stockrowWestern Alliance Bancorporation
Western Alliance Bancorporation’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 5.64% from fiscal 2024.
- Revenue
- +3.58%
- EPS
- +6.52%
- Free cash flow
- +218.5%
- Total debt
- +46.7%
Quarter to September 2026, against a year earlier
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Western Alliance Bancorporation (WAL) Gross margin
Western Alliance Bancorporation's gross margin over the twelve months to 30 September 2026 was 69.5%, up 3.6 percentage points from fiscal 2025 (66.0%). Over the past ten years it has ranged from 60.7% (fiscal 2023) to 94.7% (fiscal 2021); the current reading is higher than 27% of that period. That is in line with the Banks Regional industry median of 69.8% and in line with the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 66.0% | 3.77 |
| FY2024 | 62.2% | 1.49 |
| FY2023 | 60.7% | (23.54) |
| FY2022 | 84.2% | (10.43) |
| FY2021 | 94.7% | 1.79 |
| FY2020 | 92.9% | 7.19 |
| FY2019 | 85.7% | (3.39) |
| FY2018 | 89.1% | (4.09) |
| FY2017 | 93.2% | (1.01) |
| FY2016 | 94.2% | 0.05 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 69.3% | (0.32) |
| Jun 2026 | 69.6% | (1.12) |
| Mar 2026 | 70.7% | 2.23 |
| Dec 2025 | 68.5% | 2.11 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CBC Central Bancompany compare | 88.4% |
| CBSH Commerce Bancshares, Inc. compare | 83.9% |
| COLB Columbia Banking System, Inc. compare | 75.6% |
| PB Prosperity Bancshares, Inc. compare | 75.0% |
| ZION Zions Bancorporation, N.A. compare | 72.9% |
| WAL Western Alliance Bancorporation | 69.5% |
| ONB Old National Bancorp compare | 69.0% |
| BOKF BOK Financial Corporation compare | 66.9% |
| VLY Valley National Bancorp compare | 61.8% |
| Banks Regional industry median | 69.8% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on WAL
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement