Robinhood Beats Q2 Expectations on Strong Prediction Market Growth

Robinhood has reported its strongest quarter in history, with total net revenue reaching $1.31 billion for Q2 2026. This represents a 32% annual growth and includes record-breaking results from various business lines.

The company's transaction-based revenue increased by 44% to $776 million, driven primarily by rising activity in event contracts, options, and equities. Prediction markets generated $156 million in revenue during Q2 2026, overtaking cryptocurrency transactions for the first time with a total of $100 million.

Net income rose 48% from a year earlier to $573 million, while diluted earnings per share increased to $0.62. Adjusted EBITDA reached $741 million with a 57% margin, reflecting stronger operating leverage despite higher marketing, restructuring, and product investment costs.