Robinhood’s Crypto Trading Revenue Surges 339% in Q3, Beating Wall Street Estimates

November 6, 2025

Robinhood (HOOD) reported a sharp rise in crypto trading activity for the third quarter, with digital asset revenue jumping 339% year-over-year to $268 million, as the brokerage continues expanding its presence in global crypto markets.

The company processed $80 billion in crypto trading volume during the quarter, up from $61 million in revenue a year earlier. Total net revenue climbed to $1.27 billion, beating analyst forecasts of $1.21 billion. Adjusted earnings per share came in at $0.61, ahead of expectations for $0.53.

Despite the earnings beat, Robinhood shares fell 2% in after-hours trading, though the stock remains up more than 260% year-to-date. The firm now holds a market capitalization of $126 billion, surpassing rival Coinbase (COIN), which also reported strong results last week.

“Q3 was another strong quarter of profitable growth,” said CFO Jason Warnick. “We continued to diversify our business, adding two new lines — Prediction Markets and Bitstamp — that are already generating over $100 million in annualized revenue.”

Warnick added that October trading volumes hit record levels across equities, options, futures, and prediction markets, signaling a strong start to Q4.

The results highlight Robinhood’s accelerating shift toward digital assets. Earlier this year, the company acquired Bitstamp, expanding its crypto footprint and regulatory reach to more than 50 international markets.