The strong beat on both revenue and adjusted EPS, combined with accelerating organic flow growth (13% annualized) and significant margin expansion, signals accelerating business momentum. Monitor the earnings call for guidance on Atlantic House integration and flow sustainability. The aggressive debt reduction and share repurchase program also support the bull case.
Price Chart
Executive Summary
WisdomTree reported Q2 2026 results with record AUM of $162.9B, operating revenues of $177.2M (+57.3% YoY), and adjusted diluted EPS of $0.31, beating the $0.26 consensus by 19.2%. The quarter featured $3.1B in net inflows, a 13% annualized organic flow growth rate, and 780 bps of YoY operating margin expansion (GAAP). The company also completed the Atlantic House acquisition, retired $126.9M in convertible notes, and repurchased $25.9M in stock. The strong beat on both revenue and adjusted EPS, combined with accelerating organic growth and margin expansion, supports a bullish read-through despite elevated interest expense and acquisition-related costs.
Key Financial Metrics
Key Facts
- Record AUM of $162.9 billion, up 6.7% QoQ
- Operating revenues of $177.2M, up 57.3% YoY and 11.1% QoQ
- Adjusted diluted EPS of $0.31 vs $0.26 consensus (19.2% beat)
- Net inflows of $3.1B; 13% annualized organic flow growth rate
- GAAP operating margin expanded 780 bps YoY to 40.5%; adjusted margin 42.6%
- Completed Atlantic House acquisition (~$5.5B AUM) in May 2026
- Retired $126.9M aggregate principal of convertible notes for $207.5M cash
- Repurchased $25.9M of common stock (~1.5M shares at avg $17.40)
- Quarterly dividend of $0.03 declared
Financial Impact
Revenue beat consensus by ~$6.6M (3.9%); adjusted EPS beat by $0.05 (19.2%); AUM grew $10.4B QoQ to record $162.9B
Risk Factors
- Interest expense increased 170.5% YoY due to higher debt outstanding and rates
- Operating expenses rose 35.1% YoY, outpacing revenue growth on an absolute basis
- Contingent consideration from Ceres acquisition increased to $15.8M, creating future liability uncertainty
- Digital assets AUM declined 12.2% QoQ to $761M
- GAAP net income for H1 2026 was only $21.2M due to large convertible note repurchase losses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001214659-26-009324 |
| Document: z7282648k.htm | 0001214659-26-009324 |
| Document: 0001214659-26-009324-index-headers.html | 0001214659-26-009324 |
| Document: 0001214659-26-009324-index.html | 0001214659-26-009324 |
| Document: 0001214659-26-009324.txt | 0001214659-26-009324 |
| 8-K Data (Synthetic) | 0001214659-26-009324 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 9w ago | 8-K | $19.37 $24.43 | ▲ +26.12% | ▲ +23.14% | $24.38 (+25.86%) |
May 21, 2026 19w ago | Insider Cluster | $19.08 $18.59 | ▼ −2.57% | ▼ −1.15% | $24.38 (+27.78%) |
Feb 25, 2026 31w ago | Insider Cluster | $17.31 $15.00 | ▼ −13.34% | ▼ −8.11% | $24.38 (+40.84%) |
US Market Status
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