WisdomTree (WT)
Market Price (7/8/2026): $18.5 | Market Cap: $2.6 BilSector: Financials | Industry: Asset Management & Custody Banks
WisdomTree (WT)
Market Price (7/8/2026): $18.5Market Cap: $2.6 BilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29% Attractive yieldFCF Yield is 6.1% Low stock price volatilityVol 12M is 37% Megatrend and thematic driversMegatrends include Digital Asset Revolution, and Next-Gen Investment Solutions. Themes include Digital Asset ETPs, Thematic ETF Innovation, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 19x, P/EPrice/Earnings or Price/(Net Income) is 42x Key risksWT key risks include [1] significant volatility and regulatory hurdles from its strategic focus on digital assets, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29% |
| Attractive yieldFCF Yield is 6.1% |
| Low stock price volatilityVol 12M is 37% |
| Megatrend and thematic driversMegatrends include Digital Asset Revolution, and Next-Gen Investment Solutions. Themes include Digital Asset ETPs, Thematic ETF Innovation, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 19x, P/EPrice/Earnings or Price/(Net Income) is 42x |
| Key risksWT key risks include [1] significant volatility and regulatory hurdles from its strategic focus on digital assets, Show more. |
Qualitative Assessment
AI Analysis | Feedback
WisdomTree (WT) stock has gained about 25% since 3/31/2026 because of the following key factors:
1. Strong Fiscal Q1 2026 Performance and Positive Outlook. WisdomTree reported robust financial results for fiscal Q1 2026 on May 1, 2026, exceeding analyst expectations. The company announced an Earnings Per Share (EPS) of $0.27, beating the consensus estimate of $0.25. Additionally, quarterly revenue surged by 47.5% year-over-year to $159.50 million, surpassing the $156.96 million consensus. This strong performance, which also included $5.9 billion in global net inflows, contributed to a record $152.6 billion in Assets Under Management (AUM) by the end of fiscal Q1 2026, representing a 5.6% increase from the prior quarter.
2. Consistent Assets Under Management (AUM) Growth and Net Inflows. WisdomTree demonstrated sustained growth in AUM throughout the period. Following the strong Q1, the company's global AUM reached approximately $164.3 billion by May 1, 2026, an 8% increase from March 31, driven by favorable market conditions and approximately $800 million of net inflows. By May 2026, WisdomTree reported over $2 billion in net inflows, contributing to more than $9 billion year-to-date and an all-time high firm-wide AUM of approximately $165.4 billion (inclusive of Ceres Partners).
Show more
WisdomTree (WT) stock has gained about 25% since 3/31/2026 because of the following key factors:
1. Strong Fiscal Q1 2026 Performance and Positive Outlook. WisdomTree reported robust financial results for fiscal Q1 2026 on May 1, 2026, exceeding analyst expectations. The company announced an Earnings Per Share (EPS) of $0.27, beating the consensus estimate of $0.25. Additionally, quarterly revenue surged by 47.5% year-over-year to $159.50 million, surpassing the $156.96 million consensus. This strong performance, which also included $5.9 billion in global net inflows, contributed to a record $152.6 billion in Assets Under Management (AUM) by the end of fiscal Q1 2026, representing a 5.6% increase from the prior quarter.
2. Consistent Assets Under Management (AUM) Growth and Net Inflows. WisdomTree demonstrated sustained growth in AUM throughout the period. Following the strong Q1, the company's global AUM reached approximately $164.3 billion by May 1, 2026, an 8% increase from March 31, driven by favorable market conditions and approximately $800 million of net inflows. By May 2026, WisdomTree reported over $2 billion in net inflows, contributing to more than $9 billion year-to-date and an all-time high firm-wide AUM of approximately $165.4 billion (inclusive of Ceres Partners).
3. Strategic Acquisition of Atlantic House. The completion of the Atlantic House acquisition on May 1, 2026, significantly bolstered WisdomTree's business, adding over $4 billion of high-fee AUM at a blended 55 basis point fee rate and introducing ancillary revenue streams. This strategic move expanded WisdomTree's capabilities in active ETFs, derivatives, and defined outcome products, further diversifying its offerings and enhancing its market position.
4. Product Innovation and Industry Recognition. WisdomTree continued its focus on innovation, particularly in the digital assets and thematic ETF space. During the period, the company launched new funds such as the WisdomTree Physical AI, Humanoids, and Drones Fund (WDRN) on May 14, 2026, and the WisdomTree Efficient Rare Earth Plus Strategic Metals Fund (WDIG) on May 7, 2026. Furthermore, WisdomTree received significant industry accolades, being recognized at The Future of Finance Awards 2026 for Leadership in Tokenized Assets and Onchain Infrastructure and named ETF Provider of the Year at the 2026 InvestmentNews Awards in June 2026. These achievements highlight the company's forward-thinking approach and growing influence in key market segments.
Show less
Stock Movement Drivers
Fundamental Drivers
The 27.2% change in WT stock from 3/31/2026 to 7/7/2026 was primarily driven by a 129.0% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.54 | 18.49 | 27.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 494 | 545 | 10.4% |
| Net Income Margin (%) | 22.1% | 11.3% | -49.1% |
| P/E Multiple | 18.2 | 41.6 | 129.0% |
| Shares Outstanding (Mil) | 136 | 138 | -1.2% |
| Cumulative Contribution | 27.2% |
Market Drivers
3/31/2026 to 7/7/2026| Return | Correlation | |
|---|---|---|
| WT | 27.2% | |
| Market (SPY) | 15.0% | 49.3% |
| Sector (XLF) | 13.5% | 43.2% |
Fundamental Drivers
The 52.2% change in WT stock from 12/31/2025 to 7/7/2026 was primarily driven by a 136.4% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.15 | 18.49 | 52.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 457 | 545 | 19.3% |
| Net Income Margin (%) | 21.1% | 11.3% | -46.6% |
| P/E Multiple | 17.6 | 41.6 | 136.4% |
| Shares Outstanding (Mil) | 140 | 138 | 1.1% |
| Cumulative Contribution | 52.2% |
Market Drivers
12/31/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| WT | 52.2% | |
| Market (SPY) | 9.9% | 50.2% |
| Sector (XLF) | 2.9% | 38.5% |
Fundamental Drivers
The 62.0% change in WT stock from 6/30/2025 to 7/7/2026 was primarily driven by a 76.8% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.42 | 18.49 | 62.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 439 | 545 | 24.2% |
| Net Income Margin (%) | 15.8% | 11.3% | -28.6% |
| P/E Multiple | 23.5 | 41.6 | 76.8% |
| Shares Outstanding (Mil) | 143 | 138 | 3.3% |
| Cumulative Contribution | 62.0% |
Market Drivers
6/30/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| WT | 62.0% | |
| Market (SPY) | 22.0% | 50.3% |
| Sector (XLF) | 8.3% | 41.2% |
Fundamental Drivers
The 179.7% change in WT stock from 6/30/2023 to 7/7/2026 was primarily driven by a 237.4% change in the company's P/E Multiple.| (LTM values as of) | 6302023 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.61 | 18.49 | 179.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 305 | 545 | 78.7% |
| Net Income Margin (%) | 25.3% | 11.3% | -55.5% |
| P/E Multiple | 12.3 | 41.6 | 237.4% |
| Shares Outstanding (Mil) | 144 | 138 | 4.2% |
| Cumulative Contribution | 179.7% |
Market Drivers
6/30/2023 to 7/7/2026| Return | Correlation | |
|---|---|---|
| WT | 179.7% | |
| Market (SPY) | 74.6% | 53.2% |
| Sector (XLF) | 73.7% | 50.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WT Return | 17% | -9% | 30% | 54% | 17% | 52% | 276% |
| Peers Return | 34% | -22% | 9% | 9% | 24% | 22% | 87% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| WT Win Rate | 33% | 50% | 75% | 50% | 50% | 71% | |
| Peers Win Rate | 65% | 42% | 43% | 62% | 62% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| WT Max Drawdown | -25% | -27% | -16% | -22% | -27% | -24% | |
| Peers Max Drawdown | -17% | -43% | -30% | -18% | -28% | -19% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BLK, STT, IVZ, BEN, TROW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/7/2026 (YTD)
How Low Can It Go
| Event | WT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -18.1% | -18.8% |
| % Gain to Breakeven | 22.2% | 23.1% |
| Time to Breakeven | 30 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.6% | -9.5% |
| % Gain to Breakeven | 14.5% | 10.5% |
| Time to Breakeven | 58 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.1% | -24.5% |
| % Gain to Breakeven | 31.8% | 32.4% |
| Time to Breakeven | 136 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -58.2% | -33.7% |
| % Gain to Breakeven | 139.2% | 50.9% |
| Time to Breakeven | 260 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.7% | -19.2% |
| % Gain to Breakeven | 34.6% | 23.8% |
| Time to Breakeven | 1855 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -17.9% | -3.7% |
| % Gain to Breakeven | 21.9% | 3.9% |
| Time to Breakeven | 32 days | 6 days |
In The Past
WisdomTree's stock fell -18.1% during the 2025 US Tariff Shock. Such a loss loss requires a 22.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | WT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.1% | -24.5% |
| % Gain to Breakeven | 31.8% | 32.4% |
| Time to Breakeven | 136 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -58.2% | -33.7% |
| % Gain to Breakeven | 139.2% | 50.9% |
| Time to Breakeven | 260 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.7% | -19.2% |
| % Gain to Breakeven | 34.6% | 23.8% |
| Time to Breakeven | 1855 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -58.3% | -12.2% |
| % Gain to Breakeven | 139.7% | 13.9% |
| Time to Breakeven | 3745 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.9% | -17.9% |
| % Gain to Breakeven | 40.7% | 21.8% |
| Time to Breakeven | 33 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -31.5% | -15.4% |
| % Gain to Breakeven | 46.0% | 18.2% |
| Time to Breakeven | 78 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -35.3% | -53.4% |
| % Gain to Breakeven | 54.5% | 114.4% |
| Time to Breakeven | 30 days | 1085 days |
In The Past
WisdomTree's stock fell -18.1% during the 2025 US Tariff Shock. Such a loss loss requires a 22.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About WisdomTree (WT)
WisdomTree Investments, Inc. (WT) operates primarily as an exchange-traded funds (ETFs) sponsor and asset manager. The company's core business involves developing and managing a diverse range of ETFs, which are investment funds traded on stock exchanges, much like stocks. These ETFs provide investors with exposure to various asset classes, including equities, currencies, fixed income, and alternative investments.
In addition to its ETF offerings, WisdomTree provides several other key services. It licenses its unique, fundamentally weighted index methodologies to third parties for use in their own proprietary investment products. The company also offers a dedicated platform designed to promote and facilitate the inclusion of WisdomTree ETFs within 401(k) retirement plans. Furthermore, WisdomTree extends its expertise by offering investment advisory services.
WisdomTree's primary customers and markets encompass a broad spectrum of investors. This includes individual investors, financial advisors, and institutional clients who utilize its ETFs for diversified investment exposure. Through its index licensing, it serves other financial product providers. The company also targets retirement savers by integrating its ETFs into 401(k) plans, making its investment solutions accessible to participants in these employer-sponsored retirement programs.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe WisdomTree:
BlackRock for fundamentally-weighted ETFs.
A boutique Vanguard for ETFs.
State Street's SPDR funds, but with its own unique index philosophy.
AI Analysis | Feedback
- Exchange-Traded Funds (ETFs): WisdomTree sponsors and manages a range of ETFs across various asset classes, providing investment vehicles for clients.
- Index Licensing: The company licenses its proprietary fundamentally weighted indexes to third parties for integration into their own investment products.
- 401(k) Platform Services: WisdomTree offers a platform designed to promote and integrate its ETFs within 401(k) retirement plans.
- Investment Advisory Services: The company provides professional guidance and management for investment portfolios.
AI Analysis | Feedback
WisdomTree (WT) primarily serves a diverse range of customers, including both individual investors and various financial intermediaries and institutions. As an exchange-traded funds (ETFs) sponsor and asset manager, its revenue is primarily derived from management fees on assets invested in its ETFs and from advisory services. The major customer categories are:
Individual (Retail) Investors: These are individuals who invest in WisdomTree's ETFs through brokerage platforms for their personal investment portfolios. This also includes participants in 401(k) plans where WisdomTree ETFs are offered.
Financial Advisors and Wealth Managers: This category includes professional financial advisors, independent Registered Investment Advisors (RIAs), and wealth management firms who recommend and allocate their clients' assets into WisdomTree's ETFs and other investment products. These intermediaries are crucial for the broad distribution of WisdomTree's offerings.
Institutional Investors: This category encompasses large organizations such as pension funds, endowments, foundations, and other corporations that directly invest significant capital into WisdomTree's ETFs or utilize its investment advisory services.
AI Analysis | Feedback
- The Bank of New York Mellon (BK)
- State Street Corporation (STT)
- Citigroup Inc. (C)
AI Analysis | Feedback
Jonathan Steinberg
Founder and Chief Executive Officer
Jonathan Steinberg founded WisdomTree and has served as Chief Executive Officer since October 1988. He also served as President from August 2012 to September 2019. Mr. Steinberg founded Individual Investor Group, Inc. in 1987, serving as its Chairman and CEO. He was Editor-in-Chief of Individual Investor and Ticker magazines from 1998 to 2004. Prior to his entrepreneurial endeavors, Mr. Steinberg worked as an analyst in the Mergers and Acquisitions Department of Bear, Stearns & Co. Inc. from 1986 to 1988. He is the author of "Midas Investing," published in 1996. WisdomTree, under his leadership, has expanded into private asset markets through the acquisition of Ceres Partners, a farmland investment manager. The company also made a strategic investment in Securrency, a blockchain-based financial services infrastructure company, in 2020.
Bryan Edmiston
Chief Financial Officer
Bryan Edmiston has served as Chief Financial Officer of WisdomTree since June 2021. Prior to this role, he was the Chief Accounting Officer from April 2018 to May 2021 and Director – Financial Reporting and Accounting Policy from September 2016 to May 2021 at WisdomTree. Before joining WisdomTree, Mr. Edmiston served as a Managing Director responsible for Accounting Policy and SEC Reporting at Gleacher & Company, Inc., starting in December 2009. He held the position of Controller and Principal Accounting Officer at Gleacher from August 2011 to September 2016.
R. Jarrett Lilien
President and Chief Operating Officer
R. Jarrett Lilien has served as President and Chief Operating Officer of WisdomTree since September 2019. Previously, he was Executive Vice President and Head of Emerging Technologies from November 2017 to September 2019. Mr. Lilien founded Bendigo Partners, LLC, a financial services focused venture capital investing and advisory services firm, in 2008. From September 2012 to July 2014, he served as the Chief Executive Officer of Kapitall Inc., an online investing platform. Earlier in his career, he was President and Chief Operating Officer of E*TRADE Financial Corporation from 2003 to 2008.
Marci Frankenthaler
Chief Legal Officer and Secretary
Marci Frankenthaler has served as Chief Legal Officer and Secretary of WisdomTree since April 2019. Her prior roles at WisdomTree include Deputy General Counsel from January 2018 to March 2019, and Director of Business and Legal Affairs, Associate General Counsel from July 2014 to December 2017. Before joining WisdomTree, Ms. Frankenthaler was General Counsel of Frederick's of Hollywood Group Inc., a specialty retailer, from June 2008 to June 2014, where she was involved in taking the company both public and private.
Alexis Marinof
Chief Executive Officer, Europe
Alexis Marinof has served as Chief Executive Officer, Europe for WisdomTree since February 2025. He previously held the role of Head of WisdomTree Europe from August 2019 to February 2025. Mr. Marinof joined WisdomTree Europe in July 2017 as Head of European Distribution, and was appointed Chief Operating Officer in April 2018. In this COO role, he oversaw the integration of ETF Securities and the expansion of WisdomTree's multi-product European ETP business. Prior to his tenure at WisdomTree, he held various senior positions at State Street Global Advisors, including EMEA Head of SPDR ETFs.
AI Analysis | Feedback
Here are the key risks to WisdomTree (symbol: WT):
- Regulatory and Legal Scrutiny, particularly regarding compliance with investment mandates and disclosures: WisdomTree operates in a highly regulated financial industry and faces significant risks associated with regulatory changes, compliance failures, and potential legal proceedings. A recent example includes a $4 million fine from the SEC for misstatements and compliance failures related to ESG-marketed funds, where the company misrepresented its adherence to specific environmental, social, and governance criteria. Such issues can lead to substantial financial penalties, increased compliance costs, and reputational damage, impacting investor trust and business operations.
- Intense Competition and Sensitivity to Market Conditions affecting Assets Under Management (AUM): The Exchange-Traded Product (ETP) and asset management market is fiercely competitive, with dominant players vying for market share. WisdomTree's revenue is primarily derived from fees based on its AUM, making it highly susceptible to market downturns that can lead to lower asset prices or significant outflows from its products. This intense competition can also lead to fee compression, further impacting revenue growth and profitability.
- Execution and Integration Risks of New Strategic Initiatives: WisdomTree is actively expanding into innovative but evolving sectors, such as blockchain-enabled digital assets (e.g., WisdomTree Prime) and private assets through acquisitions like Ceres Partners. While these initiatives offer growth opportunities, they also carry substantial execution risks. These include navigating complex and rapidly changing regulatory landscapes for digital assets, ensuring successful operational integration of acquired businesses, and achieving sufficient market adoption for new products, all of which could impact the company's financial performance and strategic objectives.
AI Analysis | Feedback
Direct indexing, which allows investors to directly own the underlying securities of an index rather than purchasing an exchange-traded fund (ETF). This approach, often facilitated through separately managed accounts (SMAs), offers potential advantages like greater tax efficiency through customized tax-loss harvesting and personalized portfolio construction. As this technology becomes more accessible and cost-effective, it poses a threat by potentially reducing demand for traditional index-tracking ETFs, particularly among high-net-worth and tax-sensitive investors, by bypassing the ETF wrapper entirely.
AI Analysis | Feedback
AI Analysis | Feedback
- Growth in Assets Under Management (AUM) and Net Inflows: A primary driver of WisdomTree's revenue is its ability to attract and retain assets, generating management fees. The company has consistently reported record AUM and robust net inflows, with strong performance in European-listed products, U.S. equity offerings, and metals strategies. WisdomTree's management expects gross margins to trend higher as AUM continues to grow.
- Expansion into Digital Assets and Tokenization: WisdomTree is leveraging its "early-mover advantage in tokenization and blockchain-enabled finance" to drive future growth. Initiatives such as WisdomTree Prime, a direct-to-retail app, and WisdomTree Connect, a B2B and B2B2C platform, along with tokenized money market funds, are key to this strategy. The digital assets platform closed 2025 with approximately $770 million in AUM, fueled by inflows into digital money market funds. The company anticipates enabling greater intraday liquidity of shares for its tokenized money market fund in early 2026 and expanding this functionality across other registered funds.
- New Product Launches and Portfolio Solutions: WisdomTree's commitment to product innovation, particularly in thematic ETFs, is a significant growth driver. In 2025, the company launched over 30 new strategies, including those focused on European defense, rare earths, quantum computing, and nuclear energy, which have contributed to market share gains, especially in Europe. Additionally, the Portfolio Solutions business, encompassing model portfolios and separately managed accounts (SMAs), is deepening client relationships and improving revenue stickiness, with model assets under advisement (AUA) growing to over $6 billion by the end of 2025. The company recently collaborated to launch a defined outcome SMA strategy, further expanding its advisor solutions.
- Strategic Acquisitions and Private Markets Expansion: The acquisition of Ceres Partners, an alternative asset manager specializing in farmland-based strategies, has significantly expanded WisdomTree's AUM, annual revenue capture, and operating margins. This diversification into private markets is identified as a strategic growth engine and has added nearly $2 billion in farmland assets to AUM.
- International Expansion: WisdomTree is actively pursuing global expansion by introducing its investment solutions to new markets. A strategic collaboration with Korea Investment Management Co., Ltd. for the launch of ETFs benchmarked to WisdomTree's U.S. Quality Dividend Growth Index is an example of this effort. This initiative aims to bring WisdomTree's research-driven investment solutions to a broader global audience, reinforcing its leadership in global asset management and opening new revenue streams.
AI Analysis | Feedback
Share Repurchases
- In February 2022, WisdomTree authorized an $85.7 million increase to its stock repurchase program, allowing for up to $100 million in share purchases through April 27, 2025, which included $34.5 million of shares repurchased in 2021.
- The company completed an $84.4 million repurchase of non-voting preferred shares, convertible into 13.1 million common shares, from Gold Bullion Holdings (Jersey) Limited in November 2023.
- A new $190 million share repurchase program was announced in November 2025.
Share Issuance
- In August 2024, WisdomTree priced an offering of $345 million in convertible senior notes due 2029, resulting in approximately $337 million in net proceeds.
Outbound Investments
- In October 2025, WisdomTree acquired Ceres Partners, a U.S. farmland platform, expanding its presence in private assets.
- WisdomTree expanded its global footprint through a strategic collaboration with Korea Investment Management Co., Ltd. (KIM) in May 2025, launching a suite of ETFs in the Korean market.
- In March 2026, the company partnered with Halo Investing to introduce the Halo-WisdomTree Structured Income Strategy, a defined outcome separately managed account (SMA) strategy.
Capital Expenditures
- WisdomTree reported capital expenditures of $61,000 in Q4 2025.
- The company's capital expenditures have historically had a negligible impact on total cash flow due to its asset-light business model.
- For the last 12 months as of a recent reporting period, capital expenditures were -$215,000, indicating a net reduction in capital assets.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| WisdomTree Earnings Notes | 12/16/2025 | |
| Is WisdomTree Stock Built to Withstand a Pullback? | 10/17/2025 | |
| WisdomTree (WT) Operating Cash Flow Comparison | 08/09/2025 | |
| WisdomTree (WT) Debt Comparison | 08/09/2025 | |
| WisdomTree (WT) Revenue Comparison | 08/09/2025 | |
| WisdomTree (WT) Net Income Comparison | 08/09/2025 | |
| WisdomTree (WT) EBITDA Comparison | 08/09/2025 | |
| WisdomTree (WT) Operating Income Comparison | 08/09/2025 | |
| WisdomTree (WT) Tax Expense Comparison | 08/09/2025 | |
| Why WisdomTree Stock Moved: WT Stock Has Gained 143% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S) | 08/08/2025 | |
| ARTICLES | ||
| Small Cap Stocks Trading At 52-Week High | 01/21/2026 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 77.26 |
| Mkt Cap | 22.0 |
| Rev LTM | 8,219 |
| Op Inc LTM | 1,279 |
| FCF LTM | 1,312 |
| FCF 3Y Avg | 1,117 |
| CFO LTM | 1,401 |
| CFO 3Y Avg | 1,250 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.3% |
| Rev Chg 3Y Avg | 6.3% |
| Rev Chg Q | 14.8% |
| QoQ Delta Rev Chg LTM | 3.5% |
| Op Inc Chg LTM | 9.8% |
| Op Inc Chg 3Y Avg | 7.0% |
| Op Mgn LTM | 32.7% |
| Op Mgn 3Y Avg | 32.7% |
| QoQ Delta Op Mgn LTM | 1.2% |
| CFO/Rev LTM | 21.1% |
| CFO/Rev 3Y Avg | 21.4% |
| FCF/Rev LTM | 18.6% |
| FCF/Rev 3Y Avg | 18.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Advisory fees | 440 | 395 | 294 | 298 | |
| Other | 42 | 32 | 8 | 6 | |
| Performance | 7 | 0 | |||
| Management fees | 5 | 0 | |||
| Exchange-traded products (ETP) sponsor and asset manager | 349 | ||||
| Total | 494 | 428 | 349 | 301 | 304 |
| $ Mil | 2024 | 2023 |
|---|---|---|
| Exchange-traded products (ETP) sponsor and asset manager | 137 | 87 |
| Total | 137 | 87 |
| $ Mil | 2024 | 2023 |
|---|---|---|
| Exchange-traded products (ETP) sponsor and asset manager | 67 | 103 |
| Total | 67 | 103 |
Price Behavior
| Market Price | $18.49 | |
| Market Cap ($ Bil) | 2.6 | |
| First Trading Date | 01/12/2009 | |
| Distance from 52W High | -6.7% | |
| 50 Days | 200 Days | |
| DMA Price | $18.19 | $15.04 |
| DMA Trend | up | up |
| Distance from DMA | 1.7% | 23.0% |
| 3M | 1YR | |
| Volatility | 44.7% | 37.1% |
| Downside Capture | 144.21 | 150.99 |
| Upside Capture | 152.78 | 166.52 |
| Correlation (SPY) | 50.4% | 50.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.13 | 1.53 | 1.65 | 1.62 | 1.52 | 1.17 |
| Up Beta | 1.42 | 1.73 | 1.75 | 1.22 | 1.32 | 1.06 |
| Down Beta | 1.13 | 0.97 | 1.13 | 1.34 | 1.27 | 1.23 |
| Up Capture | 38% | 150% | 170% | 271% | 249% | 213% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 8 | 18 | 30 | 64 | 125 | 382 |
| Down Capture | 152% | 181% | 185% | 149% | 137% | 104% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 13 | 23 | 33 | 61 | 122 | 349 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WT | |
|---|---|---|---|---|
| WT | 49.6% | 37.1% | 1.15 | - |
| Sector ETF (XLF) | 6.7% | 14.7% | 0.22 | 41.9% |
| Equity (SPY) | 20.7% | 12.5% | 1.22 | 50.4% |
| Gold (GLD) | 23.0% | 27.8% | 0.73 | 34.0% |
| Commodities (DBC) | 22.9% | 18.6% | 0.97 | -7.5% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 30.5% |
| Bitcoin (BTCUSD) | -41.8% | 42.8% | -1.14 | 36.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WT | |
|---|---|---|---|---|
| WT | 26.6% | 32.3% | 0.78 | - |
| Sector ETF (XLF) | 10.7% | 18.6% | 0.44 | 54.9% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 55.4% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 15.6% |
| Commodities (DBC) | 7.6% | 19.5% | 0.29 | 9.1% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 42.4% |
| Bitcoin (BTCUSD) | 13.2% | 53.5% | 0.43 | 30.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WT | |
|---|---|---|---|---|
| WT | 8.7% | 42.8% | 0.34 | - |
| Sector ETF (XLF) | 14.1% | 22.1% | 0.58 | 61.0% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 54.8% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 2.6% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 21.6% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 43.4% |
| Bitcoin (BTCUSD) | 57.9% | 66.2% | 0.98 | 19.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/4/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/1/2026 | -2.2% | 10.1% | 12.8% |
| 1/30/2026 | -2.1% | -6.3% | 6.1% |
| 10/31/2025 | 3.3% | 0.7% | -5.5% |
| 7/31/2025 | -6.9% | -1.8% | 2.8% |
| 5/2/2025 | 4.6% | 7.4% | 8.9% |
| 1/31/2025 | -0.3% | -2.2% | -7.5% |
| 10/25/2024 | 0.9% | -0.3% | 15.9% |
| 7/26/2024 | 6.4% | 6.6% | -6.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 16 |
| # Negative | 13 | 9 | 8 |
| Median Positive | 1.4% | 3.4% | 7.5% |
| Median Negative | -2.1% | -3.3% | -3.7% |
| Max Positive | 6.4% | 10.1% | 20.2% |
| Max Negative | -6.9% | -7.7% | -7.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/1/2026 | -2.2% | 10.1% | 12.8% |
| 1/30/2026 | -2.1% | -6.3% | 6.1% |
| 10/31/2025 | 3.3% | 0.7% | -5.5% |
| 7/31/2025 | -6.9% | -1.8% | 2.8% |
| 5/2/2025 | 4.6% | 7.4% | 8.9% |
| 1/31/2025 | -0.3% | -2.2% | -7.5% |
| 10/25/2024 | 0.9% | -0.3% | 15.9% |
| 7/26/2024 | 6.4% | 6.6% | -6.0% |
| 4/26/2024 | -1.4% | 3.4% | 13.1% |
| 2/2/2024 | 0.7% | 2.8% | 19.4% |
| 10/27/2023 | -5.5% | -4.6% | -0.6% |
| 7/28/2023 | -3.3% | -6.7% | 0.7% |
| 4/28/2023 | 1.3% | 3.4% | 11.6% |
| 2/3/2023 | -1.4% | 0.8% | 0.3% |
| 10/28/2022 | 0.9% | -0.4% | -3.0% |
| 7/29/2022 | -1.7% | 2.6% | -4.4% |
| 4/29/2022 | -4.4% | -7.7% | -0.1% |
| 1/28/2022 | -1.8% | -3.3% | -0.7% |
| 10/29/2021 | 4.1% | 9.9% | 2.7% |
| 7/30/2021 | -0.6% | 4.0% | 2.6% |
| 4/30/2021 | 1.0% | 3.1% | 0.2% |
| 1/29/2021 | -2.6% | 0.0% | 5.3% |
| 10/30/2020 | 1.4% | 7.5% | 20.2% |
| 7/31/2020 | 1.4% | 7.6% | 9.6% |
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 16 |
| # Negative | 13 | 9 | 8 |
| Median Positive | 1.4% | 3.4% | 7.5% |
| Median Negative | -2.1% | -3.3% | -3.7% |
| Max Positive | 6.4% | 10.1% | 20.2% |
| Max Negative | -6.9% | -7.7% | -7.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/01/2019 | 10-Q |
| 06/30/2019 | 07/31/2019 | 10-Q |
Insider Activity
Updated 6/22/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lilien, R Jarrett | President and COO | Direct | Sell | 5212026 | 18.99 | 30,000 | 569,700 | 21,083,553 | Form |
| 2 | Ziemba, Peter M | Chief Administrative Officer | Direct | Sell | 5202026 | 19.31 | 100,000 | 1,931,000 | 17,102,597 | Form |
| 3 | Yates, David M | Chief Information Officer | Direct | Sell | 5062026 | 18.06 | 15,000 | 270,900 | 2,844,432 | Form |
| 4 | Pankopf, Tonia L | Direct | Buy | 3092026 | 16.94 | 44 | 751 | 592,424 | Form | |
| 5 | Pankopf, Tonia L | Direct | Buy | 3092026 | 11.05 | 68 | 749 | 386,008 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lilien, R Jarrett | President and COO | Direct | Sell | 5212026 | 18.99 | 30,000 | 569,700 | 21,083,553 | Form |
| 2 | Ziemba, Peter M | Chief Administrative Officer | Direct | Sell | 5202026 | 19.31 | 100,000 | 1,931,000 | 17,102,597 | Form |
| 3 | Yates, David M | Chief Information Officer | Direct | Sell | 5062026 | 18.06 | 15,000 | 270,900 | 2,844,432 | Form |
| 4 | Pankopf, Tonia L | Direct | Buy | 3092026 | 16.94 | 44 | 751 | 592,424 | Form | |
| 5 | Pankopf, Tonia L | Direct | Buy | 3092026 | 11.05 | 68 | 749 | 386,008 | Form | |
| 6 | Pankopf, Tonia L | Direct | Buy | 3092026 | 13.43 | 33 | 444 | 467,860 | Form | |
| 7 | Pankopf, Tonia L | Direct | Buy | 3092026 | 9.62 | 46 | 442 | 334,816 | Form | |
| 8 | Pankopf, Tonia L | Direct | Buy | 3092026 | 9.26 | 48 | 441 | 321,974 | Form | |
| 9 | Pankopf, Tonia L | Direct | Buy | 3092026 | 11.52 | 38 | 440 | 400,008 | Form | |
| 10 | Lilien, R Jarrett | President and COO | Direct | Sell | 2262026 | 16.84 | 30,000 | 505,200 | 19,201,726 | Form |
| 11 | Yates, David M | Chief Information Officer | Direct | Sell | 12032025 | 11.12 | 6,820 | 75,872 | 1,692,368 | Form |
| 12 | Lilien, R Jarrett | President and COO | Direct | Sell | 11252025 | 11.01 | 12,500 | 137,625 | 10,995,004 | Form |
| 13 | Lilien, R Jarrett | President and COO | Direct | Sell | 11142025 | 11.77 | 25,000 | 294,250 | 11,901,094 | Form |
| 14 | Lilien, R Jarrett | President and COO | Direct | Sell | 8272025 | 13.21 | 12,500 | 165,125 | 13,687,383 | Form |
| 15 | Lilien, R Jarrett | President and COO | Direct | Sell | 8132025 | 13.33 | 25,000 | 333,250 | 13,978,345 | Form |
WisdomTree — Investor Video Playlist
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Asset Management & Custody Banks Resources |
| Pensions & Investments |
| Institutional Investor |
| Ignites |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.