Webull Corp’s shares surged 11.8% in after-hours trading to $9.66 on Tuesday, extending gains beyond the prior close of $8.64, as investors reacted to the online brokerage’s second-quarter financial results and the implementation of a key regulatory change.
The company reported total revenue of $198.83 million for the quarter, a 51% increase from the same period last year and a 24% sequential rise. Adjusted earnings per share came in at $0.05. Trading-related revenue, a critical driver of performance, climbed approximately 66% year-over-year, while equity notional volume reached $279 billion. Options contracts volume also rose to 213 million contracts.
Customer assets grew 79% year-over-year to $28.5 billion, and the platform’s registered users increased 13% to 28.2 million. Funded accounts climbed 8% to 5.13 million. Group President and U.S. CEO Anthony Denier attributed the results to Webull’s technology platform, stating it allowed customers to "fully leverage the new trading environment from day one."
The surge in Webull’s stock coincided with the elimination of the Pattern Day Trader (PDT) rule on June 4, 2026, which reduced the minimum account balance requirement for day traders from $25,000 to $2,000. Analysts at Rosenblatt maintained a Buy rating with a $13 price target on the stock earlier in the day. The broader market showed modest gains, with the S&P 500 up 0.1%, the Dow Jones adding 0.03%, and the Nasdaq gaining 0.1% during regular trading hours.
Webull’s exposure to crypto trading activity also contributed to positive sentiment, as Bitcoin rallied during the session. The company’s performance reflects broader trends in retail trading activity and regulatory shifts impacting brokerage platforms.
