APAM · XBRL financial data
Artisan Partners Asset Management financial statements, every fiscal year
The same tables from 7 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 (APAM'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 | 900 | 1,227 | 993 | 975 | 1,112 | 1,197 |
| Revenue from contracts with customers | 900 | 1,227 | 993 | 975 | 1,112 | 1,197 |
| Total operating expenses | 541 | 687 | 649 | 672 | 745 | 797 |
| Operating income (loss) | 358 | 540 | 344 | 304 | 367 | 400 |
| Interest income | — | 1 | 0 | 6 | 10 | 9 |
| Interest expense | 11 | 11 | 10 | 9 | 9 | 9 |
| Income tax expense (benefit) | 61 | 107 | 63 | 72 | 91 | 111 |
| Net income (loss) | 213 | 337 | 207 | 222 | 260 | 290 |
| Earnings per share, basic USD per share | 3.40 | 5.10 | 2.94 | 3.19 | 3.66 | 4.05 |
| Earnings per share, diluted USD per share | 3.40 | 5.09 | 2.94 | 3.19 | 3.66 | 4.05 |
| Weighted average shares, basic millions of shares | 56 | 60 | 62 | 63 | 65 | 66 |
| Weighted average shares, diluted millions of shares | 56 | 60 | 62 | 63 | 65 | 66 |
Balance sheet
CSVFiscal years (APAM'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 | 199 | 201 | 143 | 178 | 268 | 256 |
| Property and equipment, net | 36 | 35 | 48 | 47 | 41 | 33 |
| Right-of-use asset | 79 | 89 | 101 | 95 | 83 | 105 |
| Goodwill | — | — | — | — | — | 0 |
| Total assets | 1,152 | 1,208 | 1,235 | 1,406 | 1,619 | 1,577 |
| Total liabilities | 867 | 801 | 820 | 802 | 869 | 795 |
| Retained earnings | 73 | 135 | 93 | 132 | 170 | 203 |
| Total stockholders' equity | 180 | 276 | 262 | 324 | 389 | 439 |
| Total liabilities and equity | 1,152 | 1,208 | 1,235 | 1,406 | 1,619 | 1,577 |
| Common shares outstanding (cover page) millions of shares | 79 | 79 | 80 | 80 | 80 | 81 |
Cash flows
CSVFiscal years (APAM'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) | 213 | 337 | 207 | 222 | 260 | 290 |
| Stock-based compensation | 36 | 39 | 40 | 32 | 31 | 27 |
| Depreciation and amortization | 7 | 7 | 8 | 9 | 10 | 9 |
| Net cash from operating activities | 319 | 399 | 313 | 253 | 373 | 172 |
| Purchases of property and equipment | 2 | 2 | 7 | 2 | 2 | 0 |
| Net cash from investing activities | 19 | (27) | (64) | (38) | (25) | 35 |
| Proceeds from issuing equity | 63 | 47 | 0 | 0 | — | — |
| Dividends paid | 203 | 275 | 249 | 183 | 222 | 257 |
| Net cash from financing activities | (282) | (335) | (306) | (175) | (254) | (183) |
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.
- * 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 | Quarter |
|---|---|---|---|---|---|
| Artisan Partners Asset Management | 378 | 313 | 110* | not reported | 10-QSep 30, 2026 |
| Federated Hermes | 374 | 507 | 134* | not reported | 10-QSep 30, 2026 |
| Victory Capital Holdings | 70 | 435 | 135* | 61.5M | 10-QJun 30, 2026 |
| PJT Partners | 236 | 486 | 237* | not reported | 10-QJun 30, 2026 |
| Lazard | 1,264 | 836 | 316* | 109.8M | 10-QSep 30, 2026 |
| Alliancebernstein Holding | 0 | not reported | 76* | 91.9M | 10-QSep 30, 2026 |
| Cohen & Steers | 66 | 157 | 21* | 51.4M | 10-QSep 30, 2026 |
| Moelis | 208 | not reported | 230* | not reported | 10-QJun 30, 2026 |
| DigitalBridge Group | 508 | 509 | 87* | 187.5M | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.