# Robinhood Crypto Revenue Drops 38% in Q2

> Robinhood's crypto revenue fell 38% year over year in Q2, but late-Q3 trading activity hints at a potential rebound.
- Title: Robinhood Crypto Revenue Drops 38% in Q2 · 24/7 Wall St.
- Summary: Robinhood's crypto revenue fell 38% year over year in Q2, but late-Q3 trading activity hints at a potential rebound. Robinhood's crypto revenue dropped 38%…
- Keywords: robinhood, crypto, revenue, trading, crypto revenue, q3 results, q2 revenue, q3 trading, Drops, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/cryptocurrency/2026/10/22/robinhoods-crypto-revenue-fell-38-last-quarter-can-it-bounce-back-in-q3
- Author: Sam Daodu
- Published: 2026-10-22T15:48:33+00:00
- Read time: 1 min
- Topics: robinhood, crypto, q3, revenue, trading, q2, crypto revenue, q3 results, q2 revenue, q3 trading
## Crypto Revenue Decline
Robinhood's crypto revenue fell 38% year over year to $100 million in Q2 2026, marking the third consecutive quarter of decline.
## Q2 Revenue Breakdown
Crypto revenue accounted for 7.6% of Robinhood's $1.31 billion total revenue in Q2, down from 21% in Q3 2025.
## Q3 Trading Activity
August saw crypto trading volume rise 61% to $17.5 billion, with late-September trading running 25% above August's average.
## Event Contracts Growth
Event contracts generated $156 million in Q2, surpassing crypto earnings and representing a 95% surge in equity revenue.
## Analyst Expectations
Analysts project Q3 2026 revenue of $1.41 billion and EPS of $0.54, up from $0.46 three months ago.
## CEO Stock Sales
CEO Vlad Tenev sold approximately $72.8 million in stock on September 22 and October 5 following a Rule 10b5-1 trading plan.
## Trump Accounts Impact
Trump Accounts attracted over 7 million sign-ups and nearly $1.5 billion in deposits by Q3, potentially boosting new customer deposits.
## Bitcoin Performance
Bitcoin gained 31.4% over the past 90 days but trades 21.8% below its price from a year ago.
## Q3 Revenue Outlook
Robinhood's crypto revenue could exceed Q2's $100 million but surpassing last year's $268 million figure seems unlikely.
## Stock Price Impact
Robinhood shares have fallen 4.1% premarket and lost 20.7% over the past month amid a broader tech sell-off.
## Key takeaway

Robinhood's crypto revenue dropped 38% to $100 million in Q2 2026, but increased trading volumes in August and September may help it rebound in Q3.