| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 640.70 | 17.6% | 29.9% |
| Total Income | 640.70 | 17.6% | 29.9% |
| Expenditure | 384.80 | 0.8% | 3.1% |
| PBT | 307.40 | 59.4% | 79.1% |
| Net Profit | 185.90 | 68.4% | 120.5% |
| OPM | — | ||
| NPM | 29.02% | 8.75pp | 11.92pp |
| EPS | 7.05 | 71.1% | 138.2% |
AMG Reports Q2 2026 Results: Economic EPS Up 54% to $8.29, AUM Reaches Record $942 Billion
30 Jul 2026 · 30 Jul, 4:46 pm
Summary
Affiliated Managers Group, Inc. announced strong financial and operating results for the second quarter and first half of 2026, highlighted by record AUM of $942 billion and a 54% year-over-year increase in Economic EPS to $8.29. The company reported consolidated revenue of $640.7 million for the quarter, up from $493.2 million in Q2 2025, and Adjusted EBITDA grew 44% to $316.0 million. Management noted the significant growth in alternative strategies, which drove record net inflows and contributed to the evolution of AMG's earnings profile.
Key Highlights
- 1
Affiliated Managers Group, Inc. reported record Assets Under Management (AUM) of $942 billion as of June 30, 2026.
- 2
Economic EPS increased by 54% year-over-year to $8.29 in the second quarter of 2026.
- 3
Net client cash flows for the second quarter of 2026 were approximately $13 billion, with record alternative net inflows of $29 billion.
- 4
Adjusted EBITDA (controlling interest) grew by 44% year-over-year to $316.0 million for the three months ended June 30, 2026.
- 5
Consolidated revenue for the second quarter of 2026 was $640.7 million, a significant increase from $493.2 million in the prior year period.
- 6
The company repurchased approximately $189 million in common stock during the second quarter of 2026, totaling $375 million for the first half of the year.
- 7
Net income (controlling interest) for the second quarter of 2026 was $185.9 million, compared to $84.3 million in the same period of 2025.
Management Comments
Jay C. Horgen
AMG delivered another quarter of excellent results, with year-over-year growth in Adjusted EBITDA and Economic earnings per share of 44% and 54%, respectively. Net client cash flows of approximately $13 billion in the quarter, and more than $35 billion in the year to date, reflect the ongoing strength in alternative strategies, which generated net inflows of approximately $29 billion in the quarter and approximately $58 billion in the first half. The momentum across our business highlights the successful execution of our strategy and the evolution of our earnings profile, as sustained organic growth in alternative strategies continues to increase their contribution to AMG’s earnings. More broadly, over the last 12 months, our assets under management have increased by approximately $171 billion, or 22%, including approximately $69 billion from growth investments in new Affiliates and approximately $56 billion in net client cash flows. Looking ahead, we see increasing opportunities to invest in growth through both new and existing Affiliates, further expanding our participation in areas of secular demand and enhancing our long-term prospects. Given the strength of our business, our increasing cash flow generation, flexible capital position, and distinct competitive advantages — including our worldwide reputation as a collaborative strategic partner to the highest-quality independent firms — we are uniquely positioned to capitalize on attractive growth opportunities, drive durable earnings growth, and create meaningful long-term value for our shareholders.
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