As Robinhood financiers wait for second-quarter revenues, expectations are sky-high.
The online broker, understood for promoting stock and crypto trading with young financiers, has actually seen its shares rise 177% this year, exceeding all other U.S. tech business valued at $5 or more, leaving out those that went public in 2025. The next finest entertainer is Palantir, up 107%.
Robinhood’s pop this year follows a 192% rally in 2024. The business’s market cap now sits at $91 billion, putting it a little behind Coinbase, among its leading competitors in the market for purchasing crypto.
Still, Robinhood was neglected of the S&P 500 in the most recent reshuffle, while Coinbase made it in Might. Previously this month, keeping track of software application business Datadog was contributed to the benchmark index as part of its quarterly modification. Quickly afterwards, online advertisement business The Trade Desk and fintech company Block signed up with the S&P 500, changing business that were getting obtained.
The index’s 3 most recent business are each worth 10s of billions of dollars less than Robinhood.
Robinhood has another shot to reveal that it’s deserving when it reports quarterly revenues after the bell on Wednesday. Experts anticipate the business to report income development of 33% from a year previously to $908 million, according to LSEG, with forecasted revenues per share of 31 cents.
Changed revenues are anticipated to come in at about $448 million, according to StreetAccount.
The rally shows Robinhood’s change from a U.S. retail broker into an international fintech and crypto facilities platform.
While U.S. fintech financing fell 42% in the very first half of 2025, according to Tracxn’s semiannual report, dealmaking sped up, and Robinhood sticks out as one of the most significant purchasers.
In June, Robinhood got Bitstamp for about $200 million, getting institutional trading rails, custody services, and more than 50 active licenses. In Might, it accepted purchase Canadian crypto platform WonderFi for $179 million, broadening its regulative footprint throughout The United States and Canada.
Robinhood is discovering considerable traction in Europe, where the business has actually started presenting tokenized stocks and exchange-traded funds, consisting of artificial shares of OpenAI and SpaceX, utilizing blockchain.
The token launch this month came along with a more comprehensive crypto push revealed at Robinhood’s Cannes top, where the business likewise revealed prepare for its own layer-2 blockchain enhanced for real-world property settlement. It likewise revealed 24/7 trading and staking for Ethereum and Solana for its U.S. clients, a function that enables users to make benefits by supporting network operations.
Other improvements permit users to tap more take advantage of for crypto financial investments and usage tools that assist lessen capital gains payments and get advanced charting.
Experts at Mizuho raised their cost target on the stock to $99 following the launch in France, pointing out the business’s “unequaled item speed” and accessibility in more than 30 nations in Europe.
‘ We anticipate to be inspected’
There are possible regulative obstacles to a few of Robinhood’s efforts. Relating to the tokenized trading, the Bank of Lithuania, Robinhood’s lead regulator in the European Union, stated it’s “waiting for explanations” on the item. However in the U.S., SEC Chair Paul Atkins called the design “a development” on CNBC’s “Squawk Box.”
Robinhood CEO Vlad Tenev informed CNBC after the statement that he is “pleased to continue to address concerns from our regulators,” and stated the business developed its tokenized stock program to hold up against examination.
” Considering that this is a brand-new thing, regulators are going to wish to take a look at it,” he stated. “And we anticipate to be inspected as a big, ingenious gamer in this area.”
Robinhood decreased to comment for this story.
In its first-quarter revenues statement in late April, Robinhood reported a 77% boost in transaction-based income to $583 million. Crypto trading income doubled to $252 million, choices income increased 56% to $240 million and income from equities increased 44% to $56 million.
This quarter, experts are seeing how that momentum holds up.
Experts at Cantor Fitzgerald stated in a note last month that it sees Robinhood continuing to acquire share from bigger brokers like Charles Schwab and Interactive Brokers, in addition to from crypto exchanges such as Coinbase The company just recently raised its cost target to $89 from $60, keeping an obese score on the stock.
The difficulty for financiers is that Robinhood has actually zoomed past a lot of experts’ quotes, leaving a lot of space for dissatisfaction. Its stock closed at $103.32 on Tuesday, down about $6 from its high up on July 18. Amongst experts tracked by FactSet, the typical cost target is $100.57.
ENJOY: CNBC’s complete interview with Robinhood CEO Vlad Tenev
