Robinhood Markets (NASDAQ: HOOD) counted 28.6 million funded customers at the end of August 2026, up approximately 1.90 million year-over-year. Total Platform Assets reached $383.7 billion, up 26% year-over-year. The broker reported record quarterly net revenues of $1.31 billion in Q2 2026, up 32% year-over-year. These Robinhood statistics come from the company’s own quarterly results and monthly operating data releases.
In the same quarter, Robinhood Gold Subscribers increased by 1.4 million, or 39%, year-over-year to 4.8 million, and Average Revenue Per User increased 24% to $187. Where Robinhood does not publish a figure, the text says so instead of estimating it.
Key Takeaways
- According to Robinhood’s Q2 2026 results, event contracts revenue reached $156 million, up over 10x, while cryptocurrency revenue fell 38% to $100 million.
- Annual net revenues grew from $1,815 million in 2021 to $4,473 million in 2025, about 2.5 times the 2021 level.
- Gold adoption reached 17%, with approximately 40% of new Funded Customers signing up for Gold in Q2 2026.
- According to Robinhood’s August 2026 operating data, Robinhood App crypto notional volume fell 46% year-over-year to $7.4 billion in August 2026, while equity notional volume rose 68% year-over-year to $335.4 billion.
- Average Revenue Per User rose 24% year-over-year to $187 in Q2 2026.
- Net income was $1.9 billion in 2025, compared with $1.4 billion in 2024, which included a $424 million benefit from the Q4 2024 Tax Benefit and Regulatory Accrual Reversal.
Editor’s Choice
- Q2 2026 net revenues: $1.31 billion.
- Funded customers, August 2026: 28.6 million.
- Robinhood Gold subscribers, Q2 2026: 4.8 million.
- Net deposits, last twelve months to August 2026: $74.1 billion.
- Event contracts traded, Q2 2026: a record 13.6 billion.
- Retirement assets under custody, Q2 2026: a record $34.5 billion.
Robinhood Statistics: Revenue and Net Income by Year
Compiled from 10 Robinhood Markets investor relations releases: quarterly and full-year results, monthly operating data, and an earnings-date notice.
- Source publication dates run from February 2023 to October 2026.
- Only Robinhood’s own disclosures are used, and monthly figures are unaudited and preliminary. Figures are reviewed on a rolling basis and updated when Robinhood publishes new results.
- According to Robinhood’s full-year results, total net revenues rose 52% to $4,473 million in 2025 from $2,951 million in 2024.
- Revenue fell 25% to $1,358 million in 2022 from $1,815 million in 2021, then rose 37% to $1,865 million in 2023.
- The company posted a net loss of $3,687 million in 2021 and a net loss of $541 million in 2023.
- Net income turned positive at $1,411 million in 2024.
- Transaction-based revenues rose 60% in 2025, while net interest revenues rose 37% to $1,514 million.
| Year | Total net revenues ($ millions) | Net income or loss ($ millions) |
|---|---|---|
| 2021 | 1,815 | (3,687) |
| 2022 | 1,358 | (1,028) |
| 2023 | 1,865 | (541) |
| 2024 | 2,951 | 1,411 |
| 2025 | 4,473 | 1,883 |
Source: Robinhood Markets full-year results releases, 2023 to 2026
Costs grew more slowly than sales: Total operating expenses rose 25% to $2,379 million in 2025.
Robinhood Quarterly Revenue
- Q2 2026 total net revenues were $1,308 million, up 32% year-over-year.
- Revenue rose 23% quarter-over-quarter from $1,067 million in Q1 2026.
- The Q3 2025 figure rose 100% from $637 million in Q3 2024.
View the data
Recent Developments
- October 1, 2026: Robinhood said it will release its third quarter 2026 financial results on Tuesday, October 27, 2026, after market close.
- September 10, 2026: August operating data showed Net Deposits of $4.0 billion in August, a 14% annualized growth rate.
- August 12, 2026: July operating data showed Total Platform Assets of $355 billion, down 4% from the end of June 2026.
- July 29, 2026: Q2 results showed diluted EPS up 48% year-over-year to $0.62.
- July 29, 2026: Robinhood said Trump Accounts officially launched on July 4th and reached over 7 million account sign-ups with nearly $1.5 billion deposited to date.
Robinhood Revenue by Business Line
- Net interest revenues increased 9% year-over-year to $389 million in Q2 2026.
- Options revenue of $342 million, up 29%, led transaction-based revenue.
- Transaction-based revenues increased 44% year-over-year to $776 million.
- Other revenues increased 54% year-over-year to $143 million, primarily driven by Trump Account service revenues and increased Robinhood Gold subscription revenues.
- Robinhood said thirteen different business lines have reached $100 million-plus in annualized revenues.
View the data
Key finding: Event contracts revenue of $156 million grew over 10x, while cryptocurrencies revenue fell 38% to $100 million in Q2 2026, according to Robinhood’s results release. Prediction markets now earn more than crypto trading on Robinhood, a reversal of the mix that carried 2025 results.
Cryptocurrency revenue was $268 million, up over 300% in Q3 2025, before falling to $100 million in Q2 2026.
Robinhood Funded Customers
- Funded Customers were 28.6 million at the end of August, up approximately 120,000 from the end of July 2026.
- In Q2 2026, Funded Customers increased by 1.9 million, or 7%, year-over-year to 28.4 million.
- Investment Accounts increased by 2.5 million, or 9%, year-over-year to 29.9 million.
- International Funded Customers surpassed 1 million during the quarter.
- Robinhood does not include Trump Accounts in Funded Customers.
View the data
Customer growth runs well behind asset growth, and the Robinhood vs Schwab comparison shows how far this base trails larger brokers.
How many active users does Robinhood have?
Robinhood reported Monthly Active Users (MAU) of 10.9 million, down 4% year-over-year for Q4 2023. That is the most recent MAU figure in the releases reviewed, so funded customers in August 2026 give the more current view of the user base.
Robinhood Gold Subscribers
- Robinhood Gold Subscribers increased by 1.4 million, or 39%, year-over-year to 4.8 million in Q2 2026.
- Gold subscribers hit a record 4.8 million, up 500,000 sequentially.
- Gold Subscribers reached 4.2 million, up 58% in Q4 2025.
- Gold subscribers increased 25% year-over-year to 1.42 million in Q4 2023.
- Robinhood Gold subscription revenue was $50 million, up 56% in Q4 2025.
View the data
Why it matters: Robinhood said overall adoption rate reached 17%, with approximately 40% of new Funded Customers signing up for Gold in Q2 2026, a quarter in which Other revenues increased 54% year-over-year to $143 million. That makes Gold a core revenue line that does not depend on trading volume.
Robinhood Total Platform Assets
- Total Platform Assets at the end of August were $383.7 billion, up 8% from the end of July 2026.
- In Q2 2026, Total Platform Assets increased 32% year-over-year to $369 billion.
- Total Platform Assets increased 39% year-over-year to $307 billion in Q1 2026.
- Starting in July 2026, Total Platform Assets include Trump Account assets custodied by Robinhood.
- Platform assets per funded customer came to about $13,400 in August 2026.
View the data
Worth noting: Starting in July 2026, Total Platform Assets include Trump Account assets custodied by Robinhood, and Net Deposits include Trump Account contributions. Asset figures from July 2026 onward therefore count a program that the funded customer total leaves out. Robinhood also credits part of its platform asset growth since 2025 to acquired assets, so the per-customer figure above reflects more than customer balances alone.
Robinhood Net Deposits
- Net Deposits were $21.7 billion, an annualized growth rate of 28% in Q2 2026.
- Over the past twelve months, Net Deposits were $75.7 billion at the end of Q2 2026.
- Net Deposits were $5.6 billion in July 2026.
- Net deposit totals include results from Bitstamp starting in June 2025, TradePMR starting in March 2026, and WonderFi starting in June 2026.
View the data
Robinhood Trading Volume
- Equity Notional Trading Volume was $335.4 billion (up 1% from July 2026, up 68% year-over-year) in August.
- Options Contracts Traded were 292.5 million (down 10% from July 2026, up 50% year-over-year).
- In Q2 2026, Equity Notional Trading Volumes increased 85% year-over-year to a record $956 billion.
- Options Contracts Traded increased 50% year-over-year to a record 774 million in Q2 2026.
| Product | August 2026 | July 2026 | August 2025 |
|---|---|---|---|
| Equity notional volume ($ billions) | 335.4 | 332.8 | 199.2 |
| Equity average daily volume ($ billions) | 16.0 | 15.1 | 9.5 |
| Options contracts traded (millions) | 292.5 | 324.2 | 195.5 |
| Crypto notional volume ($ billions) | 17.5 | 10.9 | 28.1 |
Source: Robinhood Markets August 2026 operating data
Equity trading carries most of the retail investing data story on Robinhood: average daily equity volumes were $16.0 billion, up 68% year-over-year in August 2026.
Robinhood Crypto Trading Volume
- Crypto Notional Trading Volumes were $17.5 billion (up 61% from July 2026, down 38% year-over-year) in August.
- Bitstamp Notional Trading Volumes were $10.1 billion (up 53% from July 2026, down 30% year-over-year).
- In Q2 2026, Robinhood App Notional Volumes decreased 35% year-over-year to $18 billion, and Bitstamp Notional Volumes were $22 billion.
View the data
Bitstamp now handles more crypto volume than the Robinhood app, and the crypto exchange volume statistics put both in market context.
Robinhood Prediction Markets and Event Contracts
- Event Contracts Traded were 4.7 billion (down 23% from July 2026, up 15x year-over-year) in August 2026.
- Event Contracts Traded were 6.1 billion (down 5% from June 2026, up 20x year-over-year) in July 2026.
- Robinhood launched Rothera in June, a CFTC-licensed exchange and clearinghouse independently managed through Robinhood’s joint venture with Susquehanna International Group, with over 3.5 billion contracts traded to date.
| Period | Event contracts traded (billions) |
|---|---|
| August 2025 | 0.3 |
| Q2 2026 | 13.6 |
| July 2026 | 6.1 |
| August 2026 | 4.7 |
Source: Robinhood Markets Q2 2026 results release and August 2026 operating data
By the numbers: Robinhood’s event contract average daily volumes were 152 million contracts in August 2026, and event contracts revenue reached $156 million in Q2 2026, when Event Contracts Traded increased over 10x year-over-year to a record 13.6 billion. Prediction markets now bring in more revenue than either equities or crypto trading.
Robinhood Margin and Cash Balances
- Margin balances at the end of August were $21.5 billion (up 4% from the end of July 2026, up 72% year-over-year).
- Cash and Deposit balances at the end of August were $19.6 billion.
- Cash Sweep balances at the end of August were $31.2 billion (up 7% from the end of July 2026, down 9% year-over-year).
- In February 2026, over $6 billion of Cash Sweep balances moved to free credit balances.
View the data
In Q2 2026, Margin Book increased 127% year-over-year to a record $21.6 billion.
Robinhood ARPU
- Average Revenue Per User increased 24% year-over-year to $187 in Q2 2026.
- ARPU increased 8% year-over-year to $157 in Q1 2026.
- ARPU increased by 23% year-over-year to $81 in Q4 2023.
| Quarter | ARPU ($) |
|---|---|
| Q4 2023 | 81 |
| Q3 2025 | 191 |
| Q4 2025 | 191 |
| Q1 2026 | 157 |
| Q2 2026 | 187 |
Source: Robinhood Markets quarterly and full-year results releases, 2024 to 2026
ARPU of $187 in Q2 2026 is about 2.3 times the $81 reported for Q4 2023. The SoFi vs Robinhood data sets this against a bank-led model.
Robinhood Profitability and Expenses
- Net income increased 48% year-over-year to $573 million in Q2 2026.
- That total included $129 million of gains primarily related to the deconsolidation of Robinhood Ventures Fund I.
- Total operating expenses increased 33% year-over-year to $734 million.
- Adjusted EBITDA (non-GAAP) increased 35% year-over-year to $741 million.
- The expense increase included one-time restructuring charges from the reduction in force announced in June 2026.
| Metric | Q2 2025 | Q2 2026 |
|---|---|---|
| Total net revenues ($ millions) | 989 | 1,308 |
| Total operating expenses ($ millions) | 550 | 734 |
| Net income ($ millions) | 386 | 573 |
| Diluted EPS ($) | 0.42 | 0.62 |
Source: Robinhood Markets Q2 2026 results release
The takeaway: Robinhood’s Adjusted EBITDA (non-GAAP) increased 35% year-over-year to $741 million in Q2 2026, while Adjusted Operating Expenses and Share-Based Compensation (“SBC”) (non-GAAP) increased 23% year-over-year to $641 million. GAAP operating expenses grew about as fast as revenue, so the margin gain shows up in the adjusted figures.
Robinhood Product Milestones
- The Robinhood Gold Card crossed 1 million customers with over $17 billion in annualized purchase volume.
- Robinhood Banking had over $3 billion in deposits from over 240,000 Funded Customers in Q2 2026.
- Robinhood Retirement AUC increased 82% year-over-year to a record $34.5 billion.
- Nearly 100,000 customers have opened Agentic Trading accounts, with over $100 million in AUC.
| Product | Metric | Figure |
|---|---|---|
| Robinhood Gold Card | Customers | Over 1 million |
| Robinhood Gold Card | Annualized purchase volume | Over $17 billion |
| Trump Accounts | Account sign-ups | Over 7 million |
| Robinhood Banking | Deposits | Over $3 billion |
| Robinhood Strategies | Funded Customers | Over 300,000 |
| Robinhood Legend | Annualized revenues | Surpassed $100 million |
Source: Robinhood Markets Q2 2026 results release
The Public vs Robinhood numbers show how a smaller rival competes on the same features.
Are people leaving Robinhood?
The company’s own data shows net growth. Funded Customers rose approximately 1.90 million year-over-year to 28.6 million, and Net Deposits were $74.1 billion over the last twelve months to August 2026. Robinhood does not publish a churn rate.
Is Robinhood still worth using?
Usage keeps rising: Active trader engagement reached new records in Q2 across equity, options, and prediction market volumes. In the same quarter, approximately 40% of new Funded Customers signed up for Gold. Whether the app suits a given investor depends on that investor’s needs, and these figures describe usage, not a recommendation.
Conclusion
Robinhood ended August 2026 with 28.6 million funded customers and $383.7 billion in Total Platform Assets, after $4,473 million in 2025 net revenues. Assets, Gold, and ARPU now grow faster than the customer count, and event contracts have overtaken crypto as a revenue line.
The Q3 report on October 27 will show whether August’s crypto rebound carried through the quarter; the Robinhood vs Coinbase figures offer a crypto-first comparison.
