Online trading platform Robinhood Markets (HOOD) has reported second-quarter financial results that beat Wall Street targets driven by 45% year-over-year revenue growth.
The company, whose stock trading app is popular with individual investors, announced earnings per share (EPS) of $0.42 U.S., which beat the $0.31 U.S. expected among analysts.
Revenue of $989 million U.S. topped the $908 million U.S. forecast on Wall Street.
The company’s sales were up 45% from a year earlier, while its net income more than doubled (up 105%) from the same quarter of 2024.
HOOD stock came into the Q2 print up 169% on the year, making it the best-performing large-cap U.S. technology stock of 2025.
Management said that the number of funded customers using Robinhood’s trading platform rose by 2.3 million to 26.5 million during Q2, beating estimates of 26.1 million.
Total platform assets nearly doubled, rising 99% from a year earlier to $279 billion U.S., driven by strong deposits and higher stock and cryptocurrency valuations.
Transaction-based revenue, which is a proxy for trading activity, came in at $539 million U.S., ahead of estimates that called for $517 million U.S.
At the same time, average revenue per user rose 34% year-over-year to $151 U.S., topping the $142 U.S. consensus forecast.
Robinhood continues to expand beyond retail trading into full-scale wealth management, offering credit cards and retirement accounts to its customers.
Robinhood is also pushing into gaming, sports betting, and prediction markets, with customers trading nearly $1 billion U.S. worth of such contracts last quarter.
Management said during their earnings call with analysts and media that they plan to launch “Robinhood Banking” this autumn.
The bank offering will let customers bring even more of their assets onto the company’s platform, said Robinhood’s senior management team.
HOOD stock is currently trading at $105.11 U.S. per share.
