Robinhood Q2 Revenue Hits Record $1.31B as Events Jump 10x

Robinhood Markets posted record second-quarter revenue of $1.31 billion, up 45% from a year earlier and ahead of analyst expectations. Net income reached $457 million, with diluted earnings per share of $0.46. The company also repurchased $302 million of its own shares during the quarter under its existing buyback authorization.

Event contracts were the standout growth driver. Revenue from this business increased more than tenfold year over year, as more customers traded prediction-style markets covering economic data, sports outcomes and political events. Robinhood launched regulated event contracts through its partnership with Kalshi, letting users wager on real-world outcomes rather than traditional financial assets. The segment has quickly become one of the company's fastest-growing revenue streams, adding a new source of transaction income alongside stocks, options and crypto.

Cryptocurrency trading also remained a major contributor. Crypto revenue climbed 46% year over year to $234 million, helped by stronger market conditions and ongoing retail participation. During the quarter, Robinhood continued to expand its digital asset footprint with the launch of Robinhood Chain, an Ethereum layer-2 blockchain aimed at tokenized real-world assets and decentralized finance applications. The company also pushed forward on international crypto expansion, including acquisitions designed to strengthen its European presence and institutional infrastructure.

Platform metrics showed continued momentum. Robinhood now serves more than 27 million funded customers, and total assets under custody reached roughly $384 billion, supported by both market appreciation and net deposits. Chief Executive Vlad Tenev said the company's product expansion is creating multiple growth engines beyond equity trading, positioning it to benefit from demand across investing, payments and blockchain-based financial services.

Diversification pays off

The results underscore how Robinhood's revenue mix has shifted since the 2021 retail trading boom. The platform now draws meaningful revenue from options, cryptocurrencies, subscriptions, securities lending, banking products and event contracts rather than relying mainly on equity order flow. Investors responded positively, viewing the broader product lineup as evidence that Robinhood can sustain growth even if equity trading volumes cool. The quarter also points to a wider industry trend, with prediction markets and digital assets becoming increasingly important to mainstream brokerage revenue.