Robinhood revenues tick up 9% to record $1.42 billion in Q3 2026, profits fall

Robinhood reported a weaker-than-expected third-quarter profit on Tuesday as declining interest income and rising expenses weighed on the online brokerage despite record trading activity in stocks, options and prediction markets. The company reported net income of $476 million, down 14% from a year earlier, while its diluted earnings per share fell 16% to $0.51. Revenue rose 12% to $1.42 billion. Analysts had expected earnings of $0.57 per share and revenue of $1.43 billion, according to data compiled by Bloomberg. Robinhood shares fell 4% in after hours trading.