Robinhood Q2 2026 earnings show push beyond brokerage
Robinhood posted record revenue and deposits while executives outlined plans to expand banking, cards, prediction markets and AI-linked trading.
By Rafael Ortiz · Fintech Correspondent
· 3 min read
Robinhood Q2 2026 earnings showed a brokerage business still expanding, with record quarterly revenue of $1.3 billion, up 32% from a year earlier, according to the company’s Tuesday earnings call. Robinhood also reported $22 billion in net deposits and a 57% adjusted EBITDA margin, while management said trading activity hit new highs across equities, options and prediction markets.
The figures supported management’s argument that Robinhood is gaining share in its original trading markets. They also framed a broader strategic shift: executives described a company trying to capture more of a customer’s financial activity, from deposits and spending to investing, credit and automated trading tools.
“The business is firing on all cylinders,” Chief Financial Officer Shiv Verma said on the call. He said Robinhood delivered record revenue and new highs in equity, option and event contract volumes, and added that Robinhood Legend and the credit card business have joined 13 business lines with more than $100 million in annualized revenue.
What did Robinhood report in Q2 2026?
Robinhood said it recorded its strongest quarterly increase in funded customers in almost five years, approaching 1 million additions. Gold membership reached a record 4.8 million subscribers, equal to 17% of funded accounts, according to management.
The company said about 40% to 50% of new customers become Gold subscribers, regardless of the product that first brings them to Robinhood. Management described that pattern as central to its model: a user may arrive through stocks, options, crypto, retirement accounts, prediction markets, banking or a credit card, then be introduced to other services on the platform.
Robinhood’s credit card has exceeded 1 million cardholders and is producing more than $17 billion in annualized purchase volume, according to the company. Its banking product has attracted more than $3 billion in deposits since rollout began in November, and about 40% of banking users have enrolled in direct deposit.
Prediction markets are also growing within the platform. Robinhood said the number of customers who have traded prediction-market contracts has risen from about 1.5 million to nearly 2 million. Event contracts allow users to take positions tied to specified outcomes, with trading and settlement handled through regulated market infrastructure.
How is Robinhood expanding beyond trading?
Executives pointed to two areas where Robinhood is seeking more control over the underlying systems that process customer activity: prediction markets and tokenized assets.
Rothera, Robinhood’s prediction-market joint venture, became a top-three U.S. designated contract market shortly after launch, according to management. Executives said they expect more Robinhood event-contract volume to move to Rothera as capacity grows, and said the venue could eventually serve other futures commission merchants.
Robinhood Chain reflects a similar effort in digital assets. The company said the blockchain, built around tokenized real-world assets, generated more than $12 billion in decentralized-exchange volume shortly after launch and became one of the fastest networks to pass 100 million transactions.
The strategic aim, as described by management, is to use a wider set of products to acquire customers, then shift more of their financial lives onto Robinhood’s own systems. That approach could give the company more control over transaction economics and product design, while also increasing the burden of presenting many services as a coherent financial account.
Chief Executive Vlad Tenev acknowledged that integration challenge on the call. “The orchestration of all of these things into one story, into one financial tool, is becoming an increasing source of focus,” he said.
Robinhood is also preparing products for AI-driven finance. Management said its first agentic trading product lets users connect external artificial intelligence tools to separate Robinhood accounts and build strategies involving equities and options, with crypto support planned. More than 100,000 users have opened or connected agentic accounts, according to the company.
Executives said the current product remains technically demanding because it requires customers to connect coding-oriented AI systems. The company’s next test will be whether its expanding set of trading, banking, credit and automation products can operate as one financial system rather than a collection of separate features.
This story draws on original reporting from PYMNTS.
