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Artisan Partners (APAM)
NYSE:APAM
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.94Last Year’s EPS
0.83Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong investment performance, record AUM, revenue and margin expansion, significant growth in credit and alternatives, and a conservative balance sheet that supports shareholder returns and strategic investment (including the Grandview acquisition). Key challenges include sizable equity outflows concentrated in several large strategies, short-term underperformance in two prominent equity strategies, regional institutional/regulatory headwinds (notably Europe) and expected near-term increases in compensation-related fixed expenses. Overall, positive operating momentum and diversified growth initiatives appear to outweigh the near-term flow and expense headwinds.Company Guidance
Record Assets Under Management and Strong Absolute Returns
AUM reached an all-time high of $180 billion at year-end, up ~12% year-over-year. Firm-wide asset-weighted investment returns exceeded 20% net of fees and investment strategies generated over $33 billion in absolute returns for clients.
Revenue and Profitability Expansion
Fourth-quarter revenue hit a record $336 million, up 11% quarter-over-quarter and 13% year-over-year. Full-year 2025 revenues were up 8% versus 2024. Adjusted operating income increased 23% versus both the prior quarter and prior year; adjusted operating margin improved to 40.2%, a 400 basis-point increase quarter-over-quarter. Adjusted net income per adjusted share rose 24% QoQ and 20% YoY.
Broad-Based Multi-Year Investment Outperformance
Strong long-term performance across the platform: 79% of AUM outperformed benchmarks for the 3-year period, 74% for 5-year, and 92% for 10-year (gross of fees). Notable strategy outperformance: Global Equity +2,422 bps, Global Value +1,188 bps, Select Equity +1,175 bps (all net of fees).
Material Growth in Credit and Alternatives
Credit AUM grew 29% year-over-year to $17.9 billion with $2.8 billion of net inflows and organic growth exceeding 20% for the third consecutive year. Alternatives AUM increased ~20% to $4 billion, driven by strength in global unconstrained and related products.
Meaningful Performance Fees and Fee Profile
Fourth-quarter performance fees totaled approximately $29 million across six strategies. The firm's weighted average fee rate for the quarter was 74 basis points, while recurring management fee rates remained consistent with recent quarters.
Strong Balance Sheet and Shareholder Returns
Year-end cash balance of ~$214 million, modest leverage (~0.4x), and an undrawn $100 million revolver. Dividends declared totaled $3.87 per share for 2025 (98% payout ratio vs adjusted earnings), an 11% increase vs 2024, implying a ~9.5% dividend yield as of Dec 31. Approximately $80 million of excess capital retained after dividends and near-term initiatives.
Strategic Expansion via Grandview Acquisition
Closed acquisition of Grandview Property Partners (real estate private equity) on Jan 2; Grandview manages ~ $880 million in institutional assets. The acquisition broadens alternatives/private real estate capabilities and management expects to prioritize fundraising for a larger Fund IV in 2026 (Fund III ~ $150 million).
Seed Investments and Realizations Supporting Capital
Firm has ~$152 million of seed capital invested in emerging products and realized $20 million of gains from seed investment redemptions during the year, providing capital for dividends and future growth initiatives.
APAM 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
APAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $42.94 | $42.38 | -1.30% |
Oct 28, 2025 | $41.72 | $41.17 | -1.31% |
Aug 01, 2025 | $41.70 | $43.34 | +3.93% |
Apr 29, 2025 | $34.39 | $33.86 | -1.54% |
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 Artisan Partners (APAM) report earnings?
Artisan Partners (APAM) is schdueled to report earning on Apr 28, 2026, After Close (Confirmed).
What is Artisan Partners (APAM) earnings time?
Artisan Partners (APAM) earnings time is at Apr 28, 2026, After Close (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 APAM EPS forecast?
APAM EPS forecast for the fiscal quarter 2026 (Q1) is 0.94.