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- Total revenue climbed 15% to $1.07 billion, while net income hit $346 million.
- Funded accounts grew to 27.4 million, with a massive $17.7 billion in new deposits this quarter.
- Robinhood will serve as the sole broker and trustee for the U.S. Treasury’s new Trump Accounts.
Robinhood Markets has kicked off 2026 with a powerful financial performance, signaling its evolution from a simple trading app into a comprehensive financial ecosystem. The company reported a 15% jump in total net revenue, reaching $1.07 billion for the first quarter ending March 31.
This growth happens amid an influx of high-value transactions on the platform, resulting in an increase in total assets by 39% to $307 billion. As per the CEO Vlad Tenev, the company has positioned itself as a focal point of its users’ finances. The statistics also indicate this change, as net deposits have grown annually by 22%. This indicates that users are not only using the platform for trading but are shifting their major savings to it as well.
Robinhood Shifts to Prediction Markets and Govt Deals
However, the first quarter of 2026 witnessed a drastic change in the business model adopted by Robinhood. Although there was a decrease in crypto revenues by 47% to $134 million, the firm managed to find a powerful new source of income in the form of “event contracts” and “prediction markets.” In the quarter under review, the revenue from new trading categories increased three times, totaling $147 million.
This diversified revenue base allowed Robinhood to secure a stable profit margin, as evidenced by the increase in diluted EPS to $0.38. One of the most exciting news of the quarter is that the United States Department of the Treasury has chosen Robinhood as the broker and exclusive trustee of “Trump Accounts.”
According to CFO Shiv Verma, although the company will have to spend an additional $100 million on developing the interface for this groundbreaking initiative, the revenues from the contract will surpass this amount. Thus, Robinhood will be able to secure a unique place in the country’s financial architecture, along with BNY, managing these special accounts.
Robinhood Scales Up via Global Growth and New Tech
But Robinhood is not only targeting the market outside the U.S. The firm received preliminary approval from the Monetary Authority of Singapore for entering the Asian market. Technologically, the “Robinhood Chain,”
The novel blockchain protocol created to tokenize physical assets managed to process more than 100 million transactions during the pilot run. And the company’s “Gold” subscription program keeps attracting subscribers; there are 4.3 million subscribers now. As a result, “Other Revenues” have increased by 57%. However, the firm is still confident about its future performance.
In particular, the CEO stated that this month trading volumes are setting new records. As part of the efforts to thank shareholders for their support, the board decided to update the share repurchase program, allocating $1.5 billion for that purpose over three years.
Also Read: Bitcoin Supply Drain Intensifies as Exchange Reserves Hit Record Lows
