Earnings Call
Apr 28, 2026
Q1 FY2026
EPS Estimate
0.39
EPS Actual
0.38
Post-Earnings Close
$71.20
Earnings Reaction
-13.2%
Robinhood's first quarter of 2026 was defined less by the headline revenue number, $1.07 billion, up 15% year-over-year, than by the breadth of what the company is building and the pace at which it is building it. Net deposits of $18 billion represented a third consecutive quarter of 20%-plus annualized growth, a figure management has elevated to its North Star KPI, and one that held up impressively against a macro backdrop that included a government shutdown scare, a tech selloff, and renewed geopolitical tensions early in the year. Adjusted EBITDA margins came in at 50%, with adjusted OpEx and SBC of $607 million tracking well below the prior outlook even after absorbing $14 million in unplanned costs tied to the Trump Accounts program and the Rothera prediction markets exchange joint venture with Susquehanna.
Report generated on Apr 29, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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