Webull Posts Record Q2 Revenue as Trading Volumes Surge | LeapRate
Webull Corporation (NASDAQ: BULL) reported record second-quarter 2026 results on August 19, with total revenues rising 51% year-over-year to $198.8 million, the company announced in its earnings release for the period ended June 30, 2026.
Trading-related revenue climbed 66% year-over-year to $147.7 million, while adjusted operating profit reached $62.6 million, representing a 31.5% operating margin. Adjusted net income totaled $43.2 million, up from $15.4 million in the prior-year quarter. The company reported net income of $24.4 million, compared with a net loss of $28.3 million a year earlier.
Anthony Denier, Group President and U.S. CEO, attributed the results in part to the rollout of updated active trader functionality following the June 4 elimination of the Pattern Day Trader Rule, which he said contributed to record trading volumes and customer engagement.
Operationally, customer assets grew 79% year-over-year to $28.5 billion, funded accounts rose 8% to 5.13 million, and registered users increased 13% to 28.2 million. Daily average revenue trades (DARTs) grew 62% to 1.6 million, while equity notional volume reached $279 billion and options contract volume hit 213 million, both up sharply from the prior year.
The company also highlighted progress on its AI platform, Vega, which added roughly 160,000 new users during the quarter for a total of about 480,000 active users. Webull continued its international push, launching operations in Spain, Argentina and Colombia, and announced plans to acquire Pi Securities in Thailand as it expands its Asia-Pacific footprint, where customer assets now exceed $5 billion.
CFO H.C. Wang said the results reflect operating leverage within the platform and potential for further margin expansion.
