Affiliated Managers Group (AMG)
NYSE:AMG
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Earnings Data
Report Date
Aug 03, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
7.75Last Year’s EPS
5.39Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong, broad-based growth with record AUM, record flows into alternatives, double-digit organic momentum and very strong year-over-year profitability and EPS growth. Management highlighted disciplined capital allocation, active M&A/partnership activity and large share repurchases, underpinning confidence in future growth. Notable headwinds include equity outflows, some near-term market volatility and expected seasonally lower performance fees in Q2, but these were framed as manageable relative to the firm’s diversified alternatives-driven momentum.Company Guidance
Record Adjusted EBITDA
Adjusted EBITDA of approximately $317 million in Q1 2026, representing year-over-year growth of 39%.
Strong Earnings Per Share Growth
Economic earnings per share of $8.23 in Q1 2026, up 58% year-over-year.
Record Net Client Cash Flows and AUM
Record quarterly net client cash inflows of more than $22 billion; assets under management reached a record $882 billion. Net flows over the last 12 months totaled $52 billion, an organic growth rate of 7% over the period.
Robust Alternative Flows
Substantial momentum in alternatives: management cited $29 billion of alternative flows in the quarter and $90 billion into alternatives over the past year; liquid alternatives delivered a record quarter with $25 billion of flows (broad-based across institutional, wealth and retail channels).
Fee-Related and Performance Fee Improvement
Fee-related earnings (ex-performance fees) grew 29% year-over-year. Net performance fee earnings were $49 million in the quarter, an increase of $29 million versus prior year, contributing to margin expansion.
Private Markets and Key Growth Verticals
Private markets affiliates manage $148 billion in assets; strongest momentum in infrastructure and real estate (combined >$60 billion) and secondary solutions (~$50 billion). Private markets fundraising was $4 billion in the quarter.
Specific Product AUM Highlights
Within liquid alternatives, absolute return strategies represent ~ $180 billion of AUM and tax-aware long/short strategies represent ~$69 billion (about 8% of AMG's AUM).
Capital Allocation and Share Repurchases
Repurchased approximately $186 million of shares in Q1 and more than $700 million over the past 12 months, reducing shares outstanding by about 10%. Company expects to repurchase approximately $500 million for the full year (subject to market conditions).
Balance Sheet and Cash Generation
After-tax cash flows at record levels (~$1 billion annually), long-dated debt profile, low leverage and access to revolver. Convertible trust preferred conversion removed associated dilution (600,000 adjusted diluted shares repurchased via $174 million conversion premium).
Positive Near-Term Guidance
Q2 2026 guidance: adjusted EBITDA expected in the range $290 million–$305 million and economic earnings per share $7.60–$8.01; midpoint EPS guidance implies approximately 45% growth versus Q2 2025.
AMG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $306.02 | $297.76 | -2.70% |
Feb 12, 2026 | $308.08 | $328.94 | +6.77% |
Nov 05, 2025 | $251.42 | $256.72 | +2.11% |
Jul 31, 2025 | $210.50 | $209.84 | -0.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Affiliated Managers Group (AMG) report earnings?
Affiliated Managers Group (AMG) is schdueled to report earning on Aug 03, 2026, TBA (Confirmed).
What is Affiliated Managers Group (AMG) earnings time?
Affiliated Managers Group (AMG) earnings time is at Aug 03, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is AMG EPS forecast?
AMG EPS forecast for the fiscal quarter 2026 (Q2) is 7.75.