Crypto trading contributed just over 1% of Webull’s record Q2 revenue

Webull reports $198 million in Q2 revenue, crypto share remains small

Online trading platform Webull announced a record $198 million in revenue for the second quarter of 2026. However, cryptocurrency trading contributed only about $2.25 million, or just over 1% of the total revenue.

The company’s earnings release showed a 51% increase in revenue compared to the same period last year. Most of the income came from traditional trading, with equity and options generating $112 million, or 56% of the total.

Key figures from Webull’s earnings

• Total Q2 revenue: $198 million, up 51% year-over-year.
• Crypto trading revenue: $2.25 million, about 1.1% of total revenue.
• Equity and options trading revenue: $112 million, 56% of total.
• Stock price rose 8.9% on the day of the announcement.

Webull’s official earnings release

Webull’s earnings release confirmed the $2.25 million figure for crypto trading revenue. The company also stated it is gradually rolling out crypto deposit and withdrawal features. During an earnings call, Webull’s president and director, Anthony Michael Denier, mentioned seeing positive signs in the crypto business after a challenging period.

How Webull compares to Robinhood

Another trading platform, Robinhood, also reported record quarterly results in July 2026. However, its crypto transaction revenue fell 38% year-over-year, dropping from $160 million to $100 million. This contrast highlights the varying impact of crypto trading on different platforms.

What the numbers confirm

• Webull’s total Q2 revenue was $198 million, a 51% increase from the previous year.
• Crypto trading contributed $2.25 million, or about 1.1% of total revenue.
• Equity and options trading made up the majority of revenue at $112 million.
• Webull’s stock price increased by 8.9% following the earnings report.

What remains unclear

• Webull has not provided details on how crypto trading revenue compares to previous quarters.
• No specific timeline was given for the full rollout of crypto deposit and withdrawal features.

Why this matters for traders

The small share of crypto revenue at Webull shows that traditional trading still dominates the platform’s earnings. However, the company’s plans to expand crypto services suggest it sees potential in the market. For traders, this could mean more options for buying, selling, and transferring cryptocurrencies in the future.

Sources

• Cointelegraph
• Webull Earnings Release (PR Newswire)