Webull Posts Record Q2 Revenue of $198.8 Million as PDT Rule Removal Lifts Trading
Updated
Updated · Yahoo Finance · Aug 19
Webull Posts Record Q2 Revenue of $198.8 Million as PDT Rule Removal Lifts Trading
3 articles · Updated · Yahoo Finance · Aug 19
Summary
$198.8 million in Q2 revenue and $62.6 million in adjusted operating profit marked record results for Webull, up 51% and 169% respectively from a year earlier.
June 4's elimination of the Pattern Day Trader rule was the key driver, helping push DARTs up 62% to 1.64 million, equity trading volume up 73% to $279 billion and options volume up 68% to 213 million contracts.
$147.7 million of revenue came from trading-related activity, up 66% year over year, as customers shifted to making more frequent smaller trades under Webull's zero-commission model.
$28.5 billion in customer assets, up 79%, added to the momentum as Webull said elevated trading activity continued into July and August and highlighted expansion in AI, crypto and prediction markets.
Top-five status in retail options trading and roughly $5 million to $6 million in prediction-markets revenue underscore Webull's push to broaden beyond core brokerage while capitalizing on the rule change.