Filing Flows › Artisan Partners Asset Management (APAM) › Q2 2026 › vs Q1 2026
Artisan Partners Asset Management (APAM) Q2 2026 vs Q1 2026 (quarter over quarter)
Artisan Partners Asset Management's revenue rose $4.9M (+2%) from $303M in Q1 2026 to $308M in Q2 2026. The biggest changes: Management fees +$4.9M (+2%); Performance fees −$4K (-2%). Operating margin 27.5% against 31.1% (-3.6 pts).
Artisan Partners Asset Management, Q2 2026: revenue $308M (+9% year over year), operating margin 27.5%, net earnings $80.8M, operating cash flow $116M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 27.5% | 31.1% | -3.6 pts |
| Net margin | 26.3% | 19.2% | +7.1 pts |
| Free cash flow margin | 37.5% | 59.8% | -22.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Management fees | $308M | $303M | $4.9M | +2% |
| Performance fees | $200K | $204K | −$4K | -2% |
| Revenue | $308M | $303M | $4.9M | +2% |
| Other income, net | $42.1M | −$7.8M | $49.9M | — |
| Operating profit | $84.6M | $94.2M | −$9.6M | -10% |
| Costs & expenses | $223M | $209M | $14.5M | +7% |
| Pre-tax earnings | $127M | $86.4M | $40.3M | +47% |
| Sales & marketing | $7.7M | $7.5M | $234K | +3% |
| Other operating costs | $216M | $201M | $14.2M | +7% |
| Net earnings | $80.8M | $58.0M | $22.8M | +39% |
| Minority interests | $20.0M | $9.6M | $10.4M | +109% |
| Income tax | $25.9M | $18.8M | $7.1M | +38% |
| Depreciation & amortization | $2.2M | $2.3M | −$61K | -3% |
| Share-based compensation | $6.9M | $7.2M | −$362K | -5% |
| Working capital & other | $25.9M | $114M | −$88.3M | -77% |
| Operating cash flow | $116M | $182M | −$66.0M | -36% |
| Free cash flow (OCF − capex) | $115M | $181M | −$65.8M | -36% |
| Capital expenditures | $373K | $518K | −$145K | -28% |
Questions
How much did Artisan Partners Asset Management's revenue grow quarter over quarter in Q2 2026?
Artisan Partners Asset Management's revenue rose $4.9M (+2%) from $303M in Q1 2026 to $308M in Q2 2026.
What drove Artisan Partners Asset Management's revenue change in Q2 2026?
Management fees +$4.9M (+2%); Performance fees −$4K (-2%).