The release of Robinhood’s Q4 results could shed light on Coinbase’s upcoming financial performance.

Robinhood’s Q4 Crypto Revenue Soars Ahead of Coinbase’s Earnings Report

Robinhood (HOOD) is expected to show a remarkable 440% increase in its crypto trading revenue for the fourth quarter of 2024, reaching $345.5 million, driven by a surge in user activity before and after the November election of Donald Trump, according to analysts. The spike in crypto engagement has helped push the app’s trading revenue to new heights, with a projected overall revenue of $934.9 million for the quarter, a significant rise from the $660.5 million reported the previous quarter.

Robinhood’s earnings-per-share are also forecast to jump to $0.41, a notable increase from the $0.18 seen in the prior quarter. The app’s success in crypto trading has spurred a 350% increase in its stock price over the past year, with shares up by 37% just in the first six weeks of 2025.

The rise in Robinhood’s crypto volumes, which reached $69 billion through December 27, is seen as a valuable predictor for Coinbase’s (COIN) upcoming fourth-quarter earnings, which are set to be announced on Thursday. Barclays analyst Benjamin Buddish expects Coinbase to report a substantial $108 billion in retail trading volume, based on Robinhood’s impressive performance.

Coinbase’s revenue for Q4 is projected to hit $1.8 billion, with earnings-per-share estimated to be $1.99, a sharp increase from $0.41 the previous quarter. Investors will be watching closely to see if Coinbase’s results mirror Robinhood’s strong performance, as shares of COIN have increased by 90% in the past year, now trading at $269.88. Robinhood’s shares, meanwhile, have skyrocketed 370%, currently priced at $54.33.