Filing Flows › Robinhood Markets (HOOD) › Q2 2026 › vs Q2 2025
Robinhood Markets (HOOD) Q2 2026 vs Q2 2025 (year over year)
Robinhood Markets's revenue rose $319M (+32%) from $989M in Q2 2025 to $1.3B in Q2 2026. The biggest changes: Transaction-based revenues +$237M (+44%); Event contracts +$146M (16×); Equities +$63.0M (+95%). Operating margin 53.3% against 44.7% (+8.6 pts).
Robinhood Markets, Q2 2026: revenue $1.3B (+32% year over year), operating margin 53.3%, net earnings $561M, operating cash flow $720M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 53.3% | 44.7% | +8.6 pts |
| Net margin | 42.9% | 39.0% | +3.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Transaction-based revenues | $776M | $539M | $237M | +44% |
| Event contracts | $156M | $10.0M | $146M | 16× |
| Equities | $129M | $66.0M | $63.0M | +95% |
| Cryptocurrencies | $100M | $160M | −$60.0M | -38% |
| Gold subscription revenues | $54.0M | $44.0M | $10.0M | +23% |
| Other | $49.0M | $38.0M | $11.0M | +29% |
| Other | $47.0M | $13.0M | $34.0M | +262% |
| Revenue | $1.3B | $989M | $319M | +32% |
| Operating profit | $697M | $442M | $255M | +58% |
| Costs & expenses | $611M | $547M | $64.0M | +12% |
| Pre-tax earnings | $697M | $442M | $255M | +58% |
| General & admin | $199M | $132M | $67.0M | +51% |
| Other operating costs | $412M | $415M | −$3.0M | -0.7% |
| Net earnings | $561M | $386M | $175M | +45% |
| Income tax | $136M | $56.0M | $80.0M | +143% |
| Depreciation & amortization | $23.0M | $21.0M | $2.0M | +10% |
| Share-based compensation | $105M | $78.0M | $27.0M | +35% |
| Working capital & other | $31.0M | $3.0B | −$3.0B | -99% |
| Operating cash flow | $720M | $3.5B | −$2.8B | -79% |
Questions
How much did Robinhood Markets's revenue grow year over year in Q2 2026?
Robinhood Markets's revenue rose $319M (+32%) from $989M in Q2 2025 to $1.3B in Q2 2026.
What drove Robinhood Markets's revenue change in Q2 2026?
Transaction-based revenues +$237M (+44%); Event contracts +$146M (16×); Equities +$63.0M (+95%).