Robinhood (HOOD) reported a pointy decline in crypto buying and selling income for the primary quarter of 2026, whilst progress in different elements of its enterprise pushed total income larger.
Crypto-related income fell 47% from a yr earlier to $134 million, down from $252 million in the identical interval of 2025, based on its earnings launch.
The drop got here as buyer exercise shifted towards different buying and selling merchandise. Transaction-based income rose modestly to $623 million from $583 million a yr in the past. A key driver was a surge in so-called occasion contracts, which introduced in a big share of “different transaction income” that climbed 320% yr over yr to $147 million.
Robinhood mentioned customers traded a document 8.8 billion occasion contracts in the course of the quarter, reflecting rising curiosity in prediction markets. These merchandise let customers place bets on the result of real-world occasions, just like forecasting whether or not rates of interest will rise or who would possibly win an election.
Complete income elevated 15% to $1.07 billion, in contrast with $927 million a yr earlier. Internet earnings elevated 3% year-over-year to $346 million.
Adjusted earnings per share got here in at $0.38, barely above $0.37 within the prior-year interval, however lacking analyst estimates of $0.39.
The outcomes present how Robinhood is working to scale back its reliance on crypto buying and selling, which may swing sharply with market sentiment. Like Coinbase (COIN), which is ready to report earnings on Might 7, the corporate has been increasing into new areas corresponding to derivatives and prediction markets to clean out income.
Robinhood additionally reported sturdy progress in web curiosity income and subscription merchandise, together with its Gold service, because it builds a broader monetary ecosystem.
Shares of HOOD fell 6% in post-market buying and selling. The corporate mentioned it would host an earnings name at 5 p.m. ET.
