Robinhood Posts Strong Q3 Results With 339% Spike in Crypto Trading Revenue

Robinhood’s Crypto Trading Volume Hits $80B in Q3 as Digital Revenue Jumps 339%

November 6, 2025 — New York

Robinhood (HOOD) delivered another strong quarter, reporting a 339% year-over-year surge in crypto trading revenue as digital asset activity hit new highs. The company’s third-quarter crypto revenue climbed to $268 million, up from $61 million a year earlier, driven by $80 billion in trading volume.

Total net revenue rose to $1.27 billion, surpassing analyst expectations of $1.21 billion, while adjusted earnings per share came in at $0.61, beating estimates of $0.53. Despite the solid beat, shares slipped 2% in after-hours trading, though the stock remains up more than 260% in 2025.

“We saw another quarter of profitable growth and diversification,” said Jason Warnick, Robinhood’s CFO. “Our new business lines — Prediction Markets and Bitstamp — are already generating around $100 million in annualized revenue.”

Robinhood’s market capitalization has reached $126 billion, surpassing Coinbase (COIN), which also posted strong earnings last week. The firm’s acquisition of Bitstamp earlier this year expanded its regulatory footprint and customer base across more than 50 countries, reinforcing its global crypto ambitions.

Warnick added that momentum has continued into the fourth quarter, with record trading volumes across equities, options, and crypto, signaling strong investor engagement despite broader market uncertainty.