Filing Flows › Western Alliance Bancorporation (WAL) › Q2 2026
Western Alliance Bancorporation (WAL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Western Alliance Bancorporation (WAL) reported revenue of $996M for the second quarter 2026 (Q2 2026), +18% from a year earlier and -2% from the quarter before. Operating margin was 33.3%, net earnings $262M (26.3% of revenue).
Western Alliance Bancorporation, Q2 2026: revenue $996M (+18% year over year), operating margin 33.3%, net earnings $262M, operating cash flow −$356M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $996M | -2% | +18% |
| Operating profit | $332M | +44% | +14% |
| Net earnings | $262M | +44% | +14% |
| Operating cash flow | −$356M | — | — |
What changed
Revenue was $995.7M in Q2 2026, up 18% year over year and down 2% from the previous quarter.
Operating profit was $332.0M, a 33.3% margin (down 1.1 points year over year). Of the extra revenue versus Q2 2025, 27% reached operating profit, below the 34% margin then. Total costs grew 20% against revenue growth of 18%. The fastest-growing cost line was Credit loss provision (+102%). Net earnings were $261.7M, up 14% year over year. The effective tax rate was 19.0%.
Operating cash flow was −$356.1M. Non-cash charges added back $29.3M of depreciation and amortization and $13.1M of share-based compensation. Working capital and other items used $667.3M.
Questions
What was Western Alliance Bancorporation's revenue in the second quarter 2026?
Western Alliance Bancorporation (WAL) reported revenue of $996M for the second quarter 2026 (Q2 2026), +18% from a year earlier and -2% from the quarter before.
Was Western Alliance Bancorporation profitable in the second quarter 2026?
Operating profit was $332M (33.3% of revenue) and net earnings $262M.