Retail Trading Platforms Post Record Quarters as Investor Apps Multiply

Webull returned to net income as customer assets climbed 79% year over year to $28.5 billion.

Rhea-AI Summary

Webull (BULL) reported second-quarter 2026 revenue of $198.8 million, up 51% year over year, alongside a return to net income. Net income attributable to Webull was $24.4 million, compared with a net loss a year earlier. Registered users rose 13% to 28.2 million, funded accounts increased 8% to 5.13 million, and customer assets climbed 79% to $28.5 billion.

Other platforms also reported growth for the quarter ended June 30, 2026. Robinhood (HOOD) posted record revenue of $1.31 billion, up 32% year over year. Futu (FUTU) reported revenue of US$918.2 million, up 35.6%, and net income of US$464.4 million, up 41.6%. eToro (ETOR) reported net contribution of $229 million, up 9%, and GAAP net income of $53 million, up 77%. Morningstar (MORN) reported revenue of $663.2 million, up 9.6%, and operating income of $160.6 million, up 28.4%.

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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Positive

• Moderate pointWebull second-quarter 2026 revenue rose 51% year over year to $198.8 million.
• Moderate pointWebull second-quarter 2026 net income attributable to the company reached $24.4 million, versus a year-earlier net loss.
• Moderate pointWebull second-quarter 2026 customer assets climbed 79% year over year to $28.5 billion.
• Minor pointWebull second-quarter 2026 funded accounts rose 8% year over year to 5.13 million.
• Minor pointWebull second-quarter 2026 registered users increased 13% year over year to 28.2 million.

Negative

• None.

Key Figures

Revenue: $198.8 million; up 51% year over year Net income attributable to the company: $24.4 million, compared with a net loss a year earlier Funded accounts: 5.13 million; up 8% +1 more

Revenue

$198.8 million; up 51% year over year

Q2 2026

Net income attributable to the company

$24.4 million, compared with a net loss a year earlier

Q2 2026

Funded accounts

5.13 million; up 8%

Q2 2026

Customer assets

$28.5 billion; up 79%

Q2 2026

Key Terms

form 4, 13f, pattern day trader rule, gaap net income

4 terms

form 4 regulatory

"insider activity from SEC Form 4 filings"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

View in glossary

13f regulatory

"latest SEC 13F holdings of well-known investors"

Form 13F is a quarterly filing required by the SEC under Section 13(f) of the Securities Exchange Act of 1934 for institutional investment managers who exercise investment discretion over at least $100 million in qualifying securities. The filing lists the manager’s holdings of specified ‘‘13(f) securities’’ (primarily exchange-traded equity securities, certain options and convertible bonds, and exchange-traded funds), reporting identifiers, share counts and fair market values; it is public and must be submitted within 45 days after each calendar quarter end. The form covers only the narrow set of securities designated as 13(f) securities and does not disclose cash, foreign securities not on the list, or many other types of assets or off-exchange positions.

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pattern day trader rule regulatory

"after the elimination of the Pattern Day Trader rule on June 4"

A regulatory rule that labels an account a "pattern day trader" if it executes four or more day trades within five business days, and then requires that account to hold a minimum equity balance (commonly $25,000) and follow stricter margin and buying-power limits. Think of it like a higher-security lane for frequent same-day traders: it changes how much cash or collateral is needed and can limit trading activity, which affects how active traders manage their accounts.

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gaap net income financial

"and GAAP net income of $53 million, up 77%"

GAAP net income is a company’s profit calculated according to Generally Accepted Accounting Principles, the standardized rules accountants use to record revenue, costs, taxes and one-time items. Investors care because it provides a consistent, rule-bound measure of how much money a business earned or lost over a period—like comparing bank statements prepared the same way—so it helps with fair comparisons, earnings-per-share calculations and valuation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC, Oct. 10, 2026 /PRNewswire/ -- Wall Street Investor News Commentary - Four publicly listed retail investing platforms now report more than 41 million funded accounts between them, and two of them reported record quarters this summer. The pattern is the same across all of them: more people are managing their own money from a phone, and the platforms competing for them are adding research, data and AI tools alongside the trade button. Active Companies from around the markets include: Robinhood Markets, Inc. (NASDAQ: HOOD), Webull Corporation (NASDAQ: BULL), Futu Holdings Limited (NASDAQ: FUTU), eToro Group Ltd. (NASDAQ: ETOR), Morningstar, Inc. (NASDAQ: MORN).

Not every investor needs a brokerage to follow the market. A growing set of free tools sits one step before the trade, built for people who want to watch prices, understand why a stock moved and keep a watchlist without paying for a terminal. Those tools now compete on the same features the brokerages use to win accounts: live quotes, plain-language explanations and AI research.

Quote Daddy is one of them. It is a free stock-tracking app for the web, iPhone and Android with live watchlists for U.S. stocks and ETFs, interactive charts, insider activity from SEC Form 4 filings, alerts, and one-tap AI briefings that explain in plain English why a stock moved. It also tracks the latest SEC 13F holdings of well-known investors and congressional disclosed trades. Its research tool, Luxor IQ, turns live prices, a year of trend data, fundamentals, news and analyst ratings into a research note written by AI, with three free reports a day. There is no credit card and no paywall; accounts are free at quotedaddy.com.

Below are five listed platforms in the same space, the investor-facing apps and research services that millions of self-directed investors use, and what each reported in its latest quarter.

CONTINUED... Read more and open a free account at: quotedaddy.com

In other industry developments and happenings in the market this week include:

Robinhood Markets, Inc. (NASDAQ: HOOD)

Robinhood reported record second quarter 2026 revenue of $1.31 billion, up 32% from a year earlier. Funded customers rose 7% to 28.4 million, total platform assets rose 32% to $369 billion, and Robinhood Gold subscribers grew 39% to 4.8 million. Net deposits were $21.7 billion for the quarter, and the company has scheduled its third quarter results for October 27.

Webull Corporation (NASDAQ: BULL)

Webull reported second quarter 2026 revenue of $198.8 million, up 51% year over year, and net income attributable to the company of $24.4 million, compared with a net loss a year earlier. Registered users rose 13% to 28.2 million, funded accounts rose 8% to 5.13 million, and customer assets climbed 79% to $28.5 billion.

"I'm proud to report a record second quarter for Webull," said CEO Anthony Denier, who credited the rollout of updated active-trader features after the elimination of the Pattern Day Trader rule on June 4.

Futu Holdings Limited (NASDAQ: FUTU)

Futu, the parent of the moomoo investing app, reported second quarter 2026 total revenues of US$918.2 million, up 35.6% year over year, and net income of US$464.4 million, up 41.6%. Funded accounts grew 33.6% to 3,842,667, registered users reached 31.3 million, and client assets rose 43.6% to HK$1.40 trillion.

"Malaysia led new funded account additions for the third consecutive quarter," said Leaf Hua Li, Chairman and CEO.

eToro Group Ltd. (NASDAQ: ETOR)

eToro, which combines trading with a social investing feed, reported second quarter 2026 net contribution of $229 million, up 9% year over year, and GAAP net income of $53 million, up 77%. Funded accounts rose 18% to 4.28 million and assets under administration grew 10% to $19.2 billion.

"We delivered another strong quarter as we continue executing against our long-term strategy," said Yoni Assia, Co-Founder and CEO.

Morningstar, Inc. (NASDAQ: MORN)

Morningstar, the investment research and data provider, reported second quarter 2026 revenue of $663.2 million, up 9.6%, and operating income of $160.6 million, up 28.4%. Revenue from its Morningstar Direct platform rose 6.2% to $222.1 million and PitchBook revenue rose 4.9% to $174.7 million.

"We are continuing to deliver profitable growth with meaningful increases in operating and free cash flows," said CEO Kunal Kapoor. Morningstar plans to report third quarter results on October 28.

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Luxor IQ by Quote Daddy turns live prices, a year of trend data, fundamentals, news and analyst ratings into a clear research note written by AI, covering valuation, financial health and key risks. Three reports a day are free on the web, and more with a free Quote Daddy account. Try it at ai.quotedaddy.com.

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This article is being distributed by Wall Street Investor (wsi.news), a property of a joint venture between Market Equities Limited, a company incorporated under the laws of Ireland ("MEL"), and Mining Stock, LLC, a Tennessee limited liability company ("Mining Stock"), under which MEL and Mining Stock share in the net profits of the joint venture. This is an independent market commentary published on a non-paid basis. Neither MEL nor Mining Stock has been paid any fee by any company mentioned in this article for its production or distribution, and neither has an advertising or digital media agreement with any company mentioned in this article. The companies mentioned have not reviewed or approved this article.

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References to the companies named in this article are provided solely as market and sector context and as summaries of each company's own public news releases. They are not partners of Wall Street Investor or Quote Daddy, no affiliation or endorsement is implied, and nothing in this article is a recommendation to buy, sell, or hold any security. Quotations attributed to company executives are reproduced from those companies' own news releases. Financial results cited are for the quarter ended June 30, 2026, as reported by each company. The combined funded-account figure is the sum of the figures reported by Robinhood, Webull, Futu and eToro and is provided for context only. Quote Daddy is not a brokerage and does not execute trades.

Quote Daddy Disclosure. Quote Daddy, including its Luxor IQ research tool, is a stock-tracking application owned by MEL, and references to it in this article constitute promotion of an affiliated product. Quote Daddy is not a broker-dealer, and nothing in the application or in this article is financial, investment, tax, or legal advice. Market data provided in the application comes from third-party providers, is for informational purposes only and may be delayed. Any in-app commentary or briefing content is educational only. Luxor IQ reports are generated by artificial intelligence, may contain errors, and are for informational and educational purposes only. Always do your own research before making any investment decision.

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FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Webull's BULL second-quarter 2026 financial results?

Webull reported revenue of $198.8 million, up 51% year over year, and net income attributable to the company of $24.4 million. The company had reported a net loss a year earlier. These results cover the quarter ended June 30, 2026.

How much did Webull's funded accounts and customer assets grow in second-quarter 2026?

Webull's funded accounts rose 8% year over year to 5.13 million, while customer assets climbed 79% to $28.5 billion. Registered users increased 13% to 28.2 million for the quarter ended June 30, 2026.