Robinhood Reports Surging Profits on Cryptocurrency Trading Boom

Published 10 hours agoHOOD

Robinhood Reports Surging Profits on Cryptocurrency Trading Boom

Robinhood Markets Inc. announced a substantial increase in its quarterly profits, fueled by a significant rise in cryptocurrency trading. The company revealed a net income of $336 million, or 37 cents per share, for the first quarter of 2025. This more than doubled its net income of $157 million, or 18 cents per share, from the same quarter last year, surpassing analysts' predictions of 33 cents per share.

The jump in profits was supported by a 77% year-over-year increase in transaction-based revenue across options, equities, and cryptocurrencies. Notably, cryptocurrency trading revenue saw a remarkable 100% increase, thanks to fluctuations in Bitcoin's price. Reuters highlighted that political uncertainty, including unpredictable trade policies from U.S. President Donald Trump, contributed to the market volatility, enhancing trading activities.

Besides cryptocurrency, Robinhood also saw healthy growth in other areas with options trading revenue up by 56% and equities by 44%. Net interest revenues increased by 14% to $290 million. Despite a 32% gain in the company's stock performance year-to-date, Robinhood's shares fell 2% in after-hours trading. The stock closed at $49.11, showing marginal movement from its previous close.

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