Q1 25 EPS
$0.37
BEAT +0.19%
Est. $0.37
Q1 25 Revenue
$927.0M
BEAT +1.07%
Est. $917.2M
vs S&P Since Q1 25
+18.6%
BEATING MARKET
HOOD +47.7% vs S&P +29.0%
Market Reaction
Did HOOD Beat Earnings? Q1 2025 Results
Robinhood kicked off 2025 with a clear-cut beat on both the top and bottom lines, reporting first-quarter revenue of $927.00 million against a consensus estimate of $917.16 million, a 1.07% beat, while earnings per share of $0.37 edged past the $0.37… Read more Robinhood kicked off 2025 with a clear-cut beat on both the top and bottom lines, reporting first-quarter revenue of $927.00 million against a consensus estimate of $917.16 million, a 1.07% beat, while earnings per share of $0.37 edged past the $0.37 estimate by 0.19%. The headline numbers were powered by an explosive surge in transaction-based revenues, which climbed 77% year-over-year to $583.00 million, with cryptocurrency trading alone doubling to $252.00 million and options revenue rising 56% to $240.00 million. Net income more than doubled to $336.00 million, lifting the net margin to 36% from 25% a year earlier. The quarter also marked meaningful strategic progress, as Robinhood's expanding wealth management push took shape with the TradePMR acquisition closing in February and new advisory, banking, and AI products unveiled at its Gold keynote. Looking ahead, the company raised its full-year 2025 adjusted operating expense outlook to $2.08 billion to $2.19 billion, attributing the increase entirely to roughly $85.00 million in TradePMR-related costs, while noting strong customer engagement early in the second quarter.
Key Takeaways
- • Cryptocurrency revenue doubled year-over-year to $252 million
- • Options revenue grew 56% year-over-year to $240 million with record 500 million contracts traded
- • Record net deposits of $18.0 billion, a 37% annualized growth rate
- • Robinhood Gold subscribers surged 90% year-over-year to a record 3.2 million
- • Equity notional trading volumes increased 84% to $413 billion
- • Margin book more than doubled to a record $8.8 billion
- • ARPU increased 39% year-over-year to $145
HOOD YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
HOOD Revenue by Segment
With YoY comparisons, source: SEC Filings
“This quarter, we significantly accelerated product innovation across our key initiatives, highlighted by the announcement of Robinhood Strategies, Banking, and Cortex. Customers have clearly responded — demonstrated by record-breaking net deposits, Robinhood Gold subscriptions, and options volume, as well as robust year-over-year growth in trading across all asset classes.”
— Vlad Tenev, Q1 2025 Earnings Press Release
HOOD Earnings Trends
HOOD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HOOD EPS Trend
Earnings per share: estimate vs actual
HOOD Revenue Trend
Quarterly revenue: estimate vs actual
HOOD Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.38 | — | $1.07B | -6.07% |
| Q4 25 BEAT FY | $0.59 | $0.66 | +12.36% | $1.28B | — |
| FY Full Year | $2.04 | $2.05 | +0.53% | $4.47B | -1.23% |
| Q3 25 BEAT | $0.54 | $0.61 | +12.07% | $1.27B | +4.84% |
| Q2 25 BEAT | $0.35 | $0.42 | +18.88% | $989.0M | +8.29% |
| Q1 25 BEAT | $0.37 | $0.37 | +0.19% | $927.0M | +1.07% |