Filing Flows › Cohen & Steers (CNS) › Q2 2026
Cohen & Steers (CNS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Cohen & Steers (CNS) reported revenue of $153M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +5% from the quarter before. Operating margin was 34.6%, net earnings $49.3M (32.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $153M | +5% | +12% |
| Operating profit | $52.8M | +5% | +22% |
| Net earnings | $49.3M | +16% | +34% |
| Operating cash flow | $67.4M | — | — |
What changed
Revenue was $152.7M in Q2 2026, up 12% year over year and up 5% from the previous quarter. Open-end funds was the largest line at 58% of revenue. Open-end funds added $10.7M year over year (up 14%), 65% of the total change.
Operating profit was $52.8M, a 34.6% margin (up 2.7 points year over year). Of the extra revenue versus Q2 2025, 57% reached operating profit, above the 32% margin then. Total costs grew 8% against revenue growth of 12%. Net earnings were $49.3M, up 34% year over year. The effective tax rate was 22.8%. Non-operating items added $19.2M, 27% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $67.4M, 121% of net income including minority interests. Non-cash charges added back $2.6M of depreciation and amortization and $11.3M of share-based compensation.
Questions
What was Cohen & Steers' revenue in the second quarter 2026?
Cohen & Steers (CNS) reported revenue of $153M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +5% from the quarter before.
Was Cohen & Steers profitable in the second quarter 2026?
Operating profit was $52.8M (34.6% of revenue) and net earnings $49.3M.
Source: Cohen & Steers 10-Q on SEC EDGAR.