Robinhood Markets Inc. · Q2 2026
ReportedJul 29, 2026
Period endedJun 30, 2026
Rule of 40+85
Consensus vs reported
EPS
BEAT +41%
$0.62
vs $0.44 expected
QoQ+63.2%
YoY+47.6%
Revenue
IN LINE
$1.31B
vs $1.306B expected
QoQ+22.6%
YoY+32.3%
QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.
The quarter in short
Revenue $1.31B, up 32.3% year over year and 22.6% on the quarter. EPS $0.62, up 47.6% year over year and 63.2% on the quarter. Free cash flow $696M, down 80.1% year over year and 65.7% on the quarter. EPS beat consensus by 41%. Rule of 40 score +85.
Reported this quarter
Revenue
$1.31B
QoQ +22.6%
YoY +32.3%
EPS
$0.62
QoQ +63.2%
YoY +47.6%
Free Cash Flow
$696M
QoQ −65.7%
YoY −80.1%
Gross Margin
95.3%
QoQ +0.9 pp
YoY +0.1 pp
FCF Margin
53.2%
QoQ −136.9 pp
YoY −299.8 pp
P/E Ratio
44.2
QoQ +32.0%
YoY −7.0%
Each tile opens the full quarterly series. Download the numbers as CSV or JSON.
What we learned
- A 38% EPS beat lost 7% across two sessions. Diluted EPS of $0.62 against a $0.4494 estimate , on revenue of $1,308M against a $1,306M consensus — a rounding error on the top line and a blowout on the bottom, treated as neither.
- Crypto went from driver to drag for the second straight quarter. Revenue fell 38% to $100M from $160M . Lumpy was always the expectation; it was priced anyway.
- Costs were guided tighter and revenue was not guided at all. FY2026 opex/SBC came down to $2.675–2.775B from $2.7–2.825B , with no forward revenue guidance . Discipline on one side and silence on the other is what the tape read as caution.
- Prediction markets stopped being a novelty. Event-contract revenue reached $156M, up more than 10x , on 13.6 billion contracts also up more than 10x. A rounding error a year ago.
- The diversification has a countable threshold now. Thirteen business lines clear $100M+ in annualised revenue , including Robinhood Legend about eighteen months after launch and the credit card.
Coverage around this release
R40
Robinhood's Newest Revenue Line Is Now Almost Exactly the Size Its Most Famous One Used to Be
News · Aug 3, 2026
R40
A Prediction Market Priced Robinhood's Own Launch at 24% — One Quarter Later That Line Booked $156M
News · Aug 2, 2026
R40
Robinhood Q2 2026: A 38% EPS Beat, Record Revenue — and Still a Two-Day Slide
News · Jul 29, 2026
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2024 Q3 | — | $0.17 | — |
| 2024 Q4 | — | $1.01 | — |
| 2025 Q1 | — | $0.37 | — |
| 2025 Q2 | — | $0.42 | — |
| 2025 Q3 | — | $0.61 | — |
| 2025 Q4 | — | $0.66 | — |
| 2026 Q1 | — | $0.38 | — |
| 2026 Q2 | $0.44 | $0.62 | +41% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Sources & downloads
Company
Published by the company on the day of the release.
HTML
Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1783879.
HTML
8-K results announcement
Filed Jul 29, 2026
HTM
Press release (EX-99.1)
Exhibit 99.1 to the 8-K
518 KB
HTML
Filing index
Every document in the 8-K submission
TXT
Complete submission
Raw archival text of the whole filing
HTML
10-Q quarterly report
Period ended Jun 30, 2026, filed Jul 30, 2026
ZIP
XBRL data bundle
Structured financial statements from the 10-Q
JSON
Company facts (XBRL)
Every figure HOOD has reported to the SEC
R40 data
The numbers shown on this page, as we hold them.
CSV
This quarter (CSV)
Reported metrics for Q2 2026, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings