Affiliated Managers Group, Inc.

Affiliated Managers Group, Inc. (AMG) reported strong FY 2025 financial performance with consolidated revenue of $2.07B and net income of $904.0M, including net income attributable to controlling interest of $716.6M. Key profit drivers included equity method income of $462.9M from Affiliates, affiliate transaction gains of $371.3M, and investment income of $83.1M, offsetting total consolidated expenses of $1.81B which featured compensation costs of $1.02B and intangible amortization of $160.3M. Diluted EPS reached $23 on 33.0M shares. Balance sheet showed total assets of $9.21B, supported by equity method investments of $2.87B and goodwill of $2.53B, with total liabilities at $4.79B including debt of $2.69B. Stockholders' equity stood at $3.24B after $4.89B treasury stock. Operating cash flow was robust at $973.2M despite net cash decrease of $370.0M to $429.2M, driven by $706.3M stock repurchases and $1.15B financing outflow. Investing activities used $206.1M primarily for $776.0M Affiliate investments. These results highlight AMG's asset management model resilience through Affiliate partnerships and capital returns.

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