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Mar 31, 2024
WisdomTree Investments Inc Q1 2024 Earnings Report
Reported record AUM, significant net inflows, and operating margin expansion, driving increased earnings per share.
Key Takeaways
WisdomTree reported a strong start to the year with record AUM of $107.2 billion, nearly $2 billion in net inflows, and an 820 basis points expansion in adjusted operating margin. This performance led to a 71% increase in earnings per share compared to the first quarter of last year.
Record AUM of $107.2 billion, an increase of 7.1% from the prior quarter.
Net inflows of $2.0 billion, primarily driven by international developed equity and U.S. equity products.
Operating revenues increased by 6.6% from the prior quarter due to higher average AUM, reaching $96.8 million.
Diluted earnings per share of $0.13 ($0.12, as Adjusted).
Forward Guidance
WisdomTree expects its momentum to continue, driven by key initiatives such as traction in its ETP lineup, an expanding models footprint, and leadership in the secular shift toward tokenization of financial assets. The company is optimistic about organic growth, margin expansion, and leading the industry's evolution in tokenized assets and blockchain-enabled finance.
Positive Outlook
- Continued traction in ETP lineup.
- Expanding models footprint.
- Leadership in tokenization of financial assets.
- Strong operating margin expansion and earnings growth.
- Confidence in the company's strategy, products, team, and culture.
Challenges Ahead
- General economic conditions.
- Currency exchange rate fluctuations.
- Risks associated with the business.
- Uncertainties related to future financial performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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