finance
Robinhood Reports 18% Q1 Expense Increase and $100M Investment in 'Trump Accounts'
Robinhood's shares fell on Tuesday following the company's report of an 18% increase in first-quarter expenses. The firm also warned that its 'Trump account' initiative would need an additional $100 million investment. The first quarter covered January through March 2026.
Apr 28, 5:43 PM·1m read1 source
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Robinhood's stock slumped on Tuesday, April 28, 2026, after the company reported an 18% jump in expenses for the first quarter, @business reported. The first quarter spanned January through March 2026, during which Robinhood's costs rose significantly.
Robinhood warned that its push for 'Trump accounts' would require an additional $100 million investment, contributing to the stock's decline on that Tuesday.
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