A Message from WisdomTree Founder & CEO
Turning Growth Into Momentum: WisdomTree’s Standout 2025
January 30, 2026
2025 was a breakout year for WisdomTree; it didn’t just deliver strong numbers, but proved out the foundation we’ve been building for years. In a volatile market, we kept our focus clear: deliver consistent growth, stay disciplined, and build for the long term.
And it worked.
We delivered $8.5 billion in net inflows, translating to 8% organic growth. That’s well ahead of most of our peers. More importantly, this growth held steady through a volatile, often contradictory market backdrop. Despite rate uncertainty, equity rotations, and sentiment swings, WisdomTree kept growing.
Profitability followed suit. Q4 2025 adjusted earnings per share (EPS) increased 71% compared to Q4 2024, while total yearly earnings rose 34% compared to 2024. Our operating margins expanded by nearly 300 basis points, powered by a combination of expense discipline and targeted growth investment. That balance — investing while improving margins — is one of our key differentiators.
We also continue to see real strength in key parts of the business.
Our metals strategies, both physical and overlay products, had a standout year, with more than $1 billion in net inflows and 83% assets under management (AUM) growth across this product suite. This was a result of global demand as more investors turned to real assets as inflation-sensitive, diversifying exposures. Metals now represent over 25% of WisdomTree’s AUM — a clear signal that this trend has staying power.
In Europe, years of investment are now driving real returns. What started as a diversification play has turned into a major growth engine. The WisdomTree Europe Defense Fund (WDEF) was one of the most successful launches in our firm’s history and one of the top-performing new funds industry-wide last year. But Europe’s growth story isn’t about one product; it’s about a platform that’s scaled, innovated, and delivered consistently.
Across the board, product development continues to be a strength. We launched over 30 new strategies in 2025, spanning European defense, rare earths, quantum computing, nuclear energy, and other emerging themes. These launches aren’t just timely; they’re durable, and they reinforce our ability to stay ahead of where the market is going.
Our Portfolio Solutions business — including models and separately managed accounts (SMAs) — continues to build momentum. Our model assets under advisement (AUA) grew to over $6 billion, up from $3.8 billion at the end of 2024. This growth came from both new clients and deeper engagement from existing ones, including strong adoption of custom mandates that helped drive enduring relationships.
And through our SMA platform collaboration with Quorus, we’re unlocking a more complex, advisor-driven opportunity set. These tools are embedding WisdomTree more deeply into advisor workflows, shifting the conversation from product selection to portfolio construction, where we can deliver even more value.
We also made a major leap in digital assets. We’ve moved from infrastructure build-out to early monetization. By year-end, tokenized AUM reached $770 million, up from essentially zero just 12 months prior. Our institutional platform, WisdomTree Connect™, grew from four onboarded institutions to 29. Now, more than 3,500 wallets hold WisdomTree tokenized real-world assets (RWA). These numbers reflect real adoption and the early shape of a category where we’ve been building with purpose.
In private markets, our acquisition of Ceres Partners gave us a new long-duration, diversifying revenue stream. In Q4 2025, we saw net inflows, an early signal of traction with annualized organic growth around 8% since closing the acquisition in October. The acquisition has positioned us to serve new client needs in a changing market.
As we step into 2026, we’re seeing growth from multiple engines, and that’s what creates staying power.
- Our ETF platform continues to deliver consistent, organic growth.
- Europe has scaled into a consistent contributor.
- Models and SMAs are embedding deeper into advisor workflows.
- Tokenization is driving real usage.
- And private markets are expanding our reach and revenue mix.
And already this year, we’re seeing that momentum continue. As of today, firm-wide AUM is approximately $160 billion, up meaningfully from where we ended 2025.
We’ve said this before: we’re building something durable — something that compounds. And now you can see it: the foundation is built, our strategy is working, and this growth is real.
WisdomTree’s next chapter is underway, and we are confident about what comes next.
— Jonathan Steinberg
Chief Executive Officer, WisdomTree