Crypto trading contributed around 1% to Webull's record $198 million revenue in Q2

cryptonews.ruPublished on 2026-08-20Last updated on 2026-08-20

Abstract

Webull reported that cryptocurrency trading generated $2.25 million in revenue, accounting for just over 1% of its record-breaking $198 million total revenue for the second quarter of 2026. The platform's overall revenue grew by 51% year-over-year. Revenue from stock and options trading made up the majority, contributing $112 million or about 56% of the total. During an earnings call, Webull's President Anthony Michael Denier noted a positive outlook for the crypto business, stating that "the clouds are dissipating" for the first time in nine months. He added that the company is gradually rolling out crypto deposit and withdrawal features. The platform's quarterly revenue slightly exceeded Wall Street consensus estimates of $194.5 million. Following the announcement, Webull's stock price rose significantly. In contrast, competitor Robinhood reported record quarterly results in late July but saw its crypto transaction revenue decline by 38% to $100 million.

Webull reported on Wednesday that cryptocurrency trading generated $2.25 million — just over 1% of the platform's record $198 million revenue for the second quarter of 2026.

Revenue for the period grew 51% year-over-year, according to the online broker and digital trading platform's earnings press release published on Wednesday.

Equity and options trading generated $112 million in quarterly revenue, or about 56% of the total $198 million.

"For the first time in the last nine months, I see clouds clearing over the crypto business, and that's a very positive note," said Webull President and Director Anthony Michael Denier during a conference call held on Wednesday. He added that the company is gradually implementing cryptocurrency deposit and withdrawal capabilities.

Online broker Robinhood also reported record quarterly results on July 30, although its crypto transaction revenue fell 38% — to $100 million from approximately $160 million a year earlier.

Cointelegraph has contacted Webull for more information on its cryptocurrency trading revenue compared to previous quarters.

The platform's quarterly revenue slightly exceeded Wall Street's consensus forecast of $194.5 million, according to analyst estimates published by Yahoo Finance. On Wednesday, Webull's stock price rose 8.9%, and in pre-market trading on Thursday, it gained nearly 15%, reaching $9.98 per share at 10:37 UTC.

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Related Questions

QWhat percentage of Webull's record Q2 2026 revenue came from cryptocurrency trading?

ACryptocurrency trading contributed just over 1% to Webull's record Q2 2026 revenue.

QHow much revenue did Webull generate from stock and options trading in Q2 2026?

AWebull generated $112 million from stock and options trading in Q2 2026, accounting for about 56% of its total revenue.

QWhat was the annual growth rate of Webull's total revenue in Q2 2026?

AWebull's total revenue grew by 51% year-over-year in Q2 2026.

QHow did Webull's cryptocurrency revenue performance compare to Robinhood's in the reported quarter?

AWhile Webull saw positive momentum in its crypto business, Robinhood reported a 38% year-over-year decline in crypto transaction revenue, dropping to $100 million from about $160 million.

QWhat was the Wall Street consensus revenue estimate for Webull in Q2 2026, and how did the actual results compare?

AThe Wall Street consensus revenue estimate for Webull in Q2 2026 was $194.5 million. Webull's actual revenue slightly exceeded this estimate, coming in at $198 million.

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