Robinhood Posts Best Quarter Ever as Prediction Market and Robinhood Chain Take Off

Briefly

Robinhood posted file Q2 revenues of $1.31 billion, up 32% year-over-year, beating Wall Road’s estimate of $1.26 billion.
Crypto income fell 38% year-over-year to $100 million, whereas occasion contracts—prediction market bets on real-world outcomes—surged over 10x to $156 million, changing into the corporate’s fastest-growing income line.
The corporate expanded Robinhood Chain with tokenized shares, decentralized lending, and plans for brand new worldwide crypto choices.

Robinhood reported second-quarter earnings Wednesday and posted file quarterly income of $1.31 billion in Q2, up 32% year-over-year, beating Wall Road’s estimate of $1.26 billion. The corporate is increasing into prediction markets and crypto merchandise, together with Robinhood Chain, at the same time as crypto buying and selling income and volumes declined from the earlier quarter.

The corporate’s web earnings got here in at $573 million—or $0.62 per share—versus $386 million and $0.42 per share a 12 months in the past. Platform property grew to $369 billion from $307 billion, quarterly web deposits elevated to $21.7 billion from $17.7 billion, and Robinhood Gold subscribers rose to 4.8 million from 4.3 million.

“We hit all-time highs in buying and selling volumes throughout equities, choices, and prediction markets,” CEO Vlad Tenev mentioned on X.

Transaction-based revenues rose 44% to $776 million, however the engine behind that quantity has shifted. Occasion contracts—prediction markets the place customers purchase and promote contracts on real-world outcomes, from Fed charge choices to FIFA World Cup matches—generated $156 million, up greater than 10x year-over-year. Choices added $342 million, up 29%, and equities $129 million, up 95%.

Crypto, against this, slid to $100 million—down 38% from the $160 million Robinhood posted in Q2 2025. That drag had already hit in Q1, when shares fell 6% on a 34% quarterly drop in crypto income. Complete crypto notional buying and selling quantity—the uncooked greenback worth of trades executed—was $40 billion for the quarter: $18 billion on Robinhood’s personal app (down 35% year-over-year) and $22 billion by way of Bitstamp, the crypto change it acquired final 12 months. The buying and selling quantity for crypto dipped from $66 billion in Q1 to $40 billion in Q2.

The corporate is not stepping again from crypto, and is focusing by itself chain. Alongside the outcomes, Robinhood highlighted the now-live public mainnet for Robinhood Chain and Inventory Tokens accessible to eligible customers in additional than 120 international locations by way of Robinhood Pockets.

“The Robinhood Chain just a few weeks in the past, the primary chain purpose-built for real-world property, now with over 12 billion index quantity since launch,” Tenet said on X .The speedy progress and developer exercise on the chain has been superior to see, a lot extra to return.”

Robinhood first launched the general public testnet for Robinhood Chain earlier this 12 months, describing it as an Ethereum layer-2 community for tokenized real-world assets. The corporate launched the community’s public mainnet on July 1, making it accessible for tokenized shares, ETFs, decentralized finance purposes, and different Ethereum-compatible companies.

Like different Ethereum L2s, the concept is to have a secondary blockchain that settles on Ethereum’s major community however runs quicker and cheaper. As Decrypt reported last Sunday, the chain was already clearing over $600 million in day by day decentralized change quantity and logged 138 million transactions in its first 30 days. Tokenized shares—actual firm shares wrapped as on-chain digital tokens—grew from $5 million to $60 million in day by day quantity in beneath two weeks.

Two new merchandise, although, headlined the decision. “Two new launches I might like to spotlight. One, Rothera, our new prediction markets change and three way partnership. And two, the primary model of agentic buying and selling with equities, choices, and shortly crypto on Robinhood accessible to your AI brokers,” Tenev mentioned.

Rothera is a CFTC-licensed prediction markets change Robinhood runs as a three way partnership with Susquehanna Worldwide Group, a significant quantitative buying and selling agency. It has processed over 3.5 billion contracts since going stay in late Could. Agentic buying and selling—software program that executes trades on a person’s behalf robotically, with out requiring guide enter per transaction—launched Could 27 and already counts almost 100,000 accounts.

Web deposits hit a file $21.7 billion. Gold subscribers reached a file 4.8 million. The Gold Card crossed 1 million cardholders with $17 billion in annualized buy quantity. 13 Robinhood enterprise strains now every generate over $100 million yearly.