Robinhood shattered its previous records in Q2, hitting $1.31 billion in net revenue, a 32% increase from the same period last year. The surprising star was its event contracts business, which generated $156 million, outperforming both the crypto segment at $100 million and equities at $129 million. This figure marks more than a tenfold rise compared to the previous year.
Transaction revenue surged 44% to $776 million, with options trading rising 29% to $342 million and equities revenue nearly doubling with a 95% jump. Event contracts traded hit a new high of 13.6 billion contracts, reflecting explosive growth in this relatively new market segment.
Despite the gains, crypto revenue fell by 38% year-over-year from $160 million to $100 million this quarter. Notional crypto trading volume dropped to $40 billion from $66 billion in Q1, split between a 35% year-over-year decrease on Robinhood’s own app and volume through Bitstamp. Robinhood’s joint venture with Susquehanna International Group, the CFTC-licensed exchange Rothera, launched in June and has already processed over 3.5 billion contracts.
Robinhood is also exploring partnerships, reportedly discussing integration with Crypto.com to expand its event contracts offerings alongside current providers like Kalshi. The platform’s diversity is clear thirteen business lines now each deliver more than $100 million in annualized revenue.
Other positive indicators include a dramatic rise in net deposits to $21.7 billion, a 39% surge in Robinhood Gold subscribers to 4.8 million, a 32% increase in total platform assets to $369 billion, and a 7% rise in funded customers to 28.4 million. The company spotlighted the public mainnet launch of Robinhood Chain and its AI-driven Agentic Trading, which has attracted almost 100,000 accounts and over $100 million in assets since May.
