Robinhood (HOOD) reported adjusted third-quarter 2026 earnings of 60 cents per share, above the Zacks Consensus Estimate of 56 cents but down 3% year over year, and net income fell 14% to $476 million. Total net revenues rose 12% to a record $1.42 billion, below the $1.44 billion consensus, as options revenues grew 31% to $399 million and equities revenues grew 41% to $121 million, while cryptocurrency revenues fell 55% to $120 million. Total operating expenses rose 16% to $739 million, mainly on higher credit-loss provisions and costs tied to Trump Accounts and Rothera. Robinhood trimmed the upper end of its 2026 adjusted operating expense outlook by $25 million to $2.68–$2.75 billion, and shares fell almost 8% in after-hours trading.
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