Robinhood files Q3 2025 SEC Rule 606(a) order routing reports for broker-dealers

Robinhood Markets, Inc.

Reports cover July 2025 S&P 500 and non-S&P 500 stock order routing for RHF and RHS.
Virtu Americas was top venue for S&P 500 non-directed orders at 52.9%; Citadel for non-S&P at 17.8%.
RHS passes 80% of payment-for-order-flow revenue to RHF under cost allocation agreement.
No other material financial or operational updates in this filing.
Data is unaudited and excludes fractional, dollar-based, and 24-hour market orders.

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