Robinhood (NASDAQ: HOOD) filed an 8-K on 29 July 2026 to release its second-quarter 2026 results, and they were records across the board: total net revenue of $1.31 billion (up 32% from a year ago) and diluted earnings per share of $0.62 (up 48%), both comfortably ahead of what Wall Street was expecting.

The numbers

• Revenue: $1.31 billion, +32% year-over-year — a record — versus an analyst estimate of about $1.26 billion. A beat.
• Diluted EPS: $0.62, up 48%, versus estimates of roughly $0.42 — a large beat. Note: about $0.14 of that came from a one-time gain (the deconsolidation of an internal fund, "RVI"); stripping it out, underlying EPS was closer to $0.48 — still a beat.
• Where the money came from: transaction revenue $776M (+44%), driven by options $342M (+29%), prediction/event contracts $156M (up more than 10x), and equities $129M (+95%). Crypto was the soft spot at $100M, down 38%.
• Net interest revenue: $389M (+9%); other revenue $143M (+54%, helped by new "Trump Accounts" and Gold subscriptions).
• Adjusted EBITDA: $741M (+35%), a 57% margin.
• Customers & assets: Gold subscribers hit a record 4.8M (+39%); funded customers 28.4M (+7%); net deposits $21.7B; total platform assets $369B (+32%).
• Guidance: Robinhood trimmed and tightened its 2026 adjusted operating-expense-plus-SBC outlook to $2.675–$2.775 billion (from $2.7–$2.825 billion), signalling cost discipline.

What was filed, and what "8-K item 2.02" means

An 8-K is the form US companies use to tell the market about a material event between their regular quarterly reports. Item 2.02 is the specific line item for "Results of Operations and Financial Condition" — in plain English, it is how a company officially publishes its earnings. The actual numbers usually sit in an attached exhibit (Exhibit 99.1, the press release). So when you see an 8-K tagged 2.02 from a big name after the market closes, that is earnings day.

Why it matters

The headline story is diversification. A few years ago Robinhood lived and died on stock and crypto trading. This quarter, crypto revenue actually fell 38%, yet total revenue still rose 32% — because options, prediction markets, net interest income, banking, credit cards and subscriptions picked up the slack. Management says thirteen separate business lines now generate $100 million or more in annualised revenue. A company that can grow while one of its biggest engines stalls is, structurally, less fragile.

Two cautions for a careful reader. First, part of the profit was a one-off accounting gain, so the "48% EPS growth" flatters the underlying trend — look at the ~$0.48 clean figure. Second, fast expansion into new areas (prediction markets, lending, international, crypto abroad) brings new regulatory and credit risk, which the filing itself lists at length.

Beginner takeaway

Robinhood grew fast and beat expectations, and the growth is coming from more places than before — which lowers its dependence on volatile crypto trading. Just remember that one-time gains can inflate a single quarter's profit, so it is worth separating the underlying business from the accounting fireworks.

FAQ

Does "beating estimates" mean the stock will go up? Not necessarily. Share prices move on how results compare with expectations that are already baked in, plus guidance and mood — a beat can still be followed by a fall. We do not predict prices here.

What is a "prediction / event contract"? It is a product that lets users bet on the yes/no outcome of an event (like an election or a sports result). Each contract settles at $1 if the outcome happens and $0 if it does not. It was Robinhood's fastest-growing revenue line this quarter.

What does "deconsolidation" mean and why did it boost profit? When a company stops fully owning/controlling a subsidiary, accounting rules make it re-value its remaining stake, which can create a one-time paper gain. That is what added roughly $0.14 to EPS — real under the rules, but not repeatable.

What is Adjusted EBITDA? It is profit before interest, tax, depreciation and some one-off items. Companies like it because it shows "core" operating performance, but because each firm defines it slightly differently, always compare it with the official GAAP net income too.

As of 30 July 2026. Source: official SEC filing — read it directly here. We summarise filings for education and may make errors, so always verify against the official document. Educational content only — not investment advice, not a buy/sell recommendation.