Filing Flows › Artisan Partners Asset Management (APAM) › Q2 2026
Artisan Partners Asset Management (APAM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Artisan Partners Asset Management (APAM) reported revenue of $308M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +2% from the quarter before. Operating margin was 27.5%, net earnings $80.8M (26.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $308M | +2% | +9% |
| Operating profit | $84.6M | -10% | +6% |
| Net earnings | $80.8M | +39% | +20% |
| Operating cash flow | $116M | -36% | +127% |
| Free cash flow | $115M | -36% | +127% |
What changed
Revenue was $307.9M in Q2 2026, up 9% year over year and up 2% from the previous quarter. Management fees was the largest line at 100% of revenue. Management fees added $25.0M year over year (up 9%), 99% of the total change.
Operating profit was $84.6M, a 27.5% margin (down 0.7 points year over year). Of the extra revenue versus Q2 2025, 19% reached operating profit, below the 28% margin then. Total costs grew 10% against revenue growth of 9%. The fastest-growing cost line was Sales & marketing (+15%). Net earnings were $80.8M, up 20% year over year. The effective tax rate was 20.4%. Non-operating items added $42.1M, 33% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $115.8M (up 127% year over year), 115% of net income including minority interests. Non-cash charges added back $2.2M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items added $5.9M. Capital expenditures of $373K left free cash flow of $115.4M.
Questions
What was Artisan Partners Asset Management's revenue in the second quarter 2026?
Artisan Partners Asset Management (APAM) reported revenue of $308M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +2% from the quarter before.
Was Artisan Partners Asset Management profitable in the second quarter 2026?
Operating profit was $84.6M (27.5% of revenue) and net earnings $80.8M.
Source: Artisan Partners Asset Management 10-Q on SEC EDGAR.