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Robinhood’s Crypto Trading Revenue Soared 339% in Q3 as Company Tops Street Earnings Estimates
The brokerage platform saw a record $80B in crypto trading volume; shares dipped in after hours action despite the earnings beat.
Nov 5, 2025, 9:24 p.m.
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What to know:
- Robinhood’s crypto trading revenue surged over 300% in the third quarter, hitting $268M.
- The company processed $80B in crypto volume and added new business lines like prediction markets and Bitstamp.
- Shares are lower despite the earnings beat, but remain sharply higher for the year.
Robinhood (HOOD) on Wednesday reported a 339% year-over-year increase in third-quarter crypto trading revenue, extending momentum from earlier this year as the trading app leans deeper into digital assets and global markets.
The company handled $80 billion in crypto trading volume during the quarter, posting $268 million in crypto-related revenue, up from $61 million in the same quarter last year. Adjusted earnings per share (EPS) came in at $0.61 against Street estimates for $0.53; total net revenue reached $1.27 billion versus forecasts for $1.21 billion.
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Shares were down 2% in after hours trading, but remain higher by about 260% year-to-date.
“Q3 was another strong quarter of profitable growth, and we continued to diversify our business, adding two more business lines — Prediction Markets and Bitstamp — that are generating approximately $100 million or more in annualized revenues,” said CFO Jason Warnick. “And Q4 is off to a strong start in October, with record monthly trading volumes across equities, options, prediction markets, and futures, and new highs for margin balances.”
The company now has a market capitalization of $126 billion, putting it above rivals like Coinbase (COIN), which reported strong earnings last week.
The strong results follow a string of moves to deepen Robinhood’s crypto footprint. Earlier this year, the firm acquired Bitstamp, expanding its regulatory presence and user base in more than 50 countries.
More For You
‘Bitcoin to zero’ searches spike in the U.S., but the bottom signal is mixed
Google Trends data shows the term hit a record high in the U.S. this month, though global interest has fallen since peaking in August.
What to know:
- U.S. searches for “bitcoin zero” on Google hit a record high in February as BTC slid toward $60,000 after hitting a peak in October.
- In the rest of the world, searches for the term peaked in August, suggesting fear is concentrated in the U.S. rather than worldwide.
- Similar U.S. search spikes in 2021 and 2022 coincided with local bottoms.
- Because Google Trends measures relative interest on a 0-to-100 scale amid a much larger bitcoin user base today, the latest U.S. spike signals elevated retail anxiety, but does not reliably guarantee a clean contrarian reversal.
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