Webull (BULL) Cost of Revenue (2024 - 2026)
Webull (BULL) recorded Cost of Revenue of $112.96 million in Q2 2026, up 64.5% from $68.69 million a year earlier.
Powered by 
Analysis
Webull (BULL) Cost of Revenue (2024 - 2026) Analysis & Trends
For FY2025, Webull reported Cost of Revenue of $304.13 million, up 54.3% from FY2024.
- Across earlier years, Cost of Revenue came in at $197.07 million in FY2024 (+2.5%) and $192.23 million in FY2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | - |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | - |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | - |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 1.03 Bn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | - |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | - |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 711.20 Mn |
| 10 | Webull | 3.84 Bn | 1.16 Bn | 85.87 Mn | 112.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 112.96 Mn |
| Jun 30, 2025 | 68.69 Mn |
| Jun 30, 2024 | 43.32 Mn |
API Access
Webull Cost of Revenue 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=cost-of-revenue&ticker=BULL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "BULL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BULL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();