Filing Flows › Robinhood Markets (HOOD) › Q3 2026 › vs Q3 2025
Robinhood Markets (HOOD) Q3 2026 vs Q3 2025 (year over year)
Robinhood Markets's revenue rose $150M (+12%) from $1.3B in Q3 2025 to $1.4B in Q3 2026. The biggest changes: Cryptocurrencies −$148M (-55%); Event contracts +$146M (+541%); Transaction-based revenues +$137M (+19%). Operating margin 43.3% against 49.8% (-6.4 pts).
Robinhood Markets, Q3 2026: revenue $1.4B (+12% year over year), operating margin 43.3%, net earnings $468M, operating cash flow $1.2B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 43.3% | 49.8% | -6.4 pts |
| Net margin | 32.9% | 43.6% | -10.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Other | $73.0M | $34.0M | $39.0M | +115% |
| Gold subscription revenues | $62.0M | $47.0M | $15.0M | +32% |
| Proxy revenues | $7.0M | $7.0M | $0 | 0% |
| Other revenues | $142M | $88.0M | $54.0M | +61% |
| Transaction-based revenues | $867M | $730M | $137M | +19% |
| Event contracts | $173M | $27.0M | $146M | +541% |
| Equities | $121M | $86.0M | $35.0M | +41% |
| Cryptocurrencies | $120M | $268M | −$148M | -55% |
| Revenue | $1.4B | $1.3B | $150M | +12% |
| Operating profit | $617M | $634M | −$17.0M | -3% |
| Costs & expenses | $807M | $640M | $167M | +26% |
| Pre-tax earnings | $617M | $634M | −$17.0M | -3% |
| General & admin | $163M | $185M | −$22.0M | -12% |
| Other operating costs | $644M | $455M | $189M | +42% |
| Net earnings | $468M | $556M | −$88.0M | -16% |
| Income tax | $149M | $78.0M | $71.0M | +91% |
| Depreciation & amortization | $26.0M | $22.0M | $4.0M | +18% |
| Share-based compensation | $80.0M | $78.0M | $2.0M | +3% |
| Working capital & other | $651M | −$2.2B | $2.9B | — |
| Operating cash flow | $1.2B | −$1.6B | $2.8B | — |
Questions
How much did Robinhood Markets's revenue grow year over year in Q3 2026?
Robinhood Markets's revenue rose $150M (+12%) from $1.3B in Q3 2025 to $1.4B in Q3 2026.
What drove Robinhood Markets's revenue change in Q3 2026?
Cryptocurrencies −$148M (-55%); Event contracts +$146M (+541%); Transaction-based revenues +$137M (+19%).