Robinhood Markets, Inc. (HOOD) stock — is it a good business?

Robinhood Markets, Inc. (HOOD) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Robinhood Markets's results release of October 27, 2026; its quarterly report has since been filed.

Revenue
Actual
$1.42B
+12% y/y
+8.9% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.51
-16% y/y
-18% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

Cryptocurrency trading30%
Event contracts23%
Equity trading18%
Robinhood Gold subscriptions11%

Shares of revenue are estimates for quarter ended 2026-03-31, not figures from a filing.

Competes with

What it sells6

Robinhood brokerage app
A mobile and web service for trading stocks, exchange-traded funds, options, futures, and event contracts. It also includes features such as fractional-share and scheduled investing.
Robinhood Legend
A customizable desktop trading service for customers who want charts, market information, and trading tools in a browser.
Robinhood Crypto
A service for buying, selling, transferring, and, for selected cryptocurrencies, staking digital currencies.

Show 3 more

Robinhood Wallet
A separate digital wallet in which customers hold the private keys that control their cryptocurrencies.
Robinhood Gold
A paid membership that adds features such as research, higher interest on some cash balances, and certain reduced trading fees.
Robinhood Strategies
A managed investment account service that builds and adjusts portfolios based on a customer's goals, time horizon, and comfort with investment risk.

Who buys it6

Individuals who open and fund brokerage accounts themselves through Robinhood's app or website, including people making their first investments.
Active traders who use tools for options, futures, short selling, and event contracts.
People who buy, sell, or hold cryptocurrencies through Robinhood's trading services or self-custody wallet.

Show 3 more

Customers in the United Kingdom and selected European markets who use Robinhood's locally available brokerage or cryptocurrency services.
Registered investment advisers who use TradePMR's account custody and portfolio-management services for their clients.
The U.S. Department of the Treasury, for whom Robinhood provides technology and account services for Trump Accounts.

What it stands on, and what could break it

What the business leans on

1Trading-related revenue depends in part on customer trading activity, order execution arrangements with market makers and other liquidity providers, and rules affecting payments for order flow.
2Interest revenue is exposed to changes in interest rates and depends partly on customer cash balances and the spread Robinhood earns on cash moved to partner banks.
3Banking and card services rely on partner banks, including Coastal Community Bank, and are subject to the partners' continued participation and regulatory requirements.
4Cryptocurrency services depend on functioning blockchain networks and on relationships with banks, exchanges, market makers, and other service providers.
5Robinhood's apps and technical systems rely in part on Amazon Web Services, mobile operating systems, app stores, and outside vendors.
6The Rothera exchange and clearinghouse is operated through a joint venture with Susquehanna International Group; Robinhood says it does not wholly own or operationally control that venture.

What could go wrong

1Lower trading activity, narrower trading spreads, changes in liquidity-provider relationships, or restrictions on payment for order flow could reduce transaction-based revenue.
2Changing financial-services and cryptocurrency rules, regulatory investigations, or legal challenges could require Robinhood to change or stop products, including event contracts or cryptocurrency services.
3A cyberattack, system interruption, processing error, or failure by an outside service provider could disrupt trading or expose customer data or assets.

Full financial statements →

About Robinhood Markets, Inc.

Robinhood lets customers buy and sell U.S.-listed stocks, exchange-traded funds, options, futures, event contracts, and cryptocurrencies through mobile apps and a desktop service. It also offers retirement accounts, paid membership features, banking and credit-card services, and managed investment accounts. Newer services include accounts for children under the Trump Accounts program and a blockchain network connected to digital versions of some stocks.

Head office: Menlo Park, California
Founded: 2013
Employees: Approximately 2,900 (December 31, 2025, high)
Listed on: Nasdaq
Financial year ends: December 31

Built from Robinhood Markets, Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Robinhood Markets's results release of October 27, 2026; its quarterly report has since been filed.

Revenue
Actual
$1.42B
+12% y/y
+8.9% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.51
-16% y/y
-18% q/q
Guided
—
No guide given

The full earnings report →

Keep exploring

The themes Robinhood Markets is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Capital Markets

Graded A or B and worth $2B or more: A first, then the largest.

All 83 graded companies in its industry

Grade rose recently in Financials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

Cryptocurrency trading30%
Event contracts23%
Equity trading18%
Robinhood Gold subscriptions11%

Shares of revenue are estimates for quarter ended 2026-03-31, not figures from a filing.

Competes with

What it sells6

Robinhood brokerage app
A mobile and web service for trading stocks, exchange-traded funds, options, futures, and event contracts. It also includes features such as fractional-share and scheduled investing.
Robinhood Legend
A customizable desktop trading service for customers who want charts, market information, and trading tools in a browser.
Robinhood Crypto
A service for buying, selling, transferring, and, for selected cryptocurrencies, staking digital currencies.

Show 3 more

Robinhood Wallet
A separate digital wallet in which customers hold the private keys that control their cryptocurrencies.
Robinhood Gold
A paid membership that adds features such as research, higher interest on some cash balances, and certain reduced trading fees.
Robinhood Strategies
A managed investment account service that builds and adjusts portfolios based on a customer's goals, time horizon, and comfort with investment risk.

Who buys it6

Individuals who open and fund brokerage accounts themselves through Robinhood's app or website, including people making their first investments.
Active traders who use tools for options, futures, short selling, and event contracts.
People who buy, sell, or hold cryptocurrencies through Robinhood's trading services or self-custody wallet.

Show 3 more

Customers in the United Kingdom and selected European markets who use Robinhood's locally available brokerage or cryptocurrency services.
Registered investment advisers who use TradePMR's account custody and portfolio-management services for their clients.
The U.S. Department of the Treasury, for whom Robinhood provides technology and account services for Trump Accounts.