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EVENT / TOPICHistorical

Robinhood Q3 2026 Earnings Miss Driven by Crypto Revenue Drop, Prediction Markets Surge

9 reports5 sources10/31/2026 updated

Current overview (not historical)

AI overview

Robinhood reported Q3 2026 earnings that missed analyst expectations, reporting earnings of 51 cents per share against a forecast of 56 cents, causing shares to drop nearly 4% in after-hours trading. While crypto trading revenue plummeted 55% year-over-year to $120 million, the company's prediction market betting segment surged, generating $173 million and surpassing crypto to become the platform's second-largest revenue source. Notably, Robinhood Chain, the platform's native blockchain, contributed its first quarterly revenue of $26 million. The mixed results highlight a strategic shift toward prediction markets as crypto performance weakens.

Written with AI from the reporting · updated 10/31/2026

Expand the detailed fact route and sources

Story route

A station-by-station route from the first public evidence onward; every station carries its own evidence and uncertainty.

  1. 1Unclassified fact stationOct 27, 00:00recorded Oct 25, 22:26single source

    Robinhood Q3 2026 earnings report

    Read original source ↗ BeInCryptoReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Robinhood
    Action:
    reporting after market close
    Object:
    EPS $0.56, Revenue $1.41 billion
    Occurred (fact side):
    Oct 27, 00:00
    BeInCrypto ↗Report pageOriginal / first version
    Published (valid side):
    Oct 25, 21:57
    First seen (known side):
    Oct 25, 22:26
    Fact stationSingle source · one-sided claim

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  2. 2Unclassified fact stationOct 27, 00:00recorded Oct 28, 04:34single sourcerevised

    Robinhood crypto revenue fell 55% YoY to $120 million in Q3

    Read original source ↗ CoinDeskReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Robinhood
    Action:
    reported crypto trading revenue
    Object:
    $120 million
    Occurred (fact side):
    Oct 27, 00:00
    CoinDesk ↗Report pageRevision 2 · currently revised
    Published (valid side):
    Oct 28, 04:32
    First seen (known side):
    Oct 28, 04:34
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  3. 3Unclassified fact stationOct 27, 00:00recorded Oct 28, 04:44single source

    Robinhood Q3 2026 股价下跌

    Read original source ↗ BeInCryptoReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Robinhood
    Action:
    股价下跌
    Object:
    交易应用股份
    Occurred (fact side):
    Oct 27, 00:00
    BeInCrypto ↗Report pageOriginal / first version
    Published (valid side):
    Oct 28, 04:14
    First seen (known side):
    Oct 28, 04:44
    Fact stationSingle source · one-sided claim

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  4. 4Unclassified fact stationOct 27, 00:00recorded Oct 28, 05:12single source

    Robinhood Chain brings in $26 million as crypto revenue rise

    Read original source ↗ The BlockReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Robinhood
    Action:
    launches Robinhood Chain
    Object:
    Robinhood Chain
    Occurred (fact side):
    Oct 27, 00:00
    The Block ↗Report pageOriginal / first version
    Published (valid side):
    Oct 28, 04:55
    First seen (known side):
    Oct 28, 05:12
    Fact stationSingle source · one-sided claim

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  5. 5Unclassified fact stationOct 28, 00:00recorded Oct 28, 05:18single sourcerevised

    Robinhood Q3 2026 earnings miss expectations

    Read original source ↗ DecryptReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Robinhood
    Action:
    reported third-quarter revenue of $1.42 billion
    Object:
    revenue below expectations
    Occurred (fact side):
    Oct 28, 00:00
    Decrypt ↗Report pageRevision 2 · currently revised
    Published (valid side):
    Oct 28, 04:42
    First seen (known side):
    Oct 28, 05:18
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  6. 6Unclassified fact stationOct 28, 00:00recorded Oct 28, 20:44single sourcerevised

    Robinhood crypto revenue fell 55% in Q3 2026

    Read original source ↗ CryptoSlateReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Robinhood
    Action:
    reported crypto revenue
    Object:
    $120 million for Q3 2026
    Occurred (fact side):
    Oct 28, 00:00
    CryptoSlate ↗Report pageRevision 2 · currently revised
    Published (valid side):
    Oct 28, 20:20
    First seen (known side):
    Oct 28, 20:44
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  7. 7Unclassified fact stationOct 28, 00:00recorded Oct 29, 01:34single source

    Coinbase earnings report amid Wall Street debate on trading

    Read original source ↗ CoinDeskReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Coinbase
    Action:
    reported earnings
    Object:
    trading rebound following Robinhood crypto revenue drop
    Occurred (fact side):
    Oct 28, 00:00
    CoinDesk ↗Report pageOriginal / first version
    Published (valid side):
    Oct 29, 01:02
    First seen (known side):
    Oct 29, 01:34
    Fact stationSingle source · one-sided claim

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  8. 8Unclassified fact stationOct 29, 00:00recorded Oct 29, 05:16single sourcerevised

    Robinhood第三季度营收1.4亿美元,预测市场收入增长44%

    Read original source ↗ CryptoSlateReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Robinhood
    Action:
    发布第三季度财报
    Object:
    公司整体营收与预测市场业务
    Occurred (fact side):
    Oct 29, 00:00
    CryptoSlate ↗Report pageRevision 2 · currently revised
    Published (valid side):
    Oct 29, 04:50
    First seen (known side):
    Oct 29, 05:16
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

  9. 9Unclassified fact stationOct 31, 00:00recorded Oct 31, 21:12single sourcerevised

    Robinhood第三季度事件合约收入1.73亿美元

    Read original source ↗ CryptoSlateReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject:
    Robinhood
    Action:
    公布第三季度业绩
    Object:
    事件合约
    Occurred (fact side):
    Oct 31, 00:00
    CryptoSlate ↗Report pageRevision 2 · currently revised
    Published (valid side):
    Oct 31, 21:00
    First seen (known side):
    Oct 31, 21:12
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

Uncertainty marks flag where to check the sources; they are not proven causation.

Report timeline

Explore every side through dated source reports.

Oct 31
  1. CryptoSlateRelated fact: single sourceSource report revised
    Robinhood’s Prediction Markets Generate $173 Million in Q3, Outpacing Crypto Trading

    Report first recorded Oct 31, 21:12

    Robinhood reported that event‑contract revenue reached $173 million in the third quarter of 2026, compared with $120 million from cryptocurrency trading. This marks the first time the platform’s prediction‑market business has eclipsed its crypto revenue, which fell 55% year‑on‑year. Across the first nine months of 2026, Robinhood earned $433 million from prediction contracts, a 66% quarterly increase from Q1 to Q3. The event‑contract revenue accounted for 12.1% of the company’s total net revenue of $1.424 billion in Q3. Coinbase, meanwhile, disclosed that its prediction‑market segment achieved an annualized net revenue of over $200 million, with 82% compound quarterly growth since launch. Gemini’s prediction‑market revenue was modest, at $524,000 for Q2 (1.2% of total revenue). These figures illustrate how prediction markets are becoming a significant, less volatile revenue stream for crypto platforms amid declining crypto trading income.

    Read original source ↗
Oct 29
  1. CryptoSlateRelated fact: single sourceSource report revised
    Robinhood Reports $1.4 B Revenue, $476 M Net Income as Crypto Revenue Falls 55% YoY

    Report first recorded Oct 29, 05:16

    Robinhood’s Q3 2024 earnings show total net revenue of $1.4 billion, up 12% year‑over‑year, driven by a surge in event‑contract (prediction market) revenue to $173 million—six‑fold higher than the $27 million in Q2 and surpassing crypto revenue of $120 million. Crypto revenue rose 20% quarter‑on‑quarter but fell 55% YoY, while event‑contract trading hit a record 16.4 billion contracts, up more than seven times the prior year. Net income dropped 14% YoY to $476 million, partly due to $67 million of unrealized losses tied to Robinhood Ventures Fund I. The company’s CFTC‑registered prediction‑market expansion faces potential state‑level enforcement, as the CFTC filed a lawsuit against Utah and other states to block such restrictions. Meanwhile, crypto notional volume declined 38% YoY to $50 billion, with the Robinhood app’s share down 48% and Bitstamp down 28%. The results highlight a shift in Robinhood’s revenue mix toward event contracts, the regulatory uncertainty surrounding prediction markets, and the continued volatility of crypto trading volumes.

    Read original source ↗
  2. CoinDeskRelated fact: single source
    Coinbase faces key earnings test as analysts debate trading rebound strength

    Report first recorded Oct 29, 01:34

    Coinbase is set to report earnings this week, with analysts divided on the strength of its trading rebound. The debate follows a sharp 55% year-over-year drop in Robinhood's crypto revenue, which highlights the sector's current challenges. Market attention is focused on whether Coinbase can demonstrate resilience against weak peer performance.

    Read original source ↗
Oct 28
  1. CryptoSlateRelated fact: single sourceSource report revised
    Robinhood's crypto revenue drops 55% as prediction markets and blockchain surge ahead

    Report first recorded Oct 28, 20:44

    Robinhood reported $120 million in cryptocurrency revenue for Q3, a 55% decline from the prior year, with trading volumes falling 38% year-over-year to $49.8 billion. However, the company's new Ethereum Layer 2 network, Robinhood Chain, generated over $50 million in transaction fees and contributed $26 million to crypto revenue, offsetting the decline. Meanwhile, prediction-market revenue surged more than sixfold year-over-year to $173 million, surpassing crypto as the platform's second-largest transaction-based revenue source.

    Read original source ↗
  2. The BlockRelated fact: single source
    Robinhood's blockchain unit generated $26 million in crypto revenue as overall crypto revenue rose 20% to $173 million in Q3

    Report first recorded Oct 28, 05:12

    Robinhood's blockchain unit, Robinhood Chain, generated $26 million in crypto revenue in Q3, contributing to a 20% increase in the company's total crypto revenue to $173 million. The growth was driven by a $173 million contribution from prediction markets.

    Read original source ↗
  3. DecryptRelated fact: single sourceSource report revised
    Robinhood reports record Q3 revenue of $1.42 billion, misses earnings estimates

    Report first recorded Oct 28, 05:18

    Robinhood reported third-quarter revenue of $1.42 billion, slightly below the $1.43 billion expected, and earnings of $0.51 per share, missing the $0.55 estimate. Crypto revenue fell 55% year-over-year to $120 million, while event contracts revenue rose to $173 million from $156 million in the prior quarter. The company trimmed 2026 cost guidance to $2.675-$2.75 billion. Shares slipped in after-hours trading.

    Read original source ↗
  4. CoinDeskRelated fact: single sourceSource report revised
    Robinhood's crypto revenue drops 55% year-over-year to $120 million in Q3

    Report first recorded Oct 28, 04:34

    Robinhood reported a 55% year-over-year decline in crypto trading revenue to $120 million in the third quarter, representing 8.4% of total revenue. The figure topped Street forecasts of $114.1 million. Total crypto trading volume fell 38% to $50 billion, while overall company revenue rose 12% to $1.424 billion. The company also reported that its Robinhood Chain blockchain processed over $80 billion in decentralized exchange trading volume and generated over $50 million in fees during its first quarter on mainnet.

    Read original source ↗
  5. BeInCryptoRelated fact: single source
    Robinhood shares fall after Q3 earnings miss, crypto revenue beat insufficient to stem decline

    Report first recorded Oct 28, 04:44

    Robinhood (HOOD) shares fell nearly 4% in after-hours trading on Tuesday after the company reported 51 cents per share in Q3, missing the 56-cent analyst estimate. While crypto revenue beat expectations at $120 million, it was 55% lower than a year earlier as crypto trading volume fell 38% to $50 billion. Net income dropped 14% to $476 million, and a $67 million paper loss on Robinhood Ventures Fund I wiped about 7 cents from the per-share result.

    Read original source ↗
Oct 25
  1. BeInCryptoRelated fact: single source
    Robinhood posts Q3 profit, Coinbase expected to report loss, Strategy shows Bitcoin gains

    Report first recorded Oct 25, 22:26

    Robinhood reports Q3 earnings on October 27, with analysts expecting $0.56 EPS and $1.41 billion revenue. Coinbase follows on October 29, forecasted to post a loss of $0.18 per share. Strategy reports a $20.91 billion unrealized gain on its Bitcoin holdings. Robinhood shares have fallen after five of its last six earnings beats, while Coinbase shares rose after profit misses in February and May despite analyst expectations of losses.

    Read original source ↗

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35Oct 28, 21:00
24h change
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