Webull Posts 36% Revenue Jump in Q1, Unveils $100M Buyback

Benzinga reported Thursday that retail brokerage platform Webull (NASDAQ: BULL) delivered strong first-quarter results for 2026. The company recorded Webull revenue growth of 36% year-over-year. Total quarterly revenue reached $160 million.

Customer Assets and Platform Metrics Surge

Customer assets held on the platform nearly doubled. They climbed 90% year-over-year to $24 billion. Trading volumes hit record levels during the quarter. The company noted particular strength in commodities futures, prediction markets, and crypto activity. Institutional order flow also gained ground. It now represents 9.5% of total platform equity volume.

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AI Tools and New Product Launches Take Center Stage

Management used the earnings call to spotlight several new product initiatives. Group President and US CEO Anthony Denier highlighted an AI-driven research tool called Zaga Analyst. The company also introduced Portfolio Blueprint, which allows one-click portfolio execution. A third product, AI Portfolio, enables agentic trading for users. These launches reflect Webull’s stated focus on building out both its AI product roadmap and underlying API infrastructure.

Background: Webull’s Push Into Institutional and Global Markets

Webull has spent recent quarters diversifying beyond its retail trading roots. The company obtained a US self-clearing license during the period. That approval is expected to reduce costs and improve operational flexibility for its B2B business. International growth continued in parallel. Webull received regulatory approvals to operate across 22 additional European markets. Its Asia-Pacific presence also remained a meaningful part of the business. Management acknowledged that long-term investments in marketing and infrastructure are ongoing.

Buyback and Pattern Day Trader Rule in Focus

The board authorized a $100 million share repurchase program. Executives described it as a signal of confidence in the platform’s long-term value. Analyst questions on the earnings call focused heavily on the potential elimination of the pattern day trader rule by US regulators. Denier indicated Webull views the rule change as a significant structural opportunity. He suggested it could expand the active trading cohort and consolidate customers onto the platform. The company said it is operationally prepared to handle a meaningful uptick in trading activity if the rule is removed.

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