CatalystCrypto
ROBINHOOD CRYPTO REVENUE FELL 38 % LAST QUARTER . CAN IT BOUNCE BACK IN Q3 ?
Robinhood crypto revenue fell 38% last quarter, raising Q3 rebound question.
Context
What happened: Robinhood's crypto revenue fell 38% year over year to $100 million in Q2 2026, the third consecutive quarterly decline. Crypto trading activity picked up in August and September ahead of Q3 results expected after market close on October 27.
Key numbers: Q2 crypto
Why it matters: Analysts expect higher Q3 revenue but lower EPS, and BTIG called September figures generally strong. The content notes surpassing last year's $268 million seems unlikely while Bitcoin trades 21.8% below its year-ago price, and shares have fallen on earnings day after each of the last four reports.
What changed
Robinhood's crypto revenue fell 38% year over year to $100 million in Q2 2026, the third consecutive quarterly decline. Crypto trading activity picked up in August and September ahead of Q3 results expected after market close on October 27.
Why it matters
Analysts expect higher Q3 revenue but lower EPS, and BTIG called September figures generally strong. The content notes surpassing last year's $268 million seems unlikely while Bitcoin trades 21.8% below its year-ago price, and shares have fallen on earnings day after each of the last four reports.