Robinhood’s strategic pivot into cryptocurrency trading and international markets has propelled the financial platform to record earnings, showcasing significant growth and solidifying its position against key rivals.
The company reported a 339% year-over-year increase in crypto trading revenue for the third quarter of 2025, reaching $268 million. This marks a substantial jump from the $61 million recorded in the same period last year.
Digital asset trading volume on the platform soared to $80 billion. These results significantly surpassed Wall Street’s expectations.
Adjusted earnings per share (EPS) were $0.61, beating analyst estimates of $0.53. Total net revenue reached $1.27 billion, exceeding forecasts of $1.21 billion.
Following the release of its earnings, Robinhood’s market capitalization climbed to $126 billion, notably surpassing competitors like Coinbase. This performance reflects a strengthening of the business model.
Chief Financial Officer Jason Warnick described the third quarter as “another solid period of profitable growth.” He highlighted the company’s diversified business lines.
Warnick noted that two new divisions, Prediction Markets and Bitstamp, now contribute over $100 million in annualized revenue. He also indicated a promising start to the fourth quarter.
October saw record volumes in stock, options, predictive markets, and futures trading, alongside new highs in margin balances. This suggests continued momentum.
Despite these robust results, Robinhood shares experienced a 2% dip in after-hours trading. However, the stock has seen an impressive gain of approximately 260% year-to-date.
The acquisition of Bitstamp in early 2025 was a crucial move in Robinhood’s international expansion strategy. This purchase extended its regulatory reach and user base to more than 50 countries.
Integrating Bitstamp also bolstered Robinhood’s reputation for compliance and security. These are vital factors for competing in heavily regulated markets, including the European Union and the United Kingdom.
Robinhood’s aggressive expansion in the crypto sector contrasts with the more cautious approach of some competitors. Many rivals continue to face stricter regulatory hurdles or less diversified operations.
The company’s management believes the trends observed in October could lead to a record-breaking close to 2025. Sustained growth in trading volumes and margins could cement Robinhood’s status as a leading financial intermediary in the global digital asset market.