WisdomTree Announces Third Quarter 2026 Results
WisdomTree, Inc. (NYSE: WT), a modern global asset manager, today reported financial results for the third quarter of 2026. $49.2 million of net income ($49.5(1) million, as adjusted). See “Non-GAAP...
Record AUM of $171.0 Billion
Diluted Earnings Per Share of $0.32
Over $13.6 Billion of Net Inflows Year-to-Date, a 13% Annualized Organic Growth Rate
Operating Margin Expanded by 680 bps Year over Year; or 750 bps, on an Adjusted Basis
NEW YORK: WisdomTree, Inc. (NYSE: WT), a modern global asset manager, today reported financial results for the third quarter of 2026.
$49.2 million of net income ($49.5(1) million, as adjusted). See “Non-GAAP Financial Measurements” for a reconciliation to net income.
$171.0 billion of ending AUM, an increase of 5.0% from the prior quarter arising from net inflows and market appreciation.
$4.6 billion of net inflows, across the United States and Europe primarily driven by inflows into our fixed income, commodity and U.S. equity products.
0.36% average advisory fee, unchanged from the prior quarter.
0.42% revenue yield(2), a 1 basis point decrease from the prior quarter due to lower transaction fees from our European ETPs and lower performance fees.
$179.4 million of operating revenues, an increase of 1.3% from the prior quarter due to higher average AUM, partly offset by lower transaction fees from our European ETPs and lower performance fees.
83.0% gross margin(1), essentially unchanged from the prior quarter.
41.3% operating income margin for the quarter (43.1% as adjusted), a 0.8 point increase (0.5 point increase, as adjusted) from the prior quarter primarily due to higher revenues.
39.8% operating income margin year-to-date (41.8% as adjusted), a 6.8 point increase (7.5 point(3) increase, as adjusted) from the prior-year period. The increase primarily reflected favorable operating leverage from revenue growth, partially offset by higher intangible amortization associated with the Ceres Partners, LLC (“Ceres”) and Atlantic House Holdings Limited (“Atlantic House”) acquisitions. Adjusted operating income excludes intangible asset amortization and acquisition-related costs.
$18.1 million aggregate principal amount of convertible senior notes due 2029 (the “2029 Notes”) retired, for aggregate cash consideration of $32.3 million. The conversion price of the 2029 Notes was $11.82.
$10.6 million of common stock repurchased, representing approximately 0.5 million shares at an average repurchase price of $21.29 per share.
$0.03 quarterly dividend declared, payable on November 25, 2026 to stockholders of record as of the close of business on November 11, 2026.
Update from Jarrett Lilien, WisdomTree President and COO
“Our third quarter results reflect the continued strength and scalability of WisdomTree’s business, with record AUM of $171 billion, $4.6 billion of net inflows and meaningful contributions across our global platform. The breadth and consistency of our organic growth, coupled with expanding distribution capabilities and continued operating discipline, are driving significant operating leverage and margin expansion. As we deepen our presence in existing markets and capitalize on new opportunities across liquid alternatives, private markets and tokenization, we remain focused on executing our proven playbook: generating high-quality organic growth, scaling efficiently and translating that momentum into greater earnings power.” |
Update from Jonathan Steinberg, WisdomTree CEO
“WisdomTree continues to evolve into a truly modern global asset manager, strategically positioned at the intersection of three powerful transformations in financial services: the democratization of investing, the convergence of public and private markets, and the tokenization of financial assets. After more than two decades of strategic reinvestment, we have built differentiated capabilities across each of these areas, and we believe the greatest opportunity lies in bringing them together into one integrated investment ecosystem. Combined with our highly efficient and scalable operating model, we believe WisdomTree is well positioned to drive sustained growth and create significant long-term value for stockholders.” |
OPERATING AND FINANCIAL HIGHLIGHTS
| Three Months Ended | ||||||||||||||
| Sept. 30, | June 30, | Mar. 31, | Dec. 31, | Sept. 30, | ||||||||||
Consolidated Operating Highlights ($ in billions): |
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AUM-end of period | $ | 171.0 |
| $ | 162.9 |
| $ | 152.6 |
| $ | 144.5 |
| $ | 137.2 |
|
Net inflows/(outflows) | $ | 4.6 |
| $ | 3.1 |
| $ | 5.9 |
| $ | (0.3 | ) | $ | 2.2 |
|
Average AUM | $ | 170.5 |
| $ | 164.2 |
| $ | 154.7 |
| $ | 140.7 |
| $ | 130.8 |
|
Average advisory fee |
| 0.36% |
| 0.36% |
| 0.36% |
| 0.35% |
| 0.35% | |||||
Revenue yield(2) |
| 0.42% |
| 0.43% |
| 0.42% |
| 0.42% |
| 0.38% | |||||
|
|
|
|
|
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Consolidated Financial Highlights ($ in millions, except per share amounts): |
|
|
|
|
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Operating revenues | $ | 179.4 |
| $ | 177.2 |
| $ | 159.5 |
| $ | 147.4 |
| $ | 125.6 |
|
Net income/(loss) | $ | 49.2 |
| $ | 44.3 |
| $ | (23.1 | ) | $ | 40.0 |
| $ | 19.7 |
|
Diluted earnings/(loss) per share | $ | 0.32 |
| $ | 0.28 |
| $ | (0.17 | ) | $ | 0.28 |
| $ | 0.13 |
|
Operating income margin |
| 41.3% |
| 40.5% |
| 37.2% |
| 40.5% |
| 36.3% | |||||
|
|
|
|
|
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As Adjusted (Non-GAAP(1)): |
|
|
|
|
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Operating revenues, as adjusted | $ | 179.4 |
| $ | 177.2 |
| $ | 159.5 |
| $ | 147.4 |
| $ | 125.6 |
|
Gross margin |
| 83.0% |
| 82.9% |
| 84.4% |
| 83.2% |
| 82.2% | |||||
Net income, as adjusted | $ | 49.5 |
| $ | 48.1 |
| $ | 40.6 |
| $ | 41.2 |
| $ | 34.5 |
|
Diluted earnings per share, as adjusted | $ | 0.32 |
| $ | 0.31 |
| $ | 0.27 |
| $ | 0.29 |
| $ | 0.23 |
|
Operating income margin, as adjusted |
| 43.1% |
| 42.6% |
| 39.3% |
| 41.7% |
| 38.3% | |||||
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RECENT BUSINESS DEVELOPMENTS
Company News
Product News
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WISDOMTREE, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
| Sept. 30, | June 30, | Mar. 31, | Dec. 31, | Sept. 30, | Sept. 30, | Sept. 30, |
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Operating Revenues: |
| ||||||||||||||||||||||||||||||
Advisory fees | $ | 151,631 |
| $ | 146,300 |
| $ | 134,880 |
| $ | 122,712 |
| $ | 114,485 |
| $ | 432,811 |
| $ | 317,275 |
|
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Management fees |
| 5,420 |
|
| 5,369 |
|
| 5,231 |
|
| 4,908 |
|
| - |
|
| 16,020 |
|
| - |
|
| |||||||||
Performance fees |
| 3,778 |
|
| 5,964 |
|
| 2,955 |
|
| 7,105 |
|
| - |
|
| 12,697 |
|
| - |
|
| |||||||||
Other revenues |
| 18,546 |
|
| 19,527 |
|
| 16,404 |
|
| 12,709 |
|
| 11,131 |
|
| 54,477 |
|
| 29,044 |
|
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Total revenues |
| 179,375 |
|
| 177,160 |
|
| 159,470 |
|
| 147,434 |
|
| 125,616 |
|
| 516,005 |
|
| 346,319 |
|
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Operating Expenses: |
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Compensation and benefits |
| 44,770 |
|
| 43,718 |
|
| 47,517 |
|
| 37,273 |
|
| 33,791 |
|
| 136,005 |
|
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