The company’s net income came in at $573 million—or $0.62 per share—versus $386 million and $0.42 per share a year ago. Platform assets grew to $369 billion from $307 billion, quarterly net deposits increased to $21.7 billion from $17.7 billion, and Robinhood Gold subscribers rose to 4.8 million from 4.3 million.
"We hit all-time highs in trading volumes across equities, options, and prediction markets," CEO Vlad Tenev said on X.
Transaction-based revenues rose 44% to $776 million, but the engine behind that number has shifted. Event contracts—prediction markets where users buy and sell contracts on real-world outcomes, from Fed rate decisions to FIFA World Cup matches—generated $156 million, up more than 10x year-over-year. Options added $342 million, up 29%, and equities $129 million, up 95%.
Two new products, though, headlined the call. "Two new launches I'd like to highlight. One, Rothera, our new prediction markets exchange and joint venture. And two, the first version of agentic trading with equities, options, and soon crypto on Robinhood available to your AI agents," Tenev said.
Rothera is a CFTC-licensed prediction markets exchange Robinhood runs as a joint venture with Susquehanna International Group, a major quantitative trading firm. It has processed over 3.5 billion contracts since going live in late May. Agentic trading—software that executes trades on a user's behalf automatically, without requiring manual input per transaction—launched May 27 and already counts nearly 100,000 accounts.
Net deposits hit a record $21.7 billion. Gold subscribers reached a record 4.8 million. The Gold Card crossed 1 million cardholders with $17 billion in annualized purchase volume. Thirteen Robinhood business lines now each generate over $100 million annually.
