Robinhood revenue up 15% on prediction markets surge; announces Trump Accounts partnership

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~2 min read

Key Changes

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  Robinhood will serve as broker and sole initial trustee for Trump Accounts, a U.S. Treasury-sponsored investment initiative. The partnership introduces federal contracting compliance requirements and heightened political scrutiny as a new business line.

  MD&A: Trump Accounts partnership verify on EDGAR →
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  Event contracts (prediction markets) revenue jumped from $3M to $104M year-over-year, now 10% of transaction revenues. Ability to continue offering the product depends on ongoing regulatory enforcement actions and potential federal/state law changes.

  MD&A: Event contracts revenue; Risk Factors: Event contracts regulatory risk verify on EDGAR →
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  Cryptocurrencies revenue fell 47% to $134M from $252M, driven by lower rebate rates, 32% fewer crypto traders, and 22% lower volume per trader. Bitstamp acquisition provided partial offset but introduced institutional credit risk from lending and settlement.

  MD&A: Cryptocurrencies revenue; Risk Factors: Bitstamp credit risk verify on EDGAR →