As of Q4'25, Robinhood ( HOOD ) reported a Gross Margin of 95.6%, an Operating Margin of 49.8%, and a Net Profit Margin of 147.2%. This marks a significant improvement compared to previous quarters, especially in Net Profit Margin, which reached its highest level in the period covered. From Q1'23 to Q4'25, the chart shows a steady upward trend across all margin metrics. Gross Margin remained consistently high, rising from 91.8% to 95.6%. Operating and Net Profit Margins experienced notable volatility in 2023, including negative values in early quarters, but both metrics turned positive and accelerated sharply from 2024 onward. The Net Profit Margin, in particular, saw a dramatic surge in Q4'24 and Q4'25, indicating substantial profitability improvements and operational efficiency gains over the observed period.