Updated: November 5, 2025
At a glance: Robinhood Markets (NASDAQ: HOOD) reported Q3 2025 net income of $556 million ($0.61/share) on $1.27 billion in revenue, powered by a surge in retail trading. Management also disclosed a CFO transition beginning in early 2026. Shares finished today’s regular session up about 4.4% at $142.76 ahead of the 5:00 p.m. ET earnings webcast. [1]
What happened today
- Earnings out after the bell. Robinhood said Q3 profit “nearly quadrupled” year over year as retail traders leaned into an AI‑fueled market rally. Transaction‑based revenue more than doubled to ~$730 million, with equities +132%, crypto +300%, and options +50% versus last year. Premium Gold subscribers reached ~3.9 million (+77% YoY). [2]
- CFO succession. Longtime finance chief Jason Warnick will retire in 2026. Shiv Verma, a company insider, has been named successor. [3]
- Event timing. The Q3 2025 earnings livestream is scheduled for 5:00 p.m. ET (2:00 p.m. PT). [4]
By the numbers (Q3 FY2025)
- Revenue:$1.27B, +100% YoY
- Net income:$556M, +271% YoY
- Diluted EPS:$0.61, +259% YoY
- Transaction‑based revenue:$730M (mix: crypto, options, equities as noted above)
These headline figures come from the company’s release and same‑day coverage. [5]
How that stacked up vs. expectations: Ahead of the print, Wall Street looked for ~$1.21B in revenue and ~$0.54 in EPS, implying a beat on both lines with $1.27B and $0.61 reported. [6]
Market reaction
- Price action: HOOD closed +$5.96 (+4.36%) at $142.76. Today’s move followed a volatile week into earnings. (Intraday high: $144.72; low: $135.33.)
- Context: Robinhood joined the S&P 500 in September, a milestone that broadened its investor base. [7]
What’s driving results
- Retail momentum & product breadth. Reuters highlights robust retail participation and a broader product suite—prediction markets (via Kalshi), UK futures, and an expanding premium tier—as tailwinds for engagement and monetization. Gold subscribers rose to ~3.9M. [8]
- Trading mix.Equities, crypto, and options volumes all expanded significantly year over year, lifting transaction‑based revenue to ~$730M. [9]
What to watch next
- Guidance and October trends: Management said Q4 started strong in October with record monthly activity across several products—listen for color on sustainability into year‑end. [10]
- CFO transition details: Timelines and priorities for incoming CFO Shiv Verma, and any changes to capital allocation or expense cadence. [11]
- Crypto sensitivity: With crypto revenues up sharply, HOOD remains sensitive to digital‑asset volumes and volatility. (Recall Q4 2024/Q1 2025 crypto‑led surges.) [12]
- Regulatory backdrop: Robinhood’s crypto unit cleared a high‑profile SEC probe earlier this year, reducing one overhang; any new policy signals still matter. [13]
Analyst setup heading into the print
Consensus heading into today called for EPS ~$0.54 and revenue ~$1.21B, with several outlets noting ~90% YoY top‑line growth and a strong year‑to‑date run for the stock. Options markets were pricing a sizable move into the event. [14]
Bottom line
On November 5, 2025, HOOD delivered a powerful quarter—beating Street revenue and EPS estimates, unveiling a planned CFO handover, and underscoring the role of retail trading and new products in its growth story. With the earnings call set for this evening, investors will be focused on Q4 trends, crypto mix durability, and expense discipline as the company heads into the holiday quarter. [15]
References
1. www.reuters.com, 2. www.reuters.com, 3. www.reuters.com, 4. investors.robinhood.com, 5. finviz.com, 6. www.investors.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.reuters.com, 14. www.investors.com, 15. www.reuters.com


