Q2 2026 Robinhood Markets Inc Earnings Call Transcript

Jul 29, 2026 / 09:00 PM GMT

Release Date Price: €78.13 (-3.93%)

Transcript 8-K

Key Points

Positve

Record revenues of $1.3 billion, up 32% year-over-year, driven by strong growth across the business.
Record net deposits of $22 billion, representing a 28% annualized growth rate, indicating strong customer trust.
Record gold subscribers of 4.8 million, with a 17% attach rate to net funded accounts.
Successful launch of Trump accounts, with 77 million children signed up and over $1.5 billion in contributions.
Strong profitability with a 57% adjusted EBITDA margin and earnings per share of $0.62, up 48% year-over-year.

Negative

July net deposits are tracking towards $4 billion, a decline from the record Q2 levels, potentially indicating seasonal slowdown.
Crypto average daily volumes in July are slower than Q2, suggesting potential weakness in that segment.
The company raised $2.2 billion in debt, which could increase financial leverage and risk.
Agentic trading faces friction, as users need sophistication to code and models may resist trading, limiting adoption.
The expense outlook was lowered, but this includes self-funding new businesses like Rothera and Wonderfi, which may pressure margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HOOD.OQ - Robinhood Markets Inc
Q2 2026 Robinhood Markets Inc Earnings Call
Jul 29, 2026 / 09:00PM GMT

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Presentation
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Vision, I don't think a lot of companies are going after us, it's just for each customer.

But I think also for society at large, I think that a society without.

Ownership distributed is very fragile and we think broad ownership is essential to a free, stable, and prosperous society, because when more people have a stake in the outcome, more skin in the game,

They're literally invested in the outcome and we want more people to be invested in the companies, of our country.

And I think we've just scratched the surface for what we can do there.

To achieve our aspirations of making everyone an owner, we're focused on 3 things.

Number 1, being number one in active traders, which

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