At a glance
WisdomTree Inc. is worth $3.23B, about 28 times its fiscal 2025 earnings. Revenue grew 15.4% to $493.8M in fiscal 2025, with 22.1% kept as profit. It pays a 0.56% dividend yield, and returned $302.4M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +77.1% over the past year with dividends reinvested, against +11.5% for the S&P 500.
The business in plain English
WisdomTree, Inc. sponsors exchange-traded products, or ETPs. These are funds and similar securities that trade on a stock exchange like a share. Its lineup spans stocks, bonds, commodities such as gold, currencies, cryptocurrency, leveraged-and-inverse funds, alternatives and private assets. It pioneered “Modern Alpha,” a way of weighting fund holdings that aims to pair the chance of beating the market with index-fund costs. As of December 31, 2025, it managed about $144.5 billion and ranked 15th among ETP sponsors worldwide.
Most revenue comes from fees charged as a percentage of the money in its funds, so revenue rises and falls with asset levels. In 2025, advisory fees were $440.0 million, or 89.1% of $493.8 million in total revenue. It distributes its funds through banks, brokerage firms, registered investment advisers, private wealth managers, institutions and online brokers. It also offers advisers model portfolios and practice tools.
U.S.-listed exchange-traded funds (ETFs) held $88.5 billion at the end of 2025, and European-listed products held $53.5 billion. The United States produced 61.5% of 2025 revenue. Jersey and Ireland, home to its European operations, produced 31.3% and 7.2%. Newer lines remain small. Ceres, acquired October 1, 2025, held $1.9 billion in farmland. Digital assets came to $0.8 billion, mostly the WisdomTree Treasury Money Market Digital Fund, whose shares are recorded on a blockchain.
Price history
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WT +77.1% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Advisory fees | $440.0M | 89.1% |
| Other revenues | $41.8M | 8.5% |
| Performance fees | $7.1M | 1.4% |
| Management fees | $4.9M | 1% |
By geography
| United States | $303.7M | 61.5% |
| Jersey | $154.5M | 31.3% |
| Ireland | $35.6M | 7.2% |
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $177.2M, up 57.3% from a year earlier, and net income was $44.3M (+78.7%).
- For fiscal 2025, revenue was $493.8M (+15.4% year over year) with a 22.1% net margin.
Financial health check
| Return on equity | 26.4% good |
|---|---|
| Net income / revenue | 22.1% watch |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | — | $-35.7M | — |
| FY2021 | $304.3M | $49.8M | — |
| FY2022 | $301.3M | $50.7M | — |
| FY2023 | $349.0M | $102.5M | — |
| FY2024 | $427.7M | $66.7M | — |
| FY2025 | $493.8M | $109.1M | — |
Valuation snapshot
| Market value | $3.23B |
|---|---|
| P/E ratio | 28.4 |
| Dividend yield | 0.56% |
Rank among 1514 US companies
Market value at each year end
WisdomTree’s market value went from $798.5M at the end of 2022 to $3.23B on Oct 28, 2026, about 4.0 times as much; since the end of 2025 it is up 88%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $3.23B | +88.4% |
| 2025 | $1.72B | +11.8% |
| 2024 | $1.53B | +47.3% |
| 2023 | $1.04B | +30.5% |
| 2022 | $798.5M |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| WT price data to Oct 28, 2026 | +75.8% | +77.1% | +52.6% | — | — |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +75.8% |
| 2025 | +17.4% |
| 2024 | +53.5% |
| 2023 | +29.6% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 6 open-market purchases ($3K) and 5 sales ($4.0M), 3 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| May 19, 2026 | Peter M Ziemba Chief Administrative Officer | sell | $1.9M |
| Sep 9, 2026 | R Jarrett Lilien President and COO | sell (plan) | $737K |
| May 20, 2026 | R Jarrett Lilien President and COO | sell (plan) | $570K |
| Feb 25, 2026 | R Jarrett Lilien President and COO | sell (plan) | $505K |
| May 5, 2026 | David M Yates Chief Information Officer | sell | $271K |
Who owns it
Large shareholders (13G filings)
| Invesco Ltd. | 6.6% | Jun 30, 2026 |
| Vanguard Portfolio Management | 5.75% | Mar 31, 2026 |
| Wellington Management Group LLP | 5.5% | Jun 30, 2026 |
| Azora Capital LP | 4.8% | Jun 30, 2025 |
| ETFS Capital Limited. | 3.6% | Aug 20, 2025 |
| FMR LLC | 3.2% | Sep 30, 2026 |
ETFs with the most weight in WT
| GABF Gabelli Financial Services Opportunities ETF | 3% |
| BCDF Horizon Kinetics Blockchain Development ETF | 2.84% |
| KCE SPDR S&P Capital Markets ETF | 1.72% |
| RZG Invesco S&P SmallCap 600® Pure Growth ETF | 0.67% |
| FYC First Trust Small Cap Growth AlphaDEX Fund | 0.37% |
| PSCF Invesco S&P SmallCap Financials ETF | 0.3% |
| AFSM First Trust Active Factor Small Cap ETF | 0.24% |
| XSMO Invesco S&P SmallCap Momentum ETF | 0.23% |
What could go wrong
- Gold price swings hit commodity products. WisdomTree sponsors commodity products, including exchange-traded commodities backed by physical precious metals that HSBC and JP Morgan hold. Falling gold prices or weaker investor demand for gold could shrink assets and fees.
- Farmland business adds unfamiliar risks. The October 1, 2025 purchase of Ceres took WisdomTree into farmland. Its results depend on crop prices, tenant farmers' profits, farm policy, environmental liabilities, keeping Ceres' key staff and smooth integration.
- Revenue leans on a few funds. A substantial portion of revenue comes from a limited number of products. If investors lose interest in those strategies or the funds lag, revenue could drop sharply. Big withdrawals by large holders would hurt too.
- Sizable debt, including convertible notes. Total debt was about $1.08 billion as of June 30, 2026, against $295 million of cash and investments. Settling convertible notes (bonds that can turn into shares) could strain cash or dilute existing shareholders.
- Much larger rivals can squeeze fees. WisdomTree ranked 15th among exchange-traded product (ETP) sponsors worldwide by assets at December 31, 2025, far behind iShares and Vanguard. Intense competition could pressure fees; its average advisory fee already fell in 2025.
- Market drops hit fees and the stock. Advisory fees, charged as a share of assets, were 89% of 2025 revenue, so falling markets cut income. The stock is volatile, with a 36.9% peak-to-trough drop in the three years to October 28, 2026.
Recent events
- Quarterly results released; Other company announcement
- Quarterly results released; Other company announcement
- Shareholder vote results
- Other company announcement
- Major agreement signed; Acquisition or sale of assets completed; Quarterly results released; Investor presentation or announcement; Other company announcement
- Major agreement signed; New debt or financial obligation
- Unregistered sale of shares; Other company announcement
- Other company announcement
- Major agreement signed; Investor presentation or announcement
- Quarterly results released; Other company announcement
For income and retirement investors
WisdomTree pays a small dividend that has not grown: $0.12 per share in every year from 2020 through 2025. In 2025, dividends paid equaled 15.9% of earnings, and the yield was 0.56% as of October 28, 2026. Buybacks (repurchases of its own shares) have been bigger: $207.1 million from 2021 through 2025, including $102.7 million in 2025, against $95.3 million in dividends. Even so, the share count rose 4.4% between October 2021 and August 2026. For an income investor, most of any return would have to come from the share price.
The share price history here covers about four years to October 28, 2026, so it misses the 2008 financial crisis, the 2020 COVID crash and the 2022 bear market. Within it, the deepest fall from a peak was 36.9%. In the year to October 28, 2026, the stock moved about 1.6 times as much as the overall market. Single stocks carry more risk than diversified funds.