Highlights

  • Q3 2026 net Revenue reached a record $1.42 billion, up 12% year-over-year, with transaction-based revenues climbing 19% to $867 million.
  • Gold Subscribers hit a record 5.2 million, while Agentic Trading Accounts surpassed 200,000 since launch.
  • Event contracts revenue surged to $173 million — up approximately 6x year-over-year — as the product gained mainstream traction.
  • Adjusted EBITDA rose 9% year-over-year to $808 million, and cash and equivalents stood at $5.8 billion as of quarter-end.

Robinhood Markets (NASDAQ:HOOD) reported record third-quarter 2026 financial results, capping a period of broad-based growth across its retail investing platform, premium subscription business, and emerging AI-powered trading tools. Q3 2026 net revenue reached a record $1.42 billion, up 12% year-over-year, with transaction-based revenues climbing 19% to $867 million.

Record Revenue Driven by Multi-Channel Strength

Net revenues for the quarter reached $1.42 billion, representing a 12% increase compared to the same period a year ago. Transaction-based revenues, the company's largest revenue line, rose 19% year-over-year to $867 million. Options trading remained the dominant contributor at $399 million, up 31%, while equities revenue increased 41% to $121 million. Net interest revenues and other revenues combined to support the remaining portion of total net revenue. Gold Subscribers hit a record 5.2 million, while Agentic Trading Accounts surpassed 200,000 since launch.

Net income came in at $476 million, reflecting a 14% year-over-year decline largely attributable to the absence of certain prior-year gains, while adjusted EPS reached $0.60 on a diluted basis. Adjusted EBITDA of $808 million marked a 9% year-over-year increase, underscoring the company's ability to expand Earnings on a normalised basis. Event contracts revenue surged to $173 million — up approximately 6x year-over-year — as the product gained mainstream traction.

Event Contracts and Agentic Trading Emerge as Breakout Businesses

Event contracts revenue was one of the standout performers of the quarter, rising approximately 6x year-over-year to $173 million. This category, which allows customers to trade outcomes on events such as economic indicators, sports, and market moves, has expanded rapidly since Robinhood broadened its product lineup. The company also reported that Agentic Trading Accounts — a service enabling AI-driven Automated Trading strategies — surpassed 200,000 accounts since launch, with 14 Business lines now operating at or above a $100 million annualised revenue run rate.

Gold Subscribers Hit Record High

Robinhood Gold, the company's premium subscription tier offering higher interest rates, larger instant deposits, and access to professional research, reached a record 5.2 million subscribers during the quarter. Average Revenue Per User (ARPU) stood at $200, reflecting the success of upselling customers to higher-value products. The company's blockchain infrastructure, Robinhood Chain, ranked among the top five blockchains globally by trading volume, extending its presence beyond traditional equities and options.

Balance Sheet and Deposits Reflect Underlying Strength

Net deposits for the quarter totalled $16 billion, illustrating continued customer trust and engagement with the platform. Cash and cash equivalents stood at $5.8 billion, providing significant operational flexibility. Robinhood's diversified revenue streams, expanding subscriber base, and Investment in next-generation trading infrastructure point toward sustained growth momentum heading into the fourth quarter.