Robinhood Markets (NASDAQ:HOOD) shares rose 1.1% in pre‑market trading on Monday after the firm released its preliminary June trading metrics. The metrics, covering activity through June 25, indicated record volumes across all major product categories.
Event contract volumes increased 60% month‑over‑month and were 136% higher than Street estimates. Options volumes grew 38% month‑over‑month, surpassing expectations by 110%. Equity volumes rose 27% month‑over‑month, beating forecasts by 48%. Cryptocurrency trading volumes climbed 38% sequentially; however, they fell 51% short of analyst expectations. Within crypto, Bitstamp volumes jumped 52% while volumes on the Robinhood app’s crypto platform rose 22%.
Initial public offering (IPO) activity on the platform surged 93% year‑to‑date through the end of May, contributing to heightened retail participation. The broader market environment was supportive, with the S&P 500 index up 16% since the March‑April lows.
Robinhood also disclosed a recent 10% reduction in its workforce. In response to the updated metrics and a revised forward interest‑rates curve, analysts lifted 2026‑2028 net‑revenue forecasts by 4%, trimmed adjusted expense estimates for 2027‑2028 by 1%‑2%, and increased adjusted earnings‑per‑share estimates by 6%‑10% across the forecast horizon.