MENLO PARK, California, August 13, 2026, 8:09 p.m. EDT — U.S. stock markets have ended the session.
- Robinhood stock ended the session up 4.7% at $99.37.
- Crypto notional in July dropped 62% from a year earlier, while event contracts increased twenty times.
- The stock is currently valued at 43.94 times earnings, with the consensus analyst target suggesting potential upside of 24.4%.
Shares of Robinhood Markets, Inc. NASDAQ:HOOD rose 4.7% on Thursday, supported by preliminary July figures indicating that robust growth in event contracts and options is offsetting a steep decline in crypto activity. The stock finished trading at $99.37 and moved up to $99.70 in after-hours transactions.
The composition is more significant than the overall total. Event-contract revenue climbed to $156 million in the second quarter—1.56 times Robinhood’s $100 million from crypto transactions. In July, this divergence grew: event contracts surged twenty times compared to a year earlier, while notional crypto volume declined by 62%.
“Hood stock” was among the most recent queries trending in the U.S. daily feed, surfacing after Robinhood released news on Wednesday and a market move on Thursday. The term became the top eligible market-related trend once prior 12-hour topics were filtered out. Google Trends
Robinhood described the July data as preliminary and unaudited. The number of funded customers increased by 80,000 compared to June, reaching 28.5 million. Total assets on the platform fell 4% to $355 billion, even though net deposits amounted to $5.6 billion.
| July operating metric | July 2026 | Change vs previous month | Change vs previous year |
|---|---|---|---|
| Funded customers | 28.5 million | +80,000 | +1.77 million |
| Total platform assets | $355 billion | -4% | +19% |
| Net deposits | $5.6 billion | 18% annualized growth | — |
| Equity notional | $333 billion | -15% | +59% |
| Options contracts | 324 million | +2% | +66% |
| Crypto notional | $10.9 billion | -33% | -62% |
| Event contracts | 6.1 billion | -5% | 20x |
| Margin balances | $20.7 billion | -4% | +82% |
The annualized deposit rate reached 18% compared to June assets, indicating customer retention despite declining market values. However, platform assets now comprise Trump Account assets from July, making it difficult to compare figures month-to-month with complete accuracy.
The breakdown of second-quarter revenue shows why investors might overlook sluggish crypto activity. Options continued to be the leading selected transaction category. Event contracts had already surpassed crypto prior to the volume gap seen in July.
| Selected Q2 transaction line | Revenue | Year-on-year change | July activity signal |
|---|---|---|---|
| Options | $342 million | Up 29% | Contracts up 66% YoY |
| Event contracts | $156 million | Over 10 times higher | Contracts up 20 times YoY |
| Equities | $129 million | Rising 95% | Notional up 59% YoY |
| Crypto | $100 million | Down 38% | Notional down 62% YoY |
Robinhood posted all-time high revenue for the second quarter at $1.31 billion, with diluted earnings of $0.62 per share. Chief Financial Officer Jason Warnick stated, “The business is firing on all cylinders.” Quarterly results reflected $0.14 per share in gains, primarily due to the deconsolidation of Robinhood Ventures Fund I. Robinhood Q2 results
The action on Thursday was driven by factors unique to each company. Coinbase Global, Inc. NASDAQ:COIN advanced 3.26%, and Interactive Brokers Group, Inc. NASDAQ:IBKR dipped 0.26%. The Charles Schwab Corporation NYSE:SCHW posted a 0.66% gain. Robinhood outperformed the average of its equal-weight peers by 3.48 percentage points.
| Security | Aug. 13 close | Daily change | Market cap |
|---|---|---|---|
| Robinhood | $99.37 | increased 4.70% | $89.34 billion |
| Coinbase | $153.90 | up 3.26% | $40.60 billion |
| Interactive Brokers | $91.42 | fell 0.26% | $155.76 billion |
| Charles Schwab | $110.06 | added 0.66% | $190.33 billion |
| S&P 500 | 7,798.99 | gained 0.65% | — |
The surge increased Robinhood’s market value by around $4.0 billion. That represents approximately 72% of July’s net deposits, although these deposits do not count as revenue for the company. Trading activity reached just 78% of its recent average, limiting the impact of the move.
Valuation offers scant margin for a softer mix. Robinhood trades at a price-to-earnings ratio of 43.94, which is 21% higher than Interactive Brokers and 120% higher than Schwab. The company’s beta is 2.35, exceeding Schwab’s by more than threefold.
| Company | P/E ratio | Beta | 52-week range |
|---|---|---|---|
| Robinhood | 43.94 | 2.35 | $63.52-$153.86 |
| Interactive Brokers | 36.40 | 1.34 | $58.95-$97.83 |
| Charles Schwab | 20.01 | 0.76 | $83.96-$110.20 |
| Coinbase | Not meaningful | 3.36 | $139.11-$402.16 |
Analysts hold a mainly bullish view, but there is some divergence on price targets. According to Google Finance, 15 out of 18 analysts recommend buying Robinhood, while three advise holding and none suggest selling. The average price target of $123.58 points to a 24.4% potential rise, while the lowest target, at $100, indicates an increase of only 0.6%.
| Analyst | Firm | Latest action | Rating | Target |
|---|---|---|---|---|
| David Smith, CFA | Truist | Reaffirmed Aug. 13 | Buy | Not listed |
| Manyi Lu | DBS | Reaffirmed Aug. 13 | Buy | $120 |
| Benjamin Budish | Barclays | Reaffirmed Aug. 13 | Buy | $105 |
| Craig Siegenthaler | Bank of America | Reaffirmed Aug. 5 | Buy | $140 |
| Andrew Harte | BTIG | Confirmed Aug. 4 | Buy | $125 |
| Christopher Allen | KBW | Reaffirmed July 31 | Hold | $100 |
Risks persist. Robinhood’s July activity could shift before the books close, and contract numbers are not the same as revenue. Additional declines in crypto, diminished retail trading, or less favorable event-contract economics might put the stock’s premium valuation at risk.
