Robinhood reported record revenues and net deposits in Q2 2026, driven by strong growth in trading volumes, gold subscribers, and new products like the credit card and Trump accounts. Management lowered expense guidance, signaling improved profitability, and highlighted rapid adoption of Robinhood Chain and Rothera prediction markets. Cross-company signals include integration with AI partners OpenAI and Anthropic for agentic trading, and partnerships with BNY and Rothera. Record revenues of $1.3B (+32% YoY) and net deposits of $22B (28% annualized growth).
Robinhood reported record revenues and net deposits in Q2 2026, driven by strong growth in trading volumes, gold subscribers, and new products like the credit card and Trump accounts. Management lowered expense guidance, signaling improved profitability, and highlighted rapid adoption of Robinhood Chain and Rothera prediction markets. Cross-company signals include integration with AI partners OpenAI and Anthropic for agentic trading, and partnerships with BNY and Rothera. Record revenues of $1.3B (+32% YoY) and net deposits of $22B (28% annualized growth).
Management expressed strong confidence driven by record revenues, net deposits, and new product successes, with a positive outlook despite raising capital and lowering expense guidance.
Guidance tone
Record net deposits of $22 billion. Management expressed strong confidence driven by record revenues, net deposits, and new product successes, with a positive outlook despite raising capital and lowering expense guidance.
Management discussed the launch of the first version of agentic trading, allowing customers to build AI agents to trade equities, options, and crypto, and noted that over 100,000 people have opened agentic accounts, with plans to expand AI agent capabilities to all platform…
Management discussed the launch of the first version of agentic trading, allowing customers to build AI agents to trade equities, options, and crypto, and noted that over 100,000 people have opened agentic accounts, with plans to expand AI agent capabilities to all platform tools.
Record net deposits of $22 billion. Management expressed strong confidence driven by record revenues, net deposits, and new product successes, with a positive outlook despite raising capital and lowering expense guidance.
Management expressed strong confidence driven by record revenues, net deposits, and new product successes, with a positive outlook despite raising capital and lowering expense guidance.
“Rothera started supporting Robinhood prediction markets and has rapidly become a top three DCM”
“go to a Codex or a Claude Code and kind of and many more”
BNY is a key partner in the Trump accounts program, signaling institutional trust and potential for further collaboration.
“great collaboration between Treasury, National Design Studio, Robinhood, our teams, and BNY”
Rothera became a top-3 DCM within a month of supporting Robinhood prediction markets, indicating rapid scaling that could pressure incumbents like CBOE and Kalshi. — Robinhood's distribution muscle can vault a new DCM to top-tier status quickly, reshaping the prediction market competitive landscape.
“on the CBOE financial KPI contracts, so my understanding is those are under the securities-based regime”
Great. Thanks. Good evening, Vlad and Shiv. How are you? Doing well. Excellent. My question's on Rothera. And with specifically the company financial KPI contracts, with SIBO filing with the SEC to launch these, potentially in the near term. What's the interest in Rothera launching these in the near term? And then also just in terms of migrating more of the event contracts at Hood now to Rothera, such as NFL, how are you thinking about that game plan for the rest of the year?
Yeah, so on the CBOE financial KPI contracts, so my understanding is those are under the securities-based regime. So I don't know if Rothero would be launching those right now. But obviously, Robinhood is able to connect to a wide variety of counterparties. We have a brokerage business. We also have our FCM business. And of course, Rothera is a great joint venture that we have with SIG. So that doesn't necessarily mean that we're not going to make All of these products available to customers. I think the products in general are useful. There's interest. And so we always evaluate opportunities for adding new things to the platform.
Robinhood routes prediction market flow through IBKR's platform, showing multi-exchange strategy and competitive dynamics.
“We first connected to ForecastX, which is IBKR's DCM”
Hey, guys. Thanks for taking my question. We know that you're pretty focused on bringing more of the volumes onto our fair with the prediction markets, but we did see some news reports that you're exploring some partnerships with some other exchanges as well. Just kind of high level here. I mean, do you see any opportunity to kind of improve your economics by partnering with different exchanges or is the focus more to bring more activity just onto our fair?
It's both. I think we're invested in Rothera, and we think that the economics there are great, and we intend to push more flow there. At the same time, we've always been connecting to additional counterparties. We first connected to ForecastX, which is IBKR's DCM. Then we went to Calshi, then of course Rothera. And so we always are on the lookout for diversifying, making sure our customers have access to multiple options and we're not reliant on any one individual counterparty.
NVIDIA is used as a flagship example of Robinhood's stock token offering, highlighting tokenized equity demand.
“This is Nvidia. So if you're a customer outside the US, you can get exposure to Nvidia through Stock Tokens.”
… is well integrated into Robinhood Chain. So the chain is a first class citizen. So here through our partnership with Leiter, you can, if you're an active trader outside the U.S., get leveraged exposure to not just crypto perps, but also commodity perps and single stock perps as well. And we make it easy to add funds, deposit and withdraw and place trades. The other thing I'm very excited about is Stock Tokens. So here I'll show you what they look like. This is Nvidia. So if you're a customer outside the US, you can get exposure to Nvidia through Stock Tokens. And they have certain advantages over traditional stocks even. So they're tradable 24-7, including Saturdays and holidays. And You know, you can even send it on chain, you can see the address, you can receive just like you would any crypto. And this makes it really easy to expand ownership worldwide. All you need is an internet connection and to be connected to the blockchain. And Looking ahead, we're going to continue to push on this. We're working on adding lots more stocks and really pushing on tokenization of other real world assets. We have a lot of momentum here, so a lot to do. And there's plenty of other products in …
Robinhood's agentic trading integrates specific AI models from OpenAI and Anthropic, creating a direct channel for these AI companies to reach retail traders and potentially drive API volume.