New York time check: It is 5:48 p.m. ET on Friday, December 26, 2025.
With the closing bell already behind us, Robinhood Markets, Inc. (HOOD) is ending the post-Christmas session in a market that’s still hovering near record territory—even as trading volumes remain thin into year-end.
Robinhood stock price today: Where HOOD stands after the bell
As of the latest available quote (after the 4:00 p.m. ET close), HOOD is trading around $118.13, down about 1.9% on the day, after moving between roughly $117.65 and $121.32. The company’s market capitalization is about $127 billion (based on this quote), with a reported trailing P/E near 58.
Market backdrop: U.S. equities finished fractionally lower in light, post-holiday trading, snapping a short winning streak while still sitting close to all-time highs. Reuters reported the Dow fell ~0.04%, the S&P 500 ~0.03%, and the Nasdaq ~0.09% on December 26. [1]
ETFs tracking the major benchmarks were similarly flat-to-down into the close (SPY and QQQ both slightly lower).
Why Robinhood matters more into 2026 than it did a year ago
Robinhood’s story in 2025 has increasingly looked less like a “meme-stock era” aftershock and more like a levered play on retail participation, crypto volatility, options activity, and net interest income—all of which have been influenced by the market’s late-cycle dynamics.
A Reuters report on Robinhood’s Q3 results captured the market’s changing view of the company: Zacks Investment Research strategist David Bartosiak called Robinhood “turning into a fintech juggernaut,” as the broker benefited from sustained retail engagement across crypto, options, and equities. [2]
And at the company level, Robinhood has been telling investors it’s building breadth: in its Q3 2025 release filed with the SEC, CEO Vlad Tenev pointed to “product velocity,” while CFO Jason Warnick said the firm was diversifying business lines—highlighting prediction markets and Bitstamp as meaningful contributors. [3]
The biggest fundamentals driving HOOD stock right now
1) Transaction-based revenue is surging again (options + crypto + equities)
Robinhood’s Q3 2025 results show just how much operating leverage the platform can generate when customer activity rises:
- Total net revenues:$1.27 billion (up 100% YoY) [4]
- Transaction-based revenues:$730 million (up 129% YoY) [5]
- Net income:$556 million (up 271% YoY) [9]
- Diluted EPS:$0.61 (up 259% YoY) [10]
In other words: when markets reward risk-taking (and when retail is active), Robinhood’s model can throw off meaningful profits—especially because a large portion of costs don’t scale one-for-one with trading volume.
2) Net interest revenue remains a core pillar (and is rate-sensitive)
In Q3 2025, Robinhood reported net interest revenues of $456 million (up 66% YoY), driven by growth in interest-earning assets and securities lending activity—though it also noted an offset from lower short-term interest rates. [11]
That matters into 2026 because the macro narrative is increasingly rate-driven again. Reuters reported the Fed cut rates by 75 basis points over the last three meetings of 2025 (to 3.50%–3.75%) and investors are focused on what comes next—especially with Fed minutes due next week. [12]
For Robinhood, lower rates can be a mixed bag: they may boost risk appetite (good for trading), while compressing certain interest-driven spreads (potential headwind).
3) “Monthly metrics” show where activity is cooling — and where it isn’t
Robinhood’s November 2025 operating data (released Dec. 10) is the most recent high-frequency read-through on customer activity:
- Funded customers:26.9 million (down ~130k vs. October; up ~2.1M YoY), with an escheatment impact called out by the company [13]
- Total platform assets:$325 billion (down 5% month-over-month; up 67% YoY) [14]
- Net deposits:$7.1 billion in November [15]
- Equity notional volumes:$201.5 billion (down vs. October; up YoY) [16]
- Options contracts traded:193.2 million (down vs. October; up YoY) [17]
- Crypto notional volumes:$28.6 billion (down vs. October; down YoY), with Robinhood App volumes much lower YoY while Bitstamp contributes significant volume [18]
- Event contracts traded:3.0 billion (up 20% vs. October) [19]
- Margin balances:$16.8 billion (up 147% YoY) [20]
The headline: some activity cooled month-over-month after a very hot October, but deposits, platform assets (YoY), margin, and event contracts show Robinhood is still capturing wallet share—particularly from engaged traders.
The headlines moving Robinhood in late December
Prediction markets are expanding — and drawing regulatory attention
Robinhood has been pushing deeper into event contracts (its prediction markets hub), and in mid-December Reuters reported the company rolled out sports-focused contracts tied to individual NFL player performance—a move aimed at differentiation in a crowded field. [21]
In that Reuters report, Adam Hickerson (senior director of futures at Robinhood) said competition is intense but argued Robinhood’s early entry helped it refine the product. Critics, however, have argued event contracts resemble sports betting and could encourage speculative behavior; industry players counter that contracts are regulated under the CFTC framework. [22]
MarketWatch also noted that prediction-market activity has shifted heavily toward sports as volumes have grown dramatically versus early 2024 levels, and that Robinhood is among the platforms leaning into this trend—alongside ongoing regulatory scrutiny and debate about where prediction markets end and sports betting begins. [23]
Why it matters for HOOD stock: Prediction markets can become a meaningful engagement and revenue driver, but they also introduce policy and reputational risk if regulators or states move to restrict the product category.
Barclays’ bullish call adds to a generally positive analyst tone
One of the most-cited recent analyst moves: Barclays raised its price target on Robinhood to $171 from $168 and maintained an Overweight rating, according to a report republished by TipRanks (via The Fly). [24]
Analyst targets do not move stock prices by themselves, but into year-end—when liquidity can be thin—fresh targets and notes can amplify momentum and narrative.
Robinhood is being name-checked as a 2025 winner
The Financial Times’ year-end winners/losers roundup highlighted Robinhood as among notable winners in 2025, citing a sharp increase in market value amid a resurgence in retail and crypto trading. [25]
Analyst forecasts for HOOD: Why price targets vary so much
If you search for “HOOD stock forecast,” you’ll quickly notice that consensus targets differ by platform, largely due to different data-vendor inputs, timing, and which analysts are included.
A few widely referenced snapshots:
- MarketBeat lists a 12‑month average price target around $137.30, with a very wide range (high $180, low $47). [26]
- TipRanks shows an average/rolling target around the low $150s and a heavy skew toward Buy ratings in its tally. [27]
- TradingView also aggregates targets around the mid‑$150s with a high estimate of $180. [28]
How to read this as an investor: The dispersion is a signal in itself. Robinhood is still a stock where reasonable analysts can model very different outcomes depending on assumptions about:
crypto activity, options volumes, interest rates/spreads, regulatory limits, and how sticky Robinhood Gold and newer product lines become.
Earnings: The next big catalyst — but watch the date carefully
Because it’s late December, the next earnings report is the next major scheduled event for HOOD. However, data providers currently disagree on the precise date.
- Nasdaq’s earnings page shows an estimated date of Feb. 11, 2026 (algorithm-derived). [29]
- Zacks also lists Feb. 11, 2026 as the expected date. [30]
- TipRanks, meanwhile, shows a Feb. 18, 2026 after-close listing that it labels “confirmed.” [31]
Investor takeaway: Treat the next earnings timing as mid-February 2026 until Robinhood posts an official announcement through its filings/press releases. The exact day matters because HOOD can move sharply on earnings, and liquidity conditions can differ drastically depending on what else is scheduled that week.
What could move HOOD stock next: 5 drivers to watch into Monday’s open
Because the regular stock exchange session is closed right now, what happens between now and the next open can matter even more than usual—especially for a retail-heavy name like Robinhood.
1) After-hours liquidity and spreads
Nasdaq defines the regular session as 9:30 a.m. to 4:00 p.m. ET, with a post-market session that can run to 8:00 p.m. ET. [32]
After-hours trading tends to have thinner liquidity and wider spreads, which can exaggerate moves—particularly during holiday weeks.
2) Crypto’s weekend effect
Crypto trades continuously, and Bitcoin is hovering near $87K in the latest quote, slightly lower on the day.
Robinhood’s results and narrative are closely tied to crypto engagement (both directly via trading revenue and indirectly via risk sentiment), so a big weekend move in BTC can feed into Monday positioning.
3) Year-end flows and the “Santa Claus rally” narrative
Reuters described the market context as light volume with major indexes near records, noting that seasonal dynamics and portfolio adjustments can amplify otherwise modest moves. [33]
For HOOD, year-end positioning can be especially influential because the stock has been a high-beta way to express views on retail activity and speculative appetite.
4) Fed expectations — especially next week’s Fed minutes
Reuters flagged that minutes from the Fed’s December meeting are due next week and could shape the rate-cut narrative. [34]
Rates matter to Robinhood through both (a) investor risk appetite and (b) net interest revenue economics.
5) Any incremental updates on prediction markets
With Robinhood expanding sports event contracts, and with regulators watching the space, headlines can become catalysts quickly—either positive (product expansion) or negative (legal pushback). [35]
Risks investors shouldn’t ignore with Robinhood stock
Robinhood’s upside comes with real risks—some of them unique:
- Regulatory risk (multi-agency): Event contracts are positioned as CFTC-regulated derivatives, but they are also facing criticism and potential scrutiny at the state level. [36]
- Crypto cyclicality: Crypto trading can surge (boosting revenue) and then drop quickly; monthly metrics show meaningful month-to-month variability in crypto notional volumes. [37]
- Retail sentiment sensitivity: Reuters has reported that retail participation is structurally higher, but that doesn’t mean it’s stable day-to-day; “risk-on/risk-off” regimes can swing quickly. [38]
- Interest-rate crosscurrents: Lower rates may stimulate trading but can pressure interest spreads—making the net impact non-linear. [39]
- Execution risk on new lines: Robinhood is investing in newer segments (including prediction markets and other expansions), which can lift long-term optionality but also raises near-term spend and complexity. [40]
What investors should know before the next session
Because it’s after the close in New York, here’s the practical checklist before the next regular trading session (Monday, Dec. 29, 2025):
- Separate the “close” from the “after-hours print.” HOOD can drift after 4 p.m. ET on relatively small orders—especially in holiday weeks. Nasdaq’s post-market session runs later into the evening. [41]
- Watch Bitcoin and crypto headlines over the weekend. If BTC gaps materially, expect sympathy moves in crypto-linked equities (including HOOD) on Monday. [42]
- Re-scan the latest Robinhood operating metrics for trend direction. The November snapshot is your most current “customer activity dashboard,” including deposits, platform assets, margin balances, and event contracts. [43]
- Know your next catalyst window: earnings are broadly expected in mid-February 2026, but the exact date varies across providers—so keep your calendar flexible until officially confirmed. [44]
- Respect the macro calendar: next week’s Fed minutes and year-end positioning can swing high-beta names more than usual when volumes are thin. [45]
References
1. www.reuters.com, 2. www.reuters.com, 3. www.sec.gov, 4. www.sec.gov, 5. www.sec.gov, 6. www.sec.gov, 7. www.sec.gov, 8. www.sec.gov, 9. www.sec.gov, 10. www.sec.gov, 11. www.sec.gov, 12. www.reuters.com, 13. markets.businessinsider.com, 14. markets.businessinsider.com, 15. markets.businessinsider.com, 16. markets.businessinsider.com, 17. markets.businessinsider.com, 18. markets.businessinsider.com, 19. markets.businessinsider.com, 20. markets.businessinsider.com, 21. www.reuters.com, 22. www.reuters.com, 23. www.marketwatch.com, 24. www.tipranks.com, 25. www.ft.com, 26. www.marketbeat.com, 27. www.tipranks.com, 28. www.tradingview.com, 29. www.nasdaq.com, 30. www.zacks.com, 31. www.tipranks.com, 32. listingcenter.nasdaq.com, 33. www.reuters.com, 34. www.reuters.com, 35. www.reuters.com, 36. www.reuters.com, 37. markets.businessinsider.com, 38. www.reuters.com, 39. www.sec.gov, 40. www.sec.gov, 41. listingcenter.nasdaq.com, 42. www.sec.gov, 43. markets.businessinsider.com, 44. www.zacks.com, 45. www.reuters.com
