Robinhood Markets, Inc. (HOOD) Earnings Call Transcripts

Robinhood Markets, Inc.'s Latest Earnings Call - Q2 FY2026

In Q2 2026, Robinhood Markets, Inc. reported record revenues of $1.3 billion, a 32% increase year-over-year, alongside adjusted EBITDA margins of 57%. The company achieved record net deposits of $22 billion, reflecting a 28% annualized growth rate. Management tightened their expense guidance for the fiscal year, now projecting adjusted OpEx and SBC between $2.675 billion and $2.775 billion, indicating a disciplined approach to cost management while continuing to invest in growth initiatives.

Reported metrics

Guidance from management

Management maintained a positive outlook for Q3, with July average daily volumes tracking similarly to Q2. They expect continued strong engagement and growth in net deposits, particularly with the Trump Accounts initiative.

What management said

Thank you very much, Vlad and Shiv. For the Q&A session, we're going to start by answering shareholder questions from Say Technologies. And after the Say questions, we'll turn to live questions from our audience and then go to the dial-in participants. So I'm going to kick it off with our first question from Say, who should be joining us live. Zach, are you joining us?

Yes. On the marketing side, we continue to see strong ROIs, and it's diversified. So strong ROIs on prediction markets, but also Gold and some of the active trader offerings as well. And I think we're at the -- in the fortunate position of having it be working really, really well across multiple fronts.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of growth in net deposits and the impact of macroeconomic factors on customer behavior. There were also questions about the competitive landscape, particularly regarding the launch of perps in the U.S. and how it might affect Robinhood's market position.

Main topics on the call

• Record Revenue and Profitability — Robinhood achieved record revenues of $1.3 billion, up 32% year-over-year, driven by strong transaction volumes across equities, options, and prediction markets. Adjusted EBITDA was $741 million, reflecting a 35% increas...
• Strong Net Deposits Growth — The company reported record net deposits of $22 billion, a 28% annualized growth rate, indicating robust customer trust and engagement. This growth was supported by nearly 1 million new funded customers added in the quar...
• Expense Guidance Tightened — Management lowered their outlook for adjusted OpEx and SBC to a range of $2.675 billion to $2.775 billion, reflecting a focus on operational efficiency while still investing in new products.
• Launch of Trump Accounts — The Trump Accounts initiative saw significant traction, with 7 million children signed up and nearly $1.5 billion in contributions. This program aims to promote financial ownership from a young age.

Read the full Robinhood Markets, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 50 Robinhood Markets, Inc. earnings call transcripts on record, spanning August 18, 2021 to July 29, 2026. Based on this history, Robinhood Markets, Inc. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HOOD

Exchange

NasdaqGS

Country

US

Sector

Financials

Industry

Capital Markets

Calls on record

50

First call

August 18, 2021

Most recent

July 29, 2026

Reporting cadence

quarterly