Filing Flows › Affiliated Managers Group (AMG) › Q2 2026
Affiliated Managers Group (AMG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Affiliated Managers Group (AMG) reported revenue of $641M for the second quarter 2026 (Q2 2026), +30% from a year earlier and +18% from the quarter before. Operating margin was 48.0%, net earnings $186M (29.0% of revenue).
Affiliated Managers Group, Q2 2026: revenue $641M (+30% year over year), operating margin 48.0%, net earnings $186M, operating cash flow $239M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $641M | +18% | +30% |
| Operating profit | $307M | +59% | +79% |
| Net earnings | $186M | +68% | +121% |
| Operating cash flow | $239M | -20% | +4% |
What changed
Revenue was $640.7M in Q2 2026, up 30% year over year and up 18% from the previous quarter.
Operating profit was $307.4M, a 48.0% margin (up 13.2 points year over year). Of the extra revenue versus Q2 2025, 92% reached operating profit, above the 35% margin then. Total costs grew 4% against revenue growth of 30%. The fastest-growing cost line was SG&A (+12%). Net earnings were $185.9M, up 121% year over year. The effective tax rate was 22.8%.
Operating cash flow was $239.0M (up 4% year over year), 101% of net income including minority interests. Non-cash charges added back $10.2M of share-based compensation.
Questions
What was Affiliated Managers Group's revenue in the second quarter 2026?
Affiliated Managers Group (AMG) reported revenue of $641M for the second quarter 2026 (Q2 2026), +30% from a year earlier and +18% from the quarter before.
Was Affiliated Managers Group profitable in the second quarter 2026?
Operating profit was $307M (48.0% of revenue) and net earnings $186M.