Q3 25 EPS
$0.61
BEAT +12.07%
Est. $0.54
Q3 25 Revenue
$1.27B
BEAT +4.84%
Est. $1.22B
vs S&P Since Q3 25
-54.7%
TRAILING MARKET
HOOD -47.2% vs S&P +7.5%
Market Reaction
Did HOOD Beat Earnings? Q3 2025 Results
Robinhood delivered a blowout third quarter, posting record revenue of $1.27 billion, a 100% year-over-year surge that topped the $1.22 billion consensus estimate by 4.84%, while earnings per share of $0.61 beat the $0.54 consensus by 12.07% and repr… Read more Robinhood delivered a blowout third quarter, posting record revenue of $1.27 billion, a 100% year-over-year surge that topped the $1.22 billion consensus estimate by 4.84%, while earnings per share of $0.61 beat the $0.54 consensus by 12.07% and represented a 259% increase from a year ago. The standout driver was a near-complete transformation in the company's revenue mix, with transaction-based revenues more than doubling to $730 million, led by cryptocurrency revenue that soared over 300% year-over-year to $268 million, alongside options revenue of $304 million and net interest revenues climbing 66% to $456 million. Net income jumped 271% to $556 million, and adjusted EBITDA expanded to $742 million with margins reaching 58%. Robinhood Gold subscribers surged 77% to 3.9 million, total platform assets more than doubled to $333 billion, and the company now counts 11 business lines each generating roughly $100 million or more in annualized revenues. Looking ahead, management raised its full-year 2025 adjusted operating expense outlook to approximately $2.28 billion, citing strong performance, increased growth investments, and an October already showing record trading volumes across multiple asset classes.
Key Takeaways
- • Cryptocurrency revenue up over 300% YoY driving transaction-based revenue growth
- • Options revenue up 50% YoY to $304 million
- • Equities revenue up 132% YoY
- • Net interest revenue growth from expanding interest-earning assets and securities lending
- • Robinhood Gold Subscribers surged 77% YoY to 3.9 million
- • Net Deposits record of $20.4 billion in Q3
- • Total Platform Assets up 119% YoY to $333 billion
- • ARPU increased 82% YoY to $191
- • Event Contracts Traded more than doubled sequentially to 2.3 billion
HOOD YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
HOOD Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Vlad Tenev, Q3 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% |