NASDAQ$WT

WisdomTree Investments Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

WisdomTree Investments Inc. reported organic growth and margin expansion.

WisdomTree Investments Inc. reported Q3 2023 financial results, showing organic growth and margin expansion. The company achieved $2.0 billion in net inflows, driven by fixed income, U.S. equity, international equity, and emerging markets products, offset by commodity products outflows. Operating revenues increased by 5.5% to $90.4 million, and the operating income margin increased by 8.3 points to 29.5%.

  • Achieved $2.0 billion in net inflows.
  • Operating revenues increased by 5.5% from the prior quarter.
  • Operating income margin increased by 8.3 points from the prior quarter.
  • Maintained $93.7 billion of ending AUM, unchanged from the prior quarter.

Headline financials

Total Revenue

$90.4M

Previous: $72.4M+24.9%
EPS (adj)

$0.10

Previous: $0.06+66.7%
Ending AUM

$93.7B

Previous: $70.9B+32.2%
Average Advisory Fee

0.4%

Previous: 0.4%-5.3%
Capital Expenditures

-$93K

Previous: -$211K+55.9%
Free Cash Flow

$12.9M

Previous: $81M-84.1%
Net Income

$13M

Previous: $81.2M-84.0%
Operating Income

$26.7M

Previous: $14.9M+79.6%
Gross Profit

$88.6M

Previous: $72.4M+22.4%
Cash & Equivalents

$89.5M

Previous: $133M-32.6%
Total Assets

$952M

Previous: $1.02B-6.4%
Stock-Based Comp

$3.92M

Previous: $2.45M+59.6%

Revenue & EPS history

WisdomTree Investments Inc · Revenue · Quarterly

$90.4M

Q3 2023+24.9%vs Q3 2022
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 organic growth and margin expansion, making progress in rolling out WisdomTree Prime™ across the U.S., coupled with enhanced products and features and new digital funds on track to be launched in the fourth quarter.

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 2023

Historical avgQ3 2023

-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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