WisdomTree reached a record $162.9 billion in assets under management during the second quarter of 2026, marking the company’s sixth consecutive quarter of record AUM. Ending AUM increased 6.7% from $152.6 billion at the end of the first quarter.
The increase reflected the acquisition of Atlantic House, market appreciation, and $3.1 billion of net inflows.
Inflows were generated across the United States and Europe.
Commodity, international developed equity, and U.S. equity products were the primary contributors, partly offset by withdrawals from leveraged and inverse products.
WisdomTree reported a 13% annualized organic flow rate.
Average AUM reached $164.2 billion, compared with $154.7 billion during the first quarter and approximately $119 billion during the prior-year quarter.
The average advisory fee remained unchanged sequentially at 0.36%.
Revenue yield increased one basis point to 0.43%, reflecting revenue generated by the Atlantic House acquisition.
Operating revenue increased 11.1% sequentially to $177.2 million.
The improvement reflected higher average assets, the Atlantic House acquisition, performance fees, and additional revenue from WisdomTree’s European exchange-traded products.
Net income reached $44.3 million, compared with a $23.1 million loss during the first quarter.
Adjusted net income was $48.1 million, while diluted EPS reached $0.28 and adjusted diluted EPS was $0.31.
Quarterly operating margin expanded to 40.5%, while adjusted operating margin reached 42.6%.
Both measures improved 330 basis points sequentially because revenue growth and lower acquisition-related costs more than offset additional intangible-asset amortization.
For the first six months, reported operating margin increased 780 basis points to 39%.
Adjusted operating margin expanded 900 basis points to 41.1%.
The year-over-year improvement reflected higher revenue, including contributions from Ceres, partly offset by additional amortization and third-party distribution costs.
WisdomTree’s growth is increasingly extending beyond its traditional exchange-traded fund business.
The company now operates across ETFs, private markets, liquid alternatives, and tokenized financial infrastructure.
The Atlantic House acquisition added liquid-alternative capabilities, while Ceres expanded WisdomTree’s presence in private markets.
The company also took significant steps to reduce potential dilution from convertible securities.
WisdomTree paid $207.5 million to retire $126.9 million in principal amount of convertible notes.
The retired notes carried conversion prices of $11.04 and $11.82, compared with the company’s average common-stock repurchase price of $17.40 during the quarter.
WisdomTree separately repurchased approximately 1.5 million shares for $25.9 million.
The company also declared a quarterly dividend of $0.03 per share.
Record AUM increases the asset base on which WisdomTree can earn advisory and other fees.
The combination of a 13% organic flow rate, rising revenue yield, and operating-margin expansion shows that the company is generating both scale and improved profitability from its broader platform.
KEY QUOTES:
“Our sixth consecutive quarter of record assets under management reflects momentum that is broad-based across regions, asset classes and client segments, not dependent on any single product, market or geography.”
Jarrett Lilien, President And Chief Operating Officer Of WisdomTree
“We’ve evolved from an ETF pioneer into a modern global asset manager spanning ETFs, private markets, liquid alternatives and tokenized financial infrastructure.”
Jonathan Steinberg, Chief Executive Officer Of WisdomTree
