Options Trading Volume, Customer Retention, Strong Trading Activity - What Worked for Webull in Q2

Lekha GuptaThu, August 20, 2026 at 1:05 PM UTC

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Webull Corporation(NASDAQ:BULL) shares are trading higher premarket on Thursday after the company reported strong second-quarter results.

Earnings Snapshot

The brokerage platform company posted second-quarter adjusted earnings of twelve cents per share, beating estimates of 3 cents per share.

Revenue rose 51% year over year to $198.83 million, beating estimates of $181.26 million, according to Benzinga Pro.

This was led by continued customer asset growth and strong trading activity across core asset classes, particularly options and equities.

Adjusted operating profit grew 169% year over year to a record $62.6 million, with an adjusted operating margin of approximately 31.5%.

Interest-related income increased 18% year over year to $42.8 million, mainly reflecting higher AUM, increased margin loans and larger client cash balances.

Webull exited the quarter with around $701.62 million in total cash and cash equivalents.

Key Metric

Customer assets rose 79% year over year to $28.5 billion following the change in the PDT rule, while average customer account size nearly doubled to more than $5,500.

Trading-related revenue rose 66% year over year to $147.7 million, aided by record volumes across core asset classes.

View more earnings on BULL

Daily average revenue trades increased 62% year over year to 1.64 million in the quarter.

Equity notional trading volume climbed 73% year over year to $279 billion, while options contract volume rose 68% year over year to 213 million contracts, putting Webull among the top retail brokers in options for the first time.

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Webull added approximately 600,000 registered users during the second quarter, bringing total registered users to 28.2 million, up 13% year over year from 24.9 million.

Funded accounts reached 5.13 million, an 8% year-over-year increase, with gross funded accounts rising by approximately 132,000 and net new funded accounts increasing by approximately 20,000.

Quarterly retention was 97.3%. Net customer deposits totaled $1.6 billion in the second quarter, up more than 7% year over year, supporting continued growth in customer assets.

Webull’s AI-powered Vega platform added approximately 160,000 users in the second quarter, taking total active users to 480,000, while active-trader engagement increased 23%.

APAC customer assets exceeded $5 billion, and the acquisition of Thailand-based PI Securities is expected to close at the end of August and significantly boost regional AUM.

Read Also:

Webull’s July Trading Update Points Towards Q2 Beat, Says Bullish Analyst

BULL Price Action: Webull shares were up 14.81% at $9.92 during premarket trading on Thursday, according to Benzinga Pro data.

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This article Options Trading Volume, Customer Retention, Strong Trading Activity - What Worked for Webull in Q2 originally appeared on Benzinga.com

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