NASDAQ$WT

WisdomTree Investments Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

WisdomTree Investments Inc. reported a net income of $81.2 million and diluted earnings per share of $0.50 for Q3 2022.

WisdomTree Investments, Inc. reported financial results for the third quarter of 2022, with a net income of $81.2 million and diluted earnings per share of $0.50. The company experienced net inflows of $1.7 billion, driven by fixed income and U.S. equity products, which were partially offset by outflows from commodity products. Ending AUM was $70.9 billion, a decrease of 4.6% due to market depreciation, partially offset by net inflows.

  • Net income was $81.2 million ($9.3 million, as adjusted).
  • Diluted earnings per share was $0.50 ($0.06, as adjusted).
  • Net inflows were $1.7 billion, driven by fixed income and U.S. equity products.
  • Ending AUM was $70.9 billion, a decrease of 4.6% arising from market depreciation, partly offset by net inflows.

Headline financials

Total Revenue

$72.4M

Previous: $78.1M-7.3%
EPS (adj)

$0.06

Previous: $0.10-40.0%
Ending AUM

$70.9B

Previous: $72.8B-2.6%
Average Advisory Fee

0.4%

No prior period
Capital Expenditures

-$211K

Previous: -$237K+11.0%
Free Cash Flow

$81M

Previous: $5.6M+1347.8%
Net Income

$81.2M

Previous: $5.83M+1292.6%
Operating Income

$14.9M

Previous: $24.2M-38.5%
Gross Profit

$72.4M

Previous: $78.1M-7.3%
Cash & Equivalents

$133M

Previous: $128M+3.7%
Total Assets

$1.02B

Previous: $1.02B-0.2%
Stock-Based Comp

$2.45M

Previous: $2.4M+2.4%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$72.4M

Q3 2022-7.3%vs Q3 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 anticipates continued organic growth in its ETF franchise and sees its vision for digital assets and blockchain-enabled financial services fast becoming a reality.

Tailwinds

  • Opportunities for continued organic growth in the ETF franchise.
  • Broad and deep product lineup.
  • Strong performance.
  • Solutions offerings.
  • Growing managed models business.

Headwinds

  • Ultimate duration of the COVID-19 pandemic.
  • War in Ukraine.
  • Short-term and long-term impact on our business and the global economy.
  • Adverse market developments arising from the COVID-19 pandemic could negatively impact our assets under management
  • Declining prices of securities, gold and other precious metals and other commodities can adversely affect our business

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 Q3 2022

Historical avgQ3 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

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