Robinhood Q2 Earnings Top Estimates as Trading Surges Across Stocks, Crypto, and Options

Thursday, Jul 31, 2025 12:12 pm ET1min read

Robinhood reported Q2 earnings that exceeded Wall Street forecasts, driven by a surge in trading activity across stocks, options, and cryptocurrencies. Net income more than doubled to $386 million, with transaction-based revenues climbing 65% to $539 million and crypto revenue nearly doubling to $160 million. Net deposits reached $13.8 billion, and total platform assets reached $279 billion, nearly double the figure from a year ago.

Robinhood Markets, Inc. (NASDAQ: HOOD) reported its second-quarter 2025 results, exceeding Wall Street forecasts and demonstrating robust growth across its trading platforms. The company's net income more than doubled to $386 million, with transaction-based revenues climbing 65% to $539 million. Crypto revenue nearly doubled to $160 million, reflecting the company's strong performance in the digital asset space. Net deposits reached $13.8 billion, and total platform assets reached $279 billion, nearly doubling the figure from a year ago.

Key highlights of the quarter include a 45% year-over-year increase in total net revenues to $989 million, driven by a 65% increase in transaction-based revenues to $539 million. Crypto revenues surged 98% to $160 million, while equities revenue increased 65% to $66 million. The company also reported a 100% year-over-year increase in diluted EPS to $0.42.

Notably, Robinhood's Robinhood Gold subscribers reached a record 3.5 million, a 76% increase from the previous year. The company's average revenue per user (ARPU) also increased 34% year-over-year to $151. The acquisition of Bitstamp Ltd. in June 2025 further bolstered the company's crypto offerings, with Bitstamp Exchange crypto notional trading volumes reaching $7 billion.

Looking ahead, Robinhood's 2025 expense plan includes growth investments in new products, features, and international expansion while aiming to improve efficiency in existing businesses. The company's outlook for combined Adjusted Operating Expenses and SBC for full-year 2025 has been updated to $2.15 billion to $2.25 billion to include expenses related to the Bitstamp acquisition.

References:

[1] https://investors.robinhood.com/news-releases/news-release-details/robinhood-reports-second-quarter-2025-results

Robinhood Q2 Earnings Top Estimates as Trading Surges Across Stocks, Crypto, and Options

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