AMG Earnings Reports

Affiliated Managers Group (AMG) delivered a solid Q3 2025 with significant growth in net income and adjusted EBITDA, propelled by $9 billion in net inflows and performance from alternative investments.

AMG delivered a strong second quarter in 2025, with a 15% increase in Economic Earnings per share year-over-year and significant positive net client cash flows of over $8 billion, primarily driven by strong performance in private markets and liquid alternatives. The company also expanded its private markets presence through a new partnership with Montefiore Investment.

AMG reported Economic Earnings per share of $5.20 in the first quarter of 2025, reflecting the ongoing evolution of its business and the positive impact of its disciplined capital allocation strategy. The company announced three new partnerships in alternative strategies and repurchased approximately $173 million in common stock.

AMG reported financial results for Q4 and full year 2024, with Q4 EPS at $4.92 and Economic EPS at $6.53. The company invested in NorthBridge Partners, expanding its private markets exposure.

AMG reported EPS of $3.78 and Economic EPS of $4.82 for Q3 2024. The company's net income was $124 million, and Economic Net Income was $153 million. AMG repurchased $103 million in common stock during the quarter and $580 million year-to-date. Dedicated private markets Affiliates raised approximately $7 billion in the quarter.

AMG reported positive net client cash flows and Economic Earnings per share of $4.67. The company repurchased $327 million in common stock, bringing total share repurchases to $477 million in the first half of the year. As of June 30, 2024, AMG’s aggregate assets under management were approximately $701 billion.

AMG reported first quarter EPS of $4.14 and Economic EPS of $5.37. Net Income (controlling interest) was $150 million, and Economic Net Income (controlling interest) was $187 million. Economic Earnings per share increased 28% year-over-year, driven by strong business momentum and the positive impact of the capital allocation strategy. The company issued $450 million of 40-year junior hybrid debt and repurchased approximately $150 million in common stock.

AMG's Q4 2023 results reflect a disciplined execution of their strategy, including capital allocation to high-growth areas. The company reported EPS of $5.15 and Economic EPS of $6.86. AMG continues to diversify its business with investments in secular growth areas, welcoming two new private markets Affiliates, Forbion and Ara Partners.

AMG reported Economic Earnings per share of $4.08 for Q3 2023, driven by disciplined capital allocation across growth investments and share repurchases. Recent investments in Ara Partners and Forbion have expanded AMG's private markets Affiliates, which now manage over $100 billion in aggregate client assets. AMG's Affiliates manage approximately $230 billion in alternatives, offering diversifying return streams.

AMG reported a 10% increase in Economic Earnings per share year-over-year, driven by disciplined capital allocation. The company announced a partnership with Forbion, expanding its presence in private markets and life sciences. AMG's capital position will be further enhanced by the proceeds from the Veritable transaction.

AMG reported Economic Earnings per share of $4.18 for the first quarter, reflecting a unique business profile and the positive impact of their capital allocation strategy. The company's Affiliates are positioned to benefit as clients adjust their portfolio allocations. AMG is confident in their ability to create long-term shareholder value through strategic partnerships and disciplined capital allocation.

AMG's Q4 2022 results showed a net income of $777.8 million, which includes a $576 million gain on the BPEA transaction. The company's EPS was reported as $17.40, and Economic EPS was $7.28. AMG repurchased $130 million in common stock during the quarter.

AMG's Economic Earnings per share grew 5% year-over-year. Net client cash flows improved, with strong inflows in alternative strategies. The company invested in a leading communications infrastructure firm and the sale of its minority interest in Baring Private Equity Asia significantly enhances its financial flexibility.

AMG reported Economic Earnings per share of $4.03 for the second quarter, which is in line with the year-ago quarter. Net client cash flows were driven by client de-risking, particularly within global equities, offsetting continued strength in liquid and illiquid alternatives and ESG strategies.

AMG reported strong results in Q1 2022, with a 9% growth in Economic Earnings per Share. The company's net client cash flows reflected strength in alternative and ESG strategies, and excluding certain quantitative strategies, were positive for the quarter. A strategic combination of BPEA with EQT was announced, and an additional investment was made in Systematica Investments.

AMG reported excellent results in Q4 2021, with positive client cash flows and significant net inflows in liquid and illiquid alternative strategies. The company's strategic business evolution toward secular growth areas, along with successful execution on growth strategies, positions it well for future growth.

AMG reported a 26% growth in Adjusted EBITDA compared to the previous year's quarter, driven by Affiliate investment performance and new investments. Net client cash flows were positive, reflecting strong demand for both private market and liquid alternative strategies.

AMG's Q2 2021 results showed a 40% growth in Adjusted EBITDA and a 47% increase in Economic earnings per share compared to the previous year. Net client cash flows were positive, excluding certain quantitative strategies, with strength in private markets, specialty fixed income, ESG, and U.S. equity strategies. The company also announced a partnership with Parnassus Investments and completed the evolution of its U.S. wealth distribution platform.

AMG reported a strong first quarter in 2021, with a 23% increase in Adjusted EBITDA and a 35% increase in Economic earnings per share. The company saw positive net client cash flows excluding certain quantitative strategies, driven by strength in private markets, specialty fixed income, wealth management, and ESG strategies. AMG invested in OCP Asia and evolved its U.S. wealth distribution platform.

AMG's Q4 2020 Adjusted EBITDA increased by 27% year-over-year, driven by strong investment performance and strategic investments. The company repurchased $226 million in shares during the quarter and completed investments in Boston Common Asset Management and Jackson Square Partners.

AMG reported third quarter Adjusted EBITDA of $181 million, representing 12% quarter-over-quarter growth. The company repurchased approximately $85 million in common stock and issued $275 million 40-year hybrid bond.

Affiliated Managers Group (AMG) reported its financial results for Q2 2020. The company reported Economic earnings per share of $2.74. Net client cash flows were affected by performance headwinds in quantitative strategies, offsetting organic growth in other areas. AMG continues to position its business for growth and create shareholder value.

AMG reported a net loss of $15.6 million, and a loss per share of $0.33. Economic EPS was $3.16. The company focused on addressing the COVID-19 pandemic, executed its long-term growth strategy, and capitalized on balance sheet strength by repurchasing $70 million in common stock.

AMG reported Economic earnings per share of $4.52 and year-over-year EBITDA growth of 5%, reflecting strong Affiliate investment performance and related performance fees. Net client cash flows of ($11.3) billion were driven primarily by certain quantitative strategies and seasonal client redemptions.