Earnings summaries and quarterly performance for AFFILIATED MANAGERS GROUP.
Executive leadership at AFFILIATED MANAGERS GROUP.
Board of directors at AFFILIATED MANAGERS GROUP.
Research analysts who have asked questions during AFFILIATED MANAGERS GROUP earnings calls.
Alexander Blostein
Goldman Sachs
5 questions for AMG
Also covers: AB, AMP, APAM +31 more
Brian Bedell
Deutsche Bank
5 questions for AMG
Also covers: AMTD, APO, ARES +24 more
WK
William Katz
TD Cowen
5 questions for AMG
Also covers: AB, AMTD, APAM +25 more
DF
Dan Fannon
Jefferies & Company Inc.
3 questions for AMG
Also covers: AB, AMTD, BAM +26 more
Patrick Davitt
Autonomous Research
3 questions for AMG
Also covers: ABL, APO, ARES +10 more
DF
Daniel Fannon
Jefferies Financial Group Inc.
2 questions for AMG
Also covers: AB, AMTD, APO +28 more
LB
Luke Bianculli
The Goldman Sachs Group, Inc.
1 question for AMG
TD
Trevor Dodds
Jefferies Financial Group Inc.
1 question for AMG
Also covers: BILL
Recent press releases and 8-K filings for AMG.
AMG Reports Strong Full Year 2025 Results and Provides 2026 Outlook
AMG
Earnings
Guidance Update
New Projects/Investments
- AMG reported full year 2025 adjusted EBITDA of $235 million, a 40% increase compared to $168 million in 2024, and anticipates 2026 adjusted EBITDA in the range of $210 to $240 million.
- The company ended 2025 with a strong balance sheet, highlighted by $484 million of total liquidity as of December 31, 2025.
- Key strategic projects include a high-purity chrome metal facility in the US set to come online in the first half of 2026, a circular high-purity molybdenum processing facility planned by 2029, and Phase I of the "Supercenter" project in Saudi Arabia targeting commissioning in the second half of 2028.
- AMG Lithium's refinery in Bitterfeld is progressing with customer qualification and expects to reach full production capacity in the second half of 2026; the company also intends to declare a €0.40 per ordinary share dividend for the financial year 2025.
2 days ago
Affiliated Managers Group Reports Record 2025 Economic EPS and Strong Alternative AUM Growth
AMG
Earnings
Guidance Update
Share Buyback
- Affiliated Managers Group (AMG) reported record full-year 2025 economic earnings per share of $26.05, a 22% increase year over year, driven by strong organic growth and capital allocation.
- The company achieved $29 billion in annual net client cash flows, its highest level since 2013, representing a 4% organic growth rate, with significant contributions from alternative strategies.
- AMG added approximately $97 billion in alternative assets under management (AUM) in 2025, increasing its total alternative AUM by 35%, and committed over $1 billion to growth investments. Alternative strategies now contribute approximately 60% of the company's EBITDA.
- In 2025, AMG repurchased approximately $700 million of its shares and anticipates repurchasing at least $400 million in shares in 2026.
- For Q1 2026, AMG expects Adjusted EBITDA between $310 million and $330 million and economic earnings per share between $7.98 and $8.52.
Feb 12, 2026, 1:30 PM
Affiliated Managers Group Reports Record 2025 Economic EPS and Provides Q1 2026 Guidance
AMG
Earnings
New Projects/Investments
Share Buyback
- Affiliated Managers Group (AMG) reported record annual economic earnings per share of $26.05 for 2025, an increase of 22% year-over-year, and Adjusted EBITDA of $1.1 billion, up 11% from 2024.
- The company generated $29 billion in annual net client cash flows in 2025, the highest level since 2013, representing a 4% organic growth rate, primarily fueled by $74 billion in net inflows from alternative strategies.
- AMG committed over $1 billion in capital to growth investments in 2025, including new partnerships with Northbridge, Verition, Montefiore, Qualitas Energy, Highbrook, and an incremental investment in Garda, while also repurchasing approximately $700 million of its shares.
- For Q1 2026, AMG expects Adjusted EBITDA to be between $310 million and $330 million and economic earnings per share to be between $7.98 and $8.52.
- CFO Tom Wojcik announced his departure from AMG to pursue other leadership opportunities.
Feb 12, 2026, 1:30 PM
Affiliated Managers Group Reports Record 2025 Economic EPS and Strong Organic Growth, Driven by Alternatives
AMG
Earnings
Share Buyback
New Projects/Investments
- Affiliated Managers Group (AMG) achieved record annual economic earnings per share of $26.05 in 2025, a 22% increase year-over-year, alongside $29 billion in annual net client cash flows, the highest since 2013.
- The company's business profile continued to evolve towards alternatives, with $97 billion in additional alternative assets under management in 2025, increasing total alternative AUM by 35% and now contributing approximately 60% of EBITDA.
- AMG deployed over $1 billion in capital into growth opportunities, including new partnerships, and repurchased approximately $700 million of shares in 2025, reducing shares outstanding by 11%.
- For Q1 2026, AMG expects Adjusted EBITDA to be between $310 million and $330 million, with economic earnings per share projected between $7.98 and $8.52.
- Thomas Wojcik, President and COO, is transitioning out of his role, expressing confidence in the team's future success.
Feb 12, 2026, 1:30 PM
AMG Reports Q4 and Full Year 2025 Financial Results
AMG
Earnings
Share Buyback
New Projects/Investments
- AMG's Assets Under Management (AUM) reached $813.3 billion as of December 31, 2025, an increase from $707.9 billion at the end of 2024, with $28.7 billion in net client cash flows for the full year.
- For the full year 2025, the company reported Economic earnings per share of $26.05 and Adjusted EBITDA of $1,076.8 million.
- AMG returned approximately $3 billion in excess capital to shareholders over the last five years, including annual share repurchases of about 10%, resulting in a 36% reduction in adjusted diluted share count since Q4 2020.
- The company's strategy emphasizes expansion into alternative asset classes, with 55% of LTM EBITDA derived from Alternatives and ~60% of EBITDA from high-growth areas.
Feb 12, 2026, 1:30 PM
AMG Reports Strong Q4 and Full Year 2025 Financial and Operating Results
AMG
Earnings
Share Buyback
New Projects/Investments
- AMG reported strong financial results for Q4 and full year 2025, with Diluted EPS of $11.21 and Economic EPS of $9.48 for Q4 2025, and full-year Diluted EPS of $22.74 and Economic EPS of $26.05.
- The company achieved net client cash inflows of approximately $29 billion for the full year 2025, including $12 billion in Q4, primarily from alternative strategies, contributing to $813.3 billion in Assets Under Management (AUM) as of December 31, 2025.
- AMG repurchased $700 million in common stock in 2025, representing approximately 11% of shares outstanding, and committed more than $1 billion to five new growth investments, predominantly in alternative strategies.
Feb 12, 2026, 12:08 PM
AMG Reports Strong Full-Year 2025 Financial and Operating Results
AMG
Earnings
Share Buyback
New Projects/Investments
- AMG reported full-year 2025 Economic EPS of $26.05, an increase of 22% year-over-year, and Diluted EPS of $22.74.
- The company achieved net client cash inflows of approximately $29 billion in 2025, with $12 billion in the fourth quarter, contributing to Assets Under Management (AUM) of $813.3 billion as of December 31, 2025.
- AMG committed over $1 billion to five new growth investments and repurchased $700 million in common stock (approximately 11% of shares outstanding) during 2025.
Feb 12, 2026, 11:59 AM
AMG Increases Investment in Garda Capital Partners
AMG
M&A
New Projects/Investments
- AMG has acquired an additional minority equity interest in Garda Capital Partners LP, a liquid alternatives manager specializing in fixed income relative value strategies.
- Garda Capital Partners will remain majority-owned and led by its management team.
- Since the partnership began in 2019, Garda's assets under management have tripled in size, reaching more than $12 billion as of December 31, 2025.
- AMG will continue to account for the investment under the equity method, and the terms of the transaction were not disclosed.
Feb 12, 2026, 11:50 AM
AMG Announces Partnership with HighBrook Investors
AMG
M&A
New Projects/Investments
- AMG has acquired a minority equity interest in HighBrook Investors, a real estate investment manager specializing in value-add opportunities in the U.S. and Europe.
- HighBrook, founded in 2010, focuses on high-growth real estate areas including European last-mile logistics and U.S. data centers.
- HighBrook has committed over $2.3 billion of equity across more than 80 investments, totaling approximately $5.7 billion in gross asset value.
- This partnership allows HighBrook to leverage AMG’s strategic capabilities and growth capital, while AMG diversifies its business and expands its participation in global private markets.
- The terms of the transaction were not disclosed, but HighBrook’s management team will continue to hold the majority of the firm’s equity and direct its day-to-day operations.
Feb 12, 2026, 11:30 AM
AGF Management Limited Reports Q4 and FY 2025 Financial Results
AMG
Earnings
CEO Change
Product Launch
- AGF Management Limited reported adjusted diluted earnings per share of $0.62 for the fourth quarter and $1.93 for the fiscal year ended November 30, 2025.
- Total assets under management and fee-earning assets reached $60.4 billion as of November 30, 2025, an increase from $56.8 billion as at August 31, 2025.
- The company declared a quarterly dividend of 12.5 cents per share.
- Judy Goldring was appointed Chief Executive Officer in July, and AGF launched new products, including the AGF NHC Tactical Alpha Fund and the AGF Enhanced U.S. Income Plus Fund.
Jan 27, 2026, 12:00 PM
Quarterly earnings call transcripts for AFFILIATED MANAGERS GROUP.
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