"Robinhood reported Q1 2026 revenue of $1.07 billion, missing the $1.14 billion consensus estimate. Adjusted earnings per share (EPS) came in at $0.38, missing forecasts by 10%."
"The biggest culprit was crypto. Crypto transaction revenue dropped 47% year over year (YoY), echoing the soft retail crypto trend management had already flagged."
"Robinhood's management also raised 2026 adjusted operating expense guidance to $2.7 billion to $2.825 billion, signaling margin pressure ahead."
"Webull doesn't report today and has no exposure to Robinhood's specific catalysts. Still, BULL stock headed south in early trading on Wednesday."
Robinhood's shares fell 12% after a disappointing Q1 2026 earnings report, with revenue of $1.07 billion missing estimates. Adjusted EPS of $0.38 also fell short. A significant decline in crypto transaction revenue, down 47% YoY, contributed to the earnings miss. Despite overall revenue growth of 15% YoY, increased operating expense guidance signals future margin pressure. The selloff affected peers Webull and Coinbase, indicating a broader market reaction to Robinhood's results.
Read at 24/7 Wall St.
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