Filing Flows › Cohen & Steers (CNS) › Q2 2026 › vs Q2 2025
Cohen & Steers (CNS) Q2 2026 vs Q2 2025 (year over year)
Cohen & Steers's revenue rose $16.6M (+12%) from $136M in Q2 2025 to $153M in Q2 2026. The biggest changes: Open-end funds +$10.7M (+14%); Closed-end funds +$3.0M (+12%); Institutional accounts +$2.9M (+9%). Operating margin 34.6% against 31.8% (+2.7 pts).
Cohen & Steers, Q2 2026: revenue $153M (+12% year over year), operating margin 34.6%, net earnings $49.3M, operating cash flow $67.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 34.6% | 31.8% | +2.7 pts |
| Net margin | 32.3% | 27.1% | +5.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Open-end funds | $88.9M | $78.2M | $10.7M | +14% |
| Institutional accounts | $35.8M | $32.9M | $2.9M | +9% |
| Closed-end funds | $28.0M | $25.1M | $3.0M | +12% |
| Other | $526K | $415K | $111K | +27% |
| Revenue | $153M | $136M | $16.6M | +12% |
| Other income, net | $19.2M | $10.5M | $8.7M | +83% |
| Operating profit | $52.8M | $43.3M | $9.4M | +22% |
| Costs & expenses | $100M | $92.8M | $7.2M | +8% |
| Pre-tax earnings | $72.0M | $53.8M | $18.2M | +34% |
| General & admin | $19.0M | $18.1M | $875K | +5% |
| Other operating costs | $81.0M | $74.7M | $6.3M | +8% |
| Net earnings | $49.3M | $36.8M | $12.5M | +34% |
| Minority interests | $6.2M | $4.9M | $1.3M | +26% |
| Income tax | $16.4M | $12.1M | $4.4M | +36% |
| Depreciation & amortization | $2.6M | $2.4M | $231K | +10% |
| Share-based compensation | $11.3M | $12.2M | −$873K | -7% |
| Working capital & other | $4.2M | −$119M | $123M | — |
| Operating cash flow | $67.4M | −$67.6M | $135M | — |
Questions
How much did Cohen & Steers's revenue grow year over year in Q2 2026?
Cohen & Steers's revenue rose $16.6M (+12%) from $136M in Q2 2025 to $153M in Q2 2026.
What drove Cohen & Steers's revenue change in Q2 2026?
Open-end funds +$10.7M (+14%); Closed-end funds +$3.0M (+12%); Institutional accounts +$2.9M (+9%).