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Robinhood Q3 earnings results
(Spencer Platt/Getty Images)

Robinhood beats on earnings and revenue, finance chief to retire

The new addition to the S&P 500 is its top-performing member in 2025.

Matt Phillips

Robinhood Markets reported Q3 results after the close of trading Wednesday that beat analysts’ expectations.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of our compensation.)

The crypto, options, and stock-trading platform reported:

  • Adjusted earnings per share of $0.61 vs. consensus estimates of $0.53.

  • Sales of $1.274 billion vs. expectations for $1.21 billion, according to Bloomberg.

Robinhood also said its CFO, Jason Warnick, plans to retire next year, after seven years running finances for the company. He’ll be replaced by Robinhood veteran Shiv Verma.

Shares were recently down 0.3% after-hours.

Beyond the trading of stocks, options, and crypto, color on Robinhood’s prediction markets business will also be in focus during the upcoming conference call. The exchange launched a hub for trading event contracts in partnership with Kalshi earlier this year, and has recently been aggressively bolstering its suite of offerings in the space.

When it was added to the S&P 500 in September, Robinhood leapt to the top of the list of year-to-date gainers. The stock was up more than 280% through the end of trading Wednesday.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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