Robinhood continued to beat Wall Street estimates in Q2, building on its strong start to 2025. Its success was attributed to this year’s strategic acquisitions and international expansion.
Key Takeaways
- Robinhood’s Q2 revenue was up 45% year-over-year to $989 million.
- Robinhood Gold subscribers reached a new record of 3.5 million.
- New product launches and global expansion strategies paved the way for the strong results seen in Q2.
Robinhood went from strength to strength in Q2, surpassing analysts’ expectations by a considerable margin. It comes following record-breaking net deposits in Q1, despite volatile conditions at the start of this year.
In its financial results published on Wednesday, the trading platform posted $989 million in overall revenue, $160 million of which was crypto-related. That’s a 45% increase in revenue since last year, and a 98% rise for the company’s crypto trading revenue alone.
Net income increased 105% year-over-year to $386 million, with adjusted EBITDA (non-GAAP) climbing 82% to $549 million.
Robinhood also reported a 10% jump in its funded customers, which rose by 2.3 million to a total of 26.5 million. Its Average Revenue Per User (ARPU) also grew by over a third (34%) year-over-year to $151.
Robinhood’s success fueled by expansion and innovation
Leadership attributed the platform’s continued success to a number of strategies the company has been concentrating on this year. Its global expansion has played a role in the growth seen in Q2, as has its focus on product velocity.
UK customers benefited from the expansion of Robinhood Legend availability during the quarter, something that the platform’s active traders have welcomed.
In terms of crypto expansion, Robinhood has now expanded into 30 countries across Europe and begun offering Crypto staking to eligible US customers. It has also launched Stock Tokens in Europe on over 200 US stocks and ETFs.
New acquisitions played a huge role in the robust results seen in Q2. In June, we saw Robinhood complete the acquisition of Bitstamp Cryptocurrency Exchange, which has over 50 active licenses and registrations. Another acquisition, this time of Canadian digital asset provider WonderFi, is also on the horizon.
Robinhood’s digital advisory offering, Robinhood Strategies, now manages $0.5 billion in assets on behalf of over 100,000 customers. Q2 also saw Robinhood Gold reach a record 3.5 million subscribers, with 300,000 joining Robinhood’s credit card. The company is now looking to grow its market share through further expansion.
Stocks climb in response to Q2 results
The strategic acquisitions completed this year have already helped Robinhood’s stock rise by 177%. And as its Q2 results were revealed, stocks jumped another 2.69% in regular trading and 0.64% after-hours.
Robinhood CEO and Chairman Vlad Tenev celebrated the company’s “strong business results in Q2” which he said were “driven by relentless product velocity.” He went on to explain that he believes the launch of tokenization is “the biggest innovation our industry has seen in the past decade.”
Jason Warnick, Chief Financial Officer of Robinhood commented: “Q2 was another great quarter as we drove market share gains, closed the acquisition of Bitstamp and remained disciplined on expenses. And Q3 is off to a great start in July, as customers accelerated their net deposits to around $6 billion and leaned in with strong trading across categories.”
