---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-23-000024"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T05:34:54.882063+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "low"
source: SEC EDGAR
---

# Robinhood broker-dealers release Q4 2022 SEC Rule 606 order routing reports

## Summary
- RHF and RHS each furnished quarterly Rule 606(a) reports for Oct–Dec 2022.
- All non-directed orders routed through RHS; 80% of revenue shared with RHF.
- Report shows net payments of $0.00 for all order types in S&P 500, non-S&P 500, and options.
- Report excludes fractional-share, dollar-based, and certain program orders from non-directed order flow.

## SEC filing metadata
- accession: 0001783879-23-000024
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: low
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000024/0001783879-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000024/hood-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-23-000024
- JSON: https://secwatch.observer/filing/0001783879-23-000024.json
- Plain text: https://secwatch.observer/filing/0001783879-23-000024.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.