Robinhood Markets, Inc. (HOOD) Q2 2026 Earnings Call Transcript

Robinhood Markets, Inc. (HOOD) Q2 2026 Earnings Call July 29, 2026 5:00 PM EDT Company Participants Vladimir Tenev - Co-Founder, President, CEO & Chairman of the Board Shiv Verma - Chief Financial Officer Chris Koegel - Vice President of Corporate Finance & Investor Relations Conference Call Participants Dan Dolev - Mizuho Securities USA LLC, Research Division Daniel Fannon - Jefferies LLC, Research Division David Smith - Truist Securities, Inc., Research Division Devin Ryan - Citizens JMP Securities, LLC, Research Division Chinedu Bolu - Autonomous Research US LP Ramsey El-Assal - Cantor Fitzgerald & Co., Research Division James Yaro - Goldman Sachs Group, Inc., Research Division Craig Maurer - Financial Technology Partners LP Amit Kukreja Steven Chubak - Wolfe Research, LLC Craig Siegenthaler - BofA Securities, Research Division Alexander Markgraff - KeyBanc Capital Markets Inc., Research Division Brian Bedell - Deutsche Bank AG, Research Division Patrick Moley - Piper Sandler & Co., Research Division Benjamin Budish - Barclays Bank PLC, Research Division Edward Engel - Compass Point Research & Trading, LLC, Research Division Andrew Harte - BTIG, LLC, Research Division Presentation Operator Thank you to everyone for joining Robinhood's Q2 2026 Earnings Call, whether you're tuning into the live stream or here with us in person. With us today are Chairman and CEO, Vlad Tenev; CFO, Shiv Verma; and VP of Corporate Finance and Investor Relations, Chris Koegel. Vlad and Shiv will offer opening remarks and then open the call to Q&A. During the Q&A portion of the call, we will answer questions from the audience, which includes institutional research analysts, finance content creators who may hold an ownership position in Robinhood, and both institutional and retail shareholders. As a reminder, today's call will contain forward-looking statements. Actual results could differ materially from our current expectations, and we may not provide updates unless legally required. Potential risk factors that could cause differences, including regulatory developments that we continue to monitor, are described in