Webull Corporation Class A Ordinary Shares (BULL) Revenue History
Annual and quarterly revenue from 2022 to present
BULL Revenue Over Time (2022–2025)
BULL Revenue Growth History
3 of 3 years with positive growth- FY2022 revenue growth
- N/A
- FY2023 revenue growth
- +0.3%
- FY2024 revenue growth
- +0.2%
- FY2025 revenue growth
- +46.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $131.5M | +46.3% |
| Q1 2025 | $117.4M | +32.0% |
| Q4 2024 | $107.7M | +27.4% |
| Q3 2024 | $101.9M | +2.3% |
| Q2 2024 | $89.9M | -11.5% |
| Q1 2024 | $88.9M | -14.8% |
| Q4 2023 | $84.5M | — |
| Q3 2023 | $99.6M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
BULL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
BULL Revenue Analysis (2022–2025)
Current Revenue & Growth
As of June 29, 2026, Webull Corporation Class A Ordinary Shares (BULL) generated trailing twelve-month (TTM) revenue of $458.4 million, reflecting explosive growth of +46.3% year-over-year. The most recent quarter (Q2 2025) recorded $131.5 million in revenue, up 12.0% sequentially.
Historical Growth Trajectory
BULL's historical revenue data shows a 3-year CAGR of +13.7%. Webull Corporation Class A Ordinary Shares's highest annual revenue of $571.0 million was recorded in 2025, an all-time high.
Revenue by Segment
BULL's revenue is primarily driven by Other Revenue Member (96%), and Other Member (4%). With over half of revenue concentrated in Other Revenue Member, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including HOOD, FUTU, and TIGR. Compare BULL vs HOOD →
BULL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BULLCurrent | $458M | +46.3% | - | 10.2% | |
 HOOD | $4.5B | - | - | 46.8% | |
 FUTU | $22.8B | - | - | 61.6% | |
 TIGR | $614M | - | - | 46.0% | |
 IBKR | $10.2B | - | - | 86.0% | |
 MKTX | $849M | - | - | 41.2% |
BULL Historical Revenue Data (2022–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $571.0M | +46.3% | $442.2M | 77.5% | $58.5M | 10.2% |
| 2024 | $390.2M | +0.2% | $310.9M | 79.7% | $-14,353,268 | -3.7% |
| 2023 | $389.6M | +0.3% | $323.2M | 83.0% | $23.0M | 5.9% |
| 2022 | $388.3M | - | $328.6M | 84.6% | $68.6M | 17.7% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
4+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
BULL — Frequently Asked Questions
Quick answers to the most common questions about buying BULL stock.
Is BULL's revenue growth accelerating or slowing?
BULL revenue growth is accelerating. TTM revenue reached $458M, up +46.3% year-over-year — ahead of the 5-year CAGR of N/A. This indicates the business is expanding faster than its historical baseline.
What is BULL's revenue history from 2022 to 2026?
Webull Corporation Class A Ordinary Shares (BULL) revenue history spans 2022 to 2026. TTM revenue as of 2026 is $458M, growing at +46.3% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BULL's long-term revenue growth rate (CAGR)?
Webull Corporation Class A Ordinary Shares's 5-year revenue CAGR of N/A reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +46.3% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BULL.
Why does BULL's quarterly revenue fluctuate?
BULL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Webull Corporation Class A Ordinary Shares's revenue data from 2022 to 2026 shows full historical quarterly detail on this page.
How is BULL's revenue distributed by segment?
BULL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BULL's revenue compare to industry peers?
Webull Corporation Class A Ordinary Shares (BULL) with TTM revenue of $458M and +46.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.