AMG · XBRL financial data
Affiliated Managers Group financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (AMG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 2,028 | 2,412 | 2,330 | 2,058 | 2,041 | 2,074 |
| Selling, general and administrative | 321 | 347 | 386 | 358 | 377 | 409 |
| Total operating expenses | 1,510 | 1,631 | 1,674 | 1,497 | 1,508 | 1,805 |
| Other operating income (expense) | — | — | (35) | (46) | (40) | (70) |
| Interest expense | 92 | 111 | 114 | 124 | — | — |
| Income tax expense (benefit) | 81 | 251 | 358 | 185 | 183 | 282 |
| Net income (loss) | 202 | 566 | 1,146 | 673 | 512 | 717 |
| Earnings per share, basic USD per share | 4.34 | 13.65 | 29.77 | 19.18 | 16.45 | 25.18 |
| Earnings per share, diluted USD per share | 4.33 | 13.05 | 25.35 | 17.42 | 15.13 | 22.74 |
| Weighted average shares, basic millions of shares | 47 | 42 | 39 | 35 | 31 | 29 |
| Weighted average shares, diluted millions of shares | 47 | 45 | 49 | 42 | 36 | 33 |
Balance sheet
CSVFiscal years (AMG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,040 | 909 | 429 | 814 | 950 | 586 |
| Property and equipment, net | 80 | 74 | 69 | 67 | 58 | 54 |
| Goodwill | 2,661 | 2,689 | 2,649 | 2,524 | 2,505 | 2,531 |
| Total assets | 7,889 | 8,876 | 8,881 | 9,060 | 8,831 | 9,207 |
| Total liabilities | 3,900 | 4,492 | 4,240 | 4,096 | 4,182 | 4,785 |
| Retained earnings | 4,006 | 4,570 | 5,718 | 6,390 | 6,900 | 7,615 |
| Total stockholders' equity | 2,780 | 2,786 | 3,230 | 3,588 | 3,345 | 3,238 |
| Total liabilities and equity | 7,889 | 8,876 | 8,881 | 9,060 | 8,831 | 9,207 |
| Common shares outstanding (cover page) millions of shares | 43 | 40 | 36 | 33 | 29 | 27 |
Cash flows
CSVFiscal years (AMG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 202 | 566 | 1,146 | 673 | 512 | 717 |
| Stock-based compensation | 119 | 127 | 114 | 112 | 112 | — |
| Net cash from operating activities | 1,009 | 1,259 | 1,055 | 874 | 932 | 973 |
| Purchases of property and equipment | 9 | 8 | 11 | 12 | 3 | 6 |
| Net cash from investing activities | (54) | (584) | (110) | 265 | 379 | (206) |
| Share repurchases | 335 | 595 | 714 | 342 | 710 | 706 |
| Dividends paid | 17 | 2 | 2 | 2 | 1 | 1 |
| Proceeds from long-term debt | 875 | 200 | 0 | 25 | 848 | 899 |
| Repayments of long-term debt | 350 | 33 | 61 | 25 | 750 | 826 |
| Net cash from financing activities | (455) | (798) | (1,403) | (758) | (1,176) | (1,149) |
| Net change in cash | 502 | (124) | (481) | 387 | 131 | (370) |
Compare with peers
SIC 6282 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6282 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Affiliated Managers Group | 411 | 641 | 239* | 25.9M | — | 10-QJun 30, 2026 |
| Hamilton Lane | 348 | 204 | 28* | not reported | — | 10-QSep 30, 2026 |
| Invesco | 966 | 1,873 | 475* | 439.5M | — | 10-QSep 30, 2026 |
| StepStone Group | 703 | 379 | (458) | not reported | 1.5 quarters | 10-QJun 30, 2026 |
| Franklin Templeton | 3,761 | 2,358 | 581* | 508.1M | — | 10-QJun 30, 2026 |
| Janus Henderson Group | 1,381 | not reported | 235 | 154.1M | — | 10-QMar 31, 2026 |
| Moelis | 208 | not reported | 230* | not reported | — | 10-QJun 30, 2026 |
| Alliancebernstein Holding | 0 | not reported | 76* | 91.9M | — | 10-QSep 30, 2026 |
| Lazard | 1,264 | 836 | 316* | 109.8M | — | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.