Robinhood stock drops following third quarter earnings miss
Shares of online brokerage Robinhood fell after the company reported lower third quarter profits that failed to meet Wall Street expectations.
FTMQ Business, written by our newsroom0 views
Robinhood stock fell 7% in after-hours trading on Tuesday after the company reported third quarter earnings that missed analyst expectations. According to Yahoo Finance, declining interest income and rising expenses hurt the online brokerage despite record trading activity across stocks, options, and prediction markets. [1]
Yahoo Finance reported that net income for the third quarter fell 14% from a year earlier to $476 million. Diluted earnings per share dropped 16% to $0.51, while total revenue rose 12% to $1.42 billion. [1]
The financial results fell short of Wall Street forecasts. Yahoo Finance noted that analysts expected earnings of $0.57 per share and revenue of $1.43 billion, according to data compiled by Bloomberg. [1]
The price decline adds to a difficult year for the company on the stock market. Yahoo Finance reported that the stock has dropped more than 15% from the start of 2026 through Tuesday's close, putting it on track for its worst annual performance. [1]
In short
- Robinhood net income fell 14% year-over-year to $476 million in the third quarter.
- Robinhood third quarter earnings per share reached $0.51, missing analyst estimates of $0.57.
- Third quarter revenue rose 12% to $1.42 billion, missing forecasts of $1.43 billion.
- Robinhood stock fell 7% in extended trading following the earnings report.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Robinhood stock falls on earnings miss despite record trading volumesYahoo Finance, 7d ago (the report this story comes from)
Background
- [2]Meta Platforms on Wikipedia
Our newsroom writes these reports with the help of software, from the 2 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ Business
Earlier reports of ours on the same people and subjects.
- Shopify stock falls as third quarter revenue and sales miss estimatesTop Business, 6h ago
- Robinhood crypto revenue drops 55 percent as platform expands into bankingBanking & Credit, 7d ago
- Texas Instruments posts Q3 revenue growth above market estimatesTop Business, 13d ago
- Capital One reports strong third quarter profits as credit losses fallBanking & Credit, 14d ago
- Alphabet shares hit six month low after profits drop 25 percentTop Business, 5d ago
More in Top Business
- Willis Lease Finance Reports Record Portfolio Growth in Third Quarter6h ago
- Shopify stock falls as third quarter revenue and sales miss estimates6h ago
- Poundland founder offers investment as government schedules board crisis talks1d ago
- Cyber attack targets shop freezers across multiple European nations1d ago
- New Buy Now Pay Later affordability rules block unprepared shoppers2d ago
- Pakistani regulator marks almost 40,000 corporate entities inactive over missing filings3d ago
Get the day in one email
Reports like this one, the top news of the last 24 hours, every morning. Free, one email a day; readers can comment under every report.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.
Comments
Loading
Join the conversation
Comments are open to readers of our daily email: the top news of the last 24 hours, every morning, free. Sign up and the comment box opens.
Already on the list? Enter the same address and we will send a sign-in link.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.