---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-23-000169"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:11:49.586209+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "low"
source: SEC EDGAR
---

# Robinhood furnishes Q2 2023 Rule 606 order-routing reports for broker-dealer subs

## Summary
- Reports cover April, May, June 2023 for Robinhood Financial LLC and Robinhood Securities LLC.
- All non-directed S&P 500, non-S&P 500, and options orders routed via Robinhood Securities.
- RHS passes 80% of payment-for-order-flow revenue to RHF under revenue allocation agreement.
- Fractional-share and dollar-based orders are excluded from these reports as discretionary orders.

## SEC filing metadata
- accession: 0001783879-23-000169
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: other
- 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/1783879/000178387923000169/0001783879-23-000169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387923000169/hood-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-23-000169
- JSON: https://secwatch.observer/filing/0001783879-23-000169.json
- Plain text: https://secwatch.observer/filing/0001783879-23-000169.txt

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