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Webull Corporation (BULL)
NASDAQ:BULL
Earnings Data
Report Date
May 21, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.15Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong growth across revenue, customer assets (AUM), trading volumes and profitability, supported by product innovation (AI assistant Vega), subscription momentum and global expansion. These positives were balanced against elevated operating expenses—notably marketing—which drove a large sequential rise in Q4 costs, crypto and B2B contributions that are still early-stage, and some normalization in stock-lending interest income. On balance, the operational and financial momentum materially outweighs the near-term cost and early-stage execution risks.Company Guidance
Record Revenue and Strong YoY Growth
Full-year 2025 revenue of $571 million, up 46% year-over-year; Q4 revenue of $165.2 million, up 50% year-over-year.
Improved Profitability and Operating Margin
Full-year adjusted operating profit of $110.3 million with an adjusted operating profit margin of 19.3% (up 14.6 percentage points year-over-year). Q4 adjusted operating profit was $21.6 million (13% margin) and adjusted net income was $14.6 million (8.8% of revenue). Full-year adjusted net income was $84 million.
Large Increase in Customer Assets and Net Deposits
Legal customer assets reached $24.6 billion, an 81% increase year-over-year (includes ~ $1 billion from Webull Pay acquisition). Customers deposited $3.9 billion in Q4 (+225% year-over-year), bringing full-year cumulative net deposits to $8.6 billion.
Surging Trading Volumes Across Asset Classes
Full-year equity trading notional rose 59% to $732 billion and options volume rose 19% to 550 million contracts. Q4 equity notional was $239 billion (+87% year-over-year, +17% sequential), and Q4 options contracts were 154 million (+38% year-over-year, +5% sequential).
Growing and Engaged User Base
Registered users reached 26.8 million (+15% year-over-year), funded accounts reached 5.03 million (+8% year-over-year), and quarterly retention remained high at ~97%.
Successful Subscription and Premium Adoption
Webull Premium surpassed target with 102,000 subscribers at year-end; premium subscribers represent 30% of AUM and 60% of margin debit balances.
AI Product Momentum (Vega)
Vega AI assistant launched late in the year and already assists ~1.2 million global users per week; 10% of weekly active users have deployed Vega and the tool has answered over 10 million questions since creation.
New Product Launches and Diversification
Reintroduced crypto trading in the U.S. via Webull Pay acquisition and launched crypto in Australia and Brazil; introduced prediction markets (162 million contracts traded in the quarter, 81 million in December); launched BlackRock model portfolios (robo-advisor) and expanded international licensing (Netherlands and 4 additional EU markets).
Trading- and Interest-Related Revenue Growth
Trading-related revenues grew 56% year-over-year to $112.5 million in Q4. Interest-related income grew 31% year-over-year to $43.5 million for Q4, with customer margin balances up 43% year-over-year to $689 million.
Consistent Operating Profitability
Company delivered five consecutive quarters of adjusted operating profitability, each quarter generating over $20 million in adjusted operating profit.
BULL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BULL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $6.07 | $5.73 | -5.60% |
Nov 20, 2025 | $8.25 | $8.29 | +0.48% |
Aug 28, 2025 | $14.67 | $13.59 | -7.36% |
May 22, 2025 | $13.50 | $12.30 | -8.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Webull Corporation (BULL) report earnings?
Webull Corporation (BULL) is schdueled to report earning on May 21, 2026, After Close (Confirmed).
What is Webull Corporation (BULL) earnings time?
Webull Corporation (BULL) earnings time is at May 21, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BULL EPS forecast?
BULL EPS forecast for the fiscal quarter 2026 (Q1) is 0.05.