NASDAQ$HOOD

Robinhood Markets Inc. · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Robinhood reported Q3 2025 total net revenues of $637M with net income of $150M and diluted EPS of $0.17.

Total net revenues rose to $637 million from $1.27 billion a year ago on a different seasonal mix; net income was $150 million with diluted EPS of $0.17. Assets under custody, net deposits, and trading activity expanded as crypto and equities engagement remained strong.

  • Q3 total net revenues $637M.
  • Net income $150M; diluted EPS $0.17.
  • Gold subscribers and crypto volumes supported engagement.
  • Net interest revenue benefited from higher balances.

Headline financials

Total Revenue

$1.27B

Previous: $637M+100.0%
EPS (adj)

$0.17

Previous: $0.17+0.0%
Funded Customers

26.8M

Previous: 24.3M+10.3%
Investment Accounts

27.9M

Previous: 25.1M+11.2%
Total Platform Assets

$333B

No prior period
Net Deposits

$20.4B

No prior period
Gold Subscribers

3.9M

Previous: 2.2M+77.3%
ARPU

$191.00

No prior period
Retirement AUC

$24.2B

No prior period
Cash Sweep

$35.4B

No prior period
Margin Book

$13.9B

No prior period
Equity Notional Volume

$647B

No prior period
Options Contracts

610.0M

No prior period
RH App Crypto Volume

$40B

No prior period
Bitstamp Crypto Volume

$40B

No prior period
Free Cash Flow

$556M

Previous: $150M+270.7%
Net Income

$556M

Previous: $150M+270.7%
Operating Income

$635M

Previous: $151M+320.5%
Gross Profit

$1.27B

Previous: $637M+100.0%

Revenue & EPS history

Robinhood · Revenue · Quarterly

$1.27B

Q3 2025+100%vs Q3 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Robinhood · $282M total across 2 segments · Q3 2023

  • Net interest
    $251M+96.1%
  • Other revenue
    $31M+24.0%

Forward guidance

Platform growth outlook depends on user engagement, monetization, and macro trading activity.

Tailwinds

  • User growth and subscription mix.
  • Product innovation and ad monetization.
  • Capital returns or balance-sheet strength.

Headwinds

  • Regulatory and competitive pressure.
  • Macro sensitivity of trading and ad spend.
  • Rate and crypto volatility.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-1.4%

Avg return

Earnings day

-2.8%

Avg return

5 days after

+1.9%

Avg return

30 days after

36%

9 / 25 earnings

Positive

+14.1%

Q4 2024

Best reaction

-16.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-6.7%+14.9%
Q4 2025+0.0%-26.9%-20.8%
Q3 2025-8.8%-7.4%-7.4%
Q2 2025-2.9%-0.6%-2.0%
Q1 2025-5.1%-0.9%+34.7%
Q4 2024+14.1%+2.3%-9.7%
Q3 2024-16.2%-13.2%+33.9%
Q2 2024+3.0%+7.7%+10.1%
Q1 2024-3.8%-6.1%+23.3%
Q4 2023+11.4%-4.1%+50.6%
Q3 2023-12.8%-14.2%+19.7%
Q2 2023-10.3%-11.9%-13.7%
Q1 2023+5.9%-5.0%+3.3%
Q4 2022-4.5%+5.8%-5.2%
Q3 2022+3.4%+0.9%-16.2%
Q2 2022+14.0%+15.0%+6.5%
Q1 2021-10.5%-23.2%-13.6%
Q1 2022+3.1%+6.2%+9.1%
Q4 2019+6.9%+8.4%+14.1%
Q4 2021+2.6%+18.0%-6.4%
Q3 2020-1.7%+4.4%-21.3%
Q3 2021-9.2%-10.4%-28.3%
Q2 2020-4.2%-3.0%-9.2%
Q2 2021-4.2%-3.0%-9.2%
Q4 2020-4.2%-3.0%-9.2%
Q3 2019
Q2 2019
Q1 2019

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