Webull Q2 2026 slides: record profit as trading surge lifts margins

Webull Corporation released its Q2 2026 earnings on August 19, 2026, revealing impressive financial results. The company reported record profitability, with total revenues reaching $198.8 million, a 51% increase year-over-year. Adjusted operating profit surged 169% to $62.6 million, nearly tripling the previous quarter's performance.

Earnings per share of $0.05 surpassed the consensus estimate of $0.04. Trading volumes surged, with equity notional volume increasing 73% to $279 billion and options contracts volume climbing 68% to 213 million contracts. The company's user base expanded, with registered users growing 13% to 28.2 million and funded accounts increasing 8% to 5.13 million.

The elimination of the pattern day trader rule in June 2026 contributed to the surge in trading activity. Webull maintained a strong customer retention rate of 97.3%, indicating that its platform enhancements and product offerings are appealing to active traders. Customer assets surged 79% year-over-year to $28.5 billion, driven by net deposits of $1.6 billion.

The company's profitability metrics reached record levels, with an adjusted operating margin of 31.5% and a net margin of 21.7%. Management highlighted that the technology platform handled the increased trading volume without issue, positioning Webull as a beneficiary of account consolidation in the industry.