---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-26-000007"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2026-01-30T23:59:59+00:00"
generated_at: "2026-05-16T06:02:06.516238+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Robinhood releases Q4 2025 SEC Rule 606 order routing reports

## Summary
- Reports cover October–December 2025 for Robinhood Financial and Robinhood Securities.
- Virtu Americas received 46.3% of S&P 500 non-directed orders in October.
- Citadel Securities paid $552k net for S&P 500 market orders in October.
- Exhibits include detailed payment for order flow (PFOF) per venue and order type.
- Unaudited reports provided without commentary; routine quarterly regulatory disclosure.

## SEC filing metadata
- accession: 0001783879-26-000007
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2026-01-30T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000007/0001783879-26-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000007/hood-20260130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-26-000007
- JSON: https://secwatch.observer/filing/0001783879-26-000007.json
- Plain text: https://secwatch.observer/filing/0001783879-26-000007.txt

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