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Jun 30
AMG Q2 2025 Earnings Report
AMG reported its financial and operating results for the second quarter and six months ended June 30, 2025, showing growth in Economic Earnings per share and positive net client cash flows.
Key Takeaways
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.
Diluted EPS for Q2 2025 was $2.80, while Economic EPS reached $5.39, marking a 15% increase from the prior year.
Net client cash flows were positive at over $8 billion, fueled by strong inflows into private markets and liquid alternatives.
AMG announced a new partnership with Montefiore Investment, a European private equity firm, further diversifying its business and expanding its private markets participation.
The company repurchased approximately $100 million in common stock during the quarter, contributing to a total of ~$273 million in share repurchases for the first half of the year.
AMG
AMG
AMG Revenue by Segment
Revenue by Segment
Private Markets Revenue
CapyFin.comLiquid Alternatives Revenue
CapyFin.comEquities Revenue
CapyFin.comMulti-Asset & Fixed Income Revenue
CapyFin.com Forward Guidance
AMG remains confident in its ability to generate meaningful additional shareholder value by investing in new and existing Affiliates and returning excess capital to shareholders within its disciplined capital allocation framework.
Positive Outlook
- Accelerating the evolution of AMG’s business towards areas of secular growth.
- Ongoing demand for Affiliates’ specialized strategies, particularly in private markets and liquid alternatives.
- Strong capital position enabling continued investment in new and existing Affiliates.
- Worldwide reputation as a collaborative strategic partner to high-quality independent firms.
- Commitment to returning excess capital to shareholders through a disciplined capital allocation framework.
Challenges Ahead
- Changes in the securities or financial markets could impact performance.
- General economic conditions may affect business results.
- Availability of equity and debt financing could fluctuate.
- Competition for acquisitions of interests in investment management firms remains a factor.
- Uncertainties related to closing pending investments or transactions and their anticipated benefits.