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Robinhood Q1 Earnings Highlights: Record Trading Volumes, Transaction-Based Revenues Up 77%, Gold Subscribers Up 90%
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Robinhood Q1 Earnings Highlights: Record Trading Volumes, Transaction-Based Revenues Up 77%, Gold Subscribers Up 90%
May 25, 2025 10:23 PM

Robinhood Markets inc. ( HOOD ) released its first-quarter results after Wednesday's closing bell. Here's a look at the details from the quarter. 

The Details: Robinhood reported quarterly earnings of 37 cents per share, which beat the analyst consensus estimate of 32 cents. Quarterly revenue of $927 million beat the analyst consensus estimate of $922.53 million and is up from $618 million from the same period last year.

Transaction-based revenues increased 77% year-over-year to $583 million. This total came from the following:

Cryptocurrency revenue of $252 million, up 100% year-over-year.

Options revenue of $240 million, up 56%, year-over-year.

Equities revenue of $56 million, up 44%.

Read Next: SoFi Brings Crypto Back After Trump Policy Changes 

For the first quarter, Robinhood reported:

Funded Customers increased 8% year-over-year to 25.8 million.

Investment Accounts increased 11%, year-over-year to 27 million.

Total Platform Assets increased 70% year-over-year to $221 billion.

Net Deposits were $18 billion, an annualized growth rate of 37%.

Average Revenue Per User (ARPU) increased 39% year-over-year to $145.

Robinhood Gold Subscribers increased by 1.5 million, or 90%, year-over-year to 3.2 million.

Robinhood Retirement AUC increased over 200% year-over-year to a record $14.4 billion.

Cash Sweep increased 48% year-over-year to a record $28.2 billion.

Margin Book increased 115% year-over-year to a record $8.8 billion.

Equity Notional Trading Volumes increased 84% year-over-year to $413 billion.

Options Contracts Traded increased 46% year-over-year to a record 500 million.

Crypto Notional Trading Volumes increased over 28% year-over-year to $46 billion.

“This quarter, we significantly accelerated product innovation across our key initiatives, highlighted by the announcement of Robinhood Strategies, Banking and Cortex,” said Vlad Tenev, CEO of Robinhood. 

“Customers have clearly responded — demonstrated by record-breaking net deposits, Robinhood Gold subscriptions and options volume, as well as robust year-over-year growth in trading across all asset classes,” Tenev added.

HOOD Price Action: According to data from Benzinga Pro, Robinhood stock was down 0.53% after-hours at $48.85 at publication on Wednesday.  

Read Next: 

‘Sell In May And Go Away?’ Only In Bear Markets, One Expert Says 

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