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Wealthfront (WLTH) earnings and revenue breakdown
Latest: Q2 FY27 · 10-Q filed Sep 14, 2026 · Wealthfront (WLTH) Q2 FY27 earnings results →
Q2 FY27 Revenue up 1% year over year to $91.9M · 19¢ of every $1 of revenue kept as net profit · operating margin 22.2%
Wealthfront made $91.9M in Q2 FY27 (+0.8% Y/Y): Cash management $61.8M, Investment advisory $28.8M, Other revenue $1.3M. Operating margin 22.2%, net earnings $17.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $91.9M in Q2 FY27, up 1% year over year and up 2% from the previous quarter. Cash management was the largest line at 67% of revenue. Investment advisory added $6.8M year over year (up 31%), 901% of the total change. Cash management declined 10%.
Operating profit was $20.4M, a 22.2% margin (down 21.6 points year over year). Operating profit fell $19.5M even though revenue rose $751K versus a year earlier, so costs grew faster than sales. Total costs grew 39% against revenue growth of 1%. The fastest-growing cost line was General & admin (+77%). Net earnings were $17.8M, down 49% year over year. The effective tax rate was 13.0%.
Operating cash flow was $47.3M (up 22% year over year), 267% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization and $16.4M of share-based compensation. Working capital and other items added $11.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Sep 14, 2026 | $91.9M | +0.8% | 22.2% | $17.8M | $47.3M |
| Q1 FY27 | 10-Q | Jun 12, 2026 | $90.5M | +7% | 19.3% | $12.8M | $22.7M |
| Q4 FY26 | 10-K | Apr 24, 2026 | $96.1M | +16% | -218.4% | −$134M | $33.3M |
| Q3 FY26 | 10-Q | Jan 23, 2026 | $93.2M | +16% | 37.3% | $30.9M | $41.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Wealthfront
We are a product-driven technology company that built a financial solutions platform for “digital natives,” defined as those born after 1980 (i.e., Millennials, Gen Z, and later generations). Our platform is designed to address the needs of the wealth builders within these generations. We have differentiated, trusted relationships with our clients due to our unique and fundamentally aligned incentives. Simply put, we succeed because our clients succeed. Founded in 2008 and headquartered in Palo Alto, California, w e were among the first digital-only financial solutions platforms, pioneering the use of automation to offer low-cost diversified portfolios. We built our platform using software to deliver our solutions quickly, conveniently, and at low cost.
In its own words, from its 10-K, filed Apr 24, 2026.
Wealthfront against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.8% against the peers' median +17%. Operating margin: 22.2% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WLTH Wealthfront | Q2 FY27 | $91.9M | +0.8% | 22.2% |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: Wealthfront 10-Q on SEC EDGAR · CIK 1524566 · Finance Services
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History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results