Robinhood Markets reported mixed fourth-quarter 2025 earnings, with revenue falling short of Wall Street estimates despite strong yearly growth. The company’s cryptocurrency trading revenue saw a significant 38% year-over-year decline to $221 million, a notable drop attributed to lower digital asset trading volumes compared to the previous year.
Robinhood Markets Inc. released its Q4 2025 results, posting revenue of $1.28 billion. This figure represented a 27% year-over-year increase but missed estimates of $1.34 billion.
The brokerage service reported adjusted earnings per share of $0.66, which beat estimates. HOOD stock declined in after-hours trading following the earnings release.
Crypto trading revenue fell 38% from the prior year to $221 million. This decline resulted from lower digital asset trading volumes compared to 2024’s more favorable market conditions.
Transaction revenue increased 15% to $776 million, led by equities and options trading. Operating expenses rose 38% to $633 million due to compliance and growth efforts.
For the full year 2025, Robinhood achieved record annual revenue of $4.5 billion. The company also reported adjusted EBITDA of $2.5 billion and total platform assets of $324 billion.
The company finished the quarter with $4.3 billion in cash and cash equivalents. These funds are intended for growth and expansion into international markets.
