CatalystEarnings

📊 S&P 500 Q1 2026 Margins

SPY

$765.16

+0.44%

VOO

$703.41

+0.45%

What changed

Gross: 56.4% Operating: 32.5% Net: 31.4% Operating margin expanded +2.3pp vs Q1 2025 $SPY $VOO #earnings

Why it matters

Operating margin expanded +2.3pp vs Q1 2025, a key earnings catalyst.

Sources

pipeline