---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-25-000035"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2025-01-31T23:59:59+00:00"
generated_at: "2026-05-27T04:46:55.217014+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Robinhood releases Q4 2024 order routing reports per SEC Rule 606(a)

## Summary
- Reports detail order routing percentages and payment for order flow (PFOF) for Robinhood Financial and Robinhood Securities.
- Citadel Securities, Virtu Americas, and Jane Street Capital received the largest shares of S&P 500 and non-S&P order flow.
- PFOF amounts per venue are disclosed; 80% of routing revenue from RHS is passed to RHF under a cost allocation agreement.
- Reports exclude certain order types (fractional shares, 24-hour market, recurring investment) and are unaudited.
- No consolidated financial results or guidance changes were included in the filing.

## SEC filing metadata
- accession: 0001783879-25-000035
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2025-01-31T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387925000035/0001783879-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387925000035/hood-20250131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-25-000035
- JSON: https://secwatch.observer/filing/0001783879-25-000035.json
- Plain text: https://secwatch.observer/filing/0001783879-25-000035.txt

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