BULL

Webull Corporation (BULL) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Webull Corporation, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The company is expected to earn $0.07 per share for the current quarter, which represents a year-over-year change of 0.0%. The Zacks Consensus Estimate for Webull Corporation has increased 100% over the last 30 days, as two estimates have gone higher compared to no negative revisions. The company is expected to earn $0.24 per share for the full year, which represents a change of +122.2% from the prior-year number. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, two estimates have moved up for Webull Corporation versus no negative revisions. This has pushed the consensus estimate 125% higher. Thanks to promising estimate revisions, Webull Corporation currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. While strong estimate revisions for Webull Corporation have attracted decent investments and pushed the stock 25.3% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Webull Corporation (BULL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Webull stock has had a tough 12 months, with the share price down 43.0%. However, the latest valuation checks and recent share recovery paint a more mixed picture rather than a clear bargain or clear overpricing. Over the last year Webull has declined 43.0%, which means any short term bounce is still happening against a weaker recent track record for shareholders. Record trading activity and expansion efforts can support higher earnings expectations. At the same time, deal execution and the risk that recent volume strength fades may limit how much investors are willing to pay for the stock. Webull scores 3 out of 6 on Simply Wall St's valuation checks, which points to a mixed picture rather than a clearly cheap stock on the broader metrics, 3. The issue now is whether the current share price for Webull already reflects these improving fundamentals, or if the recent weakness has left some valuation upside on the table. Find out why Webull's -43.0% return over the last year is lagging behind its peers. The P/E multiple suits Webull because earnings are now positive and give a clear anchor for what investors are paying for each dollar of profit. Webull currently trades on a P/E of about 109.2x, compared with roughly 38.6x for the wider Capital Markets industry and a peer average near 20.1x. That is a steep premium to both direct peers and the broader sector. The fair P/E ratio implied by Simply Wall St’s model is about 51.6x, which already builds in the company’s business profile, risk and sector position. Even against that tailored yardstick, Webull’s current multiple is roughly double the level the model suggests. Despite the strong Q2 2026 report and brisk trading activity, the market is asking investors to pay a high price for those earnings. On the P/E multiple alone, Webull stock currently appears overvalued. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where this valuation puzzle for Webull leaves off and explain which expectations for growth, margins and earnings would need to hold for the stock to be worth materially more or less than today's price on the Community page. Each narrative is framed as a thesis about Webull's business that you can track over time, rather than a one off fair value snapshot, so you can see how the story develops against actual results. One of the top community narratives on Webull: 27% undervalued Read one of the top narratives on Webull Do you think there's more to the story for Webull? Head over to our Community to see what others are saying! For Webull, the current market-multiple view points to an overvalued stock, with the P/E sitting well above both industry levels and the tailored fair multiple suggested by broader checks. That does not rule out further upside, but it does mean expectations for sustained earnings strength and trading activity already look demanding. The key question from here is whether Webull can keep delivering profits and business momentum that justify such a premium, or whether the multiple settles closer to peers over time. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BULL. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

BULL delivered a record $199M quarter after the PDT rule elimination but trades at 43x forward earnings, leaving just 1% upside to our $9.03 target. HOOD's $75B market cap and IBKR's 77% pretax margin expose how far BULL's $4B valuation and thinner profitability still trail its peers. PFOF rebates drove $113M of Q2 revenue, meaning any regulatory crackdown could reshape Webull's entire business model overnight. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Webull didn't make the cut. Grab the names FREE today. Webull just delivered its best quarter as a public company, and the debate now is whether the operating leverage on display justifies chasing the recent rally. My model says the market has already caught up. Our 24/7 Wall St. price target for Webull (NASDAQ: BULL) is $9.03 over the next 12 months, implying roughly 1% upside from $8.97. The recommendation is hold at a 90% confidence level. Webull is a fundamentally better business than it was a year ago, but the stock has already priced in most of the near-term good news. BULL is up 12.65% over the past week and 11.2% year to date, though shares are still down 42.13% over the past year and sit well below the $16.04 52-week high. Q2 revenue hit $198.83 million, up 51.21% year over year, with GAAP EPS of $0.04 versus a $0.025 estimate. CEO Anthony Denier called the June 4th elimination of the Pattern Day Trader Rule the "defining event for the quarter." DARTs hit a record 1.6 million, options volume reached 213 million contracts, and customer assets grew 79% to $28.5 billion. Adjusted operating margin reached 31.5%. New AI trading tools announced this week added fresh momentum to the shares. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Webull didn't make the cut. Grab the names FREE today. The bull case rests on durability. Management said August activity is "even stronger than July," suggesting PDT repeal is a durable, permanent step-change in engagement. Vega AI now has 480,000 active users, international funded accounts reached 810,000, and the pending Pi Securities acquisition in Thailand adds regional scale. Northland Securities reaffirmed a Buy rating in July, and the current analyst consensus target sits at $12.33 with 3 Buy ratings and zero Sells. Our own bull-case scenario projects $17.64 within 12 months if operating leverage continues to compound. Order flow rebates delivered $112.96 million in Q2, meaning any PFOF regulation reshapes the model overnight. Contra revenue also jumped to $12.4 million from $5.1 million, and government inquiries into China connections remain unresolved. Bulls will argue the higher promotional spend is deliberate investment in international growth that is already showing returns. Our bear scenario lands at $7.54. Robinhood (NASDAQ: HOOD) is the closest direct competitor for active US retail traders. HOOD posted Q2 EPS of $0.62 on $1.31 billion of revenue and carries a $75.3 billion market cap. Webull's $4.02 billion valuation looks modest by contrast, but HOOD is meaningfully more profitable per dollar of revenue, which makes BULL's forward P/E of 43x look full. Interactive Brokers (NASDAQ: IBKR) is the profitability benchmark. IBKR runs a 77% pretax margin with 5.19 million customer accounts and $930.3 billion in customer equity. Webull's $28.5 billion in customer assets is a fraction of that. On this peer set, our $9.03 target looks reasonable. Our 24/7 Wall St. price target is $9.03 with a hold rating and 90% confidence. The scale-tipper is valuation: forward P/E above 40 already reflects a lot of PDT-driven optimism. A pullback toward the $7.20 50-day moving average, or a Q3 print confirming sustained DART strength, would strengthen the bull case. Escalating PFOF regulation or continued climb in contra revenue would weaken it. These projections assume Webull executes on international expansion and defends US market share. A five-year bull case reaches $42.90 if operating leverage compounds; a bear case bottoms near $7.57 if PFOF economics erode. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Webull didn't make the cut. Grab the names FREE today. Contact [email protected] for any questions or corrections.

Webull (NASDAQ:BULL), a digital brokerage and retail investing platform, closed at $8.85, up 2.43%. Thursday's gain followed stronger-than-expected Q2 results and fresh product news, while investors are watching trading activity and third-quarter trends. Trading volume reached 50.0M shares, coming in about 301% above its three-month average of 12.5M shares. Webull IPO'd in 2025 and has fallen 33% since going public. The S&P 500 (SNPINDEX:^GSPC) fell 0.85% to 7,642, and the Nasdaq Composite (NASDAQINDEX:^IXIC) declined 1.00% to 26,067. Among online brokerage and digital investment platform rivals, Robinhood Markets (NASDAQ:HOOD) closed at $95.10, down 0.70%, while Interactive Brokers Group (NASDAQ:IBKR) finished at $89.85, down 0.76%. Wall Street's muted response to Webull's Q2 results probably sells how excellent the quarter was a bit short. Webull: grew sales by 51% increased trading-related revenue by 67% saw adjusted operating expenses rise only 26% nearly tripled its adjusted operating profit soared past analysts' expectations grew customer AUM by 79% saw registered users rise 13% It was a record-setting event across most metrics for Webull as it carves out a niche in the digital brokerage market, offering institutional-grade capabilities at a cheap price -- often free. Trading at 37x forward earnings, the company's blistering growth isn't outrageously priced, but BULL stock is likely to remain volatile during this hypergrowth phase, as profitability continues to rise. I'll keep Webull on my radar as I try to determine whether it has any moat against its main competitors. Before you buy stock in Webull, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Webull wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $432,621!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,335,314!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 20, 2026. Josh Kohn-Lindquist has positions in Robinhood Markets. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group and short January 2027 $46.25 calls on Interactive Brokers Group. The Motley Fool has a disclosure policy. Stock Market Today, Aug. 20: Webull Initially Surges 14%, Ends 2% Higher After Record Q2 Revenue and Earnings Beat was originally published by The Motley Fool

This article first appeared on GuruFocus. Revenue: Record revenue of $198.8 million, up 51% year over year. Adjusted Operating Profit: Record $62.6 million, up 169% year over year, with an adjusted operating margin of 31.5%. Adjusted Net Income: $43.2 million, representing a net profit margin of 21.7%. Adjusted Operating Expenses: $136.2 million, up 26% year over year and down 6% sequentially. Trading-Related Revenue: Increased 66% year over year to $147.7 million. Interest-Related Income: Grew 18% year over year to $42.8 million. Customer Assets: Reached $28.5 billion, up 79% year over year. Net Customer Deposits: $1.6 billion in the quarter, up over 7% year over year. Equity Notional Volume: Totaled $279 billion, up 73% year over year. Options Contract Volume: Reached 213 million contracts, up 68% year over year. Daily Average Revenue Trades (DARTs): Increased 62% year over year to $1.64 million. Funded Accounts: Reached $5.13 million, an 8% year-over-year increase. Registered Users: Totaled $28.2 million, up 13% year over year. Warning! GuruFocus has detected 6 Warning Signs with BULL. Is BULL fairly valued? Test your thesis with our free DCF calculator. Release Date: August 19, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record Q2 revenue of $198.8 million, up 51% year-over-year, driven by strong trading activity and asset growth. Adjusted operating profit reached a record $62.6 million, with a 31.5% operating margin, demonstrating significant operating leverage. Successfully navigated the SEC's elimination of the Pattern Day Trader (PDT) rule, leading to record trading volumes and a top-five position in retail options. Customer assets grew 79% year-over-year to $28.5 billion, with average account size nearly doubling to over $5,500. AI-powered Vega system saw strong adoption, with 480,000 active users and a 23% quarter-over-quarter increase in engagement from active traders. International expansion continues, with launches in Spain, Argentina, and Colombia, and the acquisition of Thai Securities to boost APAC growth. Institutional business is growing, with AUM exceeding $1.4 billion, and new offerings like futures and prediction markets expanding the product suite. Marketing expenses, while normalized, still reflect amortization from prior aggressive promotions, impacting near-term profitability. Crypto revenue remains minimal at just over 1% of total revenue, with the business still in early stages of recovery. Institutional business growth has been slower than expected, with onboarding taking longer than anticipated. July saw a slight softness in equity volumes compared to June, indicating some market sensitivity. The company is actively addressing dormant accounts, which involves operational costs and may temporarily impact net funded account growth. Prediction markets, while growing, are still a small revenue contributor, with quarterly revenue estimated at $5-6 million. The PDT rule change benefit may not be fully durable, with potential for volume normalization as initial excitement fades. Q: The removal of the PDT rule drove a strong increase in activity. Is the bigger opportunity customers trading more actively within their accounts or transferring assets and consolidating activity from several brokers? What will show that this is a durable benefit rather than an initial bump?A: Anthony Denier (President): The benefit comes from both sides. We aggressively targeted accounts that were fractionalizing their brokerage accounts to skirt the PDT rules, leading to considerable new deposits. The durability is evident in July and August data, which shows sustained volume levels. We are seeing a change in trader behavior, with customers taking smaller, more frequent "scalps" on positions. This is a double positive as it not only raises volume but also increases our take rates on payment for order flow. Q: Can you elaborate on what you mean by addressing dormant accounts and the impact on your funded account metrics?A: Anthony Denier (President): Dormant accounts are a compliance function where states require broker-dealers to liquidate positions and transfer funds to the state. Many of these accounts came from the "GameStop Frenzy" era with very low AUM ($10-$15) and were not real investors. Removing these non-revenue-producing accounts cleans up our account base and is a healthy thing for the business. We are replacing them with high-quality accounts, which is a factor in our average account size nearly doubling to over $5,500. Q: Marketing costs were down quite a bit quarter-over-quarter. Can you provide directional commentary on how this should shape out for the rest of the year? Were there lumpy items in Q4 and Q1 related to prior quarter incentives?A: H.C. Wang (CFO): The normalization of marketing expense is due to the amortization of last year's aggressive asset match promotions (e.g., 3.5% match for IRA deposits). About 40% of Q1 marketing expense was related to last year. We have reduced the level of these promotions, so going forward, we expect marketing spend to be similar in quantum to the first half, not lower than Q2 levels but not higher than Q1 levels. Q: With the recent crypto rally, can you remind us where your crypto product stands today and any updates on coin-in/coin-out?A: Anthony Denier (President): Crypto has been a disappointing business, representing just over 1% of Q2 revenue ($2.25 million). However, we are in the process of greylisting coin-in/coin-out, which is perfect timing given the new spotlight on the asset class. For the first time in nine months, I am starting to see the cloud start to part in the crypto business. Any uptick will be immediately accretive to our business. Q: July saw a market slowdown, but your options business was fairly strong. Is your business not as market-sensitive today, or is the PDT rule supporting volumes? How should we think about market volatility as it relates to Webull's growth prospects?A: Anthony Denier (President): Webull is a bit more insulated than peers due to our high concentration of active traders. When there is volatility, our traders get involved and trade the momentum. On June 4, we abated more than 50,000 margin calls as a result of the PDT rule change and reached out to every one of those active funded accounts. Our numbers tend to be steady through downturns, which is something we are proud to have built over the years. Q: Can you highlight the main points of differentiation between your Agentic AI offering and peers like Robinhood and IBKR? How much volume is attributable to Agentic trading?A: Anthony Denier (President): We are in the early phases of Agentic trading, focusing on portfolio building, research, and trade analysis rather than algorithmic execution. We work with all the large AI agentic platforms via our MCP server. We are putting a lot of emphasis on education and responsible, transparent rollout. Towards the end of the year, you will see more product rollouts dealing with the execution side. There will be exciting announcements on our Vega product suite. Q: Margin balances stepped down in July. How are they trending in August, and how would you characterize your clients' risk appetite?A: H.C. Wang (CFO): Margin balances typically fluctuate with overall AUM levels. July was a choppy month with deleveraging, but over a longer time horizon, margin balances have been steadily increasing due to our best-in-class margin rates. Anthony Denier (President): August has been a very healthy trading month. Risk-on is back, and our margin debit balances are trending to all-time highs. Q: Can you provide an update on your institutional strategy overseas, specifically regarding the Korean platforms you partnered with?A: Anthony Denier (President): It has taken longer than expected, but we are ready to fight on all cylinders by the end of August with several large Korean platforms. The onboarding process is easier outside the US because of our differentiation in operating in 18 markets and executing trades in 16 of them. This is a huge differentiator for selling to platforms outside the US where the appetite for global trading is higher. Q: Do you have a revenue number tied to prediction markets for the quarter?A: Anthony Denier (President): We don't break it down in the sheet, but sequentially, prediction markets are up 71% quarter-over-quarter. We are probably doing between $5 million and $6 million per quarter right now, and that number grows significantly month-over-month. Q: How broad-based is the PDT rule benefit within your customers? Is there a first-mover advantage, or is it a rising tide that lifts all boats?A: Anthony Denier (President): The average customer age on Webull is 34, and many new users are younger. They no longer have to avoid options and equities due to PDT restrictions, which is a huge change for us. This is our core demographic, and it has paid off in engagement levels. On first-mover advantage, Webull was mentioned in almost 90% of articles about the PDT rule change, giving us significant exposure. While it lifts all tides, I will take the win on first-mover advantage. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Webull Corp (NASDAQ:BULL) shares jumped 13.8% in premarket trading on Thursday after the digital brokerage delivered its strongest quarterly performance since becoming a public company, beating Wall Street forecasts on both revenue and adjusted earnings. Second-quarter 2026 revenue reached $198.8 million, comfortably ahead of analysts’ expectations of approximately $165.7 million. Adjusted earnings came in at $0.05 per share, compared with the $0.04 consensus estimate. The positive reaction pushed Webull shares to $9.83 before the opening bell, up from the previous session’s close of $8.64. Trading-related revenue climbed 66% year on year to $147.7 million, providing the main engine for Webull’s quarterly growth. Adjusted operating profit increased even faster, surging 169% to a record $62.6 million. The sharp improvement demonstrated significant operating leverage, with revenue expanding considerably faster than the company’s expense base. Trading volumes were also substantial during the quarter. Equity notional volume reached $279 billion, while customers traded 213 million options contracts. One important catalyst was the elimination of the Pattern Day Trader rule on June 4, 2026. Removing the longstanding $25,000 minimum account balance requirement for day traders helped open the platform to greater participation from active retail traders and supported increased engagement. Webull also recorded strong growth across several key platform metrics. Customer assets increased 79% from the previous year to $28.5 billion, while the number of registered users rose 13% to 28.2 million. The company’s artificial intelligence initiatives are becoming another area of focus. Its Vega system reached 480,000 active users, highlighting increasing adoption of AI-powered functionality across the brokerage platform. The combination of higher customer assets, a larger registered user base and stronger trading activity points to an expanding platform at a time when regulatory changes are encouraging greater participation from active traders. The results prompted a positive response from Northland Securities analyst Michael Grondahl, who maintained his Buy rating on Webull while increasing his price target to $15 from $14. The analyst cited the strength of the second-quarter performance, evidence of operating leverage and the company’s AI-driven growth initiatives among the reasons for the higher target. The new $15 objective also remains substantially above Webull’s premarket price, providing additional support for investor sentiment following the earnings release. Broader U.S. equity markets offered little assistance to Thursday’s move. The S&P 500 was broadly unchanged, the Dow Jones traded slightly lower and the Nasdaq recorded only a marginal gain. Webull’s major competitors in the retail brokerage industry, including Robinhood Markets and Charles Schwab, also had no significant overnight developments that would explain a wider sector rally. That leaves Webull’s earnings beat, record adjusted operating profit, increased trading activity, regulatory tailwinds and Northland’s higher price target as the primary drivers behind the premarket surge. Despite climbing to $9.83, the stock remains well below its 52-week high of $16.04. Sustaining the current momentum will therefore depend on Webull’s ability to maintain strong customer engagement, translate higher trading volumes into earnings growth and continue expanding its user and asset base. Webull Corporation stock price

BULL surged 13% after Q2 revenue jumped 51% to $199M and adjusted operating profit soared 169%, driven by the June PDT rule elimination. HOOD ticked up just 2% on a peer read-through while flat IAI confirms today's move is entirely specific to Webull's earnings, not a sector rally. Webull's registered-user growth hit a three-year low of 13%, meaning the record quarter rested on existing customers trading more, not new account arrivals. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Webull didn't make the cut. Grab the names FREE today. Webull (NASDAQ:BULL) stock is up 13% to $9.76 in early Thursday trading after the online broker posted its strongest quarter as a public company. Meanwhile, Robinhood Markets (NASDAQ:HOOD) stock practically unchanged at $95.34. For the broader sector context, the iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares are flat/unchanged at around $190. That flat sector print on the IAI ETF matters for framing. IAI is a narrow, unleveraged industry fund concentrated in brokerages and exchanges, so an unchanged tape alongside a 13% move in Webull stock frames today as a single-company earnings reaction rather than a group rally. The tension worth surfacing sits underneath the Webull print. Webull's revenue and customer assets surged, yet registered-user growth was the slowest in at least three years, meaning the quarter was carried by existing customers trading far more rather than by new customers arriving on the platform. That distinction matters for how durable today's rally proves to be. [stock_chart symbol="BULL"] Webull reported Q2 2026 revenue of $198.8 million, up 51% year over year and above the $165.71 million consensus. Adjusted operating profit at Webull set a company record at $62.6 million, up 169%. Also, Webull's adjusted EPS of $0.05 topped the $0.04 estimate. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Webull didn't make the cut. Grab the names FREE today. Customer assets at Webull climbed to $28.5 billion, up 79%, and daily average revenue trades hit a record 1.64 million. Equity notional volume reached $279 billion, taking the firm to a top-five position among all retail brokers in options for the first time in its history. Moreiver, options contract volume totaled 213 million contracts. The catalyst behind the volume was the June 4, 2026 elimination of the Pattern Day Trader rule, which removed the $25,000 minimum account balance requirement for frequent margin day trading. Webull's average account size sits just below $5,000, so a large share of the customer base had been directly constrained by the old rule. Webull CEO Anthony Denier called the change the "defining event for the quarter" and told listeners on the call that "removal of PDT is the standard going forward. It will not revert or volumes will not revert to pre PDT levels." Northland Securities analyst Michael Grondahl maintained a Buy rating on Webull stock and raised his price target to $15 from $14. Through Wednesday's close, Webull stock was up 11% year to date, while Robinhood stock was down 15%. The IAI ETF was up 7% over the same stretch, in line with a steady grind higher in brokerages and exchanges. The performance gap widens further today. Robinhood stock is barely moving because the company has no earnings catalyst of its own on the tape, and both platforms cater to active traders while both stand to benefit from the PDT change over time. Only Webull is delivering a printed quarter into this session, and that is what the tape is rewarding. A nearly unchanged $190 print on the IAI ETF reinforces the point about scope. A narrow, unleveraged sector fund concentrated in brokerages and exchanges would move if the tape were repricing the broader group, and it isn't. The move is entirely idiosyncratic to Webull's Q2 results. Registered users at Webull grew to 28.2 million, up 13%, the slowest pace in at least three years. Webull's funded accounts came in at 5.13 million, up 8% year over year, meaning the quarter rested on existing customers trading far more rather than a wave of new brokerage relationships arriving on the platform. Volume per existing customer is the most cyclical input a brokerage has, and position sizing in Webull stock should reflect that dependence. If PDT-driven activity normalizes as markets quiet down, the same operating leverage that produced Webull's record adjusted operating profit will work in reverse. Moderate sizing in Webull stock preserves room to add on any pullback if Q3 volumes confirm the trend Denier described. On the call, Denier stated August was trending along June levels and was "looking even stronger than July", which sets a high bar for the Q3 comparison at Webull. Traders can watch for whether the 13% gain in Webull stock holds through the afternoon and that additional sell-side notes follow Northland's target increase. Shareholders may want to keep an eye on whether that sustained August activity translates into a Q3 revenue print that clears the bar Q2 just set. The next scheduled catalyst at Webull will be that Q3 report. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Webull didn't make the cut. Grab the names FREE today. Contact [email protected] for any questions or corrections.

Interested in Webull Corporation? Here are five stocks we like better. Record Q2 performance: Webull’s revenue rose 51% year over year to $198.8 million, while adjusted operating profit surged 169% to $62.6 million as expenses grew more slowly than revenue. PDT rule boosts trading: The June elimination of the Pattern Day Trader rule helped drive a 62% increase in DARTs, a 73% rise in equity trading volume and a 68% increase in options volume. Webull said elevated activity continued into July and August. Expansion beyond core brokerage: Customer assets climbed 79% to $28.5 billion, while Webull continued international expansion and development of AI, prediction-market and crypto offerings; prediction-markets revenue grew 71% sequentially to roughly $5 million-$6 million. Robinhood, SoFi, and Webull Are Telling Very Different Stories Webull (NASDAQ:BULL) reported record second-quarter results for 2026, with revenue rising 51% year over year to $198.8 million as higher trading activity and customer asset growth lifted both transaction- and interest-related income. Group President and U.S. CEO Anthony Denier said the elimination of the Pattern Day Trader, or PDT, rule on June 4 was the company’s defining event during the quarter. He said Webull’s technology allowed qualified customers to make unlimited day trades under its zero-commission model after the rule change took effect. → Looking Beyond CrowdStrike? 3 AI Security Stocks Stand Out The PDT Rule Is On Its Way Out: 5 Stocks That Stand to Benefit the Most “Executing on this rule change was our defining event for the quarter and contributed to a significant increase in trading volumes and record quarterly results,” Denier said. Webull reported trading-related revenue of $147.7 million, up 66% from a year earlier and 33% sequentially. Daily average revenue trades, or DARTs, increased 62% year over year to 1.64 million. → 3 Robotics Stocks Under $10: Value, Momentum, or Bet? Equity notional trading volume reached $279 billion, up 73% from the prior-year period, while options volume rose 68% to 213 million contracts. Options volume increased 34% sequentially. Denier said the activity helped Webull reach a top-five position among retail brokers in options trading for the first time. The company said the PDT rule’s removal has changed customer behavior, with traders making a greater number of smaller trades rather than conserving a limited number of day trades. Denier said the higher number of trades within overall volume has supported payment-for-order-flow economics. → Michael Burry Is Betting Against Palantir Again—Should Investors Care? Webull’s July operating figures showed options activity remained steady after the June change, according to Denier, while August trading activity was tracking above July levels. He said the company does not expect trading volumes to return to levels seen before the PDT rule was eliminated. Customer assets rose 79% year over year to $28.5 billion. Net customer deposits totaled $1.6 billion, up more than 7% year over year. Funded accounts reached 5.13 million, an 8% increase from a year earlier. Registered users increased 13% to 28.2 million. Quarterly retention was 97.3%. Group CFO H.C. Wang said adjusted operating expenses increased 26% year over year to $136.2 million, a slower rate than revenue growth. Expenses declined 6% from the first quarter, primarily because marketing costs normalized. Adjusted operating profit rose 169% year over year to $62.6 million, producing an adjusted operating margin of roughly 31%. Adjusted net income was $43.2 million, for a 21.7% net profit margin. Interest-related income increased 18% to $42.8 million, supported by higher assets under management, margin loan balances and client cash balances. Wang described interest income as a durable complement to the company’s trading revenue. Marketing expenses in the first half continued to include amortization related to asset-match promotions launched during 2025, Wang said. The company reduced the scale of those promotions beginning in the first quarter, including lowering a 3.5% IRA asset-match offer to 1% and ending some promotions in certain markets. For the remainder of 2026, Wang said Webull expects marketing spending to remain broadly between first-quarter and second-quarter levels, absent major market changes. Denier said current priorities include U.S. brand building, attracting higher-quality accounts and supporting international growth. Webull said it is licensed in 35 markets and has trading operations in 18 markets after launching in Spain, Argentina and Colombia during the second quarter. International funded accounts totaled about 810,000, while customer assets in Asia-Pacific exceeded $5 billion. The company recently announced an acquisition of Pi Securities in Thailand, expected to close at the end of August. Denier said the transaction is expected to expand Webull’s Asia-Pacific assets under management and provide access to active trading accounts in Thailand. Wang said Webull views its Asian operations collectively, citing cross-market opportunities including institutional clients and high-net-worth customers who may seek offshore accounts. Institutional assets under management exceeded $1.4 billion, or about 5% of total assets under management, with most institutional clients located outside the United States. In the U.S., Webull received a clearing license from FINRA in April but said it is not currently clearing trades and does not expect to begin doing so for some time. The company has expanded its institutional offering to include futures and prediction markets, and announced a partnership with Monark Markets to provide accredited investors access to late-stage private companies through special purpose vehicles. Webull continued to build AI-enabled products during the quarter. Its Vega AI intelligence system added about 160,000 users, bringing active Vega users to 480,000. Engagement among active traders rose about 23% sequentially, Denier said. The company also connected its MCP server with leading AI models, allowing users to use natural-language prompts for research, tool-building and trade execution through the Webull platform. Denier said the current focus is on portfolio construction, research and trade analysis, with additional execution-oriented AI features expected later in the year. Crypto revenue was about $2.25 million during the quarter, representing just over 1% of total revenue, according to Denier. He said Webull was in the process of gradually rolling out crypto deposit and withdrawal capabilities. Denier also said prediction-markets revenue was approximately $5 million to $6 million in the quarter and that the business grew 71% sequentially. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Webull Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Webull rallies 7% into Q2 earnings as analysts project 16% revenue growth, while Vlad Tenev drives Robinhood 7% higher lobbying for tokenized stock approval. Coinbase surges 11% on Bitcoin's rally but remains down 35% YTD, pulling ARKF up just 4% in a bounce rather than a trend reversal. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Robinhood didn't make the cut. Grab the names FREE today. Retail brokerage stocks are rallying midday Wednesday as Bitcoin (CRYPTO:BTC) surges and two separate company stories converge on the same crypto catalyst. Webull (NASDAQ:BULL) shares are up 7% to $8.49 ahead of the company's Q2 2026 earnings report after the close, while Robinhood Markets (NASDAQ:HOOD) shares are climbing 7% to $98.45 as CEO Vlad Tenev pushes U.S. regulators to approve tokenized stocks. Coinbase (NASDAQ:COIN) shares are up 11% to $163.32, extending a sharp bounce for the largest U.S. crypto exchange. Bitcoin is trading around $68,500, up 6% over the past 24 hours. The action reads as a bounce inside a down year rather than a trend change. Robinhood Markets stock was down 19% year to date (YTD) through Tuesday's close, and Coinbase stock is down 35% YTD. Webull will report Q2 2026 results on August 19 after the close. Three analysts project average revenue of $182.83 million for the quarter, up from $156.94 million a year earlier. The consensus EPS estimate sits at $0.03, below the $0.06 Webull posted a year earlier. The setup follows a strong Q1 2026 print. Webull reported Q1 revenue of $159.9 million, up 36% year over year (YoY), with customer assets of $24 billion (up 90%) and equity notional volume of $261 billion. Elimination of the Pattern Day Trader rule took effect June 4, and Webull's average account size sits just below $5,000, so a large share of its customers were directly affected by the old rule. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Robinhood didn't make the cut. Grab the names FREE today. U.S. CEO Anthony Denier told analysts in May he expected the change to lift transaction activity by at least 20% over time, saying, "This is not going to happen on day one on June 4, but I believe this will happen over time." Of the four analysts covering Webull, three rate the stock Strong Buy and one rates it Hold, with an average price target of $12.33. Robinhood Markets CEO Vlad Tenev argued in a post on X that the United States risks ceding next-generation financial market infrastructure to overseas competitors. Tenev called tokenization "the best path to modernizing the American financial system and expanding the dream of ownership to all." He added, "It would be a strange outcome if the rest of the world could build the future of ownership around American assets while Americans themselves were left behind." Robinhood Markets has made tokenized U.S. stocks available in more than 120 countries and has tokenized more than 190 U.S. stocks, backed 1:1 by underlying shares. Holders do not directly own those underlying shares, a distinction that has given U.S. regulators pause. Robinhood Chain, the permissionless Ethereum-compatible Layer 2 launched in July, became the fastest Ethereum Virtual Machine chain to reach 100 million transactions. The Kobeissi Letter said total trading volume in on-chain tokenized equities reached $9 billion in 2026, a record representing growth of more than 207% quarter over quarter and more than 800% YTD. Coinbase shares are up 11% to $163.32 as Bitcoin rallies, with no company-specific catalyst identified today beyond the broader crypto rally and a friendlier regulatory backdrop. Per Investor's Business Daily, the Senate has set a date for a vote on the CLARITY Act, the SEC has proposed new rules for crypto offerings, and the White House is preparing to host a crypto summit. Even with today's rip, Coinbase stock remains one of the weaker fintech names in 2026, reflecting soft spot volumes and a Q2 miss earlier this summer. The bounce narrative depends on Bitcoin holding its gains. The ARK Fintech Innovation ETF (NYSEARCA:ARKF) is up 4% to $44.2, tracking the fintech and crypto-linked names inside the portfolio. ARKF is an actively managed thematic fund with meaningful exposure to crypto and blockchain issuers alongside Robinhood Markets and Coinbase, which sit at 4.5% and 5.8% of net assets, respectively. ARKF shares were down 11% YTD through Tuesday's close. Actively managed thematic funds carry single-manager risk and holdings-concentration risk, so position sizing matters when the group swings hard in either direction. The Webull earnings report after the close is the next real data point, with the conference call likely to focus on PDT-driven volume, AI product traction, and international expansion. Investors can stay tuned for management's read on July and August activity, since Webull now publishes monthly operating metrics. The tokenization push from Robinhood Markets sets up the next regulatory beat, with the CLARITY Act vote as the near-term marker. Traders may want to keep an eye on whether Coinbase and Bitcoin hold their gains into Thursday, because a fade in crypto prices would pull the fintech complex back down quickly. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Robinhood didn't make the cut. Grab the names FREE today. Contact [email protected] for any questions or corrections.

Webull Corporation (BULL) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to a loss of $1.1 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +133.33%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.02, delivering a surprise of -33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Webull Corporation, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $198.83 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 13.62%. This compares to year-ago revenues of $131.49 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Webull Corporation shares have added about 2.1% since the beginning of the year versus the S&P 500's gain of 12.4%. While Webull Corporation has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Webull Corporation was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $186.69 million in revenues for the coming quarter and $0.14 on $719.22 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Qfin Holdings Inc. - Sponsored ADR (QFIN), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 25. This company is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of -46.1%. The consensus EPS estimate for the quarter has been revised 5.2% lower over the last 30 days to the current level. Qfin Holdings Inc. - Sponsored ADR's revenues are expected to be $519.98 million, down 28.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Webull Corporation (BULL) : Free Stock Analysis Report Qfin Holdings Inc. - Sponsored ADR (QFIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Webull's Q2 revenue reached $198.8 million, surpassing estimates of $165.71 million. Trading-related revenue increased 66% year-on-year to $147.7 million. Reported earnings were $0.04 per share, compared to a loss of $1.20 per share in the same quarter last year. Webull (BULL) share price soared 11% after-hours on Wednesday after the stockbroking firm’s Q2 revenue and earnings surged past expectations, taking support from strong trading volumes during the quarter. Trading-related revenue increased 66% year-on-year (YoY) to $147.7 million, while equity notional volume grew 73% YoY to $279 billion. Options contracts volume surged 68% YoY to 213 million contracts and increased 34% sequentially. Customer assets totaled $28.5 billion, up 79% YoY. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox "Q2 was the best quarter in Webull’s history, with record revenue of $198.8 million, up 51% year-over-year and 24% sequentially," said H.C. Wang, Chief Financial Officer. "Adjusted operating profit reached $62.6 million, representing a 31.5% operating margin, while adjusted net income was $43.2 million." The broker’s total user base reached 28.2 million users in Q2, up 13% year-on-year, its slowest growth in at least three years. The June 2026 update to the PDT rules, under which traders are no longer required to maintain an account balance of $25000 to engage in frequent margin day trading, has helped Webull's revenue this quarter. "...a record second quarter for Webull, highlighted by our successful implementation of updated active trader functionality following the June 4 elimination of the Pattern Day Trader Rule," said Anthony Denier, Group President and U.S. CEO. Total revenue in Q2 increased 51% year-over-year to $198.8 million, surpassing estimates of $165.71 million. The company also reported a profit of $0.04 per share, compared with a loss of $1.20 per share in the same quarter last year. Retail sentiment on Stocktwits was ‘extremely bullish’ with ‘extremely high’ message volumes. One user was bullish on the company’s prospects and lauded its trading app. BULL stock has gained 7.5% year-to-date. For updates and corrections, email newsroom[at]stocktwits[dot]com. Shashank Nayar has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: Moderna Is Now S&P 500’s No. 2 Stock This Year — Wall Street, Jim Cramer And Elon Musk Cheer Cancer Vaccine Breakthrough MSTR Stock Climbs As Bitcoin Surges Past $69K For First Time Since June: Trump Urges Congress To Pass CLARITY Act TGT Stock Heads For Fourth Weekly Gains: Target’s Turnaround Gains Traction, DA Davidson Says ‘Earnings Power’ Can Keep Rising