Robinhood Markets 8-K, filed Jul 29, 2026

Summary

Robinhood Markets reported record second-quarter 2026 net revenue of $1.31 billion, up 32% year over year, and net income of $573 million, up 48%, with diluted EPS of $0.62 including $0.14 of gains mostly from the deconsolidation of Robinhood Ventures Fund I. The company said the federal Trump Accounts program, launched July 4, had drawn over 7 million signups and nearly $1.5 billion in deposits, and that it is lowering and tightening its 2026 outlook for adjusted operating expenses and share-based compensation.

Key points

• Net deposits were a record $21.7 billion, Robinhood Gold subscribers rose 39% year over year to 4.8 million, Funded Customers rose 7% to 28.4 million, and Total Platform Assets increased 32% to $369 billion.
• Transaction-based revenue rose 44% to $776 million, driven by event contracts revenue of $156 million (up over 10x), options revenue of $342 million (up 29%) and equities revenue of $129 million (up 95%), partly offset by cryptocurrency revenue of $100 million (down 38%).
• Robinhood said Rothera, its CFTC-licensed exchange and clearinghouse run through a joint venture with Susquehanna International Group, has traded over 3.5 billion contracts, and that its credit card business passed $100 million in annualized revenue with over 1 million Gold Card customers.
• The company closed its acquisition of Canada's WonderFi, and Robinhood Singapore received a capital markets services license from the Monetary Authority of Singapore on July 1.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.