Robinhood earnings: what to watch
Robinhood’s next results are scheduled for October 27, 2026. Watch whether profit is driven by ordinary customer activity.
What has Robinhood guided for 2026?
Robinhood’s weighted price could be $89.10 in October 2027 and $93.60 in October 2029, below today’s price, if operating growth, product economics and legal access hold. Management’s guidance in force covers Adjusted Operating Expenses and SBC for the year to December 2026. It is $2.675–$2.775 billion and was issued July 29, 2026. The range includes Rothera and WonderFi but excludes credit-loss provisions and certain regulatory matters.
| The period guided | Low | High | The date it was given | |
|---|---|---|---|---|
| Adjusted Operating Expenses and SBC | Year to Dec 2026 | 2.675 | 2.775 | Jul 29, 2026 |
Did Robinhood keep its past promises?
Management has also delivered meaningful growth. In February 2025 it expected another year of double-digit revenue growth, and revenue ultimately grew 52%. Its original adjusted expense outlook was US$2.0–2.1 billion; the outcome was US$2.27 billion. The comparison must account for the later addition of acquisition costs and the exclusion of TradePMR from the original plan.
What have Robinhood’s last eight quarters shown?
Revenue rose from $989 million in June 2025 to $1,308 million in June 2026. That was 32.3% growth. Operating income rose from $439 million to $574 million, showing that the platform continued to expand.
Net income rose from $386 million to $561 million. Diluted EPS rose from $0.42 to $0.62, but $0.14 of that EPS came from investment gains.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,308 | 1,067 | 1,283 | 1,274 | 989 | 927 | 1,014 | 637 |
| Operating income | 574 | 411 | 650 | 635 | 439 | 370 | 556 | 151 |
| Net income | 561 | 350 | 605 | 556 | 386 | 336 | 916 | 150 |
| EPS, diluted | 0.62 | 0.38 | 0.66 | 0.61 | 0.42 | 0.37 | 1.01 | 0.17 |
| = Free cash flow | 696 | 2,020 | -950 | -1,588 | 3,491 | 631 | -1,415 | 1,793 |
What should Robinhood watchers look for next?
The next results release is scheduled for October 27, 2026, after market close, followed by the earnings call at 5 p.m. Eastern. Investors should look for three things together: contributions from the acquired operations, adherence to the expense outlook and profit driven by ordinary customer activity. Strong revenue paired with widening excluded expenses would tell a different story from strong revenue with controlled total costs.