New York, January 30, 2026, 19:03 EST — After-hours
- Robinhood shares slipped 1.7%, ending at $99.48, with trading remaining subdued after hours
- Company submitted an 8-K outlining quarterly details on order-routing and payment-for-order-flow
- Investors await a Treasury ruling on “Trump accounts,” along with jobs data set for Feb. 6 and earnings reports due Feb. 10
Robinhood Markets (HOOD.O) shares slipped 1.7% to close at $99.48 on Friday, after bouncing between $98.40 and $104.28 during the session. After-hours trading showed little movement.
The new tape is significant because it combines two sensitive issues for the online broker: government-related flows and payment for order flow, or PFOF — the fees that market makers pay brokers to execute customer trades. Either can quickly sway sentiment, particularly with investors already on edge over rates and risk.
Bloomberg News reported Thursday that the U.S. Treasury Department is weighing whether to appoint Robinhood to manage new “Trump accounts” for kids. According to the report, Robinhood has already started prepping internally. Fidelity Investments and Vanguard Group, meanwhile, weren’t on the shortlist. Robinhood declined to comment, and the Treasury didn’t respond to requests for comment. (Reuters)
After the market closed Friday, the company filed an 8-K revealing its broker-dealer units issued fourth-quarter order-routing reports, as required under SEC Rule 606(a). This rule mandates brokers to detail where certain non-directed customer orders are sent each quarter. The filing noted the reports cover some—but not necessarily all—payment for order flow (PFOF) received from trading venues. These disclosures are unaudited and don’t provide consolidated figures. (SEC)
According to Robinhood Securities’ report on October S&P 500 stock orders, Virtu Americas, LLC handled roughly 47% of non-directed orders. Citadel Securities LLC and Jane Street Capital each took care of just over 10%. The report also highlighted an ongoing concern flagged by SEC examiners: a possible tradeoff between broker payments and execution quality. (SEC)
HOOD slipped as U.S. stocks closed down, with traders weighing earnings reports, inflation figures, and Fed politics following Kevin Warsh’s nomination to replace Chair Jerome Powell. “There’s a combination of investor concerns,” said Angelo Kourkafas, senior global strategist at Edward Jones. (Reuters)
Crypto-linked stocks took a hit. Coinbase Global Inc dropped roughly 2.2%, while bitcoin edged down about 0.6%. Charles Schwab Corp., a brokerage rival, managed a slight gain.
That said, the trustee position for the “Trump accounts” isn’t locked in yet, and the timeline remains uncertain. Changes in regulators’ stance on PFOF, or fresh political pushback, could disrupt forecasts for transaction-driven revenue.
Next week’s packed schedule could overshadow individual stock news. The U.S. monthly jobs report lands February 6, alongside a wave of earnings from a big chunk of the S&P 500. “When expectations run extremely high, investors don’t hesitate to punish misses,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. (Reuters)
Robinhood shareholders face key dates ahead. The company will release its fourth-quarter and full-year 2025 results on February 10, after the market closes, followed by a video call the same day. Traders are also waiting on any Treasury update about initial trustees for the children’s accounts. (Barchart)
