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Affiliated Managers Group (AMG) Q3 2026 earnings results (third quarter 2026)

8-K filed Nov 9, 2026

Affiliated Managers Group (AMG) reported revenue of $595M for the third quarter 2026 (Q3 2026), +13% from a year earlier and -7% from the quarter before. Operating margin was 54.3%, net earnings $244M (41.0% of revenue).

Revenue$595M
Year over year+13%
Quarter over quarter-7%
Operating margin54.3%
Net earnings$244M

Affiliated Managers Group, Q3 2026: revenue $595M (+13% year over year), operating margin 54.3%, net earnings $244M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$595M-7%+13%
Operating profit$323M+5%-11%
Net earnings$244M+3%-16%

What changed

Revenue was $595.2M in Q3 2026, up 13% year over year and down 7% from the previous quarter.

Operating profit was $323.2M, a 54.3% margin (down 14.4 points year over year). Operating profit fell $39.3M even though revenue rose $67.2M versus Q3 2025, so costs grew faster than sales. Total costs grew 64% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+133%). Net earnings were $244.3M, up 15% year over year. The effective tax rate was 24.4%.

Questions

What was Affiliated Managers Group's revenue in the third quarter 2026?

Affiliated Managers Group (AMG) reported revenue of $595M for the third quarter 2026 (Q3 2026), +13% from a year earlier and -7% from the quarter before.

Was Affiliated Managers Group profitable in the third quarter 2026?

Operating profit was $323M (54.3% of revenue) and net earnings $244M.

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Source: Affiliated Managers Group 8-K on SEC EDGAR.