HOOD

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Robinhood Reports Third Quarter 2026 Results

Revenues were a record $1.4 billion, up 12% year-over-year

Diluted EPS down 16% year-over-year to $0.51; Adjusted EPS down 3% year-over-year to $0.60

Net Deposits were $16 billion, and Robinhood Gold Subscribers reached a record 5.2 million

Robinhood now up to 14 business lines that have reached $100 million or more in annualized revenues

MENLO PARK, Calif. – October 27, 2026 – Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2026, which ended September 30, 2026.

"Our vision is to make everyone an owner, because broad ownership is essential to a free, stable, and prosperous society," said Vlad Tenev, Chairman and CEO of Robinhood.

"Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues," said Shiv Verma, Chief Financial Officer of Robinhood. "We also added a new business cylinder with over $100 million in annualized revenues this quarter as Rothera scaled rapidly. And we're entering Q4 with strong momentum, as October Net Deposits have already topped $13 billion month-to-date, including $6 billion from the Dell family's contribution to Trump Accounts."

Third Quarter Results

•Total net revenues increased 12% year-over-year to $1.42 billion.

◦Transaction-based revenues increased 19% year-over-year to $867 million, primarily driven by event contracts revenue of $173 million, up over 6x, options revenue of $399 million, up 31%, and equities revenue of $121 million, up 41%, partially offset by cryptocurrencies revenue of $120 million, down 55%.

◦Net interest revenues decreased 9% year-over-year to $415 million, primarily driven by lower securities lending activity and short-term interest rates, partially offset by growth in interest-earning assets.

◦Other revenues increased 61% year-over-year to $142 million, primarily driven by Trump Account service revenues and increased Robinhood Gold subscription revenues.

•Net income decreased 14% year-over-year to $476 million, and diluted earnings per share ("EPS") decreased 16% to $0.51.

◦Net income included $67 million, or $0.07 of diluted EPS, of unrealized losses primarily related to the mark-to-market of Robinhood Ventures Fund I ("RVI").

•Adjusted Net Income (non-GAAP) decreased 3% year-over-year to $542 million, and Adjusted EPS (non-GAAP) decreased 3% to $0.60.

◦Adjusted Net Income and Adjusted EPS are new non-GAAP financial measures introduced this quarter to provide a view of profitability before certain non-operating items; refer to page 13 for more information.

•Total operating expenses increased 16% year-over-year to $739 million. The year-over-year increase was primarily driven by higher provisions for credit losses as we grow the credit card loan book, expenses related to Trump Accounts and Rothera, and marketing and growth investments.

◦Adjusted Operating Expenses and Share-Based Compensation (“SBC”) (non-GAAP) increased 8% year-over-year to $664 million.

•Adjusted EBITDA (non-GAAP) increased 9% year-over-year to $808 million.

•Funded Customers increased by 1.9 million, or 7%, year-over-year to 28.7 million.

◦Investment Accounts increased by 2.5 million , or 9%, year-over-year to 30.4 million.

•Total Platform Assets increased 19% year-over-year to $396 billion, primarily driven by continued Net Deposits and higher equity valuations, partially offset by lower cryptocurrency valuations.

•Net Deposits were $15.7 billion, an annualized growth rate of 17% relative to Total Platform Assets at the end of Q2 2026. Over the past twelve months, Net Deposits were $71.0 billion, a growth rate of 21% relative to Total Platform Assets at the end of Q3 2025.

•Robinhood Gold Subscribers increased by 1.3 million, or 34%, year-over-year to 5.2 million.

•Average Revenue Per User (“ARPU”) increased 5% year-over-year to $200.

•Cash and cash equivalents totaled $5.8 billion, compared with $4.3 billion at the end of Q3 2025.

•Share repurchases were $25 million, representing 0.2 million shares of our Class A common stock at an average price per share of approximately $105.

◦Through Q3 2026, cumulative repurchases under our program since Q3 2024 total $1.3 billion, representing 27 million of our Class A shares at an average price per share of approximately $48.

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Highlights

Robinhood Delivers Growth Across the Business as It Expands Global Access to Financial Markets

#1 Platform for Active Traders

•Market share gains drove active trader engagement to new highs in Q3, with record volumes for equities, options, and prediction markets, and record margin balances.

•In September, Robinhood hosted its third annual HOOD Summit in Houston, with about 1,500 in-person attendees and more than 50 million livestream viewers. At the event, the company announced 17 new products and features aimed at making it the

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Robinhood Reports Third Quarter 2026 Results

Revenues were a record $1.4 billion, up 12% year-over-year

Diluted EPS down 16% year-over-year to $0.51; Adjusted EPS down 3% year-over-year to $0.60

Net Deposits were $16 billion, and Robinhood Gold Subscribers reached a record 5.2 million

Robinhood now up to 14 business lines that have reached $100 million or more in annualized revenues

MENLO PARK, Calif. – October 27, 2026 – Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2026, which ended September 30, 2026.

"Our vision is to make everyone an owner, because broad ownership is essential to a free, stable, and prosperous society," said Vlad Tenev, Chairman and CEO of Robinhood.

"Customers are trusting us with more of their assets as we deliver on our product roadmap, leading to our highest quarter ever for revenues," said Shiv Verma, Chief Financial Officer of Robinhood. "We also added a new business cylinder with over $100 million in annualized revenues this quarter as Rothera scaled rapidly. And we're entering Q4 with strong momentum, as October Net Deposits have already topped $13 billion month-to-date, including $6 billion from the Dell family's contribution to Trump Accounts."

Third Quarter Results

•Total net revenues increased 12% year-over-year to $1.42 billion.

◦Transaction-based revenues increased 19% year-over-year to $867 million, primarily driven by event contracts revenue of $173 million, up over 6x, options revenue of $399 million, up 31%, and equities revenue of $121 million, up 41%, partially offset by cryptocurrencies revenue of $120 million, down 55%.

◦Net interest revenues decreased 9% year-over-year to $415 million, primarily driven by lower securities lending activity and short-term interest rates, partially offset by growth in interest-earning assets.

◦Other revenues increased 61% year-over-year to $142 million, primarily driven by Trump Account service revenues and increased Robinhood Gold subscription revenues.

•Net income decreased 14% year-over-year to $476 million, and diluted earnings per share ("EPS") decreased 16% to $0.51.

◦Net income included $67 million, or $0.07 of diluted EPS, of unrealized losses primarily related to the mark-to-market of Robinhood Ventures Fund I ("RVI").

•Adjusted Net Income (non-GAAP) decreased 3% year-over-year to $550 million, and Adjusted EPS (non-GAAP) decreased 3% to $0.60.

◦Adjusted Net Income and Adjusted EPS are new non-GAAP financial measures introduced this quarter to provide a view of profitability before certain non-operating items; refer to page 13 for more information.

•Total operating expenses increased 16% year-over-year to $739 million. The year-over-year increase was primarily driven by higher provisions for credit losses as we grow the credit card loan book, expenses related to Trump Accounts and Rothera, and marketing and growth investments.

◦Adjusted Operating Expenses and Share-Based Compensation (“SBC”) (non-GAAP) increased 8% year-over-year to $664 million.

•Adjusted EBITDA (non-GAAP) increased 9% year-over-year to $808 million.

•Funded Customers increased by 1.9 million, or 7%, year-over-year to 28.7 million.

◦Investment Accounts increased by 2.5 million , or 9%, year-over-year to 30.4 million.

•Total Platform Assets increased 19% year-over-year to $396 billion, primarily driven by continued Net Deposits and higher equity valuations, partially offset by lower cryptocurrency valuations.

•Net Deposits were $15.7 billion, an annualized growth rate of 17% relative to Total Platform Assets at the end of Q2 2026. Over the past twelve months, Net Deposits were $71.0 billion, a growth rate of 21% relative to Total Platform Assets at the end of Q3 2025.

•Robinhood Gold Subscribers increased by 1.3 million, or 34%, year-over-year to 5.2 million.

•Average Revenue Per User (“ARPU”) increased 5% year-over-year to $200.

•Cash and cash equivalents totaled $5.8 billion, compared with $4.3 billion at the end of Q3 2025.

•Share repurchases were $25 million, representing 0.2 million shares of our Class A common stock at an average price per share of approximately $105.

◦Through Q3 2026, cumulative repurchases under our program since Q3 2024 total $1.3 billion, representing 27 million of our Class A shares at an average price per share of approximately $48.

1

Highlights

Robinhood Delivers Growth Across the Business as It Expands Global Access to Financial Markets

#1 Platform for Active Traders

•Market share gains drove active trader engagement to new highs in Q3, with record volumes for equities, options, and prediction markets, and record margin balances.

•In September, Robinhood hosted its third annual HOOD Summit in Houston, with about 1,500 in-person attendees and more than 50 million livestream viewers. At the event, the company announced 17 new products and features aimed at making it the be

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