Record AUM of $107.2 Billion
870bps of Operating Margin Expansion vs. Q1 2023
Diluted Earnings Per Share of $0.13 ($0.12, as Adjusted)
NEW YORK–(BUSINESS WIRE)–WisdomTree, Inc. (NYSE: WT), a global financial innovator, today reported financial results for the first quarter of 2024.
$22.1 million of net income ($20.3(1) million of net income, as adjusted), see “Non-GAAP Financial Measurements” for additional information.
$107.2 billion of ending AUM, an increase of 7.1% from the prior quarter arising from market appreciation and net inflows.
$2.0 billion of net inflows, primarily driven by inflows into our international developed equity and U.S. equity products.
0.36% average advisory fee, unchanged from the prior quarter.
$96.8 million of operating revenues, an increase of 6.6% from the prior quarter primarily due to higher average AUM.
79.4% gross margin(1), a 0.3 point decrease from the prior quarter due to higher fund costs.
28.9% operating income margi
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