Q1 2026 WisdomTree Inc Earnings Call Transcript
Key Points
- WisdomTree Inc (WT) achieved a record $152.6 billion in assets under management (AUM), marking the fifth consecutive quarter of record AUM.
- The company generated $5.9 billion in net inflows globally, with significant contributions from international equity exposures and fixed income products.
- The acquisition of Atlantic House is expected to increase overall revenue yield by almost 2 basis points and enhance product capabilities and distribution footprint across Europe.
- Revenues increased by 48% from the prior year quarter, driven by higher AUM and growth in other revenues.
- The adjusted operating margin expanded by 770 basis points compared to the prior year quarter, reflecting improved efficiency and profitability.
- The acquisition of Atlantic House carries a modestly higher compensation ratio, which may impact the compensation to revenue ratio.
- Interest expense is forecasted to be approximately $53 million for the year, reflecting the current capital structure and anticipated retirement of notes.
- The adjusted tax rate is expected to increase to approximately 24% to 25%, reflecting the addition of Atlantic House.
- The inclusion of Atlantic House will increase discretionary spending guidance by $3 million.
- There is variability and volatility in other revenues, particularly tied to European commodity products, which could impact future revenue growth.
Greetings, and welcome to the WisdomTree Q1 2026 earnings call. (Operator Instructions) Please note, this conference is being recorded.
I will now turn the conference over to Jessica Zaloom, Head of Corporate Communications. Thank you, Jessica. You may begin.
Good morning. Before we begin, I would like to reference our legal disclaimer available in today's presentation. This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
A number of factors could cause actual results to differ materially from the results discussed in forward-looking statements, including, but not limited to, the risks set forth in this presentation, in the Risk Factors section of WisdomTree's annual report on Form 10-K for the year ended December 31, 2025, and in subsequent reports filed with or furnished to the Securities and Exchange Commission. WisdomTree assumes no duty and does not undertake to update any forward-looking
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