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AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Jul 30, 2026)

Reports
Earnings & Results·Other Events·Exhibits & Filings
Filing Date
Filed July 30, 2026
Period End
July 30, 2026
In the record · 2016–202610-K1510-Q328-K101

AMG filed 15 annual reports (10-K), 32 quarterly reports (10-Q) and 101 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · May ’19May ’19
  2. Material agreement8-K · Oct ’21Oct ’21
  3. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed July 30, 2026. Cited figures are marked; the original filing is the authoritative source.

AMG reported strong second-quarter 2026 results, with Economic EPS of $8.29a, up 54% year over year, and GAAP diluted EPS of $6.95 versus $2.80 a year earlier.

Controlling-interest net income rose to $185.9 millionb from $84.3 million, and Adjusted EBITDA (controlling interest) grew 44% to $316.0 million. Revenue increased to $640.7 million from $493.2 million, supported by higher equity method income of $124.9 million (versus $65.6 million), though the company's results also benefited from a $14.6 million pre-tax gain tied to the June 2026 divestiture of an advisor team at myCIO Wealth Partners (about $11.0 million after tax). Management attributes the growth to the shift toward alternative strategies, which generated approximately $29 billion of net inflows in the quarter and $58 billion in the first half.

AUM reached a record $942.4 billionc at June 30, 2026, up roughly 22% over the last twelve months, with net client cash flows of $12.9 billion in the quarter and $35.5 billion year to date. Alternatives drove the growth, with Private Markets AUM at $153.3 billion and Liquid Alternatives at $293.2 billion. Equity AUM rose to $321.9 billion, while Multi-Asset & Fixed Income declined modestly in the quarter.

Growth also came from new affiliate investments, including BBH Credit Partners and HighBrook Investors, which contributed about $59.8 billiond of new AUM year to date. Capital deployment remained active, with $189 million of share repurchases in the quarter and $375 million in the first half. Diluted share count fell to 26.9 million from 31.4 million a year earlier, reflecting the buybacks and the settlement of junior convertible securities in cash in January 2026.

Total debt rose to $3.0 billion from $2.7 billion at year-end 2025, and cash declined to $411 million. The Board declared a $0.01 per share quarterly dividend payable August 24, 2026, to holders of record on August 10, 2026.

02—Key points

Key Highlights

  1. Economic EPS of $8.29 for Q2 2026, up 54% year over year from $5.39; GAAP diluted EPS of $6.95 versus $2.80.
  2. Record AUM of $942.4 billion at June 30, 2026, up about $171 billion (22%) over the last twelve months.
  3. Q2 net client cash flows of $12.9 billion, including record alternative net inflows of about $29 billion; first-half net flows of $35.5 billion.
  4. Adjusted EBITDA (controlling interest) of $316.0 million, up 44% year over year; first-half Adjusted EBITDA of $633.3 million.
  5. Equity method income (net) more than doubled to $124.9 million, reflecting growth in alternative-strategy Affiliates.
  6. Share repurchases of $189 million in Q2 and $375 million year to date; diluted share count fell to 26.9 million from 31.4 million.
  7. Q2 results include a one-time $14.6 million pre-tax (about $11.0 million after-tax) gain from the myCIO advisor team divestiture, which investors should exclude when assessing run-rate earnings.
  8. Quarterly dividend of $0.01 per share declared, payable August 24, 2026, to holders of record as of August 10, 2026.

03—Questions

Frequently Asked Questions

  1. What drove the large year-over-year increase in earnings per share?

    Economic EPS rose to $8.29 from $5.39, and GAAP diluted EPS rose to $6.95 from $2.80. The increase reflects higher equity method income from Affiliates, growth in alternative-strategy AUM and fees (aggregate fees rose to $1.66 billion from $1.17 billion), and a lower diluted share count following buybacks. Part of the Q2 result also came from a $14.6 million pre-tax gain on the myCIO advisor team divestiture.

  2. How much of the Q2 growth came from one-time items?

    The myCIO affiliate transaction contributed $14.6 million pre-tax, or about $11.0 million after tax, which is excluded from Economic net income. Other economic items were minor in Q2 2026 (a $0.7 million benefit), compared with a $29.3 million charge in Q2 2025, which depressed the prior-year base. Investors should note that the prior-year comparison was affected by these items, so the reported growth rates partly reflect a weak base.

  3. What is driving AUM growth and where is it concentrated?

    AUM grew to $942.4 billion, with Alternatives accounting for the bulk of net flows. Liquid Alternatives reached $293.2 billion, and Private Markets reached $153.3 billion. Equities AUM rose to $321.9 billion on market gains, while Multi-Asset & Fixed Income was flat to slightly lower at $174.0 billion. Net outflows in Equities (about $14.5 billion in Q2) partly offset alternative inflows of about $29 billion.

  4. How is AMG using its capital, and what is its balance sheet position?

    AMG repurchased $375 million of stock in the first half and cut its diluted share count materially. Debt increased to $3.0 billion from $2.7 billion at year-end 2025, and cash fell to $411 million from $586 million, reflecting the buybacks and the January 2026 cash settlement of junior convertible securities. Management cites a flexible capital position and continued investment in new and existing Affiliates as priorities, and the $0.01 quarterly dividend remains a nominal payout.

04—Continue

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