Bullish (BLSH) Operating Income (2024 - 2026)
Bullish's (BLSH) quarterly Operating Income came in at $71.8 million in Q2 2026, up 21.3% year-over-year from $59.2 million in Q2 2025, and up 3.96% quarter-over-quarter from $69.1 million in Q1 2026.
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Analysis
Bullish (BLSH) Operating Income (2024 - 2026) Analysis & Trends
Bullish has disclosed Operating Income across 3 years of filings, most recently posting $71.8 million for Q2 2026.
- In Q2 2026, Operating Income rose 21.3% year-over-year to $71.8 million; the TTM figure through Jun 2026 stood at $270.7 million (up 4.96% YoY), while the FY2025 annual figure was $263.6 million, up 3.98% from the prior year.
- Operating Income came in at $71.8 million for Q2 2026 at Bullish, up from $69.1 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $61.4 billion in Q2 2024 to a low of $59.2 million in Q2 2025.
- Average Operating Income over 3 years is $6.9 billion, with a median of $68.4 million recorded in 2025.
- Year-over-year, Operating Income tumbled 99.9% in 2025 and increased 21.3% in 2026.
- Over 3 years, Operating Income stood at $62.9 million in 2024, then climbed by 8.76% to $68.4 million in 2025, then climbed by 5.02% to $71.8 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were $71.8 million in Q2 2026, $69.1 million in Q1 2026, and $68.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.68 Bn | 57.34 Bn | 40.81 Mn | -11.87 Mn |
| 2 | Coinbase Global | 52.26 Bn | 43.47 Bn | 1.16 Bn | -113.49 Mn |
| 3 | PayPal Holdings | 45.26 Bn | 34.01 Bn | - | 1.43 Bn |
| 4 | Block | 44.88 Bn | 38.42 Bn | 3.17 Bn | 446.87 Mn |
| 5 | Iren | 35.80 Bn | 28.23 Bn | 103.89 Mn | -620.38 Mn |
| 6 | Corpay | 25.96 Bn | 19.27 Bn | 1.19 Bn | 472.27 Mn |
| 7 | Fiserv | 24.43 Bn | 23.83 Bn | 3.59 Bn | 1.02 Bn |
| 8 | Global Payments | 22.33 Bn | 17.57 Bn | 2.03 Bn | 337.12 Mn |
| 9 | Hut 8 | 12.62 Bn | 6.14 Bn | 48.04 Mn | -206.33 Mn |
| 10 | Bullish | 6.05 Bn | 5.99 Bn | 15.53 Mn | 71.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.79 Mn |
| Mar 31, 2026 | 69.06 Mn |
| Dec 31, 2025 | 68.36 Mn |
| Sep 30, 2025 | 61.51 Mn |
| Jun 30, 2025 | 59.19 Mn |
| Mar 31, 2025 | 74.49 Mn |
| Dec 31, 2024 | 62.85 Mn |
| Sep 30, 2024 | 61.41 Mn |
| Jun 30, 2024 | 61.39 Bn |
API Access
Bullish Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "BLSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();