Webull (NASDAQ:BULL) Releases Quarterly Earnings Results

Webull (NASDAQ:BULL) announced its earnings results on Wednesday. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.11, FiscalAI reports. The business had revenue of $198.83 million during the quarter. Webull had a net margin of 6.26% and a return on equity of 6.00%. The company’s revenue was up 51.2% compared to the same quarter last year.

Here are the key takeaways from Webull’s conference call:

• Record Q2 results included revenue of $198.8 million, up 51% year over year, and adjusted operating profit of $62.6 million, up 169%, as revenue growth outpaced expense growth.
• The elimination of the Pattern Day Trader rule on June 4 drove substantial activity, with equity notional volume up 73% year over year and options volume up 68%; management said July and August activity remained broadly sustainable.
• Customer assets rose 79% year over year to $28.5 billion, supported by $1.6 billion of quarterly net deposits, while international funded accounts reached approximately 810,000 and APAC assets exceeded $5 billion.
• Webull reported continued momentum in AI and newer products, including 480,000 active Vega users, natural-language trading and research through its MCP server, and prediction-market revenue estimated at $5 million to $6 million per quarter.
• Management expects marketing expenses to remain near first-half levels for the rest of 2026 as prior promotional costs roll off, while the institutional business has taken longer than expected to develop and U.S. clearing activity is not anticipated soon.

Webull Trading Up 2.4%

Shares of BULL stock opened at $8.85 on Friday. The business has a 50-day moving average of $7.35 and a 200 day moving average of $6.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.35 and a quick ratio of 1.35. Webull has a 1-year low of $4.50 and a 1-year high of $16.04. The stock has a market capitalization of $4.71 billion, a PE ratio of 110.64 and a beta of 0.53.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BULL shares. Weiss Ratings upgraded Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Rosenblatt Securities increased their price objective on Webull from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wall Street Zen cut Webull from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Institutional Trading of Webull

A number of institutional investors have recently made changes to their positions in BULL. State Street Corp boosted its position in Webull by 23,123.1% during the 4th quarter. State Street Corp now owns 4,342,717 shares of the company’s stock valued at $33,743,000 after buying an additional 4,324,017 shares during the period. Geode Capital Management LLC increased its position in shares of Webull by 938.5% in the fourth quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company’s stock valued at $28,230,000 after acquiring an additional 3,283,295 shares during the period. Millennium Management LLC raised its stake in shares of Webull by 336.5% during the fourth quarter. Millennium Management LLC now owns 3,433,314 shares of the company’s stock valued at $26,677,000 after acquiring an additional 2,646,701 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Webull by 491.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock valued at $20,789,000 after acquiring an additional 3,359,441 shares during the last quarter. Finally, Marex Group plc boosted its holdings in shares of Webull by 313.3% during the fourth quarter. Marex Group plc now owns 2,107,938 shares of the company’s stock worth $16,379,000 after purchasing an additional 1,597,921 shares during the period. Hedge funds and other institutional investors own 92.48% of the company’s stock.

Key Stories Impacting Webull

Here are the key news stories impacting Webull this week:

• Positive Sentiment: Record second-quarter results: Webull reported $198.8 million in revenue, up 51.2% year over year, and earnings of $0.12 per share, exceeding the $0.01 consensus estimate. Net income reached $24.4 million versus a loss a year earlier. Webull Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Trading activity accelerated: Trading-related revenue increased 66%, equity volume rose 73%, options volume grew 68%, and daily average revenue trades climbed 62% to 1.6 million. The elimination of the pattern day trader rule appears to have encouraged greater customer activity. Webull Stock Jumps After Record Trading Volume Drives Record Q2 Revenue
• Positive Sentiment: Customer and strategic growth: Customer assets increased 79% to $28.5 billion, while funded accounts reached 5.13 million. Webull is also investing in international expansion, institutional services, active-trader products, and share repurchases. Webull Corporation Q2 Results
• Positive Sentiment: Additional bullish positioning: Rosenblatt Securities initiated or reiterated a “Buy” rating, while traders purchased 139,347 call options—about 93% above average volume—signaling increased short-term optimism. Webull Earns Buy Rating
• Neutral Sentiment: The stock has rebounded sharply from its 52-week low and trades well above its longer-term moving averages, indicating strong momentum but also heightened volatility.
• Negative Sentiment: Despite the improved profitability, Webull’s valuation remains demanding, with a price-to-earnings ratio above 110. A reported sale of 75,000 shares by President Anthony Denier may also temper sentiment.

Webull Company Profile

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.