NASDAQ$WT

WisdomTree Investments Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

WisdomTree Investments Inc. reported a net income of $8.0 million and adjusted diluted EPS of $0.07 for Q2 2022.

WisdomTree Investments Inc. reported a net income of $8.0 million, or $0.05 per share, for the second quarter of 2022. Adjusted net income was $11.3 million, or $0.07 per share. The company's AUM ended the period at $74.3 billion, a decrease of 6.4% due to market depreciation, partially offset by net inflows of $3.9 billion.

  • Net income was $8.0 million ($11.3 million, as adjusted).
  • Diluted earnings per share was $0.05 ($0.07, as adjusted).
  • Ending AUM was $74.3 billion, a decrease of 6.4% arising from market depreciation, partly offset by net inflows.
  • Net inflows were $3.9 billion, primarily driven by inflows into fixed income products.

Headline financials

Total Revenue

$77.3M

Previous: $77.6M-0.5%
EPS (adj)

$0.07

Previous: $0.10-30.0%
Ending AUM

$74.3B

Previous: $73.9B+0.5%
Average Advisory Fee

0.4%

No prior period
Operating Income Margin

20.5%

Previous: 30.5%-32.8%
Gross Margin

79.2%

Previous: 79.1%+0.1%
Capital Expenditures

-$205K

Previous: -$173K-18.5%
Free Cash Flow

$7.8M

Previous: $17.5M-55.3%
Net Income

$8.01M

Previous: $17.6M-54.6%
Operating Income

$15.8M

Previous: $23.7M-33.3%
Gross Profit

$77.3M

Previous: $77.6M-0.5%
Cash & Equivalents

$110M

Previous: $168M-34.5%
Total Assets

$1.01B

Previous: $1.02B-1.6%
Stock-Based Comp

$2.43M

Previous: $2.12M+14.7%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$77.3M

Q2 2022-0.5%vs Q2 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

WisdomTree Investments Inc · $70.6M total across 1 segment · Q3 2022

  • Advisory Fees
    $70.6M-7.6%

Forward guidance

WisdomTree is focused on growth, team and efficiency, with a perpetual focus on growth, both today’s and tomorrow’s, team and efficiency.

Tailwinds

  • WisdomTree is generating strong organic growth.
  • Client engagement remains high.
  • The company is focused on the diversification, growth and performance of its lineup of products, model portfolios and solutions.
  • The digital assets rollout remains on track.
  • The company is well-positioned for success in the digital asset space.

Headwinds

  • The company is navigating a difficult macro backdrop.
  • Market depreciation negatively impacted AUM.
  • Operating revenues decreased 1.4% due to a lower average advisory fee.
  • Gross margin decreased 1 point due to product launches and higher transaction-based fees.
  • Operating income margin decreased 2.1 points.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.9%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.9%

Avg return

30 days after

44%

17 / 39 earnings

Positive

+9.0%

Q3 2018

Best reaction

-12.3%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.3%+12.1%+11.5%
Q4 2025-2.1%-1.9%+3.4%
Q3 2025-0.8%-2.2%-10.4%
Q1 2025+4.6%+6.3%+8.1%
Q4 2024-0.3%-1.0%-7.1%
Q3 2024+0.9%-0.7%+15.6%
Q2 2024+6.4%+9.3%-6.3%
Q1 2024-1.4%+2.1%+12.8%
Q4 2023+0.7%+1.9%+18.9%
Q3 2023-5.5%-4.6%+0.5%
Q2 2023-3.3%-5.3%+0.3%
Q1 2023+1.3%+2.1%+11.0%
Q4 2022-1.4%-0.5%+0.8%
Q3 2022+0.9%-1.1%-2.4%
Q2 2022-1.7%+3.2%-4.9%
Q1 2022-4.4%-3.8%-0.7%
Q4 2021-1.8%-1.6%+1.1%
Q3 2021+4.1%+9.3%+1.5%
Q2 2021-0.6%+3.2%+2.1%
Q1 2021+1.0%+4.2%-0.3%
Q4 2020-2.6%+0.5%-3.3%
Q3 2020+1.4%+5.0%+21.7%
Q2 2020+1.4%+5.4%+9.0%
Q1 2020-5.9%-10.2%-7.7%
Q4 2019+1.2%+7.2%-2.4%
Q3 2019+8.2%+6.4%+0.8%
Q2 2019+0.2%-1.7%-21.2%
Q1 2019-2.6%-8.3%-19.8%
Q4 2018-10.1%-7.8%+19.3%
Q3 2018+9.0%+12.4%+7.2%
Q2 2018+1.3%-12.9%-13.1%
Q1 2018+5.4%+10.5%+14.0%
Q4 2017-7.4%-11.0%-16.5%
Q3 2017+2.5%+1.2%-1.1%
Q2 2017-2.7%-2.3%-11.7%
Q1 2017-0.2%-1.0%+13.0%
Q4 2016-12.3%-14.7%-9.7%
Q3 2016-7.5%-14.8%+12.8%
Q2 2016-10.7%-12.5%-11.0%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q1 2012
Q4 2011
Q4 2009
Q2 2011
Q3 2010
Q4 2010
Q2 2010
Q3 2011

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro