Robinhood Markets, Inc. has announced its financial results for the second quarter of 2025, showcasing significant growth across key metrics. The company's total net revenues 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, and a 25% increase in net interest revenues, amounting to $357 million. Additionally, other revenues rose by 33% to $93 million.
Net income more than doubled, rising 105% year-over-year to $386 million, with diluted earnings per share (EPS) increasing by 100% to $0.42. Adjusted EBITDA also saw substantial growth, up 82% year-over-year to $549 million. The company's total operating expenses increased by 12% to $550 million, reflecting investments in strategic initiatives and expansion efforts.
Robinhood's user base expanded notably, with funded customers increasing by 2.3 million to 26.5 million, and investment accounts growing by 2.6 million to 27.4 million. The total platform assets nearly doubled, rising 99% year-over-year to $279 billion, driven by strong net deposits and higher equity and cryptocurrency valuations. Net deposits for the quarter totaled $13.8 billion, with an annualized growth rate of 25% relative to total platform assets at the end of the previous quarter.
Strategic acquisitions and product innovations contributed to Robinhood's growth. The company completed the acquisition of Bitstamp Ltd., a cryptocurrency exchange, in June 2025, enhancing its institutional business and global presence. Additionally, Robinhood launched tokenized stock trading in Europe, expanding its product offerings and market reach.
Looking ahead, Robinhood remains focused on expanding its product offerings and global presence, aiming to continue its growth trajectory in the financial services sector.