Robinhood (HOOD) just announced an impressive second quarter, significantly exceeding Wall Street's expectations as its strategic focus on crypto and international growth pays off. The popular trading platform reported a staggering 98% year-over-year increase in crypto trading revenue, reaching $160 million, up from $81 million in the same period last year. This surge was fueled by $28.3 billion in crypto trading volume for the quarter.
Overall, Robinhood’s financial performance was robust, with adjusted earnings per share (EPS) hitting $0.42, well above the $0.31 consensus estimate, and total revenue climbing 45% to $989 million.
CEO Vlad Tenev highlighted "tokenization" as the biggest innovation in the industry in the last decade, underscoring the company's commitment to product innovation.
Robinhood's stock has seen a remarkable year, surging 177% so far and pushing its market capitalization to $91 billion, nearly matching Coinbase (COIN). This growth isn't just market momentum; it's also a result of strategic acquisitions. In June, Robinhood acquired crypto exchange Bitstamp for $200 million and followed up with the $179 million purchase of Canadian crypto platform WonderFi, significantly expanding its regulated presence in North America. The company is also making inroads in Europe by offering tokenized versions of traditional financial assets on the blockchain.
While HOOD shares remained largely unchanged in after-hours trading, COIN shares saw a slight positive movement ahead of their earnings report.
July 2025, Cryptoniteuae