Index: src/wp-includes/user.php
===================================================================
--- src/wp-includes/user.php	(revision 54869)
+++ src/wp-includes/user.php	(working copy)
@@ -3710,7 +3710,7 @@
 		$content = apply_filters( 'new_user_email_content', $email_text, $new_user_email );
 
 		$content = str_replace( '###USERNAME###', $current_user->user_login, $content );
-		$content = str_replace( '###ADMIN_URL###', esc_url( admin_url( 'profile.php?newuseremail=' . $hash ) ), $content );
+		$content = str_replace( '###ADMIN_URL###', esc_url( self_admin_url( 'profile.php?newuseremail=' . $hash ) ), $content );
 		$content = str_replace( '###EMAIL###', $_POST['email'], $content );
 		$content = str_replace( '###SITENAME###', $sitename, $content );
 		$content = str_replace( '###SITEURL###', home_url(), $content );