Robinhood Markets reported third-quarter revenue of $1.42 billion, a 12% increase year-over-year, driven by strong growth in transaction-based revenues and net deposits of $16 billion. Net income decreased 14% to $476 million, resulting in diluted earnings per share of $0.51, down from $0.61 in the prior year period. Adjusted EPS declined 3% to $0.60. The company highlighted record user engagement and expansion into new business lines, including Rothera and Trump Accounts. Robinhood operates a global financial services platform offering retail brokerage, crypto trading, digital banking, and advisory services.
