Robinhood shares fall more than 8% in late trading after Q1 revenue miss

Robinhood shares fell more than 8% in after-hours trading on April 28, 2026, after the first-quarter report showed revenue below expectations and a 47% drop in crypto revenue. Other coverage put the April 29 regular-session decline at about 9%, but the closing price is unconfirmed. The selloff came despite record event-contract activity and strong net deposits.

• Shares fell more than 8% in late trading on April 28
• Trigger: revenue of $1.07 billion versus about $1.17 billion expected, and crypto revenue down 47%
• Some press reports put the April 29 regular-session drop at about 9%; closing price unconfirmed