Filing Flows › Affiliated Managers Group (AMG) › Q1 2025
Affiliated Managers Group (AMG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Affiliated Managers Group (AMG) reported revenue of $497M for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and -5% from the quarter before. Operating margin was 25.5%, net earnings $72.4M (14.6% of revenue).
Affiliated Managers Group, Q1 2025: revenue $497M (-0.7% year over year), operating margin 25.5%, net earnings $72.4M, operating cash flow $209M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $497M | -5% | -0.7% |
| Operating profit | $127M | -54% | -50% |
| Net earnings | $72.4M | -55% | -52% |
| Operating cash flow | $209M | -2% | -0.1% |
| Free cash flow | $207M | -2% | -0.4% |
What changed
Revenue was $496.6M in Q1 2025, down 1% year over year and down 5% from the previous quarter.
Operating profit was $126.6M, a 25.5% margin (down 25.3 points year over year). Total costs grew 51% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+79%). Net earnings were $72.4M, down 52% year over year. The effective tax rate was 21.6%.
Operating cash flow was $208.9M (roughly flat year over year), 211% of net income including minority interests. Non-cash charges added back $23.7M of share-based compensation. Working capital and other items added $86.0M. Capital expenditures of $1.6M left free cash flow of $207.3M.
Questions
What was Affiliated Managers Group's revenue in the first quarter 2025?
Affiliated Managers Group (AMG) reported revenue of $497M for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and -5% from the quarter before.
Was Affiliated Managers Group profitable in the first quarter 2025?
Operating profit was $127M (25.5% of revenue) and net earnings $72.4M.