Webull (BULLW) Net Margin (2024 - 2026)
Webull (BULLW) reported Net Margin of 13.58% for Q1 2026, down 624.0% on a YoY basis from 2.59% in Q1 2025, and down 837.79% quarter-over-quarter from 1.84% in Q4 2025.
Webull (BULLW) Net Margin (2024 - 2026) Analysis & Trends
Webull has reported Net Margin for 3 years, with the latest figure at 13.58% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 624.0% year-over-year to 13.58%; the trailing twelve-month figure through Mar 2026 stood at 87.54% (down 7534.0% YoY), and the FY2025 full-year result was 85.38%, up 4731.0% from the prior year.
- Net Margin for Q1 2026 stood at 13.58%, down from 1.84% in the prior quarter.
- The five-year high for Net Margin was 1237.0% in Q1 2024, with the low at 13.58% in Q1 2026.
- Historically, Net Margin has averaged 257.67% across 3 years, with a median of 25.22% in 2024.
- The largest YoY upside for Net Margin was 36937 bps in 2025 against a maximum downside of 124435 bps in 2025.
- Webull's Net Margin stood at 28.49% in 2024, then sank by 94 bps to 1.84% in 2025, then sank by 838 bps to 13.58% in 2026.
- The last three Net Margin figures came in at 13.58% (Q1 2026), 1.84% (Q4 2025), and 23.52% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 18.74% |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 2.29% |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | -18.33% |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | 12.44% |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 22.77% |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 29.52% |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | 22.90% |
| 10 | Webull | - | - | - | -13.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.58% |
| Dec 31, 2025 | 1.84% |
| Sep 30, 2025 | 23.52% |
| Jun 30, 2025 | 394.59% |
| Mar 31, 2025 | -7.34% |
| Dec 31, 2024 | 28.49% |
| Sep 30, 2024 | 629.27% |
| Jun 30, 2024 | 25.22% |
| Mar 31, 2024 | 1,237.00% |