Robinhood Markets's major customers
Citadel Securities accounted for 13% of Robinhood Markets's revenue in FY 2025, about the same as 12% a year earlier.
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Major customers of Robinhood Markets
Customers that Robinhood Markets named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.
| Customer | Share of revenue | Change vs prior year | History | Latest filing |
|---|---|---|---|---|
| Citadel Securities | 13% | from 12% | 7 years | FY 2025 · filed 18 Feb 2026 |
| Wintermute Trading | 6% | from 10% | 3 years | FY 2025 · filed 18 Feb 2026 |
Formerly disclosed
| Customer | Share of revenue | Change vs prior year | History | Latest filing |
|---|---|---|---|---|
| Wolverine Holdings | 6% | last FY 2023 | 5 years | FY 2023 · filed 27 Feb 2024 |
| Susquehanna International Group LLP | 2% | last FY 2023 | 5 years | FY 2023 · filed 27 Feb 2024 |
| Tai Mo Shan | 1% | last FY 2023 | 3 years | FY 2023 · filed 27 Feb 2024 |
About this data
US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.
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