Robinhood Markets, Inc. has announced its financial results for the second quarter of 2025, highlighting significant growth across key metrics. The company's total net revenue increased by 45% year-over-year, reaching $989 million. This growth was primarily driven by a 65% rise in transaction-based revenues, totaling $539 million, with notable contributions from options and cryptocurrency trading.
Net income more than doubled, rising 105% to $386 million, and diluted earnings per share (EPS) increased by 100% to $0.42. Total operating expenses rose by 12% to $550 million, reflecting strategic investments in growth initiatives.
The company's user base expanded, with funded customers increasing by 2.3 million to 26.5 million, and investment accounts growing by 2.6 million to 27.4 million. Total platform assets nearly doubled, reaching $279 billion, driven by strong net deposits and higher valuations in equity and cryptocurrency markets.
In June 2025, Robinhood completed the acquisition of Bitstamp, a cryptocurrency exchange, enhancing its global presence and institutional capabilities in the digital asset space. The company also announced plans to acquire WonderFi, a Canadian digital asset platform, further expanding its footprint in North America.
These developments underscore Robinhood's commitment to diversifying its offerings and strengthening its position in the evolving financial landscape.