Artisan Partners Reports 4% Revenue Growth to $282.8 Million in Q2 2025

Artisan Partners Asset Management Inc. reported a total revenue of $282.8 million for the three months ended June 30, 2025, marking a 4% increase from $270.8 million in the same period last year. For the six months ended June 30, 2025, revenues rose to $559.9 million, up 5% from $535.2 million in the prior year. The growth in revenue was primarily driven by a 7% increase in average assets under management (AUM), which reached $166.8 billion for the quarter. The company’s management fees accounted for the majority of revenue, totaling $282.7 million for the quarter, while performance fees remained negligible.

Operating expenses for the second quarter increased by 10% to $203.0 million, compared to $184.2 million in the previous year, largely due to a rise in compensation and benefits, which grew by 13% to $165.8 million. This increase was attributed to higher incentive compensation linked to revenue growth and increased long-term incentive compensation costs. The operating income for the quarter was $79.8 million, down from $86.6 million a year earlier, resulting in an operating margin of 28.2%, compared to 32.0% in the prior year.

In terms of non-operating income, Artisan reported a significant increase to $41.1 million for the quarter, up from $3.4 million in the same period last year. This increase was driven by substantial net investment gains from consolidated investment products and nonconsolidated investments. The net income attributable to Artisan Partners Asset Management Inc. for the quarter was $67.6 million, a 17% increase from $57.6 million in the prior year, translating to earnings per share of $0.94, up from $0.80.

Artisan's AUM as of June 30, 2025, was $175.5 billion, reflecting a 10.5% increase from $158.9 billion a year earlier. The growth was primarily due to $15.2 billion in market appreciation, although this was partially offset by $1.9 billion in net client cash outflows. The company continues to focus on expanding its investment strategies and enhancing client services, with approximately 74% of AUM managed for clients in the U.S. and 26% for international clients.

Looking ahead, Artisan expects to maintain its focus on long-term investment performance as the primary driver of business results. The company plans to continue investing in growth initiatives while returning a majority of cash generated from operations to shareholders through dividends. Artisan declared a quarterly dividend of $0.73 per share, payable on August 29, 2025, reflecting its commitment to returning value to shareholders while navigating the complexities of market conditions and client demands.