Robinhood Stock Earnings Reports

Robinhood reported a solid Q1 2026 with broad product momentum, continued customer asset inflows and disciplined cost management. Key financials: total net revenue up 15% y/y to ~$1.07B, net deposits of $18B in Q1 (20%+ annualized growth), 50% adjusted EBITDA margins, and Gold subscribers at a record 4.3M (36% y/y; 16% attach rate). Product and strategic highlights: Robinhood will be the broker and sole initial trustee for the U.S. “Trump Accounts” program (partnering with BNY), expects to launch a world-class dividend tracker and to ship multiple AI-driven features (including agentic capabilities in Robinhood Cortex) in the near term. Active trader products saw record engagement (prediction markets, futures, index options, shorting, margin); Robinhood is launching its own prediction markets exchange (Rothera) via a JV with Susquehanna. Wallet expansion continues: Robinhood Banking grew 5x since last earnings with >$2B net deposits and a 40% direct-deposit attach rate; Gold credit cards surpassed 800k users (APV $15B) and Platinum demand is strong. International progress: approaching 1M funded customers, crypto launch in Canada midyear, in-principle approval in Singapore, and Bitstamp gaining institutional share. Capital allocation: >$300M of share repurchases year-to-date and a refreshed $1.5B buyback authorization; share count expected roughly flat this quarter. Guidance / costs: management is investing an incremental ~$100M (about half in Q2) to build Trump Accounts (contracted on a cost-plus basis; revenues expected to exceed costs) and raised full-year adjusted OpEx & SBC range by that amount to $2.7B–$2.825B. Business posture: management is aggressively integrating AI internally (90%+ employee adoption) and externally (Cortex ~1M users), pursuing top-of-funnel customer growth in addition to deepening wallet share, and expects product-driven market-share gains across trading, crypto, institutional services and tokenization initiatives.