Free trades paid by order flowInterest on customer moneyGold membership flywheelPrediction markets + everything app
Commission-free trading → the bill is paid by market makers instead: in Q2 2026, 59% of Robinhood’s record $1.31B revenue came from trading, mostly payment for order flow on options plus a new prediction-markets boom ($156M, up 10×). The second engine is interest on customer money — margin loans alone earned $215M. Gold ($5/month, 4.8M members) ties it together, and Robinhood is now stretching into banking, credit cards, its own prediction-market exchange (Rothera) and running Trump Accounts for the U.S. Treasury.
Click any of the 9 blocks below for a plain-language story of how that part of the model works for Robinhood — and how it connects to the others.
Static handout preview — use Downloads in the top bar for PDF, PNG, poster HTML, or the research brief. The interactive canvas above is the primary experience.
