Webull posted record second-quarter 2026 revenue of $198 million, its strongest quarter on record, with crypto trading accounting for only about 1% of the total — a small slice of the business that nonetheless earned a mention alongside the milestone.

The retail broker disclosed the results in its quarterly earnings release, which framed the quarter as a revenue record. The crypto share was highlighted in Cointelegraph's reporting on the results, which noted crypto generated roughly 1% of the record quarter.

Webull has spent the past two years repositioning crypto within its U.S. lineup, from its plan to relaunch U.S. crypto trading services to the eventual move that restored crypto trading for U.S. customers. The Q2 disclosure gives a first sense of how much that business is actually contributing, while also showing that the company's broader revenue base still comes primarily from its core brokerage activity.

What 1% of $198 million works out to

Applied to the quarter's revenue, roughly 1% of $198 million implies approximately $2 million in crypto-related revenue. That figure is an approximation derived from the reported percentage rather than a separately disclosed line item.

The overwhelming majority of the quarter — more than 99% — therefore came from Webull's non-crypto trading and related activity. On these figures, crypto is a marginal contributor rather than a core revenue engine.

Why a 1% share is still worth noting

The figure matters mainly as a benchmark. It puts a number on where crypto currently sits inside a retail brokerage that has actively rebuilt the offering, including through its Webull Pay and Coinbase partnership.

Because crypto was called out alongside the record quarter, the disclosure offers a reference point for comparing the vertical against Webull's broader trading business in future periods. That makes the Q2 result useful less as a standalone crypto data point than as a snapshot of how a revived product line fits into a larger platform that is still being measured by its non-crypto business.

Additional color on the quarter appeared in coverage of the company's Q2 2026 earnings call, which tied the results to a surge in trading activity.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.