Joerg Hiller
Nov 05, 2025 14:06
Robinhood reported a remarkable 100% year-over-year revenue increase in Q3 2025, reaching $1.27 billion, driven by significant growth in transaction-based revenues and the addition of new business lines.
Robinhood Markets, Inc. (NASDAQ: HOOD) has announced its financial results for the third quarter of 2025, revealing a substantial 100% increase in total net revenues, reaching a record $1.27 billion. The company’s success was fueled by a significant rise in transaction-based revenues, which soared by 129% year-over-year to $730 million, according to GlobeNewswire.
Significant Growth in Business Lines
Robinhood’s transaction-based revenues were primarily driven by a 300% increase in cryptocurrency revenues to $268 million and a 50% rise in options revenue to $304 million. This growth was further bolstered by the company’s expansion into new business lines such as Prediction Markets and Bitstamp, each generating approximately $100 million or more in annualized revenues.
Record Net Deposits and Subscriber Growth
The company also reported a record $20.4 billion in net deposits, contributing to a 29% annualized growth rate relative to total platform assets. Robinhood Gold Subscribers reached a new high of 3.9 million, marking a 77% increase year-over-year.
Operational and Financial Highlights
Robinhood’s net income climbed 271% year-over-year to $556 million, with diluted earnings per share increasing 259% to $0.61. The company’s total operating expenses rose by 31% to $639 million, primarily due to marketing, growth investments, and acquisition-related expenses.
Adjusted EBITDA, a key measure for the company, saw a 177% increase, reaching $742 million. Robinhood’s total platform assets grew by 119% to $333 billion, reflecting higher equity and cryptocurrency valuations and continued net deposits.
Strategic Initiatives and Future Plans
Robinhood continues to advance its platform for active traders, introducing new products and hosting events like the HOOD Summit. The company is also redefining wealth management with its digital advisory product, Robinhood Strategies, which serves over 180,000 customers.
Internationally, Robinhood is expanding its presence, particularly through Bitstamp, attracting institutional clients and enhancing its global cryptocurrency offerings. The company has also launched crypto perpetual futures across Europe and increased the number of stock tokens available to EU customers.
Leadership Transition
In a significant leadership update, CFO Jason Warnick announced his intention to retire, with Shiv Verma, a long-time Robinhood finance veteran, set to succeed him in Q1 2026.
These results underscore Robinhood’s robust growth and strategic diversification, positioning the company for continued success in the evolving financial landscape.
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