Online brokerage firm Robinhood reported strong financials for the second quarter, surpassing analyst expectations by 7%. The company’s revenue increased to $989 million, beating the FactSet consensus of almost $915 million. Earnings per share were 42 cents, exceeding analysts’ forecast of 31 cents.
Despite a decline in crypto transaction revenue, which dropped 36% to $160 million, Robinhood’s overall earnings were robust. In past quarters, the company’s fortunes had been closely tied to market fluctuations and retail trader activity. However, with its expansion into new business areas such as subscriptions, credit cards, and banking, Robinhood has diversified its revenue streams.
CEO Vlad Tenev stated that the company feels more stable now compared to when it went public in 2021. The second quarter saw a significant portion of revenue coming from non-crypto sources, with almost 30% generated from interest and about 10% from Robinhood Gold subscriptions.
The diversified revenue streams are expected to continue, according to Tenev, making the company’s current financials “pretty packed.”
Source: https://fortune.com/crypto/2025/07/30/robinhood-second-quarter-earnings-hulk-smash-diversification