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Robinhood Closes at $95.07 After Two-Day Slide Ahead of Earnings

Shares fell 1.56% Friday after a 5.25% drop Thursday. In the second quarter of 2026, crypto revenue declined while total net revenue increased.

Updated 1 min read
A commuter checks a phone outside Nasdaq MarketSite in New York City. / EconoTimes.ai (mono)
A commuter checks a phone outside Nasdaq MarketSite in New York City. / EconoTimes.ai (mono)

Robinhood shares ended Friday at $95.07, extending a two-session retreat as the brokerage approaches its third-quarter report and investors await an update on its revenue mix.

Nasdaq historical quotes show the stock fell 1.56% Friday, Oct. 23, after declining 5.25% Thursday. It closed at $96.58 Thursday, down from $101.93 Wednesday.

Robinhood’s latest reported quarter, the second quarter of 2026, ended June 30. The company reported crypto revenue of $100 million, a 38% year-over-year decline, while total net revenue increased 32% to $1.31 billion. Transaction-based revenue rose 44% to $776 million.

Options, event contracts and equities each generated more revenue than crypto in the quarter, according to Robinhood. EconoTimes previously covered the company’s second-quarter revenue mix.

Robinhood’s August operating report put crypto notional volume at $17.5 billion. That monthly figure was 61% higher than July’s but 38% below August 2025. It measures trading volume, a different measure from the company’s quarterly crypto revenue.

Robinhood is scheduled to release third-quarter results after U.S. markets close Tuesday, Oct. 27. The company’s earnings webcast is set for 5 p.m. EDT (21:00 UTC).

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