Robinhood Markets (NASDAQ:HOOD) Issues Earnings Results

Robinhood Markets (NASDAQ:HOOD) announced its quarterly earnings results on Wednesday. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18, Zacks reports. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.68%. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share.

Here are the key takeaways from Robinhood Markets’ conference call:

• Record Q2 results: Revenue rose 32% year over year to $1.3 billion, while adjusted EBITDA increased 35% to $741 million, representing a 57% margin. Earnings per share rose 48% to $0.62.
• Strong customer and asset growth: Net deposits reached a record $22 billion, nearly 1 million funded customers were added, and Gold subscribers rose to 4.8 million. Total platform assets also reached a record level.
• Expansion of the product ecosystem: The Gold Card surpassed 1 million cardholders, banking deposits exceeded $3 billion, and prediction markets, agentic trading, international offerings, and Robinhood Chain continued to gain traction.
• Improved expense discipline: Robinhood lowered its 2026 adjusted operating expense and stock-based compensation outlook to $2.675 billion-$2.775 billion, saying efficiency gains are helping self-fund investments in Rothera, WonderFi, and other new businesses.
• Growth remains dependent on execution and market conditions: July equity, options, and event-contract volumes were tracking near Q2 levels, but crypto activity was somewhat slower and monthly net deposits were expected to be around $4 billion. Management also raised $2.2 billion of capital to support future expansion.

Robinhood Markets Trading Up 0.7%

HOOD stock traded up $0.62 during mid-day trading on Friday, hitting $87.22. 14,901,797 shares of the company were exchanged, compared to its average volume of 29,192,932. Robinhood Markets has a 1-year low of $63.51 and a 1-year high of $153.86. The business has a 50 day simple moving average of $97.76 and a 200-day simple moving average of $87.64. The stock has a market capitalization of $78.54 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 1.83 and a beta of 2.33.

Analysts Set New Price Targets

HOOD has been the subject of several recent analyst reports. The Goldman Sachs Group cut their target price on shares of Robinhood Markets from $137.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating and issued a $110.00 price objective on shares of Robinhood Markets in a research note on Tuesday, June 9th. China Renaissance started coverage on Robinhood Markets in a research report on Tuesday, July 7th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods reduced their target price on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Finally, Truist Financial dropped their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.30.

Insider Buying and Selling at Robinhood Markets

In related news, insider Steven M. Quirk sold 19,377 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total value of $2,324,464.92. Following the completion of the sale, the insider directly owned 62,612 shares in the company, valued at $7,510,935.52. The trade was a 23.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Johnson Treseder sold 3,750 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $117.50, for a total value of $440,625.00. Following the completion of the transaction, the director directly owned 72,442 shares in the company, valued at approximately $8,511,935. This represents a 4.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders acquired 680,000 shares of company stock worth $55,306,560 and sold 631,263 shares worth $66,793,857. 13.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Robinhood Markets

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its holdings in Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after purchasing an additional 16,375,734 shares during the period. Morgan Stanley increased its holdings in shares of Robinhood Markets by 23.9% during the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after purchasing an additional 2,061,832 shares during the period. Invesco Ltd. raised its position in shares of Robinhood Markets by 12.7% in the fourth quarter. Invesco Ltd. now owns 6,975,556 shares of the company’s stock valued at $788,935,000 after buying an additional 784,433 shares in the last quarter. Northern Trust Corp raised its position in shares of Robinhood Markets by 0.8% in the fourth quarter. Northern Trust Corp now owns 6,203,880 shares of the company’s stock valued at $701,659,000 after buying an additional 46,543 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Robinhood Markets by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,573,027 shares of the company’s stock valued at $630,309,000 after buying an additional 211,835 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Record quarter and earnings beat: Robinhood reported second-quarter revenue of $1.31 billion, up 32.5% year over year, and diluted EPS of $0.62 versus the $0.44 consensus estimate. Net income rose 48%, helped by robust market activity and customer trading. Robinhood quarterly profit rises on strong trading activity
• Positive Sentiment: Broader platform growth: Net deposits reached a record $22 billion, Gold subscribers rose to 4.8 million, and the company said 13 business lines now generate at least $100 million in annualized revenue. Nearly 1 million funded customers were added, with executives citing strong demand around the SpaceX IPO. Robinhood Reports Second Quarter 2026 Results
• Positive Sentiment: Prediction markets are a major new growth engine: Event-contract revenue reached $156 million, surpassing crypto trading revenue of $100 million. Management called prediction markets Robinhood’s fastest-growing business, supporting the company’s strategy to diversify beyond meme stocks and cryptocurrency. Robinhood Beats Estimates as Prediction Markets Overtake Crypto
• Neutral Sentiment: Analyst views remain broadly bullish but targets were trimmed: BTIG, Citizens JMP and Goldman Sachs retained positive ratings, with targets of $125, $155 and $118, respectively. Goldman and Needham lowered their targets, indicating increased caution despite substantial implied upside. Robinhood Analysts Cut Their Forecasts After Q2 Results
• Negative Sentiment: Crypto weakness and earnings quality concerns pressured shares: Crypto revenue fell 38% to $100 million, while investors focused on a one-time accounting benefit and higher costs. The stock consequently declined after the earnings release despite the headline beat. Robinhood delivers record Q2 revenue, but crypto slowdown weighs on shares
• Negative Sentiment: Near-term momentum is uncertain: Barclays cited a meaningful slowdown in new accounts during July and cut its price target to $105 from $122. Technical analysts are watching approximately $86.21 as important support, with a break potentially signaling further downside. Robinhood CEO Says $1T Market Cap Goal Is Possible, But Analysts Remain Cautious

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.