Robinhood Q2 Revenue Surges 45% to $989M on Crypto Growth

Robinhood Markets Inc. reported second-quarter 2025 results that exceeded overall revenue and profit expectations, driven by a significant boost in its cryptocurrency trading business. The company’s total net revenue for the period came in at $989 million, reflecting a 45% year-over-year increase and surpassing the Bloomberg-surveyed analysts’ average forecast of $921.5 million [2]. Net income also surged, reaching $336 million, with diluted earnings per share rising 100% year-over-year to $0.42 [2].

Cryptocurrency-related revenue for the quarter grew by 98% year-on-year to $160 million [1], a figure that fell slightly below the $162.1 million estimate from analysts [1]. This marks a modest miss compared to the company’s previously projected triple-digit growth for the sixth consecutive quarter. The increase in crypto revenue was attributed to heightened trading volumes on the Robinhood App, which saw a surge during the period [1].

Transaction-based revenue, which includes income from crypto, options, and equities trading, increased by 65% year-on-year to $539 million [3]. Of this, $160 million was directly attributable to crypto trading activity. The company also reported 3.5 million Robinhood Gold subscribers, indicating strong user engagement with its premium services [3].

Robinhood’s strategic expansion and product innovations have played a key role in its growth trajectory. The recent acquisition of Bitstamp and the launch of crypto staking services in the U.S. have strengthened its market position [3]. Additionally, the company announced plans to acquire WonderFi, a Canadian digital asset firm, which is expected to be finalized by late 2025 [3].

The company has also been exploring the potential of tokenization, drawing regulatory attention after offering "tokenized" stocks to 150,000 customers in 30 countries in June [1]. CEO Vlad Tenev described tokenization as “the most important innovation in our industry in the past decade.” This initiative reflects Robinhood’s broader push to integrate new technologies and redefine the trading landscape [1].

Despite the crypto segment falling slightly short of forecasts, the company's overall financial performance highlights its capacity to maintain disciplined cost management while scaling its operations and expanding into new markets [3]. The results underscore Robinhood’s resilience and its ability to adapt to evolving market dynamics, particularly in the digital asset space.

Source:

[1] title: Robinhood Earnings Double, But Crypto Revenue Misses ... (url: https://www.investors.com/news/robinhood-stock-earnings-q2-2025-hood-stock-cryptocurrency/)

[2] title: Robinhood Q2 2025 Earnings: Revenue Surges 45% to ... (url: https://www.webpronews.com/robinhood-q2-2025-earnings-revenue-surges-45-to-989m-on-crypto-boom/)

[3] title: Robinhood Reports Second Quarter 2025 Results (url: https://investors.robinhood.com/static-files/96125635-9736-40ed-a873-eb0cf735b079)