Filing Flows › WisdomTree (WT) › Q3 2025
WisdomTree (WT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
WisdomTree (WT) reported revenue of $126M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +12% from the quarter before. Operating margin was 36.3%, net earnings $19.7M (15.7% of revenue).
WisdomTree, Q3 2025: revenue $126M (+11% year over year), operating margin 36.3%, net earnings $19.7M, operating cash flow $48.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | +12% | +11% |
| Operating profit | $45.7M | +32% | +12% |
| Net earnings | $19.7M | -20% | — |
| Operating cash flow | $48.1M | +24% | +0.8% |
| Free cash flow | $48.0M | +24% | +0.7% |
What changed
Revenue was $125.6M in Q3 2025, up 11% year over year and up 12% from the previous quarter. Investment Advisory, Management and Administrative Service was the largest line at 91% of revenue. Investment Advisory, Management and Administrative Service added $12.8M year over year (up 13%), 103% of the total change. Other Services Income declined 3%.
Operating profit was $45.7M, a 36.3% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, above the 36% margin then. Total costs grew 10% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $19.7M. The effective tax rate was 33.3%.
Operating cash flow was $48.1M (up 1% year over year), 244% of net earnings. Non-cash charges added back $615K of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $22.9M. Capital expenditures of $37K left free cash flow of $48.0M.
Questions
What was WisdomTree's revenue in the third quarter 2025?
WisdomTree (WT) reported revenue of $126M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +12% from the quarter before.
Was WisdomTree profitable in the third quarter 2025?
Operating profit was $45.7M (36.3% of revenue) and net earnings $19.7M.
Source: WisdomTree 10-Q on SEC EDGAR.