Robinhood demonstrated strong growth in Q2 2025 with record trading volumes, significant asset growth, and an increase in international customers. The launch of new products and expansion of Robinhood Gold subscribers indicate positive momentum. However, the moderation in net deposits and ongoing challenges in crypto monetization present areas to watch. Overall, the highlights significantly outweigh the lowlights, suggesting a positive outlook.

Company Guidance

During Robinhood's Q2 2025 earnings call, the company provided a comprehensive overview of its strong performance across various metrics. Revenue surged by 45% year-over-year, reaching nearly $1 billion, while the company reported an 81% incremental adjusted EBITDA margin and doubled its EPS compared to the previous year. Trading volumes set new records across equities, options, prediction markets, index options, and futures, with index options volumes growing 60% from Q1 and event contracts nearly doubling to almost 1 billion in Q2. The average assets per funded customer surpassed $10,000 for the first time, doubling from the previous year, and total assets under custody increased to more than $0.25 trillion. Robinhood also expanded its Gold subscribers to 3.5 million, representing a 13% adoption rate among its customer base, and noted that net deposits remained strong with July exceeding previous records, putting the company on track to surpass last year's $50 billion in net deposits. The company highlighted its continued product innovation, including the upcoming launch of Robinhood Banking, and expansion into international markets, notably through the tokenization of stocks, staking, and the completion of the Bitstamp acquisition.

Record Trading Volumes

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 to nearly 1 billion in Q2.

Assets Under Management Growth

Customers' assets have doubled year-over-year to more than $0.25 trillion. Average assets per funded customer were over $10,000 for the first time, nearly doubling from a year ago.

Significant Revenue Growth

Revenue is up 45% year-over-year to nearly $1 billion. The company achieved the third-highest quarter of net deposits ever, with six consecutive quarters of over $10 billion in net deposits.

Expansion of International Customer Base

Robinhood now has over 600,000 international customers with the integration of Bitstamp. The European offering has expanded to 30 countries, serving over 400 million people.

Growth in Robinhood Gold Subscribers

Gold subscribers increased to 3.5 million, up over 75% year-over-year, with a 13% adoption rate among the overall customer base and over 35% adoption among new customers.

Successful Launch of New Products

Robinhood Strategies has grown to over 100,000 funded customers, and retirement assets have more than doubled to over $20 billion. The company also launched the Gold Card, Cortex, and plans to introduce Robinhood Banking soon.

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)	0.42 / -	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.