WisdomTree Announces Fourth Quarter 2025 Results
WisdomTree, Inc. (NYSE: WT), a global financial innovator, today reported financial results for the fourth quarter of 2025. $40.0 million of net income ($41.2(1) million of net income, as adjusted). S...
Record AUM of $144.5 Billion
Diluted Earnings Per Share of $0.28 ($0.29, as Adjusted)
320 bps of Annual Operating Margin Expansion vs. the Prior Year
NEW YORK: WisdomTree, Inc. (NYSE: WT), a global financial innovator, today reported financial results for the fourth quarter of 2025.
$40.0 million of net income ($41.2(1) million of net income, as adjusted). See “Non-GAAP” Financial Measurements” for additional information.
$144.5 billion of ending AUM, an increase of 5.3% from the prior quarter arising from market appreciation and AUM related to our acquisition of Ceres Partners, LLC (the “Ceres Acquisition”), partly offset by net outflows.
($0.3) billion of net outflows, primarily driven by outflows from our fixed income products and partly offset by inflows into our international developed equity products.
0.35% average advisory fee, unchanged from the prior quarter.
0.42% adjusted revenue yield(2), a 4 basis point increase from the prior quarter due to revenues arising from the Ceres Acquisition.
$147.4 million of operating revenues, an increase of 17.4% from the prior quarter due to revenues arising from the Ceres Acquisition, higher average AUM and higher other revenues attributable to our European listed exchange-traded products (“ETPs”).
83.2% gross margin(1), a 1 point increase from the prior quarter primarily due to an increase in revenues arising from the Ceres Acquisition.
40.5% operating income margin (41.7%(1) as adjusted), a 4.2 point increase (3.4 point increase, as adjusted) from the prior quarter primarily due to an increase in revenues arising from the Ceres Acquisition.
$0.03 quarterly dividend declared, payable on February 25, 2026 to stockholders of record as of the close of business on February 11, 2026.
Update from Jarrett Lilien, WisdomTree COO and President
“We closed 2025 with strong momentum, delivering $8.5 billion in net inflows, approximately 8% organic growth, and meaningful margin expansion. Model portfolios and SMAs continue to be a major growth engine, with model AUA surpassing $6 billion as adoption deepens across our client base. Combined with continued strength in ETFs and early traction in digital assets and private markets, we enter 2026 well positioned for sustained growth.” |
Update from Jonathan Steinberg, WisdomTree CEO
“WisdomTree is operating from a position of strength, with a diversified and scalable platform delivering growth across asset classes, geographies and channels. What were once emerging initiatives, including models, tokenized assets and private markets, are now real businesses contributing to momentum today while still early in their growth. With disciplined execution and improving guidance, we enter 2026 with conviction in the durability of our strategy and its long-term compounding potential.” |
OPERATING AND FINANCIAL HIGHLIGHTS | |||||||||||||||||||
| Three Months Ended | ||||||||||||||||||
Dec. 31, | Sept. 30, | June 30, | Mar. 31, | Dec. 31, | |||||||||||||||
| 2025 | 2025 | 2025 | 2025 | 2024 | ||||||||||||||
Consolidated Operating Highlights ($ in billions): |
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AUM-end of period | $ | 144.5 |
| $ | 137.2 |
| $ | 126.1 |
| $ | 115.8 |
| $ | 109.8 |
| ||||
Net (outflows)/inflows | $ | (0.3 | ) | $ | 2.2 |
| $ | 3.5 |
| $ | 3.1 |
| $ | (0.3 | ) | ||||
Average AUM | $ | 140.7 |
| $ | 130.8 |
| $ | 119.2 |
|
| $ | 114.6 |
| $ | 112.3 |
| |||
Average advisory fee |
| 0.35 | % |
| 0.35 | % |
| 0.35 | % |
| 0.35 | % |
| 0.36 | % | ||||
Adjusted revenue yield(2) |
| 0.42 | % |
| 0.38 | % |
| 0.38 | % |
|
| 0.38 | % |
| 0.39 | % | |||
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Consolidated Financial Highlights ($ in millions, except per share amounts): |
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Operating revenues | $ | 147.4 |
| $ | 125.6 |
| $ | 112.6 |
| $ | 108.1 |
| $ | 110.7 |
| ||||
Net income | $ | 40.0 |
| $ | 19.7 |
| $ | 24.8 |
| $ | 24.6 |
| $ | 27.3 |
| ||||
Diluted earnings per share | $ | 0.28 |
| $ | 0.13 |
| $ | 0.17 |
| $ | 0.17 |
| $ | 0.18 |
| ||||
Operating income margin |
| 40.5 | % |
| 36.3 | % |
| 30.8 | % |
| 31.6 | % |
| 31.7 | % | ||||
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As Adjusted (Non-GAAP(1)): |
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Operating revenues, as adjusted | $ | 147.4 |
| $ | 125.6 |
| $ | 112.6 |
| $ | 108.1 |
| $ | 110.5 |
| ||||
Gross margin |
| 83.2 | % |
| 82.2 | % |
| 81.1 | % |
| 80.8 | % |
| 79.3 | % | ||||
Net income, as adjusted | $ | 41.2 |
| $ | 34.5 |
| $ | 25.9 |
| $ | 23.0 |
| $ | 25.3 |
| ||||
Diluted earnings per share, as adjusted | $ | 0.29 |
| $ | 0.23 |
| $ | 0.18 |
| $ | 0.16 |
| $ | 0.17 |
| ||||
Operating income margin, as adjusted |
| 41.7 | % |
| 38.3 | % |
| 32.5 | % |
| 31.6 | % |
| 31.7 | % | ||||
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RECENT BUSINESS DEVELOPMENTS
Company News
Product News
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WISDOMTREE, INC. AND SUBSIDIARIES | |||||||||||||||||||||||||||
| Three Months Ended | Years Ended | |||||||||||||||||||||||||
Dec. 31, |
| Sept. 30, |
| June 30, |
| Mar. 31, |
| Dec. 31, |
| Dec. 31, |
| Dec. 31, | |||||||||||||||
| 2025 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||
Operating Revenues: |
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Advisory fees | $ | 122,712 |
| $ | 114,485 |
| $ | 103,241 |
| $ | 99,549 |
| $ | 102,264 |
| $ | 439,987 |
| $ | 395,362 |
| ||||||
Management fees |
| 4,908 |
|
| - |
|
| - |
|
| - |
|
| - |
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| 4,908 |
|
| - |
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Performance fees |
| 7,105 |
|
| - |
|
| - |
|
| - |
|
| - |
|
| 7,105 |
|
| - |
| ||||||
Other revenues |
| 12,709 |
|
| 11,131 |
|
| 9,380 |
|
| 8,533 |
|
| 8,433 |
|
| 41,753 |
|
| 32,375 |
| ||||||
Total revenues |
| 147,434 |
|
| 125,616 |
|
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