Robinhood Crushes Earnings Estimates as Crypto Trading Income Surges 339%

Robinhood Crypto Revenue Jumps 339% in Q3, Extending Digital Asset Push

November 6, 2025

Robinhood (HOOD) reported another strong quarter driven by explosive growth in its crypto business, with third-quarter digital asset revenue soaring 339% year-over-year to $268 million.

The brokerage processed a record $80 billion in crypto trading volume, reflecting renewed retail participation and broader adoption of digital assets on the platform. Total net revenue rose to $1.27 billion, ahead of analyst estimates of $1.21 billion, while adjusted earnings per share (EPS) came in at $0.61, beating expectations of $0.53.

Despite the earnings beat, shares slipped 2% in after-hours trading, though the stock remains up more than 260% in 2025, giving Robinhood a market capitalization of roughly $126 billion — ahead of Coinbase (COIN), which also posted strong quarterly results last week.

“Q3 was another strong quarter of profitable growth,” said CFO Jason Warnick. “We’ve continued to diversify our business, adding two new lines — Prediction Markets and Bitstamp — that are generating more than $100 million in annualized revenue.”

Warnick said October trading volumes have already set new records across equities, options, prediction markets, and futures, signaling continued momentum into Q4.

The results underscore Robinhood’s deepening shift into crypto and global markets. Its Bitstamp acquisition, completed earlier this year, expanded its regulated exchange operations to more than 50 countries, positioning the firm as a key bridge between retail traders and digital asset infrastructure.