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Robinhood Shares Plunge on Cold Q1 Earnings Report

The retail-focused crypto exchange narrowly missed earnings estimates, yet got punished after the bell.
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Apr 28, 2026 • 1 min read

After a soft trading session that saw shares fall 2.2%, Robinhood (NASDAQ: HOOD) plunged a further 7% in after-hours trading on the back of a disapointing earnings report.

What's the Scoop?

  • Cold Report: Robinhood posted $1.07B in revenue and $0.38 EPS, below analyst expectations for $1.14B and $0.42, respectively. Each of the exchange's major revenue segments except “other” (driven by event contracts) missed estimates, signaling broader softness in retail trading activity.
  • Crypto Slowdown: Robinhood’s crypto slowdown accelerated in Q1 2026 alongside soft market conditions. The retail-focused exchange reported $134M in crypto revenue for Q1, down 47% YoY alongside a 48% drop in trading volumes to $24B.
  • Bright Spot: Despite the immense hit to its crypto business and widespread failure to achieve estimates, Robinhood's more traditional revenue sources experienced year-over-year growth, with options revenue up 8% to $260M and equities revenue surging 46% to $82M.

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