Robinhood records 16.4 billion event contracts in Q3
Rothera tops $100m annualised in its first full quarter; crypto and deposits show mixed signals
Key Takeaways
- Robinhood traded a record 16.4 billion event contracts in Q3, more than seven times year‑over‑year.
- Rothera, the joint venture with Susquehanna International Group, exceeded $100 million annualised in its first full quarter.
- Net revenue reached a record $1.42 billion while diluted EPS fell to $0.51 and adjusted EPS was $0.60.
- Event‑contract revenue rose to $173 million; crypto revenue was $120 million, down 55% year‑on‑year.
- Notional crypto volume declined 38% to $50 billion, with Bitstamp handling $29 billion.
Robinhood recorded a record 16.4 billion event contracts in the third quarter, more than seven times the level a year earlier and above 13.6 billion in Q2, the broker reported after market close on 27 October 2026. The prediction-markets exchange Rothera — the joint venture Robinhood launched with Susquehanna International Group in June — exceeded $100 million in annualised revenue in Q3, its first full quarter of operation, becoming the company’s fourteenth business line to reach that scale.
Results and key figures
Total net revenue rose 12% year‑on‑year to a record $1.42 billion, up from $1.31 billion in Q2, and matched Zacks’ projection of $1.42 billion. Diluted earnings per share (EPS) fell 16% to $0.51, below Zacks’ $0.55 estimate and down from $0.62 in the prior quarter. This result included $67 million, or 7 cents per share, of unrealised losses, mostly from a mark‑to‑market update to Robinhood Ventures Fund I. On a non‑GAAP basis, adjusted EPS was $0.60.
Event-contract revenue grew more than sixfold year‑on‑year to $173 million, an 11% increase versus $156 million in Q2, and again outpaced crypto revenue.
Rothera and prediction‑market activity
Rothera accumulated more than 6.4 billion contracts traded since its June launch. Hitting the $100 million annualised mark in Q3 makes Rothera the fourteenth Robinhood business line to reach that revenue scale.
Analysts at Bernstein projected the day before the report that prediction markets could generate $1.7 billion for Robinhood in 2028, versus $1.6 billion from crypto, compared with roughly $650 million estimated for the current year.
Crypto, exchange volumes and deposits
Crypto revenue rose 20% to $120 million, up from $100 million in Q2, but remained 55% below the prior year. Notional crypto trading volume fell 38% year‑on‑year to $50 billion, of which $29 billion was handled by Bitstamp.
Robinhood said lower crypto prices partly offset growth in total platform assets, which increased 19% year‑on‑year to $396 billion. In its first quarter on mainnet, Robinhood Chain handled more than $80 billion in DEX volume and generated over $50 million in fees; memecoin activity pushed its fees above Solana and BNB Chain in early September. At its HOOD Summit in September the company also announced perpetual futures for eligible US customers.
Net deposits slowed to $15.7 billion, down from $21.7 billion in Q2. According to the statement, October net deposits “have already exceeded $13 billion for the month, including $6 billion from the Dell family’s contribution to the Trump Accounts.”
“October net deposits have already exceeded $13 billion month‑to‑date, including $6 billion of the Dell family’s contribution to the Trump Accounts,” said chief financial officer Shiv Verma.
Outlook
The 27 October 2026 report shows event contracts are consolidating as a fast‑growing revenue source for Robinhood, while crypto and deposit indicators display a more mixed near‑term dynamic. For more related coverage see our section of [news](/news).
Frequently Asked Questions
How many event contracts did Robinhood trade in the third quarter?
Robinhood traded 16.4 billion event contracts in Q3, more than seven times the level from the same period a year earlier and above the 13.6 billion traded in Q2.
What is Rothera and how did it perform in its first full quarter?
Rothera is the prediction‑markets exchange launched in June by the joint venture between Robinhood and Susquehanna International Group; it surpassed $100 million in annualised revenue in Q3, its first complete quarter of operation.
How did the crypto business perform in revenue and volumes?
Crypto revenue rose 20% quarter‑on‑quarter to $120 million but was down 55% year‑on‑year; notional crypto trading volume fell 38% year‑on‑year to $50 billion, with Bitstamp handling $29 billion.
What changes did Robinhood report in net deposits and platform assets?
Net deposits slowed to $15.7 billion from $21.7 billion in Q2, while total platform assets increased 19% year‑on‑year to $396 billion; October net deposits had already exceeded $13 billion month‑to‑date.
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About the author
Renata Quiroga
Betting Markets Correspondent
Renata Quiroga covers sports betting and prediction markets — sportsbook launches, odds technology, event contracts, and the regulatory calls that decide what can be bet on and where. The reports open with the product or the ruling, name operators and platforms precisely, and explain the mechanics without needless jargon. When a book enters a Latin American market or a prediction exchange lists a contested contract, Renata Quiroga reports what changes for the bettor.
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