Robinhood Reports 15% Revenue Growth to $1.067 Billion in Q1 2026

Robinhood Markets, Inc. reported a 15% increase in total net revenues for the first quarter of 2026, reaching $1.067 billion compared to $927 million in the same period last year. The company's net income attributable to Robinhood rose by 4% to $350 million, up from $336 million, while diluted earnings per share (EPS) increased to $0.38 from $0.37. Operating expenses also saw an 18% rise, totaling $656 million, driven by higher costs in technology, development, and general administrative expenses. Adjusted EBITDA, a non-GAAP measure, increased by 14% to $534 million, reflecting the company's ongoing operational efficiency.

In terms of customer engagement, Robinhood's Funded Customers grew by 1.7 million, or 6%, to 27.4 million, while Investment Accounts increased by 2.1 million, or 8%, to 29.1 million. The company reported a significant 39% increase in Total Platform Assets, which reached $307.3 billion, attributed to continued net deposits and higher equity valuations. Net Deposits for the quarter were $17.7 billion, translating to an annualized growth rate of 22%, a decrease from the previous year's 37% growth rate. Average Revenue Per User (ARPU) also increased by 8% to $157.

Strategically, Robinhood has made notable acquisitions, including TradePMR in February 2025, which enhances its investment advisory capabilities, and Bitstamp in June 2025, a move aimed at expanding its global footprint in cryptocurrency trading. The company also launched Robinhood Strategies, a digital investment advisory service, in March 2025. In April 2026, Robinhood announced its role as broker and trustee for the Trump Accounts, further diversifying its service offerings.

Operationally, Robinhood's employee headcount has increased to support its growth, with total operating expenses reflecting this expansion. The company reported a 50% increase in the provision for credit losses, primarily related to its credit card business, while brokerage-related losses decreased due to reduced fraud activity. The company continues to navigate a complex regulatory environment, with ongoing investigations and litigation related to its trading practices and product offerings.

Looking ahead, Robinhood remains focused on expanding its product offerings and geographic reach, with plans to adapt its services to meet local regulatory requirements. The company anticipates that its primary sources of liquidity will be sufficient to meet its needs over the next 12 months, despite potential challenges posed by fluctuating market conditions and regulatory scrutiny.