Robinhood reported a 65% year-over-year increase in sales to $3.2 billion during the first nine months of 2025, driven by heightened trading activity across its platform. Diluted earnings per share jumped 153% to $1.39 over the same period, reflecting both higher transaction volumes and disciplined cost management. This level of profitability marks the highest nine-month earnings growth since the company’s public debut in 2021 and underscores the firm’s ability to capture market share during a prolonged bull run that began in 2022.

Funded customer accounts rose 10% sequentially to 26.8 million in the most recent quarter, illustrating continued success in onboarding retail investors. Average revenue per user climbed 82% year-over-year to $191, indicating that not only is the user base growing but each customer is also generating significantly more revenue. This surge in ARPU was fueled by increased trading frequency and deeper engagement with Robinhood’s enhanced features, including margin lending and Gold subscription services.

Transaction-based revenue from options trading expanded by 50% to $304 million in the third quarter, as more customers sought leveraged exposure to market movements. Crypto investing revenues soared over 300% to $268 million, driven by renewed interest in Bitcoin and Ethereum. These complementary revenue lines now represent more than a quarter of total net revenues, helping to insulate the business from fluctuations in cash-equity volumes and demonstrating the platform’s widening appeal among risk-tolerant investors.

In the latest regulatory filing, Generali Asset Management SPA SGR disclosed a new position of 16,589 shares, valued at approximately $2.4 million, signaling confidence from a leading European asset manager. This move follows incremental stake increases by Vanguard Group and State Street, each adding over a million shares in the second quarter. Combined, institutional investors now hold more than 93% of the company’s outstanding stock, reflecting broad-based confidence in Robinhood’s growth trajectory and long-term profitability prospects.