Robinhood (NASDAQ: HOOD) posted a blowout third-quarter report, driven by an explosive surge in cryptocurrency trading revenue. The brokerage saw crypto revenues soar more than 300% year-over-year to $268 million, helping total revenue climb to $1.27 billion, far exceeding Wall Street expectations.
Earnings came in at $0.61 per share, beating analyst forecasts of $0.53. Following the results, Robinhood stock rose 4.15% at Wednesday’s close, reflecting strong investor confidence in the company’s expanding ecosystem.
Transaction-Based Revenue Surges as Crypto Trading Booms
Robinhood’s transaction-based revenue jumped 129% year-over-year to $730 million, fueled primarily by crypto trading activity. Within that segment, options trading revenue rose 50% to $304 million, while equities trading revenue climbed 132% to $86 million.
CFO Jason Warnick noted that the company’s diversification strategy is paying off, pointing to new ventures such as Prediction Markets and Bitstamp, each now generating over $100 million in annualized revenue.
Expanding Customer Base and Global Crypto Presence
Robinhood’s customer base hit a record 26.8 million funded accounts, with total platform assets rising nearly 120% to $333 billion. The company continues to expand globally through key acquisitions — including Bitstamp in Europe and WonderFi in Canada — strengthening its position in the fast-growing international crypto market.
With its strong Q3 performance and increasing footprint in both traditional and digital finance, Robinhood is emerging as a major player in the next wave of global fintech innovation.
