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WisdomTree (WT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · WisdomTree (WT) Q3 2026 earnings results →
Q3 2026 Revenue up 43% year over year to $179M · 27¢ of every $1 of revenue kept as net profit · operating margin 41.3%
WisdomTree made $179M in Q3 2026 (+43% Y/Y): Advisory fees $152M, Other revenues $18.5M, Management fees $5.4M. Operating margin 41.3%, net earnings $49.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $179.4M in Q3 2026, up 43% year over year and up 1% from the previous quarter. Advisory fees was the largest line at 85% of revenue. Advisory fees added $37.1M year over year (up 32%), 69% of the total change.
Operating profit was $74.1M, a 41.3% margin (up 5.0 points year over year). Of the extra revenue versus Q3 2025, 53% reached operating profit, above the 36% margin then. Total costs grew 32% against revenue growth of 43%. The fastest-growing cost line was General & admin (+37%). Net earnings were $49.2M, up 150% year over year. The effective tax rate was 23.7%.
Operating cash flow was $59.7M (up 24% year over year), 121% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $7.5M of share-based compensation. Capital expenditures of $36K left free cash flow of $59.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $179M | +43% | 41.3% | $49.2M | $59.7M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $177M | +57% | 40.5% | $44.3M | $75.5M |
| Q1 2026 | 10-Q | May 6, 2026 | $159M | +48% | 37.2% | −$23.1M | $18.0M |
| Q4 2025 | 10-K | Feb 25, 2026 | $147M | +33% | 40.5% | $40.0M | $54.7M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $126M | +11% | 36.3% | $19.7M | $48.1M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $113M | +5% | 30.8% | $24.8M | $38.8M |
| Q1 2025 | 10-Q | May 9, 2025 | $108M | +12% | 31.6% | $24.6M | $6.4M |
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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Customers and suppliers named in filings
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About WisdomTree
WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect ™ and blockchain-native digital wallet, WisdomTree Prime ®* , and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.
In its own words, from its 8-K, filed Jul 31, 2026.
WisdomTree against its Security Brokers, Dealers & Flotation Companies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +43% against the peers' median +13%. Operating margin: 41.3% against the peers' median 30.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WT WisdomTree | Q3 2026 | $179M | +43% | 41.3% |
| MS Morgan Stanley | Q3 2026 | $20.3B | +12% | 31.9% |
| GS Goldman Sachs Group | Q3 2026 | $18.7B | +23% | 37.5% |
| GLXY Galaxy Digital | Q3 2026 | $8.1B | -72% | 4.3% |
| BLK BlackRock | Q3 2026 | $7.8B | +19% | 30.0% |
| SCHW Schwab Charles | Q3 2026 | $7.2B | +17% | 52.7% |
| Jones Financial Companies Lllp | Q3 2026 | $5.2B | +13% | 0.0% |
| RJF Raymond James Financial | Q4 FY26 | $4.7B | +13% | 18.2% |
| JEF Jefferies Financial Group | Q3 FY26 | $3.2B | +11% | 10.9% |
Source: WisdomTree 10-Q on SEC EDGAR · CIK 880631 · Security Brokers, Dealers & Flotation Companies
Guidance and outlook
13F: who owns WT and who is buying
More on WT
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results