WisdomTree (WT) Q2 2026 earnings summary

Executive summary

• Achieved record assets under management (AUM) of $162.9 billion as of June 30, 2026, up 6.7% sequentially, with strong net inflows and growth across U.S. and Europe, supported by the Atlantic House acquisition and market appreciation.

• Completed the acquisition of Atlantic House, adding over $4 billion in AUM, expanding product capabilities, and accelerating innovation and UK market presence.

• Net income for Q2 2026 was $44.3 million ($48.1 million adjusted), with diluted EPS of $0.28 ($0.31 adjusted).

• Portfolio Solutions and digital assets businesses showed strong growth, with model AUA rising to $8.9 billion and tokenized AUM reaching $761 million.

• Systematic share repurchases and retirement of $127 million in convertible notes improved capital structure.

Financial highlights

• Q2 2026 revenues reached $177.2 million, up 11% sequentially and 57% year-over-year, driven by higher AUM, acquisitions, and increased advisory fees.

• Adjusted operating margin expanded to 42.6% for the quarter, up 900 basis points year-over-year; gross margin was 82.9%.

• Adjusted net income for the quarter was $48.1 million, or $0.31 per share.

• Operating expenses increased 35.1% year-over-year, mainly from higher compensation, fund management, and amortization.

• Year-to-date net inflows totaled $9 billion, representing a 13% annualized organic growth rate.

Outlook and guidance

• Diluted share guidance for the second half is 152–155 million, reflecting ongoing share repurchases and convertible note impacts.

• Interest income guidance for 2026 is $8–10 million; adjusted tax rate guidance remains at 24–25%.

• Compensation to revenue ratio expected at 26–28%; discretionary spending for 2026 estimated at $83–89 million.

• Management highlights sustainable organic growth, margin expansion, and strategic focus on digital assets and global expansion.