Western Alliance Bancorporation (WAL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WAL Revenue Growth
Revenue Breakdown (FY 2025)
WAL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WAL Revenue Analysis (2014–2025)
As of May 8, 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.
Looking at the longer-term picture, WAL's 5-year compound annual growth rate (CAGR) stands at +31.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $5.28 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows WAL's business is primarily driven by Interchange Fees (59%), and Other Fees (41%). With over half of revenue concentrated in Interchange Fees, the company maintains significant focus in this area while developing other growth vectors.
When 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 | $3.4B | - | - | 19.8% | |
 GBCI | $1.4B | - | - | 22.9% |
WAL Historical Revenue Data (2014–2025)
| 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% |
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Start ComparisonWAL — Frequently Asked Questions
Quick answers to the most common questions about buying WAL stock.
Is WAL's revenue growth accelerating or slowing?
WAL maintains +9.0% revenue growth, in line with its 5-year CAGR of +31.6%. TTM revenue stands at $5.3B. Growth rate remains consistent with historical average.
What is WAL's long-term revenue growth rate?
Western Alliance Bancorporation's 5-year revenue CAGR of +31.6% reflects the sustained expansion pattern. Current YoY growth of +9.0% is near this long-term average.
How is WAL's revenue distributed by segment?
WAL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.