WisdomTree Q3 Net Income More Than Doubles as Onchain Inflows Reach $509 Million

WisdomTree’s third-quarter net income more than doubled to $49.216 million for the quarter ended Sept. 30 as the asset manager drew $4.622 billion in inflows, including $509 million for its onchain products.

Net income climbed from $19.701 million in the third quarter of 2025, while diluted earnings per share rose to $0.32 from $0.13. Operating revenue rose 42.8% year over year to $179.375 million, against $125.616 million a year earlier.

Revenue growth reflected higher average assets under management and advisory fees, revenue tied to the Ceres and Atlantic House acquisitions, and increased other revenue from European-listed exchange-traded products. Operating expenses rose 31.6%, with higher incentive compensation and headcount, fund management and administration expenses, acquisition-related amortization and third-party distribution fees contributing to the rise.

Assets under management totaled $170.985 billion at quarter-end, up 5% from June 30, reflecting inflows and market appreciation. Quarterly net inflows reached $4.622 billion, driven mainly by fixed-income, commodity and U.S. equity products. Through September, net inflows exceeded $13.6 billion, a 13% annualized organic growth rate.

Third-quarter operating margin was 41.3%, compared with 36.3% a year earlier. For the first nine months, operating margin was 39.8%, up 680 basis points year over year, while adjusted operating margin was 41.8%, up 750 basis points. The average advisory fee remained 0.36% from the prior quarter; revenue yield fell one basis point to 0.42% as European transaction and performance fees declined. President and Chief Operating Officer Jarrett Lilien said organic growth and operating discipline were “driving significant operating leverage and margin expansion.”

Onchain products drew $509 million in third-quarter inflows, included in total quarterly net inflows, and ended September with $1.273 billion in assets. Tokenized assets rose 65% year to date, nearing $1.3 billion. WisdomTree introduced the WisdomTree Onchain name for its tokenized funds, infrastructure and investor platforms on Sept. 29.

Separate agreements outline plans to make the WisdomTree Treasury Money Market Digital Fund (WTGXX) available through MoonPay to eligible U.S. investors and through BitGo Mint to eligible institutional clients.