Payward Q2 Revenue Hits $508M as EBITDA Falls

Payward Q2 revenue hits $508M as EBITDA falls

Kraken parent Payward posted $508M in Q2 adjusted revenue, up 17%, while adjusted EBITDA fell to $23M as transaction volume declined.

Kraken Parent Payward Reports 17% Rise in Q2 Revenue | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

Payward, the financial infrastructure platform behind crypto exchange Kraken, reported its latest quarterly results on Friday, with second-quarter adjusted revenue rising 17% to $508 million. The increase comes as growth broadened beyond crypto trading. The Wyoming-based company said it remained adjusted EBITDA positive at $23 million for the quarter ended 30 June. Funded accounts grew 42% year on year to 6.6 million. There was particular moment…

Kraken Parent Payward Grows Revenue But Profit Collapses In Q2

Revenue growth at Kraken’s parent company masked a steep drop in operating profit last quarter. Payward reported $508 million in adjusted revenue for Q2, a 17% year-over-year increase, while adjusted EBITDA fell to $23 million from about $80 million a year earlier, according to the original report published by WuBlockchain. The 17% revenue growth looks solid on the surface, but profit dropped by more than 70% from the prior-year quarter. That sp…

Payward Reports $508M Q2 Revenue As Trading Volume Drops

Kraken parent Payward reported $508 million in adjusted revenue for Q2 2026, up 17% year over year, while adjusted EBITDA dropped to $23 million. Trading volume fell 18% as weaker spot activity weighed on performance, although funded accounts, platform assets, derivatives, and tokenized equities continued to expand.

Kraken makes more from less trading – Payward’s Q2 numbers also reveal…

Between Q1 and Q2 of 2026, how has Payward's business evolved?