Artisan Partners Asset Management Inc. reported a revenue of $277.1 million for the three months ended March 31, 2025, marking a 4.8% increase from $264.4 million in the same period last year. The growth in revenue was primarily driven by an increase in average assets under management (AUM), which rose to $166.7 billion, up 8.2% from $154.2 billion a year earlier. The company's operating income also improved, reaching $86.5 million, an 11% increase from $77.7 million in the prior year, resulting in an operating margin of 31.2%, compared to 29.4% in the previous year.
In terms of profitability, net income attributable to Artisan Partners increased to $61.1 million, a 3% rise from $59.5 million in the prior year. Basic and diluted earnings per share were both reported at $0.82, slightly down from $0.84 in the same quarter of 2024. The company declared dividends of $1.34 per share during the quarter, reflecting a commitment to returning capital to shareholders. Additionally, a quarterly dividend of $0.68 per share was declared on April 29, 2025, payable on May 30, 2025.
Operationally, Artisan's AUM increased by $1.2 billion during the quarter, attributed to $4.1 billion in market appreciation, although this was partially offset by $2.8 billion in net client cash outflows. The firm experienced net outflows in 15 of its 27 investment strategies, which were countered by inflows in the remaining strategies. As of March 31, 2025, approximately 74% of AUM was managed for clients in the U.S., with the remaining 26% from international clients.
Strategically, Artisan launched two new investment strategies during the quarter: the Global Special Situations strategy and the Franchise strategy, which is the fifth strategy from the Growth team. The company continues to focus on expanding its investment capabilities while maintaining a high level of investment autonomy for its teams. Looking ahead, Artisan expects to continue investing in growth opportunities and adapting to market conditions, which may lead to fluctuations in AUM and financial performance over shorter periods. The firm remains committed to its long-term strategy of providing high-value investment management services to sophisticated clients globally.
About Artisan Partners Asset Management Inc.
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