Robinhood Exceeds Q1 Earnings Forecasts Amid Crypto Revenue Surge

Robinhood Markets Inc. (HOOD) outperformed analyst expectations in Q1 2025, posting adjusted earnings of $0.37 per share against a projected $0.33. Total revenue reached $927 million, eclipsing estimates of $920.1 million despite a sequential decline from Q4’s $1 billion. Cryptocurrency transactions drove significant growth, with related revenue doubling year-over-year to $252 million.

The trading platform’s transaction-based revenue dipped 13% to $583 million, reflecting a market cool-off following post-election volatility. Q4’s crypto trading frenzy—fueled by political euphoria after Donald Trump’s presidential victory—proved short-lived as markets stabilized post-inauguration.

Robinhood’s board expanded its share repurchase program by $500 million, signaling confidence in sustained growth. The move comes as crypto assets demonstrate renewed influence on brokerage revenue streams, though traditional equities trading remains the dominant contributor.