Robinhood's crypto revenue is $120 million in Q3, down 55% from a year ago, as prediction markets bring in $173 million

Published Tue, 27 Oct 2026 20:32:21 UTC · Updated Tue, 27 Oct 2026 22:05:00 UTC · Edited by Bizzle · AI-assisted

⚪NeutralCrypto revenue beat estimates and grew from the prior quarter, but it is down 55% from a year ago and shrinking as a share of Robinhood's business, and the report is not tied to a single coin.News sentiment, not financial advice. It reflects the likely impact of this news, not a price prediction.

Summary

Robinhood reported third-quarter crypto revenue of $120 million on Tuesday, down 55% from a year earlier but up from $100 million in the second quarter and ahead of analysts' $114.1 million estimate, according to CoinDesk, Decrypt and The Block.

Total revenue rose 12% to a record $1.42 billion, just under the roughly $1.43 billion expected, and earnings of $0.51 a share missed the $0.55 consensus; shares fell about 5% after hours, the outlets reported.

Event contracts, Robinhood's prediction markets, brought in $173 million, more than six times the year-earlier figure and again ahead of crypto.

The Block said $26 million of crypto revenue came from Robinhood Chain in its first quarter on mainnet, and that excluding it, crypto transaction revenue fell 6% from the second quarter to $94 million.

The outlets framed volume differently: CoinDesk said crypto trading volume fell 38% from a year earlier to $50 billion, while The Block said it rose 23% from the second quarter to $49.8 billion.

Key facts

Crypto made up 8.4% of total revenue, down from roughly 21% a year earlier, CoinDesk reported. (CoinDesk)
Of the quarter's crypto volume, about $21 billion came through the Robinhood app and $29 billion through Bitstamp, per CoinDesk and Decrypt; The Block gave $20.6 billion and $29.2 billion. (CoinDesk)
Robinhood said Robinhood Chain processed more than $80 billion in DEX volume and generated over $50 million in chain fees in the quarter; CoinDesk noted chain fees are not the same as reported revenue. (CoinDesk)
Customers traded a record 16.4 billion event contracts, more than seven times a year earlier, Decrypt reported; The Block said $28 million of event-contract revenue came from Rothera, Robinhood's joint exchange with Susquehanna. (Decrypt)
Net income fell 14% to $476 million and included a $67 million unrealized loss on Robinhood Ventures Fund I, Decrypt said. (Decrypt)
Robinhood trimmed the top of its 2026 adjusted operating expense and stock-based pay outlook to $2.675 billion to $2.75 billion, from up to $2.775 billion, Decrypt reported. (Decrypt)
Year-to-date stock figures differ by timing: Decrypt said shares were down roughly 18% at Tuesday's close of about $94.61, while The Block said the after-hours drop to $89.22 left them down about 22%. (The Block)