HOOD Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Robinhood closed out a record-setting year on a mixed but ultimately strong note, posting Q4 2025 earnings of $0.66 per diluted share against a consensus estimate of $0.59, a 12.36% beat, even as a 38% decline in crypto transaction revenue to $221 mi… Read more Robinhood closed out a record-setting year on a mixed but ultimately strong note, posting Q4 2025 earnings of $0.66 per diluted share against a consensus estimate of $0.59, a 12.36% beat, even as a 38% decline in crypto transaction revenue to $221 million drew investor scrutiny. Total net revenues reached $1.28 billion for the quarter, up 27% year-over-year, capping a full-year record of $4.47 billion. The headline driver of the quarter's resilience was diversification: options revenue jumped 41% to $314 million, net interest revenues surged 39% to $411 million, and Prediction Markets event contracts contributed $147 million in an entirely new revenue line. Gold subscribers hit 4.2 million, up 58% year-over-year, while Total Platform Assets climbed 68% to $324 billion. Some analysts have flagged that the company's crypto exposure leaves limited margin for error, a concern management is addressing by guiding 2026 operating expenses to $2.60 billion to $2.73 billion as it accelerates international expansion and new product development, with January already showing encouraging early momentum across net deposits and margin lending.