Filing Flows › Western Alliance Bancorporation (WAL) › Q2 2025
Western Alliance Bancorporation (WAL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Western Alliance Bancorporation (WAL) reported revenue of $846M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +9% from the quarter before. Operating margin was 34.4%, net earnings $230M (27.2% of revenue).
Western Alliance Bancorporation, Q2 2025: revenue $846M (+10% year over year), operating margin 34.4%, net earnings $230M, operating cash flow −$358M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $846M | +9% | +10% |
| Operating profit | $291M | +18% | +18% |
| Net earnings | $230M | +16% | +19% |
| Operating cash flow | −$358M | — | — |
What changed
Revenue was $845.9M in Q2 2025, up 10% year over year and up 9% from the previous quarter.
Operating profit was $291.3M, a 34.4% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 59% reached operating profit, above the 32% margin then. Total costs grew 6% against revenue growth of 10%. Net earnings were $230.4M, up 19% year over year. The effective tax rate was 18.4%.
Operating cash flow was −$357.7M. Non-cash charges added back $26.4M of depreciation and amortization and $11.1M of share-based compensation. Working capital and other items used $633.0M.
Questions
What was Western Alliance Bancorporation's revenue in the second quarter 2025?
Western Alliance Bancorporation (WAL) reported revenue of $846M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +9% from the quarter before.
Was Western Alliance Bancorporation profitable in the second quarter 2025?
Operating profit was $291M (34.4% of revenue) and net earnings $230M.