Hudson River Trading Achieves Record $11.4 Billion Revenue in Q2

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Hudson River Trading Achieves Record $11.4 Billion Revenue in Q2

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Hudson River Trading (HRT), a quantitative trading firm founded in 2002, announced a record $11.4 billion in trading revenue for the second quarter of 2026. This figure represents more than a quadrupling of its trading income compared to the same period last year. The firm’s net income for the three-month period ending in June was $7.4 billion, and its adjusted EBITDA reached approximately $8 billion, an increase of over 350% year-on-year from $1.75 billion.

HRT’s strong performance comes amidst significant volatility in the AI stock market, particularly in July 2026, which saw a downturn in the sector. Despite these market challenges, HRT remained profitable in July, distinguishing itself from some competitors.

In contrast, rival firm Jane Street Group reportedly experienced a $15 billion loss in July 2026, its first monthly loss since 2016. This loss for Jane Street was largely attributed to its investment in Situational Awareness, an AI-focused hedge fund, and broader exposure to tech and semiconductor stocks which faced declines of approximately 50% during July. Situational Awareness, led by former OpenAI researcher Leopold Aschenbrenner, was reportedly forced to sell a significant portion of its public equity portfolio to Citadel amid margin calls.

HRT, which specializes in algorithmic trading strategies across various asset classes, was founded by Jason Carroll, Alex Morcos, and Suhas Daftuar. The firm’s ability to navigate the market conditions and achieve record revenues highlights its resilience and strategic positioning in the trading sector.

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