Webull reported record second-quarter 2026 revenue of $198 million, with crypto trading contributing only about 1% of the total, a small slice that still earned a mention alongside the retail broker’s strongest quarter on record.
The company’s Q2 2026 results were disclosed in its quarterly earnings release, which framed the quarter as a revenue record. The crypto share figure was highlighted in reporting on the results by Cointelegraph, which noted crypto generated roughly 1% of the record quarter.
Webull has repositioned crypto within its U.S. lineup over the past two years, from its plan to relaunch U.S. crypto trading services to the eventual move that restored crypto trading for U.S. customers. The Q2 disclosure gives a first sense of how much that business is contributing.
What about 1% of $198 million works out to
Applied to the quarter’s revenue, roughly 1% of $198 million implies approximately $2 million in crypto-related revenue, an approximation derived from the reported percentage rather than a separately disclosed line item. For related coverage, see Webull Restores Crypto Trading for U.S. Customers.
That leaves the overwhelming majority of the quarter, more than 99%, coming from Webull’s non-crypto trading and related activity. Crypto, on these figures, is a marginal contributor rather than a core revenue engine. For related coverage, see BitGo Korea Secures VASP Registration for Institutional Crypto Custody.
Why a 1% share is still worth noting
The figure matters mainly as a benchmark. It puts a number on where crypto currently sits inside a retail brokerage that has actively rebuilt the offering, including through its Webull Pay and Coinbase partnership. For related coverage, see Bitcoin.com Adds UAE-Registered Dollar Stablecoin to Wallet.
Because crypto was called out alongside the record quarter, the disclosure offers a reference point for comparing the vertical against Webull’s broader trading business in future periods. On the current data, it is a small share, not a major earnings driver.
Additional color on the quarter appeared in coverage of the company’s Q2 2026 earnings call, which tied the results to a surge in trading activity.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
