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How Westwood Holdings Group (WHG) makes money

Westwood Holdings Group (WHG) made $26.6M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Asset Management brought in $19.2M (72%); Fiduciary and Trust brought in $5.6M (21%); Other Revenue Misc Services brought in $1.8M (7%). Of every dollar of revenue, 5¢ was left as operating profit, 12¢ was left as net earnings.

Drawing the Sankey…

Westwood Holdings Group revenue by segment, Q3 2026Westwood Holdings Group revenue by segment, Q3 2026Asset Management$19.2MFiduciary and Trust$5.6MOther Revenue Misc Services$1.8M
Westwood Holdings Group: revenue by line, Q1 2025 to Q3 2026Westwood Holdings Group: revenue by line, Q1 2025 to Q3 2026Asset ManagementFiduciary and TrustOther Revenue Misc Se…Asset Management: $19.2M latest$19.2MFiduciary and Trust: $5.6M latest$5.6MOther Revenue Misc Services: $1.8M latestQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Other Revenue Misc Services went from 0% of revenue in Q1 2025 to 7% in Q3 2026, the largest shift in the mix.
Westwood Holdings Group revenue by quarterWestwood Holdings Group revenue by quarter$23.3MQ1 2025$23.1MQ2 2025$24.3MQ3 2025$27.1MQ4 2025$25.0MQ1 2026$25.3MQ2 2026$26.6MQ3 2026
Westwood Holdings Group: where each dollar of revenue goesWestwood Holdings Group: where each dollar of revenue goesOperating profit5¢Income tax6¢Net earnings12¢Operating cash flow22¢Free cash flow22¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Asset Management$19.2M72.3%-0.9%+2%
Fiduciary and Trust$5.6M21.0%+4%+3%
Other Revenue Misc Services$1.8M6.8%+201%—

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$26.6M100.0%
Operating profit$1.4M5.2%
Income tax$1.5M5.5%
Net earnings$3.1M11.7%
Operating cash flow$5.9M22.4%
Free cash flow$5.9M22.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$26.6M+9%
Q2 2026$25.3M+10%
Q1 2026$25.0M+7%
Q4 2025$27.1M+32%
Q3 2025$24.3M+2%
Q2 2025$23.1M+2%
Q1 2025$23.3M+2%

From Westwood Holdings Group's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Westwood Holdings Group make money?

Westwood Holdings Group (WHG) made $26.6M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Asset Management brought in $19.2M (72%); Fiduciary and Trust brought in $5.6M (21%); Other Revenue Misc Services brought in $1.8M (7%). Of every dollar of revenue, 5¢ was left as operating profit, 12¢ was left as net earnings.

What is Westwood Holdings Group's biggest business?

Asset Management: $19.2M in the third quarter 2026, 72% of revenue, +2% from a year earlier.

What is Westwood Holdings Group's profit margin?

Net earnings were $3.1M, 11.7% of revenue, in the third quarter 2026; the operating margin was 5.2%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.