In the third quarter of 2025 Robinhood Markets doubled its year-over-year revenue, reaching approximately $1.27 billion. Transaction-based revenue—the sum of stock, options and crypto trading fees—jumped 129%, driven in large part by a more than fourfold increase in crypto transaction revenue. Gross margin held near 90%, and net income surged 271% compared with Q3 2024, reflecting both the company’s scaling operating leverage and the initial contributions from its nascent prediction-market business.

Robinhood added 2.8 million new funded accounts in Q3, bringing its total to 27.9 million investment accounts. Gold membership subscriptions, which include perks such as 3% IRA matches, continued to climb to record levels. The introduction of prediction contracts for professional and college football, coupled with expanded pre-IPO access and fractional-share trading, helped sustain daily active user counts and broaden the firm’s engagement metrics beyond traditional brokerage services.

Robinhood’s stock soared 186% over the course of 2025, reflecting investor enthusiasm for its fintech innovations and rapid path to profitability. The company joined the S&P 500 just one year after reporting its first profitable quarter. As of late December 2025, shares were trading at roughly 42.8 times forward earnings, a multiple that remains elevated relative to peers given the stock’s strong momentum but underscores investor confidence in continued top‐line expansion.

Building on its core brokerage business, Robinhood is diversifying into prediction markets, crypto trading and tokenization. The company has struck partnerships with professional sports leagues to expand event-betting contracts and is exploring strategic buyouts to accelerate its entry into new digital-asset offerings. Management’s guidance for Q4 and early 2026 projects sustained revenue growth north of 50% year-over-year, with net profit margins expected to improve further as transaction volumes scale and incremental services drive higher average revenue per user.