Robinhood Logs Record 16.4 Billion Event Contracts in Q3 2026

Robinhood customers traded a record 16.4 billion event contracts in the third quarter, the brokerage reported after markets closed on Tuesday, October 27, 2026. That tally was more than seven times the year-earlier count and rose from 13.6 billion in Q2.

Rothera hits $100m annualised in first full quarter

Rothera, the prediction-market exchange launched in a joint venture between Robinhood and Susquehanna International Group in June, reached more than $100 million in annualised revenue in Q3, its first full quarter of operation. More than 6.4 billion contracts have traded on Rothera since launch. The exchange's performance pushed Rothera to become Robinhood's 14th business line to exceed $100 million in annualised revenue.

Revenue, earnings and segment performance

Total net revenue climbed 12% year over year to a record $1.42 billion, up from $1.31 billion in Q2 and matching the Zacks projection of $1.42 billion. Event contract revenue grew more than sixfold year over year to $173 million, and rose 11% from $156 million in Q2, again outpacing crypto and equities.

Crypto revenue rose 20% quarter on quarter to $120 million, up from $100 million in Q2, but remained down 55% from a year earlier. Crypto notional trading volume fell 38% year over year to $50 billion, with Bitstamp handling $29 billion of that volume. Robinhood said lower crypto prices partly offset growth in total platform assets, which rose 19% year over year to $396 billion.

Diluted earnings per share fell 16% to $0.51, below the Zacks estimate of $0.55 and down from $0.62 in the prior quarter. The EPS figure included $67 million, or 7 cents a share, of unrealised losses, mostly from marking Robinhood Ventures Fund I to market. Under a new non-GAAP measure, adjusted EPS was $0.60.

Platform initiatives and product moves

Robinhood Chain handled more than $80 billion in DEX volume and generated over $50 million in fees in its first quarter on mainnet; memecoin activity pushed those fees past Solana and BNB Chain by early September. At its September HOOD Summit, the company announced perpetual futures for eligible U.S. customers. Net deposits slowed to $15.7 billion in Q3 from $21.7 billion in Q2.

"October net deposits have already topped $13 billion month-to-date, including $6 billion from the Dell family's contribution to Trump Accounts," said Chief Financial Officer Shiv Verma in the earnings release.

Analysts at Bernstein projected that prediction markets could generate $1.7 billion for Robinhood in 2028, ahead of $1.6 billion from crypto, up from roughly $650 million this year. For more on market structures and operator strategy, see reporting on prediction markets and the HOOD Summit.