Robinhood delivered a strong first quarter of 2026 with steady financial growth across major income streams, as of 29 April 2026. Total net revenue increased 15% year over year to $1.07 billion.
The performance came from higher trading activity, stronger interest income, and expanding user engagement. Transaction-based revenue rose 7% to $623 million, supported by options trading, equities activity, and rising event contracts.
Net interest revenue increased 24% as customer deposits and interest-earning assets expanded, even as short-term rates stayed lower. Other revenue sources also improved due to subscription growth. Net income increased 3% to 346 million dollars, showing stable profitability.
Earnings per share also rose 3% to $0.38. Operating expenses grew 18% due to marketing investments and expansion plans. Despite higher costs, Adjusted EBITDA increased 14%, showing operational strength and efficient scaling across the business during the quarter.
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User Growth and Product Expansion Momentum
Robinhood continued to expand its customer base and product ecosystem at a strong pace. Funded customers increased 6% year over year to $27.4 million, showing consistent user acquisition.
Investment accounts rose 8% to $29.1 million, reflecting broader engagement across trading and investing products. Net deposits reached $17.7 billion, supported by strong inflows and active participation from retail users.
Gold subscribers grew sharply by 36% to $4.3 million, marking a new record for premium services. Average revenue per user increased 8% to $157, driven by higher product usage and monetization improvements.
New product launches included AI-powered tools such as Cortex Digests and Cortex Assistant, improving user insights. Banking services surpassed $2 billion in deposits, while retirement and margin products also expanded.
Social trading features entered beta testing, showing early user interest. Overall engagement across platforms remained strong throughout the quarter.
Platform Scale, Trading Activity, and Global Expansion
The scale of the Robinhood platform was reinforced by high volumes and international expansion plans. The total platform assets grew by 39% year over year to reach $307 billion.
Net deposits and appreciation of values were key drivers for this increase. Equities trading volume jumped by 54% to reach $638 billion, while the volume of options contracts rose to $586 million, with growth reaching 17%.
Record-breaking numbers for event contracts were recorded, with trading volume of $8.8 billion in this category, pointing to a high level of activity in the market. Crypto performance was somewhat uneven, yet the ecosystem performance remains strong.
International progress continues with the expansion of brokerage capabilities approved by the regulator in Singapore. The company is building out the capabilities of its blockchain infrastructure, including the development of Robinhood Chain – Layer 2 solution that handled more than $100 million in transactions.
The value of share repurchases was $250 million. Investments targeted product velocity, international expansion, and finance tools powered by AI technology.
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