Robinhood Reports 339% Surge in Q3 Crypto Revenue as Digital Asset Expansion Accelerates

Robinhood (NASDAQ: HOOD) delivered impressive third-quarter results, highlighting a major leap in its cryptocurrency trading business. The trading platform reported a 339% year-over-year increase in crypto trading revenue, signaling continued momentum as it strengthens its position in global digital asset markets.

The company processed an astounding $80 billion in crypto trading volume during the quarter, generating $268 million in crypto-related revenue — a sharp rise from $61 million in the same period last year. Total net revenue climbed to $1.27 billion, surpassing Wall Street expectations of $1.21 billion. Adjusted earnings per share (EPS) came in at $0.61, beating estimates of $0.53, underscoring robust profitability and user engagement growth.

Despite posting strong results, Robinhood’s stock slipped 2% in after-hours trading but remains up an impressive 260% year-to-date. The company’s current market capitalization stands at approximately $126 billion, placing it ahead of competitors like Coinbase (NASDAQ: COIN), which also reported solid earnings last week.

CFO Jason Warnick emphasized the company’s continued diversification, noting the addition of two new business lines — Prediction Markets and Bitstamp — each generating more than $100 million in annualized revenue. “Q3 was another strong quarter of profitable growth,” Warnick stated. “And Q4 is off to a strong start with record trading volumes across equities, options, prediction markets, and futures.”

Robinhood’s acquisition of Bitstamp earlier this year expanded its global reach, allowing it to operate in over 50 countries with a stronger regulatory foundation. This move, coupled with record user activity and increased interest in digital assets, positions Robinhood as a key player in the evolving crypto trading landscape.