Robinhood reported $1.42 billion in revenue for the third quarter of 2026, up 12% year over year, while crypto revenue fell 55% to about $120 million. Transaction-based revenue rose 19% to $867 million, led by event contracts, whose revenue increased sixfold to $173 million, along with gains in options and equities. Platform assets reached $396 billion, net deposits stood at $15.7 billion, and funded customers increased to 28.7 million. Net income totaled $476 million, down 14%, while operating expenses climbed 16% to $739 million due to higher provisions for credit losses. Robinhood launched crypto trading in the UK, received authorization from the Dubai Financial Services Authority and reduced the upper end of its 2026 adjusted operating expense and stock-based compensation outlook by $25 million.
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