Robinhood Markets Inc - Ordinary Shares - Class A
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+ FollowMarket Cap$98.02B
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Earnings Call Q2 2026
July 29, 2026 - AI Summary
Record growth + profitability at scale (core business strong):
- Q2 revenues: $1.3B, +32% YoY (record).
- Net deposits: $22B, +28% annualized growth rate (record).
- Gold subscribers: 4.8M, 17% attach rate vs. net funded accounts (record).
- Adjusted EBITDA: $741M, +35% YoY, 57% adjusted EBITDA margin (another profitable quarter).
- EPS: 62 cents, +48% YoY.
- Top-of-funnel: added nearly 1M funded customers in the quarter; management highlighted “core business is going strong.”
Guidance/outlook tightened; disciplined spend despite new product launches (important for expectations):
- Management is lowering and tightening 2026 outlook for Adjusted OpEx + SBC to $2.675B–$2.775B.
- Rationale: expenses are being managed below prior outlook range, while still adding costs for Rothera and WonderFi (not previously in outlook).
- They framed a “lean model” advantage: ability to self-fund meaningful portions of new investment costs while removing incremental costs from the system.
Capital actions: big raise + active buybacks (shareholder impact):
- In June, opportunistically raised $2.2B capital with 0% coupon and no net dilution until the share price exceeds $300.
- Share repurchases (YTD): 7.5M shares for $664M.
- Management reiterated the long-term financial north star: maximize EPS and free cash flow per share over time.
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$-14.45
113.9% downside
Current Fair Value
113.9% downsideOvervalued by 113.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $98.02 Billion |
|---|---|
| Enterprise Value | $82.80 Billion |
| Dividend Yield | $- (-) |
| Earnings per Share | $2.12 |
| Beta | 2.35 |
| Outstanding Shares | 899,000,000 |
Return
| Return on Equity | 21.86% |
|---|---|
| Return on Assets | 3.66% |
| Return on Invested Capital | 11.95% |
Valuation & Multiples
| P/E Ratio | 47.19 |
|---|---|
| PEG | 104.1 |
| Price to Sales | 26.0 |
| Price to Book Ratio | 10.4 |
| Enterprise Value to Revenue | 19.91 |
| Enterprise Value to EBIT | 57.86 |
| Enterprise Value to Net Income | 39 |
| Total Debt to Enterprise | 0.03 |
| Debt to Equity | 0.23 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 29, 2026
EPS Estimate
$0.43
Average shareholder expectationRevenue Estimate
$1.29 B
Average shareholder expectationNext Earnings Call
Expected Date
October 27, 2026
EPS Estimate
$0.55
Average shareholder expectationRevenue Estimate
$1.43 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 3.0000▲ 221.13% |
|---|---|
| Total Calls | 100▼ 100.00% |
| Total Puts | 300▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.12%▼ 68.72% |
|---|---|
| Total Invested | $117.64M▼ 99.81% |
| Investors Holding | 63▼ 1477.00% |
ESG Score
No data
About Robinhood Markets Inc
2,900 employees
CEO: Vladimir Tenev Robinhood Markets, Inc. is an American financial services company that provides an electronic trading platform for stocks, ETFs, options, and cryptocurrencies. [15, 18, 30] Its platform allows users to invest in stocks, exchange-traded f...