Wealthfront (WLTH) Operating Expenses (2024 - 2026)
Wealthfront (WLTH) reported Operating Expenses of $75.09 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 44.8% from $51.84 million a year earlier but down 1.1% from the prior quarter.
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Analysis
Wealthfront (WLTH) Operating Expenses (2024 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Wealthfront's Operating Expenses came in at $523.46 million, up 153.6% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $476.16 million, up 154.1% from FY2025.
- By fiscal year, Operating Expenses came in at $187.39 million in FY2025 (+38.7%) and $135.14 million in FY2024.
- Five-year quarterly Operating Expenses spans a low of $50.93 million in fiscal Q3 2025 and a high of $310.66 million in fiscal Q4 2026.
- Year over year, Operating Expenses has now increased in each of the last four quarters, with growth averaging 153.1% over the last four quarters.
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at $75.94 million (Q1 2027), $310.66 million (Q4 2026) and $61.78 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 166.01 Bn | 112.36 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 133.03 Bn | -424.98 Bn | - | 149.76 Mn |
| 3 | Blackstone | 86.20 Bn | 81.13 Bn | - | 2.38 Bn |
| 4 | Kkr | 83.71 Bn | 50.19 Bn | - | 5.41 Bn |
| 5 | Brookfield | 81.54 Bn | -83.85 Bn | 4.47 Bn | 14.94 Bn |
| 6 | Brookfield Asset Management | 71.09 Bn | 67.34 Bn | - | 659.00 Mn |
| 7 | Apollo Global Management | 68.54 Bn | 6.22 Bn | 10.56 Bn | 8.74 Bn |
| 8 | Wheaton Precious Metals | 61.57 Bn | 57.00 Bn | 687.86 Mn | 133.83 Mn |
| 9 | Franco Nevada | 47.40 Bn | 44.76 Bn | 451.00 Mn | 7.80 Mn |
| 10 | Wealthfront | 1.51 Bn | -81.02 Mn | 81.11 Mn | 75.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 75.09 Mn |
| Apr 30, 2026 | 75.94 Mn |
| Jan 31, 2026 | 310.66 Mn |
| Oct 31, 2025 | 61.78 Mn |
| Jul 31, 2025 | 51.84 Mn |
| Apr 30, 2025 | 51.88 Mn |
| Jan 31, 2025 | 51.78 Mn |
| Oct 31, 2024 | 50.93 Mn |
API Access
Wealthfront Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=WLTH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "WLTH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=WLTH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();