Press release
Robinhood Reports Third Quarter 2025 Results
Revenues up 100% year-over-year to a record $1.27 billionNet Deposits were a record $20 billion, and Robinhood Gold Subscribers reached a record 3.9
About this update from Robinhood Markets, Inc.
[{"type":"text","content":"Revenues up 100% year-over-year to a record $1.27 billionNet Deposits were a record $20 billion, and Robinhood Gold Subscribers reached a record 3.9 millionDiluted EPS up 259% year-over-year to $0.61Robinhood now up to 11 business lines each generating ~$100 million or more in annualized revenues MENLO PARK, Calif., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2025, which ended September 30, 2025. \"Our team’s relentless product velocity drove record business results in Q3 and we’re not slowing down— Prediction Markets are growing rapidly, Robinhood Banking is starting to roll out, and Robinhood Ventures is coming,” said Vlad Tenev, Chairman and CEO of Robinhood. “Q3 was another strong quarter of profitable growth, and we continued to diversify our business, adding two more business lines—Prediction Markets and Bitstamp—that are generating approximately $100 million or more in annualized revenues,” said Jason Warnick, Chief Financial Officer of Robinhood. “And Q4 is off to a strong start in October, with record monthly trading volumes across equities, options, prediction markets, and futures, and new highs for margin balances.” Third Quarter Results Total net revenues increased 100% year-over-year to $1.27 billion. Transaction-based revenues increased 129% year-over-year to $730 million, primarily driven by cryptocurrencies revenue of $268 million, up over 300%, options revenue of $304 million, up 50%, and equities revenue of $86 million, up 132%.Net interest revenues increased 66% year-over-year to $456 million, primarily driven by growth in interest-earning assets and securities lending activity, partially offset by lower short-term interest rates.Other revenues increased 100% year-over-year to $88 million, primarily due to increased Robinhood Gold subscribers. Net income increased 271% year-over-year to $556 million.Diluted earnings per share (“EPS”) increased 259% year-over-year to $0.61.Total operating expenses increased 31% year-over-year to $639 million. The year-over-year increase was primarily driven by marketing and growth investments, and acquisition-related expenses. Adjusted Operating Expenses and Share-Based Compensation (“SBC”) (non-GAAP) increased 29% year-over-year to $613 million. Adjusted EBITDA (non-GAAP) incr...