The earnings call detailed robust growth in trading volumes, customer assets, international expansion, and financial performance. The focus on innovation and expansion into new markets and product offerings was evident. However, there was some moderation in net deposit momentum, which was addressed with promotional activities. Overall, the positive aspects significantly outweighed the lower points.

Company Guidance -

Q3 2025

During Robinhood's Q2 2025 earnings call, a robust set of metrics highlighted the company's impressive performance and strategic direction. Revenue surged by 45% year-over-year, reaching nearly $1 billion, driven by record trading volumes across equities, options, prediction markets, index options, and futures. Index options volumes alone grew by 60% from Q1, while event contracts more than doubled to nearly 1 billion in Q2. Assets under custody doubled year-over-year to over $0.25 trillion, with average assets per funded customer surpassing $10,000 for the first time. The number of Robinhood Gold subscribers hit a record 3.5 million, representing a 13% adoption rate among the overall customer base, with new customers exhibiting over 35% adoption. Additionally, retirement assets exceeded $20 billion, more than doubling from the previous year. The acquisition of Bitstamp and expansion into European markets contributed to a growing institutional business, with over 600,000 international customers. Robinhood's strategic initiatives, including the upcoming launch of Robinhood Banking and continued focus on product innovation, position the company for further growth in its active trader segment and global financial ecosystem.

Record Trading Volumes and Growth in Product Offerings

Record trading volumes in Q2 across equities, options, prediction markets, index options, and futures. Index options volumes grew 60% from Q1, and event contracts more than doubled from Q1 to nearly 1 billion in Q2.

Significant Growth in Customer Assets and Engagement

Customer assets have doubled year-over-year to over $0.25 trillion. Average assets per funded customer exceeded $10,000 for the first time, nearly doubling from a year ago.

Expansion into International Markets and Crypto Innovation

Expanded European offering to 30 countries, serving over 400 million people. Launched perpetual futures and staking in the U.S. with over 750 million stakes in the first month. Closed acquisition of Bitstamp exchange, growing the institutional business.

Strong Revenue and Financial Performance

Revenue increased 45% year-over-year to nearly $1 billion. Achieved 81% incremental adjusted EBITDA margins and doubled EPS from a year ago.

Significant Increase in Gold Subscribers

Gold subscribers increased to a record 3.5 million, with 13% adoption of the overall customer base and over 35% adoption among new customers.

Robinhood (HOOD) Earnings, Revenues Date & History

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HOOD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.40 / -	0.17	―	―	―
Jul 30, 2025	2025 (Q2)	0.31 / 0.42	0.21	100.00% (+0.21)
Apr 30, 2025	2025 (Q1)	0.33 / 0.37	0.18	105.56% (+0.19)
Feb 12, 2025	2024 (Q4)	0.42 / 1.01	0.03	3266.67% (+0.98)
Oct 30, 2024	2024 (Q3)	0.18 / 0.17	-0.09	288.89% (+0.26)
Aug 07, 2024	2024 (Q2)	0.16 / 0.21	0.03	600.00% (+0.18)
May 08, 2024	2024 (Q1)	0.06 / 0.18	-0.57	131.58% (+0.75)
Feb 13, 2024	2023 (Q4)	-0.01 / 0.03	-0.19	115.79% (+0.22)
Nov 07, 2023	2023 (Q3)	-0.10 / -0.09	-0.2	55.00% (+0.11)
Aug 02, 2023	2023 (Q2)	-0.01 / 0.03	-0.34	108.82% (+0.37)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HOOD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$106.10	$103.05	-2.87%
Apr 30, 2025	$49.11	$46.62	-5.07%
Feb 12, 2025	$55.91	$63.80	+14.11%
Oct 30, 2024	$28.21	$23.49	-16.73%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.