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Affiliated Managers Group (AMG)
NYSE:AMG
Earnings Data
Report Date
May 04, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
8.16Last Year’s EPS
5.2Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance driven by a strategic pivot into alternatives: record or near-record metrics (economic EPS, adjusted EBITDA growth, large alternative inflows, and strong fundraising) and disciplined capital allocation (>$1B invested, $700M repurchases). These positives offset notable challenges including substantial equity outflows, concentration risk in a few large affiliates, variability in performance fees, and one-time costs to simplify the capital structure, plus a leadership transition. On balance, the momentum in alternatives, shareholder returns, and earnings growth dominate the narrative.Company Guidance
Record Economic Earnings Per Share and Strong EPS Growth
Full-year economic earnings per share of $26.05 (CFO disclosure) and fourth-quarter economic EPS of $9.48; economic EPS grew ~22% year-over-year for the full year and ~45% year-over-year in Q4, driven by organic growth and share repurchases.
Robust Net Client Flows and Alternatives Momentum
Affiliates generated ~$29.0B in annual net client cash flows (highest since 2013) with full-year organic growth of ~4%; Q4 net inflows were ~$12.0B (annualized organic growth ~6% for the quarter). Alternatives delivered a record year: $74.0B of net inflows in 2025, Q4 alternatives inflows ~$23.0B, liquid alternatives Q4 inflows ~$15.0B and full-year liquid alternatives inflows $51.0B (36% annualized organic growth). Private markets fundraising was $9.0B in Q4 and $24.0B for the year (18% annualized organic growth).
Large Expansion in Alternative AUM and Shift in Business Mix
Added approximately $97.0B of alternative AUM in 2025 (a ~35% increase in total alternative AUM for the year), bringing affiliates' alternative AUM to ~$373.0B. Alternatives now contribute roughly 60% of run-rate EBITDA, reflecting a strategic pivot toward higher-growth alternatives.
Adjusted EBITDA and Fee-Related Earnings Growth
Q4 adjusted EBITDA of $378.0M, up 34% year-over-year (included $125.0M of net performance fees); full-year adjusted EBITDA of $1.1B, up 11% versus 2024 (included $161.0M of net performance fees). Fee-related earnings (ex-performance fees) grew ~20% year-over-year for the quarter and ~8% for the full year.
Disciplined Capital Allocation and Shareholder Returns
Committed >$1.0B to growth investments in 2025 and repurchased approximately $700.0M of shares (~11% of shares outstanding) during the year (including a record $350.0M repurchase in Q4). Received proceeds from affiliate liquidity events that supported further deployment (~$570.0M aggregate pretax proceeds cited by CFO). Company expects to repurchase at least $400.0M in 2026 (subject to conditions).
Strengthened Balance Sheet and Capital Structure Actions
Completed a $425.0M ten-year senior note issuance at a 5.5% coupon and used proceeds to settle convertible trust preferred securities; removed share-count dilution from capital structure. Management describes low leverage, long-dated debt, and access to revolver as supportive of continued capital deployment.
Meaningful Wealth Distribution Gains
Alternatives AUM on AMG's U.S. wealth platform reached ~$8.0B in 2025 with $2.2B of alternative net new flows in the year. Global wealth AUM across AMG and affiliates exceeded $100.0B and grew organically >100% in 2025, highlighting progress in the wealth channel opportunity.
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 |
|---|---|---|---|
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% |
May 08, 2025 | $175.19 | $181.13 | +3.39% |
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 May 04, 2026, TBA (Confirmed).
What is Affiliated Managers Group (AMG) earnings time?
Affiliated Managers Group (AMG) earnings time is at May 04, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMG EPS forecast?
AMG EPS forecast for the fiscal quarter 2026 (Q1) is 8.16.