According to Woofun AI, Robinhood (HOOD.US) handed over a record total net revenue of US$1.42 billion in the third quarter of 2026 (ending September 30), an increase of 12% year over year; however, net profit recorded US$476 million, down 14% year over year, and diluted earnings per share of $0.51.
The financial report was released on October 27, indicating that the brokerage firm showed a significant divergence between expanding revenue scale and pressure on profits.
The traditional trading business became the core engine of revenue growth, with total transaction revenue of US$867 million, up 19% year over year. Among them, event contract revenue was the most aggressive, reaching US$173 million, surging more than sixfold year on year; options revenue contributed US$399 million, up 31% year on year; stock trading revenue was US$121 million, up 41% year on year. In contrast, the cryptocurrency sector faced serious challenges, with transaction revenue of only $120 million, a sharp decline of 55% over the previous year.
According to data compiled by Woofun AI, the nominal crypto transaction volume fell to $50 billion, down 38% year over year, split into $21 billion within the app and $29 billion on the Bitstamp (HOOD.US) channel.
Despite the downturn in traditional crypto trading, the overall asset size of the platform grew to $396 billion, up 19% year over year; the number of Gold subscribers surpassed 5.2 million, a record high. Furthermore, Chief Financial Officer Shiv Verma revealed that net deposits in October alone exceeded $13 billion in a single month, showing strong liquidity absorption capacity.
The more critical variable is a breakthrough in commercialization of its self-developed infrastructure. After the first full quarter of its launch, Robinhood Chain's DEX trading volume surpassed $80 billion, and on-chain fee revenue surpassed $50 million. Measured by the dual indicators of revenue and transaction volume, the chain has ranked among the top five global public chains.
This structural shift of revenue from centralized transactions to decentralized protocols, or its new paradigm for dealing with fluctuations in the crypto market. Following the peak of traditional brokerage business, large-scale monetization of the on-chain ecosystem is becoming the core narrative of Robinhood (HOOD.US) reshaping valuation logic.