Filing Flows › Robinhood Markets (HOOD) › Q1 2026
Robinhood Markets (HOOD) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Robinhood Markets (HOOD) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +15% from a year earlier and -17% from the quarter before. Operating margin was 38.9%, net earnings $350M (32.8% of revenue).
Robinhood Markets, Q1 2026: revenue $1.1B (+15% year over year), operating margin 38.9%, net earnings $350M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -17% | +15% |
| Operating profit | $415M | -37% | +12% |
| Net earnings | $350M | -42% | +4% |
| Operating cash flow | $2.0B | — | +217% |
What changed
Revenue was $1.1B in Q1 2026, up 15% year over year and down 17% from the previous quarter. Transaction-based revenues was the largest line at 58% of revenue. Event contracts added $0.10B year over year (up 3367%), 72% of the total change. Cryptocurrencies declined 47%.
Operating profit was $0.41B, a 38.9% margin (down 1.1 points year over year). Of the extra revenue versus Q1 2025, 31% reached operating profit, below the 40% margin then. Total costs grew 17% against revenue growth of 15%. The fastest-growing cost line was General & admin (+31%). Net earnings were $0.35B, up 4% year over year. The effective tax rate was 15.7%.
Operating cash flow was $2.0B (up 217% year over year), 582% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $1.6B.
Questions
What was Robinhood Markets' revenue in the first quarter 2026?
Robinhood Markets (HOOD) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +15% from a year earlier and -17% from the quarter before.
Was Robinhood Markets profitable in the first quarter 2026?
Operating profit was $415M (38.9% of revenue) and net earnings $350M.
Source: Robinhood Markets 10-Q on SEC EDGAR.