Robinhood began 2026 with solid momentum, posting first-quarter revenue of $1.07bn, up 15% year-on-year. Net income rose 3% to $346m, while diluted earnings per share reached $0.38.
User engagement remained strong, with funded accounts increasing to 27.4 million and total platform assets climbing 39% to $307bn.
CEO Vlad Tenev said:
Driven by our relentless product velocity and innovation, Robinhood is increasingly positioned at the center of our customers’ financial lives, just as we enter the early innings of the Great Wealth Transfer.
In Q1, Robinhood experienced over $17.7 Billion in new net deposits – an increase of 22% from a year ago – providing it with over $67.8 Billion in net deposits as of the end of quarte.
CFO Shiv Verma has stated that Robinhood is seeing increased growth throughout the platform with continued adoption of equities, options, and new products, such as prediction markets, futures, and index options – in addition to significant new volume in these new products.
Robinhood’s premium subscription business continues to grow. The total number of Gold Subscribers increased by 36% year-on-year from 4.3 million.
Operating expenses increased approximately 18% ($656M) due to significant marketing and customer acquisition expenditures. Adjusted EBITDA increased approximately 14% ($534M).
At the end of quarter the company had cash and equivalent to $5.0BB and has completed its share repurchase program to $1.5B.
The company stated that its 2026 strategy is based on creating new innovative products and growing deposits with additional investment in new initiatives such as Trump Accounts.
