Webull (BULL) Operating Margin (2024 - 2026)

Webull (BULL) has reported Operating Margin for 3 consecutive years, with 31.48% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 1380.0% year-over-year to 31.48%; the trailing twelve-month figure through Jun 2026 stood at 17.95% (up 1750.0% YoY), and the FY2025 full-year result was 10.24%, up 1392.0% from the prior year.
• Operating Margin grew to 31.48% in Q2 2026 per BULL's latest filing, from 9.27% in the prior quarter.
• Across five years, Operating Margin topped out at 31.48% in Q2 2026 and bottomed at 58.05% in Q2 2024.
• Historically, Operating Margin has averaged 5.78% across 3 years, with a median of 13.04% in 2025.
• The sharpest annual moves came in 2025 and 2026: Operating Margin soared 7573 bps in 2025, then sank 1515 bps in 2026.
• Over 3 years, Operating Margin stood at 58.05% in 2024, then jumped by 122 bps to 13.04% in 2025, then soared by 141 bps to 31.48% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 31.48%, 9.27%, and 13.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.