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Acadian Asset Management (AAMI)
NYSE:AAMI
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.86Last Year’s EPS
0.92Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple record-breaking operational and financial achievements — record AUM (~$177.5B), record annual net client cash flows (~$29.4B), record ENI EPS ($3.25), double-digit growth in management fees (~32% YoY in Q4) and margin expansion — alongside meaningful balance sheet improvements (deleveraging and refinancing) and a reinforced capital return framework (dividend increase, prior buybacks). Lowlights were largely related to non-cash GAAP declines, transient market-driven performance headwinds in H2 2025, modest increases in operating investments, and a short-term pause in buybacks to deleverage. Overall, the positives (strong organic growth, recurring revenue expansion, margin improvement, and capital allocation flexibility) materially outweigh the negatives, which are mostly non-cash or tactical.Company Guidance
Record AUM and Strong Net Flows
AUM reached a record high of $177.5B (nearly $178B) as of Dec 31, 2025. Q4 2025 net client cash flows were $5.4B (3% of beginning period AUM). Full-year 2025 net client cash flows were ~$29.4B (record annual NCCF). Eight consecutive quarters of positive net flows.
Record ENI Revenue, EPS and Margin Expansion
2025 ENI total revenue grew to nearly $549M, up 9% YoY. Record annual ENI EPS for 2025 was $3.25, up 18% YoY. ENI margin expanded to 35.5% for the year; Q4 2025 ENI operating margin expanded 338 bps to 45.7% (from 42.3% in Q4 2024).
Record Quarterly Management Fees and Recurring Revenue Growth
Q4 2025 management fees grew ~32% YoY to a record level (reported as $140M on slide 10 and summarized as $146M on the recap), driven by a 43% increase in average AUM from strong net flows and market appreciation. Company delivered ~8%+ quarter-on-quarter management fee growth for three consecutive quarters.
Improved Profitability and Adjusted EBITDA Growth
Adjusted EBITDA increased 1% in Q4 and +9% for full-year 2025 versus 2024, driven by growth in recurring management fees and operating leverage; Q4 operating expense ratio improved to 40.9% and enabled margin expansion.
Strong Long-Term Investment Performance
Revenue-weighted 5-year annualized alpha was 4.7% in excess of benchmark; asset-weighted 5-year alpha was 3.8%. By revenue weight, 95% of strategies outperformed benchmarks across 3-, 5-, and 10-year periods; by asset weight, 91% outperformed.
Balance Sheet Strength and Deleveraging
Refinanced senior notes, reducing gross debt by $75M and lowering gross leverage to 1.0x (from 1.5x) and net leverage to 0.5x. Ended year with $101M cash, $97M seed investments, $200M drawn on Term Loan A, and zero on revolver; leverage profile improved and provides flexibility.
Shareholder Returns and Capital Allocation Progress
Outstanding diluted shares down 58% since Q4 2019 (86M → 35.8M). Repurchased 1.8M shares in 2025 (~$48M, ~5% reduction YoY). Board declared a quarterly dividend of $0.10 per share (up from $0.00), signaling confidence in free cash flow and intent to return capital.
Robust, Diverse Pipeline and Product Demand
Management described a robust, diverse pipeline across products/geographies/vehicles. Continued client interest in enhanced strategies, extensions, and renewed interest in emerging markets (EM) strategies contributed to flows and outlook.
AAMI 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
AAMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $52.51 | $48.52 | -7.60% |
Oct 30, 2025 | $49.25 | $49.69 | +0.89% |
Jul 31, 2025 | $39.62 | $41.77 | +5.42% |
May 01, 2025 | $26.92 | $28.18 | +4.68% |
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 Acadian Asset Management (AAMI) report earnings?
Acadian Asset Management (AAMI) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Acadian Asset Management (AAMI) earnings time?
Acadian Asset Management (AAMI) earnings time is at Apr 30, 2026, Before Open (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 AAMI EPS forecast?
AAMI EPS forecast for the fiscal quarter 2026 (Q1) is 0.86.