Western Alliance Bancorporation (WAL) Revenue History
Annual and quarterly revenue from 2001 to present
WAL Revenue Over Time (2001–2025)
WAL Revenue Growth History
20 of 23 years with positive growth- FY2001 revenue growth
- N/A
- FY2003 revenue growth
- +361.9%
- FY2004 revenue growth
- +71.4%
- FY2005 revenue growth
- +47.7%
- FY2006 revenue growth
- -30.4%
- FY2007 revenue growth
- +220.7%
- FY2008 revenue growth
- +2.1%
- FY2009 revenue growth
- -3.3%
- FY2010 revenue growth
- -12.3%
- FY2011 revenue growth
- +3.7%
- FY2012 revenue growth
- +13.3%
- FY2013 revenue growth
- +11.5%
- FY2014 revenue growth
- +18.1%
- FY2015 revenue growth
- +25.1%
- FY2016 revenue growth
- +34.1%
- FY2017 revenue growth
- +19.5%
- FY2018 revenue growth
- +20.9%
- FY2019 revenue growth
- +20.5%
- FY2020 revenue growth
- +3.7%
- FY2021 revenue growth
- +50.1%
- FY2022 revenue growth
- +47.9%
- FY2023 revenue growth
- +43.8%
- FY2024 revenue growth
- +17.8%
- FY2025 revenue growth
- +5.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $1.41B | — |
| Q3 2025 | $1.40B | — |
| Q2 2025 | $1.28B | — |
| Q1 2025 | $1.21B | — |
| Q4 2024 | $1.29B | — |
| Q3 2024 | $1.31B | — |
| Q2 2024 | $1.25B | — |
| Q1 2024 | $1.17B | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
WAL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WAL Revenue Analysis (2001–2025)
Current Revenue & Growth
As of June 23, 2026, Western Alliance Bancorporation (WAL) generated trailing twelve-month (TTM) revenue of $5.29 billion, reflecting solid growth of +9.0% year-over-year. The most recent quarter (Q4 2025) recorded $1.41 billion in revenue, up 0.6% sequentially.
Historical Growth Trajectory
WAL's 5-year compound annual growth rate (CAGR) stands at +31.6%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +21.2% is below the 5-year average, signalling a growth deceleration in recent years. Western Alliance Bancorporation's highest annual revenue of $5.28 billion was recorded in 2025, an all-time high.
Revenue by Segment
WAL's revenue is primarily driven by Interchange Fees (59%), and Other Fees (41%). With over half of revenue concentrated in Interchange Fees, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including EWBC, FHN, and IBOC. Compare WAL vs EWBC →
WAL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WALCurrent | $5.3B | +9.0% | +31.6% | 22.9% | |
 EWBC | $4.7B | - | - | 37.4% | |
 FHN | $5.0B | - | - | 25.7% | |
 IBOC | $1.1B | - | - | 49.4% | |
 BOKF | $3.3B | - | - | 21.4% | |
 GBCI | $1.4B | - | - | 22.9% |
WAL Historical Revenue Data (2001–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.28B | - | $3.22B | 61.1% | $1.21B | 22.9% |
| 2024 | $5.02B | - | $2.95B | 58.8% | $991.2M | 19.8% |
| 2023 | $4.26B | - | $2.50B | 58.7% | $933.6M | 21.9% |
| 2022 | $2.96B | - | $2.42B | 81.6% | $1.32B | 44.4% |
| 2021 | $2.00B | - | $1.92B | 95.9% | $1.12B | 56.1% |
| 2020 | $1.33B | - | $1.12B | 83.6% | $622.5M | 46.7% |
| 2019 | $1.29B | - | $1.08B | 84.1% | $604.2M | 47.0% |
| 2018 | $1.07B | - | $925.1M | 86.6% | $510.3M | 47.8% |
| 2017 | $882.9M | - | $804.8M | 91.2% | $451.8M | 51.2% |
| 2016 | $738.6M | - | $687.3M | 93.1% | $361.2M | 48.9% |
| 2015 | $550.6M | - | $514.8M | 93.5% | $258.5M | 47.0% |
| 2014 | $440.0M | - | $403.8M | 91.8% | $197.5M | 44.9% |
| 2013 | $372.6M | - | $329.6M | 88.5% | $145.7M | 39.1% |
| 2012 | $334.1M | - | $259.3M | 77.6% | $101.1M | 30.2% |
| 2011 | $295.0M | - | $209.9M | 71.1% | $50.3M | 17.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
25+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
WAL — Frequently Asked Questions
Quick answers to the most common questions about buying WAL stock.
Is WAL's revenue growth accelerating or slowing?
WAL revenue growth is holding steady at +9.0% year-over-year. TTM revenue is $5.3B. The current growth rate closely tracks the 5-year CAGR of +31.6%, signalling consistent execution.
What is WAL's revenue history from 2001 to 2026?
Western Alliance Bancorporation (WAL) revenue history spans 2001 to 2026. TTM revenue as of 2026 is $5.3B, growing at +9.0% YoY. The 5-year CAGR is +31.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is WAL's long-term revenue growth rate (CAGR)?
Western Alliance Bancorporation's 5-year revenue CAGR of +31.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +9.0% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for WAL.
Why does WAL's quarterly revenue fluctuate?
WAL 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. Western Alliance Bancorporation's revenue data from 2001 to 2026 shows full historical quarterly detail on this page.
How is WAL's revenue distributed by segment?
WAL 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 WAL's revenue compare to industry peers?
Western Alliance Bancorporation (WAL) with TTM revenue of $5.3B and +9.0% 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.