Webull (NASDAQ:BULL) Issues Earnings Results, Beats Expectations By $0.11 EPS

Webull (NASDAQ:BULL) posted its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.11, FiscalAI reports. The firm had revenue of $198.83 million for the quarter. Webull had a positive return on equity of 2.44% and a negative net margin of 1.64%.The business’s revenue was up 51.2% on a year-over-year basis.

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 Price Performance

BULL traded up $0.71 during trading on Wednesday, hitting $8.64. 36,983,507 shares of the stock traded hands, compared to its average volume of 11,852,586. The business has a 50 day moving average price of $7.31 and a 200 day moving average price of $6.50. 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 twelve month low of $4.50 and a twelve month high of $16.04. The company has a market cap of $4.59 billion, a price-to-earnings ratio of -7.45 and a beta of 0.53.

Key Webull News

Here are the key news stories impacting Webull this week:

• Positive Sentiment: Record quarterly results: Webull reported revenue of approximately $198.8 million, up 51% year over year, while earnings exceeded analyst expectations. Reported quarterly EPS was cited at $0.07 by Zacks and $0.12 by MarketBeat, compared with a loss of $1.10 per share in the year-ago period. Webull Corporation Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Profitability improved sharply: Net income attributable to Webull was $24.4 million, versus a net loss in the prior-year quarter, while adjusted net income reached $43.2 million. The earnings turnaround strengthens the investment case for the brokerage’s growth strategy. Webull Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Trading activity surged: Trading-related revenue rose 66%, equity notional volume increased 73%, options volume grew 68% and daily average revenue trades climbed 62% to 1.6 million. Customer assets reached $28.5 billion and funded accounts increased to 5.13 million. Webull Delivers Record Q2 2026 Results
• Positive Sentiment: Additional catalysts: Investors viewed the elimination of the Pattern Day Trader rule as a potential driver of customer engagement and volume. Webull also repurchased and cancelled about 1.82 million shares during the quarter, while international expansion and institutional initiatives support longer-term growth. Unusually high call-option activity and a reaffirmed Rosenblatt Securities “buy” rating with a $13 price target added to bullish sentiment.
• Neutral Sentiment: Retail brokerage stocks also benefited from strength in Bitcoin, providing a broader market tailwind for Webull’s crypto-related activity and trading outlook. Webull Climbs Ahead of Q2 Earnings
• Negative Sentiment: Company insider Anthony Denier reportedly sold 75,000 shares during the past six months. Institutional positioning was mixed, with major investors including BlackRock and Citigroup adding shares while others reduced or exited positions.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BULL shares. Weiss Ratings lowered Webull from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded Webull from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $13.00 price objective on shares of Webull in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Webull currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Hedge Funds Weigh In On Webull

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp lifted its position in shares of Webull by 23,123.1% during the 4th quarter. State Street Corp now owns 4,342,717 shares of the company’s stock worth $33,743,000 after buying an additional 4,324,017 shares during the last quarter. Geode Capital Management LLC grew its position in 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 last quarter. Millennium Management LLC raised its stake in Webull by 336.5% during the fourth quarter. Millennium Management LLC now owns 3,433,314 shares of the company’s stock worth $26,677,000 after acquiring an additional 2,646,701 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Webull by 491.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock worth $20,789,000 after acquiring an additional 3,359,441 shares in the last quarter. Finally, Marex Group plc lifted its holdings in shares of Webull by 313.3% in the fourth quarter. Marex Group plc now owns 2,107,938 shares of the company’s stock worth $16,379,000 after acquiring an additional 1,597,921 shares during the last quarter. Institutional investors own 92.48% of the company’s stock.

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.