Robinhood’s Leaders Celebrate Impressive Q2 Growth

Robinhood’s Surging Growth in Q2
Robinhood’s leadership revealed that the company’s event contracts more than doubled during the second quarter, fueled by the expanding popularity of prediction markets.
Strong Performance Highlights
Vladimir Tenev, Robinhood’s co-founder and CEO, shared that the platform experienced significant advancement across multiple fronts. Robinhood concluded the quarter as the top platform for active traders and wallet share among the next generation, establishing itself as the leading global financial ecosystem.
This success was driven by record trading activity, including 11 million futures contracts traded, a 60% rise in index volume reaching 17 million, and event contracts nearly hitting 1 billion — more than twice the first quarter’s volume.
Unlike many competitors, Robinhood does not operate its own exchange. Instead, it provides users access to Kalshi’s markets. With a fee of one cent per transaction, Robinhood generated roughly $10 million in fees payable to Kalshi.
Tenev credited the growth to continuous innovation and newly introduced tools and loyalty incentives that attracted even more traders to the platform.
He also noted that the average assets per funded customer grew to $10,000, surpassing earlier expectations that such accounts would remain in the low thousands. In his words:
“Many believed Robinhood’s assets per account would stay in the low single-digit thousands, but we keep compounding, and that number steadily climbs.”
Vladimir Tenev, Co-founder & CEO, Robinhood
Financial Strength and Outlook
Chief Financial Officer Jason Warnick addressed the financial details of the quarter, reporting revenues of $989 million, supported by strong year-over-year growth and high trading volumes.
Warnick highlighted the rapid increase in contract volumes, reflecting strong product momentum. He also pointed to the Gold cash sweep balances surpassing $30 billion—a tenfold growth since Robinhood introduced the high-yield offering three years ago.
Robinhood Gold subscriptions also soared to 3.5 million, achieving a remarkable 75% increase year-over-year.
Following its acquisition of Bitstamp, Robinhood maintained disciplined spending, resulting in a 45% revenue increase year-over-year, 81% incremental adjusted EBITDA margins, and earnings per share doubling compared to the previous year.
Looking ahead to Q3, Warnick shared that early indicators remain promising with continued growth. Sports contracts continue to lead in popularity, while political contracts also attract significant user interest.