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Webull’s Q2 earnings test as trading volumes surge on PDT rule change

Online brokerage faces investor scrutiny after regulatory shift fuels 43% jump in daily trading volume. Analysts project EPS of $0.035 and revenue of $165.71 million.

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Priya Anand · Equities & Earnings Desk · 20 Aug 2026 · 17:38 · 1 min read
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Webull’s Q2 earnings test as trading volumes surge on PDT rule change

Webull Corp is set to report second-quarter earnings after the market close, with analysts projecting adjusted earnings per share of $0.035, up from $0.03 in the prior quarter. Revenue is expected to reach $165.71 million, a 3.6% increase from the first quarter’s $159.93 million. Over the past two months, EPS estimates have declined by 16.7%, while revenue forecasts have risen by 6.4%.

The brokerage’s performance will be closely watched amid a surge in trading activity following regulatory changes. Effective June 4, 2026, the U.S. Securities and Exchange Commission eliminated the Pattern Day Trader (PDT) rule and reduced the minimum account balance for day traders from $25,000 to $2,000. Rosenblatt analyst Chris Brendler highlighted in mid-July that Webull’s June trading update showed combined average daily volume up 43% month-over-month, compared with a 5% rise in broader market activity.

Webull’s first-quarter results underscored its rapid growth trajectory. Customer assets climbed 90% year-over-year to $24 billion, while equity notional volume more than doubled to $261 billion. The company reported a 76.29% gross margin in its most recent full-year results, though earnings fell 25% short of analyst expectations. The stock currently trades at $7.93, with three analysts assigning a Strong Buy rating and a mean price target of $12.33, implying a 55.5% upside. Webull’s 52-week high stands at $16.04.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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