Robinhood held its Q1-2026 earnings call Tuesday, which was live streamed from the publicly traded company’s headquarters in Menlo Park, California. The outdoor setting is an attempt to “improve the branding of being a public company,” Robinhood Chairman and CEO Vlad Tenev stated at the beginning of the broadcast.
Robinhood’s gross revenue for the months of January, February, and March of 2026 reached $1.08B. This is the third straight quarter that the exchange has reported 10-figure total revenue.
Net income came in at $346 million for Q1, which represents a 3% YOY quarterly increase compared to the same span in 2025. Diluted Earnings Per Share (EPS) were also up a penny to $0.38.
Robinhood experienced a 22% spike in net deposits, up to $17.7 billion for the first quarter of the year. Chairman Tenev also provided insight into what the trading platform might expect for the current fiscal period. “Q2 is off to a good start in April, as equity and option trading volumes are on track to be the highest month of the year, and even with tax season, net deposits are approximately $5 billion month-to-date,” stated the UCLA and Stanford mathematics graduate.
Trading products, including futures, event contracts, and index options achieved quarterly records. Trading of futures contracts soared to 20.1 million transactions, a 20% increase over Q4 of last year.
Trading volume of event contracts rose 4% to 8.8 billion. Meanwhile, individual trades on index options experienced a modest 0.03% gain, up to 29.4 million.
SOURCE: Robinhood Q1 2026 Earnings Presentation (Page 31 – April 28, 2026)
The statistics show that Robinhood’s new products “continue to scale,” according to the official Earnings Presentation. The platform also saw a significant spike (of 36% YOY) in its “Gold” premium membership account holders. Robinhood traders can purchase a $5/month service that gives subscribers up to 5% APY on uninvested cash along with a 3% match on qualifying IRA contributions.
Robinhood stock fell nearly 10% immediately after the earnings call. The reaction is presumably based on the exchange’s 47% quarterly dip in crypto trading revenue.
Although crypto trading has slowed considerably since virtual assets have, for the moment, ceased their skyward momentum, Robinhood investors are banking on its consistent net deposits growth and strong direct deposit numbers.
Digital banking has also increased five times between Q1 2026 and the final quarter of 2025, according to Tenev – with more than $2B in account funding from 125,000 active customers (40% of which use direct deposits). “This isn’t just an add-on to your brokerage account for keeping your extra cash,” remarked Tenev at Tuesday’s earnings call. “People are thinking about this as a primary bank account.”
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