Robinhood Surpasses Q1 Earnings Estimates with Crypto Revenue Doubling

Robinhood (NASDAQ: HOOD) outperformed Wall Street expectations in the first quarter of 2025, reporting adjusted earnings per share of $0.37, exceeding the projected $0.33. Total revenue reached $927 million, slightly above the $920.1 million forecast, though down from $1 billion in the previous quarter.

Crypto revenue emerged as a standout, doubling year-over-year to $252 million, signaling a resurgence in digital asset trading. Transaction-based revenue, however, declined 13% quarter-over-quarter to $583 million, reflecting a market cooldown following the post-election rally spurred by Donald Trump’s victory.

The company expanded its share repurchase program by $500 million, adding to the existing $1 billion authorization. To date, Robinhood has repurchased $667 million worth of shares.