| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 528.00 | 7.1% | 2.3% |
| Total Income | 528.00 | 7.1% | 2.3% |
| Expenditure | 244.00 | 34.6% | 32.5% |
| PBT | 362.50 | 111.3% | 67.0% |
| Net Profit | 212.40 | 152.0% | 71.8% |
| OPM | — | ||
| NPM | 40.23% | 23.14pp | 16.29pp |
| EPS | 7.47 | 152.4% | 81.8% |
AMG Reports Q3 2025 Diluted EPS of $6.87 and Economic EPS of $6.10
04 May 2026 · 4 May, 8:17 am
Summary
Affiliated Managers Group (AMG) reported its financial and operating results for the third quarter and nine months ended September 30, 2025. The company's diluted EPS was $6.87, and Economic EPS was $6.10 for the quarter. AMG experienced net client cash inflows of approximately $9 billion in the third quarter and approximately $17 billion year-to-date, driven by alternative strategies. The company's strategic collaboration with BBH enhances AMG’s position as a leading sponsor of alternative strategies for the U.S. wealth marketplace.
Key Highlights
- 1
AMG reported diluted EPS of $6.87 and Economic EPS of $6.10 in the third quarter of 2025.
- 2
Net client cash inflows were approximately $9 billion in the third quarter and approximately $17 billion year-to-date.
- 3
Net income (controlling interest) reached $212 million, including a gain of approximately $100 million on the Peppertree transaction.
- 4
Economic Earnings per share grew by 27% in the third quarter compared to the prior-year quarter.
- 5
The company repurchased approximately $77 million in common stock during the third quarter, bringing the year-to-date total to approximately $350 million.
- 6
AUM reached $803.6 billion as of September 30, 2025.
- 7
Adjusted EBITDA (controlling interest) increased by 17% YoY to $250.9 million in Q3 2025.
Management Comments
Jay C. Horgen
“AMG generated excellent results in the third quarter, with growth of 17% in Adjusted EBITDA relative to the prior-year quarter, driven by the successful execution of our strategy, including most notably our focus on increasing AMG’s exposure to alternative strategies, and growth of 27% in Economic Earnings per share, reflecting the additional positive impact of our disciplined capital allocation strategy. Ongoing strong client demand for our Affiliates’ alternative strategies drove approximately $9 billion in net inflows in the quarter, and approximately $17 billion in the year to date, further accelerating the evolution of our business profile. “We continue to actively expand AMG’s participation in areas of secular growth. In addition to the four new partnerships with firms managing alternative strategies announced since the beginning of the year, we recently announced a strategic collaboration with BBH, and a related investment in its subsidiary BBH Credit Partners, to develop new products for the U.S. wealth marketplace leveraging BBH’s industry-leading structured and alternative credit investment expertise and AMG’s product development and distribution capabilities. Our collaboration with BBH highlights the value of AMG’s proven capital formation capabilities in the wealth channel and enhances our position as a leading sponsor of alternative strategies for the U.S. wealth market. Looking ahead, we see increasing opportunities to invest in growth and enhance our long-term growth prospects. “Given the growing cash flow generation of our business; our excellent capital position, further enhanced by the proceeds from recent Affiliate transactions; and our distinct competitive advantages, we have an outstanding opportunity to drive additional earnings growth and create meaningful long-term value for our shareholders.”
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