Robinhood’s Crypto Revenue Surges 339% in Q3 as Trading Volumes Hit Record $80B
November 6, 2025
Robinhood (HOOD) posted another standout quarter, fueled by a surge in crypto activity that drove digital asset revenue up 339% year-over-year to $268 million.
The brokerage processed $80 billion in crypto trading volume during the third quarter, extending its momentum in the digital asset space. Total net revenue reached $1.27 billion, beating Wall Street estimates of $1.21 billion, while adjusted earnings per share came in at $0.61, above expectations for $0.53.
Despite the strong numbers, shares slipped 2% in after-hours trading, though the stock remains up over 260% year-to-date. Robinhood’s market capitalization now stands near $126 billion, surpassing rival Coinbase (COIN), which also reported robust quarterly results.
“Q3 was another strong quarter of profitable growth,” said CFO Jason Warnick. “We continued to diversify our business, adding two new lines — Prediction Markets and Bitstamp — that are each contributing over $100 million in annualized revenue.”
Warnick added that October delivered record trading volumes across all segments, including equities, options, prediction markets, and futures, suggesting continued strength into the fourth quarter.
The company’s acquisition of Bitstamp earlier this year marked a key step in its global expansion, giving Robinhood regulatory and operational reach across 50+ countries as it deepens its footprint in crypto and international markets.
