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How Wealthfront (WLTH) makes money

Wealthfront (WLTH) made $91.9M of revenue in the second quarter fiscal 2027 (Q2 FY27), +0.8% from a year earlier. Cash management brought in $61.8M (67%); Investment advisory brought in $28.8M (31%); Other revenue brought in $1.3M (1%). Of every dollar of revenue, 22¢ was left as operating profit, 19¢ was left as net earnings.

Drawing the Sankey…

Wealthfront revenue by segment, Q2 FY27Wealthfront revenue by segment, Q2 FY27Cash management$61.8MInvestment advisory$28.8MOther revenue$1.3M
Wealthfront: revenue by line, Q3 FY26 to Q2 FY27Wealthfront: revenue by line, Q3 FY26 to Q2 FY27Cash managementInvestment advisoryOther revenueCash management: $61.8M latest$61.8MInvestment advisory: $28.8M latest$28.8MOther revenue: $1.3M latestQ3 FY26Q4 FY26Q1 FY27Q2 FY27
Cash management went from 74% of revenue in Q3 FY26 to 67% in Q2 FY27, the largest shift in the mix.
Wealthfront revenue by quarterWealthfront revenue by quarter$93.2MQ3 FY26$96.1MQ4 FY26$90.5MQ1 FY27$91.9MQ2 FY27
Wealthfront: where each dollar of revenue goesWealthfront: where each dollar of revenue goesOperating profit22¢Income tax3¢Net earnings19¢Operating cash flow51¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Cash management$61.8M67.2%-3%-10%
Investment advisory$28.8M31.4%+10%+31%
Other revenue$1.3M1.4%+53%+525%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$91.9M100.0%
Operating profit$20.4M22.2%
Income tax$2.6M2.9%
Net earnings$17.8M19.3%
Operating cash flow$47.3M51.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$91.9M+0.8%
Q1 FY27$90.5M+7%
Q4 FY26$96.1M+16%
Q3 FY26$93.2M+16%

From Wealthfront's 10-Q filed Sep 14, 2026 (on EDGAR).

Questions

How does Wealthfront make money?

Wealthfront (WLTH) made $91.9M of revenue in the second quarter fiscal 2027 (Q2 FY27), +0.8% from a year earlier. Cash management brought in $61.8M (67%); Investment advisory brought in $28.8M (31%); Other revenue brought in $1.3M (1%). Of every dollar of revenue, 22¢ was left as operating profit, 19¢ was left as net earnings.

What is Wealthfront's biggest business?

Cash management: $61.8M in the second quarter fiscal 2027, 67% of revenue, -10% from a year earlier.

What is Wealthfront's profit margin?

Net earnings were $17.8M, 19.3% of revenue, in the second quarter fiscal 2027; the operating margin was 22.2%.

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