Webull (BULLW) EBITDA Margin (2024 - 2026)
Webull (BULLW) reported EBITDA Margin of 10.04% for Q1 2026, down 2255.0% on a YoY basis from 0.47% in Q1 2025, and down 262.26% quarter-over-quarter from 6.19% in Q4 2025.
Webull (BULLW) EBITDA Margin (2024 - 2026) Analysis & Trends
Webull has reported EBITDA Margin for 3 years, with the latest figure at 10.04% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 2255.0% year-over-year to 10.04%; the trailing twelve-month figure through Mar 2026 stood at 78.26% (down 7525.0% YoY), and the FY2025 full-year result was 7.19%, up 1529.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 10.04%, down from 6.19% in the prior quarter.
- The five-year high for EBITDA Margin was 22.51% in Q3 2025, with the low at 387.59% in Q2 2025.
- Historically, EBITDA Margin has averaged 44.85% across 3 years, with a median of 4.29% in 2024.
- The largest YoY upside for EBITDA Margin was 2974 bps in 2025 against a maximum downside of 36096 bps in 2025.
- Webull's EBITDA Margin stood at 0.91% in 2024, then jumped by 579 bps to 6.19% in 2025, then plunged by 262 bps to 10.04% in 2026.
- The last three EBITDA Margin figures came in at 10.04% (Q1 2026), 6.19% (Q4 2025), and 22.51% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 14.56% |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | -18.49% |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | 12.12% |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 29.26% |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 37.79% |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | -22.99% |
| 10 | Webull | - | - | - | -10.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -10.04% |
| Dec 31, 2025 | 6.19% |
| Sep 30, 2025 | 22.51% |
| Jun 30, 2025 | -387.59% |
| Mar 31, 2025 | 12.51% |
| Dec 31, 2024 | 0.91% |
| Sep 30, 2024 | -4.29% |
| Jun 30, 2024 | -26.63% |
| Mar 31, 2024 | -17.23% |