In the latest data point for Q1'26, HOOD reported a Gross Margin of 94.4%, an Operating Margin of 38.52%, and a Net Profit Margin of 32.8%. These figures reflect a slight moderation from the previous quarter's levels but remain significantly elevated compared to the early 2023 period. The overall trend from Q2'23 to Q1'26 shows remarkable expansion in profitability, with Gross Margin consistently maintaining a high floor above 91%. Most notably, the Net Profit Margin transitioned from a low of -18.2% in Q3'23 to a sustained positive trajectory, peaking at 90.3% in Q4'24 due to significant operational scaling. While margins experienced some volatility between Q4'24 and Q1'26, the company has successfully moved from a loss-making position to maintaining double-digit operating and net margins.