Robinhood Q2 Market Revenue Surges 44% to $776M, Outpacing Crypto and Stock Trading

Robinhood's Q2 market revenue hits $776M, up 44% YoY, driven by $156M in event contracts. Total net revenue rises 32% to $1.31B, with crypto trading volume at $40B.

Woofun AI reports that Robinhood projects second-quarter market revenue of $776 million, representing a 44% year-on-year increase. This figure exceeds combined earnings from cryptocurrency and stock trading segments. Event-based contracts contributed $156 million to the total, while cryptocurrency trading generated $100 million, a 38% decline year-on-year, and stock trading yielded $129 million. The company recorded total net revenue of $1.31 billion, up 32% year-on-year, alongside a net profit of $573 million, reflecting a 48% annual growth. Total nominal cryptocurrency trading volume, inclusive of Bitstamp operations, amounted to $40 billion.