Webull (BULL) Operating Expenses (2024 - 2026)

Webull (BULL) has reported Operating Expenses for 3 consecutive years, with $153.4 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 13.43% year-over-year to $153.4 million; the trailing twelve-month figure through Jun 2026 stood at $596.2 million (up 35.79% YoY), and the FY2025 full-year result was $512.5 million, up 26.68% from the prior year.
• Operating Expenses declined to $153.4 million in Q2 2026 per BULL's latest filing, from $162.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $162.3 million in Q1 2026 and bottomed at $95.2 million in Q4 2024.
• Historically, Operating Expenses has averaged $123.3 million across 3 years, with a median of $122.2 million in 2024.
• The sharpest annual moves came in 2025 and 2026: Operating Expenses slipped 1.99% in 2025, then jumped 67.7% in 2026.
• Over 3 years, Operating Expenses stood at $95.2 million in 2024, then surged by 55.43% to $148.0 million in 2025, then increased by 3.63% to $153.4 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $153.4 million, $162.3 million, and $148.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.