Filing Flows › Affiliated Managers Group (AMG) › Q1 2026 › vs Q1 2025
Affiliated Managers Group (AMG) Q1 2026 vs Q1 2025 (year over year)
Affiliated Managers Group's revenue rose $48.3M (+10%) from $497M in Q1 2025 to $545M in Q1 2026. Operating margin 35.4% against 25.5% (+9.9 pts).
Affiliated Managers Group, Q1 2026: revenue $545M (+10% year over year), operating margin 35.4%, net earnings $110M, operating cash flow $299M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 35.4% | 25.5% | +9.9 pts |
| Net margin | 20.3% | 14.6% | +5.7 pts |
| Free cash flow margin | 54.2% | 41.7% | +12.5 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $545M | $497M | $48.3M | +10% |
| Operating profit | $193M | $127M | $66.3M | +52% |
| Costs & expenses | $352M | $370M | −$18.0M | -5% |
| Pre-tax earnings | $193M | $127M | $66.3M | +52% |
| SG&A | $107M | $94.7M | $12.7M | +13% |
| Other operating costs | $245M | $275M | −$30.7M | -11% |
| Net earnings | $110M | $72.4M | $38.0M | +52% |
| Minority interests | $36.0M | $26.8M | $9.2M | +34% |
| Income tax | $46.5M | $27.4M | $19.1M | +70% |
| Share-based compensation | $6.9M | $23.7M | −$16.8M | -71% |
| Working capital & other | $182M | $113M | $69.2M | +61% |
| Operating cash flow | $299M | $209M | $90.4M | +43% |
| Free cash flow (OCF − capex) | $296M | $207M | $88.2M | +43% |
| Capital expenditures | $3.8M | $1.6M | $2.2M | +138% |
Questions
How much did Affiliated Managers Group's revenue grow year over year in Q1 2026?
Affiliated Managers Group's revenue rose $48.3M (+10%) from $497M in Q1 2025 to $545M in Q1 2026. Operating margin 35.4% against 25.5% (+9.9 pts).