Robinhood Sees Shift to Equities as Crypto Revenue Declines

Robinhood Markets Inc. reported a solid start to 2026, with revenue growth despite a sharp decline in crypto trading activity. The company's Q1 revenue reached $1.07 billion, up 15% from the same period last year, while net income edged up 3% to $346 million.

The results highlighted a shift towards equities and interest income as key drivers of growth, with transaction-based revenue rising 7% to $623 million. Equities revenue jumped 46% to $82 million, while options brought in $260 million, up 8%. Event contracts contributed $147 million in revenue.

Robinhood's focus is shifting towards expanding its ecosystem beyond trading, including the launch of AI-driven tools under its Cortex platform and a social trading feature. The company also rolled out new banking and wealth offerings, with its premium Gold subscription reaching 4.3 million users, up 36% from last year.

International growth is becoming a focus for Robinhood, with the company securing preliminary regulatory approval in Singapore and launching a test network for its Ethereum-based layer-2 blockchain.