NASDAQ$WT

WisdomTree Investments Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported record AUM and operating margin expansion.

WisdomTree announced strong Q2 2024 results, achieving record AUM of $109.7 billion, driven by market appreciation and net inflows. The company reported net income of $21.8 million and an operating revenue increase of 10.5% from the prior quarter.

  • Record AUM of $109.7 billion, a 2.3% increase from the prior quarter.
  • Net inflows of $0.3 billion, driven by international developed equity, fixed income, and U.S. equity products.
  • Operating revenues increased by 10.5% from the prior quarter.
  • Declared a quarterly dividend of $0.03 per share.

Headline financials

Total Revenue

$107M

Previous: $84.9M+26.1%
EPS

$0.13

Previous: $0.09+44.4%
Ending AUM

$110B

No prior period
Average Advisory Fee

0.4%

Previous: 0.4%+2.8%
Gross Margin

81.2%

Previous: 79.3%+2.4%
Capital Expenditures

-$102K

Previous: -$58K-75.9%
Free Cash Flow

$21.7M

Previous: $54.2M-60.0%
Net Income

$21.8M

Previous: $54.3M-59.9%
Operating Income

$33.5M

Previous: $18.2M+84.3%
Gross Profit

$107M

Previous: $84.9M+26.1%
Cash & Equivalents

$132M

Previous: $83.7M+58.2%
Total Assets

$964M

Previous: $934M+3.3%
Stock-Based Comp

$5.59M

Previous: $3.97M+40.9%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$107M

Q2 2024+26.1%vs Q2 2023
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 set up for long run success, driven by secular shift toward ETFs, tokenization and blockchain technology.

Tailwinds

  • Strong revenue growth
  • Record assets under management
  • Net inflows
  • Expanding other revenue streams
  • Expanded adjusted operating margins

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 2024

Historical avgQ2 2024

-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

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