New York, June 10, 2026, 09:48 EDT
- Robinhood shares climbed 8.2% to $90.63 after the firm posted May operating metrics following Tuesday’s close.
- Robinhood Markets, Inc. said total platform assets hit $377 billion. Equity trading volume picked up 27% from April, while event contracts increased 22%.
- But Robinhood app crypto trading volume is still off 50% from a year ago. And new CFTC rules could change how the event-contract business grows.
Robinhood Markets shares climbed Wednesday as May numbers showed gains in customer assets and trading. Activity was up in stocks, options, margin borrowing and prediction-market contracts compared with April. HOOD was lately at $90.63, up $6.86 since Tuesday, after opening at $84.23 and hitting $91.39 earlier in the session.
Robinhood released its update late Tuesday. The company said it had 27.7 million funded customers at May’s end, which is about 110,000 higher than in April and up by 1.76 million over the last year. Robinhood’s Total Platform Assets came in at $377 billion, a 9% increase from April and up 48% year over year.
Robinhood’s asset count is getting attention as the company is seen as more than just a zero-commission broker. More assets support revenue from trading, margin, cash, advice and subscriptions. Net deposits hit $5.6 billion in May. For the 12 months, deposits were $69.1 billion, up 27% from May 2025 platform assets.
Trading led the pack. Equity notional trading volume hit $315.3 billion in May, a 27% jump from April and up 75% over last year. Average daily equity volume climbed 34% month-on-month to $15.8 billion. Options contracts traded moved to 231.1 million.
That’s the key takeaway for investors. Robinhood pulled in $623 million in transaction-based revenue for the first quarter, up 7% from a year ago, with gains in equities, options and what it calls “other transaction revenue”—mostly event contracts, according to the company. May volume numbers point to better trading activity at the start of the second quarter, more than what the Q1 stock drop suggested. Robinhood Markets, Inc.
Interest income is also in play. Margin balances—what customers borrow on their portfolios—hit $19.5 billion at May’s end. That’s up 8% from April, and 117% higher than a year ago. In the first quarter, Robinhood’s net interest revenue jumped 24% to $359 million, mostly on higher interest-earning assets. Lower short-term rates and less in securities lending held things back a bit.
Prediction markets are getting busier. Robinhood (HOOD) said traders handled 3.9 billion event contracts in May, a 22% increase from April. These event contracts are simple yes-or-no bets that pay out based on set outcomes. Robinhood offers them through its derivatives arm and CFTC-regulated partner exchanges.
Crypto action was mixed. Total crypto notional volume hit $12.2 billion, up 3% from April and 4% from last year. But crypto volume on the Robinhood app came in at $5.9 billion, still down 50% year over year. Bitstamp added $6.3 billion in May, lifting the total above what the Robinhood app showed alone.
Robinhood’s monthly numbers aren’t audited like quarterly earnings, and the company called its latest quarter data preliminary, warning that final results at the SEC filing could change. Net deposits fell to $5.6 billion in May from $6.0 billion the month before. Crypto activity on the app is still much lower than a year ago. Any drop in equity trades or margin demand could hit the current investor mood hard.
Regulation is also on the agenda. The CFTC on Wednesday asked for public input on potential new event contract rules, proposing to review deals linked to gaming, war, terrorism, assassination, and unlawful activity. Chairman Michael S. Selig said, “The CFTC will protect the integrity of our regulated markets without standing in the way of responsible innovation.” Commodity Futures Trading Commission
The rally has pushed Robinhood’s market cap to around $82.9 billion, with the stock trading at a price-to-earnings ratio of roughly 44. That’s a high bar, and could leave investors little room if the boost seen in May doesn’t extend into June or through the quarter.
The focus now shifts to June’s operating data to see if the trading pickup in May was just a blip or something more. Robinhood is also facing a CFTC event-contract rulemaking, which could affect how far it can push into one of its best-performing product lines.
