AMG posts higher Q3 revenue as sales reach $595M
By Jon CuthbertKey points
- Affiliated Managers Group reported third-quarter 2026 revenue of US$595.2 million, up from US$528 million, while diluted EPS declined to US$6.64 from US$6.87.
- Economic EPS, a non-GAAP measure, increased 56% to US$9.50, while adjusted EBITDA rose 41% to US$353.7 million.
- Assets under management reached US$973.9 billion, quarterly net client inflows totalled US$20.7 billion, and share repurchases reached US$400 million.
Affiliated Managers Group (NYSE:AMG) reported third-quarter 2026 revenue of US$595.2 million, up from US$528 million a year earlier, while diluted earnings per share declined to US$6.64 from US$6.87.
Despite the decline in GAAP diluted earnings, controlling-interest net income fell to US$173.3 million from US$212.4 million, while Economic EPS increased 56% to US$9.50 from US$6.10.
Adjusted EBITDA, a non-GAAP measure, increased 41% to US$353.7 million, while assets under management reached US$973.9 billion and quarterly net client inflows totalled US$20.7 billion, including more than US$31 billion in alternative strategy inflows.
SEC
The company repurchased approximately US$400 million in shares during the quarter, bringing year-to-date repurchases to US$775 million, and declared a US$0.01-per-share dividend payable December 3, 2026, to shareholders of record November 19.
For the first nine months of 2026, diluted EPS increased to US$17.38 from US$11.83, while September-end debt rose to US$3.1794 billion from US$2.6913 billion at year-end and cash declined to US$436.1 million from US$586 million.
