# Robinhood Shares Fall 8.2% Premarket After Q3 Earnings Miss

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/42476
Published: 2026-10-28T08:50:06.000Z
Updated: 2026-10-28T08:50:06.000Z
Section: Investing

> Crypto transaction revenue fell 55% to $120 million. Shares were at $86.84 at 4:35 a.m. ET.

Robinhood Markets shares traded at $86.84, down 8.16% from Tuesday’s regular-session close, in premarket trading at 4:35 a.m. ET (08:35 UTC) Wednesday after its third-quarter results showed lower profit and a steep drop in crypto revenue.

The stock had closed at $94.56 on Oct. 27. Robinhood released results after the market close for the quarter ended Sept. 30.

Net revenue increased 12% year over year to $1.424 billion, but net income declined 14% to $476 million. Diluted earnings per share fell 16% to $0.51, below the $0.55 analyst estimate.

Crypto transaction revenue dropped 55% to $120 million, while crypto notional trading volume fell 38% to $50 billion. Volume on the Robinhood app was $21 billion, down 48%, and Bitstamp volume was $29 billion, down 28%.

Event-contract revenue grew to $173 million, more than sixfold from a year earlier, while options revenue rose 31% to $399 million. Robinhood’s results also included $67 million in unrealized losses, primarily tied to mark-to-market changes in Robinhood Ventures Fund I, reducing diluted earnings per share by $0.07.