Robinhood Markets Inc. (NASDAQ: HOOD) shares rose 2.74% to $119.40 in pre-market trading Wednesday at 5:44 a.m. ET following the company’s HOOD Summit 2026 announcements, which included earnings contracts tied directly to corporate financial and operating results.
Robinhood stock closed Tuesday at $116.22, down 0.21%. Tuesday’s trading volume totaled 14.32 million shares, compared with an average daily volume of about 21.20 million. Separately, Robinhood Markets Tokenized Stock (HOODon) rose 1.6% over the previous 24 hours to $119.63, according to CoinMarketCap.
The new earnings contracts will allow eligible Robinhood customers to trade on whether a company reports a specified result for metrics such as earnings per share, revenue, or individual business KPIs. Unlike a conventional stock trade, the reported metric determines whether the contract pays out, regardless of how the company’s shares move after earnings.
Earnings Contracts Target Hundreds of Company-Reported Results
Robinhood said the contracts will cover more than 20 popular symbols and hundreds of earnings-related events, with availability expected in the coming weeks ahead of the third-quarter earnings season. The products remain subject to regulatory approval.
The contracts are based on Cboe’s planned KPI Binary Options, cash-settled products tied to predetermined corporate performance measures. If approved and launched, they would trade on the Cboe Options Exchange and clear through Cboe Clear U.S. Both listing and trading on Cboe and clearing through Cboe Clear U.S. remain subject to regulatory approval, while Cboe Clear U.S. is separately seeking temporary SEC registration as a clearing agency.
A contract can be structured around whether a company’s reported KPI meets a specified threshold. A call settles at $1 when the reported figure is at or above the strike level and at zero if it falls below it. A put pays $1 when the reported figure is below the strike and zero otherwise.
With that structure, users can trade specific earnings outcomes without predicting how the stock market will react to the report.
The expansion follows earlier growth in Robinhood’s event contract activity.
Cboe’s planned initial lineup includes KPIs from roughly 23 publicly traded companies. Beyond headline revenue and EPS, listed metrics include Amazon Web Services revenue, Nvidia and AMD data-center revenue, Meta advertising revenue, Google Cloud revenue, and Robinhood’s own funded-customer and Gold-subscriber figures.
Apple was among the examples highlighted during Robinhood’s Summit presentation. The available KPI framework includes a contract tied to iPhone net sales in dollars, alongside metrics covering areas such as Services, the Americas, and Greater China. The iPhone contract is therefore based on reported sales revenue rather than the number of devices sold.
Settlement generally relies on the KPI value disclosed in the issuer’s applicable Form 8-K, 10-Q, or 10-K submitted to the SEC, rather than on a standalone earnings release. Qualifying contracts are automatically exercised, with cash settlement generally occurring on the following business day.
Robinhood said customers will need the required options approval to participate.
Summit Adds Live Earnings Trading and More Extended-Hours Products
The earnings-contract announcement formed one part of a broader product expansion unveiled at HOOD Summit 2026.
Robinhood also announced a live earnings experience that will allow customers to follow company earnings calls and trade directly in the app during the calls. The feature is expected to launch in time for the third-quarter reporting season.
Other announcements included Robinhood Agents, which the company says can research markets and execute trades within user-defined limits, as well as perpetual cryptocurrency futures for eligible U.S. customers.
The broker also outlined plans to expand selected U.S. stock and ETF trading to weekends, extending its push toward continuous market access. That initiative remains subject to regulatory review.