Robinhood's third quarter put two different trends on the same page. Revenue reached $1.42 billion, up 12% from a year earlier, while GAAP net income fell 14% to $476 million. A fast-growing event-contract business and stronger options and equity trading offset a much weaker cryptocurrency line. The October 28 regular session then closed at $91.43, down 3.31% from October 27. The price move is an observation, not proof of which result traders cared about most. Robinhood Q3 release
What grew, and what did not
Transaction revenue was $867 million, up 19%. Options contributed $399 million, up 31%, and equities contributed $121 million, up 41%. Event contracts contributed $173 million, more than six times the year-earlier amount. Cryptocurrency transaction revenue was $120 million, down 55%. Those lines matter because the total can grow while its drivers change sharply. A durable business case needs more than one strong trading category in one quarter.
The company reported 5.2 million Gold subscribers, up 34%, and $15.7 billion of net deposits. The deposit measure reflects the company's expanding product and acquisition perimeter, including Trump Accounts, TradePMR and WonderFi. The subscription and deposit figures indicate customer activity, but neither equals profit, and deposits are not revenue.
Earnings quality
GAAP diluted earnings were $0.51 a share, down 16% year over year. Robinhood also introduced a separate non-GAAP adjusted EPS measure of $0.60. That newer measure should be read with its reconciliation and should not be spliced into a long historic series as though the definition were unchanged. GAAP net income of $476 million remains the comparable reported profit figure.
The completed daily chart
On October 28, HOOD opened at $89.23, reached $92.60, traded as low as $89.15 and closed at $91.43. That put the close below its 50-day average of $108.78 and 200-day average of $92.91. The gap from the October 27 close of $94.56 was not fully repaired by the end of the regular session. A daily close back above $94.56 would repair more of that gap and reclaim the 200-day average; another daily close below $91.43 would leave the earnings-session weakness intact. Those are observation levels, not targets or a prediction.
The first test after these results is whether revenue growth broadens while reported profit and cash generation keep pace. Market research only, not a recommendation to buy or sell.
Sources: Robinhood Q3 2026 earnings release; completed October 27–28 regular-session OHLC cross-checked between Yahoo Finance and CNBC.