Filing Flows › Affiliated Managers Group (AMG) › Q2 2025
Affiliated Managers Group (AMG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Affiliated Managers Group (AMG) reported revenue of $493M for the second quarter 2025 (Q2 2025), -1% from a year earlier and -0.7% from the quarter before. Operating margin was 34.8%, net earnings $84.3M (17.1% of revenue).
Affiliated Managers Group, Q2 2025: revenue $493M (-1% year over year), operating margin 34.8%, net earnings $84.3M, operating cash flow $231M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $493M | -0.7% | -1% |
| Operating profit | $172M | +36% | -4% |
| Net earnings | $84.3M | +16% | +11% |
| Operating cash flow | $231M | +10% | -6% |
| Free cash flow | $229M | +11% | -6% |
What changed
Revenue was $493.2M in Q2 2025, down 1% year over year and down 1% from the previous quarter.
Operating profit was $171.6M, a 34.8% margin (down 0.8 points year over year). Total costs fell 0% while revenue fell 1%. Net earnings were $84.3M, up 11% year over year. The effective tax rate was 20.8%.
Operating cash flow was $230.8M (down 6% year over year), 170% of net income including minority interests. Non-cash charges added back $68.6M of share-based compensation. Working capital and other items added $26.3M. Capital expenditures of $1.4M left free cash flow of $229.4M.
Questions
What was Affiliated Managers Group's revenue in the second quarter 2025?
Affiliated Managers Group (AMG) reported revenue of $493M for the second quarter 2025 (Q2 2025), -1% from a year earlier and -0.7% from the quarter before.
Was Affiliated Managers Group profitable in the second quarter 2025?
Operating profit was $172M (34.8% of revenue) and net earnings $84.3M.