Affiliated Managers Group Reports 30% Revenue Growth to $640.7 Million in Q2 2026

Affiliated Managers Group, Inc. (AMG) reported significant financial growth in its latest quarterly results, with consolidated revenue reaching $640.7 million for the three months ended June 30, 2026, a 30% increase from $493.2 million in the same period last year. For the first half of 2026, revenue rose to $1.185 billion, up 20% from $989.8 million in the prior year. The company's net income also saw substantial growth, climbing 75% to $237.4 million for the second quarter and 63% to $383.7 million for the first half of the year, driven by increased asset-based and performance-based fees.

The company experienced notable changes in its expense structure, with total consolidated expenses increasing to $486.7 million in the second quarter, up 18% from $412.7 million a year earlier. Compensation and related expenses rose by 20% to $316.1 million, reflecting higher compensation accruals. Additionally, interest expenses increased due to new borrowings under a senior bank debt facility, which amounted to $650 million as of June 30, 2026. The effective tax rate for the controlling interest decreased slightly to 26.2% from 28.5% in the previous year, contributing to the overall increase in net income.

Strategically, AMG completed several key transactions, including acquiring minority equity interests in Brown Brothers Harriman's credit franchise and other investment firms, which are expected to enhance its portfolio and market position. The company also recorded a $14.6 million gain from the divestiture of an advisor team at myCIO Wealth Partners, further bolstering its financial performance. As of June 30, 2026, AMG's assets under management reached approximately $942 billion, reflecting a 22% increase year-over-year, driven by strong client demand for alternative investment strategies.

Operationally, AMG reported a significant increase in equity method income, which rose 90% to $124.9 million for the second quarter, supported by a 50% increase in equity method revenue. The company’s average assets under management also increased by 25% to $920.9 billion, indicating robust growth across its investment strategies. The firm continues to focus on expanding its geographic reach and enhancing product offerings, which are expected to contribute to future growth.

Looking ahead, AMG anticipates continued growth in assets under management and revenue, driven by strategic investments in new and existing affiliates, as well as a favorable market environment for alternative investment strategies. The company remains committed to enhancing shareholder value through share repurchases and maintaining a strong capital structure, with plans to leverage its financial position to support ongoing growth initiatives.