Robinhood Markets posted its quarterly earnings results, the company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%.

Robinhood’s July update already showed billions of event contracts changing hands. Football season is the next clear test. If volume holds after the novelty fades, the stock has a real second engine. If it does not, HOOD goes back to trading like a high-beta crypto and meme name.

The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $0.42 EPS.

Robinhood Markets’s revenue was up 32.5% compared to the same quarter last year. Sell-side analysts forecast that Robinhood Markets, Inc. will post 2.08 EPS for the current fiscal year.