Robinhood Markets Inc. reported first-quarter earnings with adjusted earnings per share (EPS) of $0.13, surpassing the estimated loss of $0.07 per share. Revenue for the quarter reached $813.95 million, slightly below the consensus estimate of approximately $818 million but representing a 12% year-over-year increase. The company posted a GAAP operating margin of 6.9% and an adjusted operating margin of 7.0%, with GAAP operating income at $56 million and adjusted operating income at $57 million. Adjusted EBITDA margin stood at 13.1%. Despite concerns about tariffs and macroeconomic uncertainties, Robinhood reaffirmed its full-year 2026 revenue growth guidance of 10% to 13%, projecting revenues between $3.50 billion and $3.59 billion, in line with FactSet consensus estimates. The company also provided fiscal year outlooks including adjusted operating margins of 14% to 15%, adjusted EBITDA margins of 20% to 21%, and free cash flow expected between $250 million and $350 million. Following the earnings release, Robinhood's shares rose approximately 13% in after-hours trading, recovering from previous declines attributed to tariff fears. CEO commentary emphasized maintaining current guidance assuming existing tariffs remain unchanged.