Filing Flows › Artisan Partners Asset Management (APAM) › Q3 2026
Artisan Partners Asset Management (APAM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Artisan Partners Asset Management (APAM) reported revenue of $313M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +1% from the quarter before. Operating margin was 35.1%, net earnings $75.2M (24.1% of revenue).
Artisan Partners Asset Management, Q3 2026: revenue $313M (+4% year over year), operating margin 35.1%, net earnings $75.2M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $313M | +1% | +4% |
| Operating profit | $110M | +30% | +8% |
| Net earnings | $75.2M | -7% | +13% |
| Operating cash flow | $110M | -5% | +172% |
| Free cash flow | $108M | -6% | +168% |
What changed
Revenue was $312.5M in Q3 2026, up 4% year over year and up 1% from the previous quarter. Management fees was the largest line at 100% of revenue. Management fees added $11.2M year over year (up 4%), 100% of the total change.
Operating profit was $109.8M, a 35.1% margin (up 1.3 points year over year). Of the extra revenue versus Q3 2025, 71% reached operating profit, above the 34% margin then. Total costs grew 2% against revenue growth of 4%. Net earnings were $75.2M, up 13% year over year. The effective tax rate was 18.2%.
Operating cash flow was $109.9M (up 172% year over year), 124% of net income including minority interests. Non-cash charges added back $2.2M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items added $12.5M. Capital expenditures of $1.5M left free cash flow of $108.4M.
Questions
What was Artisan Partners Asset Management's revenue in the third quarter 2026?
Artisan Partners Asset Management (APAM) reported revenue of $313M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +1% from the quarter before.
Was Artisan Partners Asset Management profitable in the third quarter 2026?
Operating profit was $110M (35.1% of revenue) and net earnings $75.2M.
Source: Artisan Partners Asset Management 10-Q on SEC EDGAR.