Robinhood Revenue Jumps 32% as Company Diversifies Beyond Crypto

Robinhood posted its strongest quarter yet, with Q2 revenue reaching $1.31 billion, a 32% year-over-year increase.

The company's net income climbed 48% to $573 million and earnings per share hit $0.62, according to the report.

Transaction-based revenue led by event contract revenue surged more than 10x compared to last year, reaching $156 million.

Crypto revenue fell 38% to $100 million, indicating that digital asset trading is no longer Robinhood's fastest-growing business.