Robinhood Q2 Earnings

Robinhood's Q2 2026 earnings call highlights record revenues, net deposits, and gold subscribers. CEO Vlad Tenev and CFO Shiv Verma outline the company's three growth pillars: active trader dominance, wallet share expansion, and building a global financial ecosystem. They discuss new products including Trump accounts, Robinhood Chain, agentic trading, and prediction markets. Management expresses strong conviction in the long-term growth trajectory, aiming for a trillion-dollar market cap. - Record Q2 revenues of $1.3B, up 32% YoY, with strong transaction volumes across equities, options, and prediction markets. - Net deposits hit a record $22B (28% annualized growth), and funded accounts grew by nearly 1 million. - Gold subscribers reached 4.8M (17% attach rate), and the credit card surpassed 1M cardholders. - Trump accounts launched with 7M children signed up and nearly $1.5B in early contributions. - Robinhood Chain went live, seeing $12B in DEX volume and becoming one of the largest chains by transaction volume. - Agentic trading V1 released; management sees AI-driven trading as a major future volume driver. - Expense outlook lowered to $2.675–2.775B for 2026, with self-funding of new initiatives and strong profitability. - Management reiterated a 10x business growth vision over 10 years and aspiration to become a trillion-dollar company.