Webull Q2 2026: Record Revenue of $198.8M, Adjusted Operating Profit of $62.6M
BULL has more than doubled off its 52-week low of $4.5 on elevated volume (2.8× avg).
Summary
Webull reported record Q2 2026 results with revenue up 51% to $198.8M and adjusted operating profit of $62.6M, swinging to profitability from a prior-year loss.
Key Events · Earnings and Guidance · BULL
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Record Revenue and Profitability
Total revenue reached $198.8 million, up 51% year-over-year, while adjusted operating profit hit $62.6 million (31.5% margin), up from $23.3 million a year ago.
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Swing to Net Income
Net income attributable to the Company was $24.4 million, compared to a net loss of $28.3 million in Q2 2025, driven by revenue growth outpacing a 13% increase in operating expenses.
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Record Trading Volumes
Equity notional volume grew 73% to $279 billion and options contracts volume rose 68% to 213 million, with DARTs up 62% to 1.6 million following the Pattern Day Trader Rule elimination.
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Customer Asset Growth
Customer assets increased 79% year-over-year to $28.5 billion, supported by net deposits of $1.6 billion in the quarter and a 97.3% quarterly retention rate.
Analysis · BULL · Crypto Assets
The quarter marked Webull's strongest performance to date, with revenue climbing 51% year-over-year to $198.8 million and adjusted operating profit more than doubling to $62.6 million. A swing from a net loss of $28.3 million a year ago to net income of $24.4 million was driven by record trading volumes following the elimination of the Pattern Day Trader Rule. Customer assets grew 79% to $28.5 billion, and the company repurchased 1.8 million shares at an average price of $6.03, well below today's $9.27. These results confirm strong operating leverage and market share gains, though the share repurchase at a lower price highlights the stock's recent appreciation.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BULL was trading at $9.27 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $4.50 to $16.32. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.