings per share of $0.38.
Adjusted EBITDA increased 14% to $534 million. Total platform assets grew 39% to $307 billion, driven by net deposits of $17.7 billion, representing an annualised growth rate of 22%.
Transaction-based revenues rose 7% to $623 million, with event contracts revenue surging 320% to $147 million.
Options revenue grew 8% to $260 million and equities revenue rose 46% to $82 million, though cryptocurrency revenue fell 47% to $134 million. Net interest revenues increased 24% to $359 million.
Robinhood Gold subscribers reached a record 4.3 million, up 36% year-on-year, whilst funded customers grew 6% to 27.4 million. The firm’s retirement assets under custody rose 90% to a record $27.4 billion, and its margin book grew 93% to a record $17 billion.
The company also raised its 2026 expense outlook by $100 million to account for building the Trump Accounts user interface.
“Driven by our relentless product velocity and innovation, Robinhood is increasingly positioned at the center of our customers’ financial lives, just as we enter the early innings of the Great Wealth Transfer,” said Vlad Tenev, Chairman and CEO of Robinhood.
