In the fourth quarter of 2025, Robinhood added 7.8 million net new funded accounts, bringing the total to 26.4 million. Monthly active users rose to 16.2 million, up 32% year-over-year. The company’s subscription services, Robinhood Gold and Cash Management, now account for 18% of total revenue, with 3.5 million subscribers paying an average of $6.50 per month. Executives highlighted that subscription retention rates exceed 90% after six months, demonstrating strong customer engagement and recurring revenue stability.

In January 2026, Robinhood launched its UK Stocks & Shares ISA, featuring zero trading fees, a 2% cash bonus on deposits up to £10,000 and AI-driven portfolio insights. Within the first four weeks, 120,000 UK residents opened accounts, representing 1.8% of the UK retail investor base. Average deposit per new account reached £4,200, with ISA assets under custody hitting £500 million. Management forecasts UK operations will contribute 8% of total net revenue by the end of 2026, up from less than 2% at the start of the year.

Starting with the 2025 tax year filings in early 2026, the IRS will require brokers to issue Form 1099-DA for all cryptocurrency transactions and to report cost basis separately for assets held in different wallets and exchanges. Given that 37% of Robinhood’s transaction-based revenue in Q3 2025 derived from crypto trading, analysts estimate trading volume could decline by up to 12% in the first half of 2026. However, the move may attract institutional investors seeking regulated platforms and long-term crypto holdings, potentially offsetting retail attrition and boosting custody and lending revenues.