Robinhood Q2 Revenue Beats Forecasts as Crypto Trading Surges, Bitstamp Deal Strengthens Global Push
Robinhood (HOOD) posted stronger-than-expected second-quarter results, driven by a sharp rebound in crypto trading activity and early benefits from its recent acquisitions, signaling the brokerage’s deepening commitment to digital assets.
Crypto trading revenue for the quarter reached $160 million, nearly doubling from $81 million a year earlier. Overall net revenue climbed 45% year-over-year to $989 million, exceeding analyst expectations of $928.8 million, according to FactSet. Adjusted earnings per share came in at $0.42, well ahead of the $0.31 consensus.
The platform handled $28.3 billion in crypto trading volume during the period, underscoring the impact of renewed market engagement and product innovation.
“We saw strong results in Q2, driven by continued product momentum and the rollout of tokenization—arguably the most transformative innovation in finance in a decade,” said Robinhood CEO Vlad Tenev.
Shares of Robinhood have surged 177% year-to-date, making it the top-performing U.S. tech stock in 2025. Its market capitalization now stands at $91 billion, approaching that of Coinbase (COIN), which reports earnings on Thursday. Analysts expect Coinbase to post $1.59 billion in revenue and $1.25 in EPS for the quarter.
Robinhood’s performance also reflects the early impact of its recent strategic moves. In June, the firm acquired Bitstamp for $200 million and WonderFi for $179 million, extending its regulated presence across North America and laying the groundwork for deeper international expansion.
In Europe, Robinhood has begun offering tokenized stocks and ETFs, enabling users to trade fractionalized versions of traditional financial assets on-chain.
HOOD shares held steady in after-hours trading, while COIN saw modest gains.
