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Sep 30
Robinhood Q3 2025 Earnings Report
Robinhood posted record revenue and profits in Q3 2025 driven by strong growth in crypto, options, and equities trading.
Key Takeaways
Robinhood delivered a standout Q3 2025 with total net revenue doubling year-over-year to $1.27 billion and net income soaring to $556 million. Growth was fueled by increased trading activity, especially in crypto and options, alongside higher interest-based income and subscription growth.
Revenue reached a record $1.27 billion, up 100% YoY.
Net income rose to $556 million, a 271% increase YoY.
Crypto, options, and equities trading revenues saw substantial growth.
Robinhood now operates 11 business lines generating ~$100M+ in annualized revenue each.
Robinhood
Robinhood
Robinhood Revenue by Segment
Revenue by Segment
Transaction Revenue
CapyFin.comCrypto Revenue
CapyFin.comOptions Revenue
CapyFin.comEquities Revenue
CapyFin.comNet Interest Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Robinhood expects continued growth, driven by new business lines, international expansion, and elevated trading volumes. However, it warns of increased costs due to growth investments and regulatory complexity.
Positive Outlook
- Strong October start with record monthly trading volumes
- New revenue streams from Prediction Markets and Bitstamp
- Growing international presence in UK and EU
- Higher margin balances and increased ARPU
- Expansion of Robinhood Ventures and advisory services
Challenges Ahead
- Full-year adjusted operating expenses expected to exceed prior outlook
- Increased employee bonus accruals and stock-based compensation costs
- Additional investments in new business lines may increase short-term expenses
- Potential regulatory and acquisition-related costs not yet factored in
- Uncertainty around macroeconomic conditions and interest rate environment