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AMGAffiliated Managers Group, Inc.
$352.90$9.4B
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AMG logoAffiliated Managers Group, Inc.(AMG)Earnings, Financials & Key Ratios

AMG•NYSE•Banking & Credit
15.5× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryTraditional active asset managers
AboutAffiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments. The company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. Affiliated Managers Group, Inc. was formed in 1993 and is based in West Palm Beach, Florida with additional offices in Prides Crossing, Massachusetts; Stamford, Connecticut; London, United Kingdom; Dubai, United Arab Emirates; Sydney, Australia; Hong Kong; Tokyo, Japan, Zurich, Switzerland and Delaware.Show more
  • Net Interest Income-$53M+59.9%
  • Total Revenue$2.45B+19.8%
  • Net Income$717M+40.1%
  • Return on Equity15.8%+48.4%
  • Net Interest Margin-0.58%+61.6%
  • Efficiency Ratio54.28%+164.4%
  • ROA7.95%+38.9%
  • Equity / Assets48.03%-8.8%
  • Book Value per Share134.00+4.1%

AMG Key Insights

Affiliated Managers Group, Inc. (AMG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 28.8%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓Efficient operations: 54.3% efficiency ratio
  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓Well capitalized: 48.0% equity/assets
  • ✓Share count reduced 8.6% through buybacks

✗Weaknesses

  • ✗Weak NIM of -0.6%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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AMG Price & Volume

Affiliated Managers Group, Inc. (AMG) stock price & volume — 10-year historical chart

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AMG Growth Metrics

Affiliated Managers Group, Inc. (AMG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-0.16%
5 Years3.82%
3 Years1.63%
TTM-

Profit CAGR

10 Years3.47%
5 Years28.8%
3 Years-14.48%
TTM40.12%

EPS CAGR

10 Years9.38%
5 Years39.34%
3 Years-3.56%
TTM57.22%

Return on Capital

10 Years10.16%
5 Years9.71%
3 Years8.65%
Last Year8.61%

AMG Recent Earnings

Affiliated Managers Group, Inc. (AMG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 1, 2026
Metric
Actual
Est
EPS
$8.23+1.6%
$8.10
Rev
$545M+0.2%
$544M
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$9.48+8.3%
$8.75
Rev
$557M-3.8%
$579M
Q4 2025
Nov 3, 2025
Metric
Actual
Est
EPS
$6.10+4.6%
$5.83
Rev
$528M-8.7%
$579M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$5.39+2.5%
$5.26
Rev
$493M-8.8%
$541M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 1, 2026
$8.23vs $8.10+1.6%
$545Mvs $544M+0.2%
Q1 2026Feb 12, 2026
$9.48vs $8.75+8.3%
$557Mvs $579M-3.8%
Q4 2025Nov 3, 2025
$6.10vs $5.83+4.6%
$528Mvs $579M-8.7%
Q3 2025Jul 31, 2025
$5.39vs $5.26+2.5%
$493Mvs $541M-8.8%
Based on last 12 quarters of dataView full earnings history →

AMG Peer Comparison

Affiliated Managers Group, Inc. (AMG) competitors in Traditional active asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
BEN logoBENFranklin Resources, Inc.Direct Competitor17.17B33.0536.323.45%8.99%5.64%0.94
IVZ logoIVZInvesco Ltd.Direct Competitor12.5B28.14-17.585.11%-3.69%-1.74%0.78
VRTS logoVRTSVirtus Investment Partners, Inc.Direct Competitor948.08M141.607.09-8%16.66%13.51%2.74
CNNE logoCNNECannae Holdings, Inc.Direct Competitor716.87M13.68-1.51-6.39%-103.77%-38.83%0.33
DHIL logoDHILDiamond Hill Investment Group, Inc.Direct Competitor473.29M174.999.774.48%30.89%27.03%36.26
BLK logoBLKBlackRock, Inc.Product Competitor173.68B1050.0929.6518.67%22.93%9.86%0.24
STT logoSTTState Street CorporationProduct Competitor48.64B168.3117.912.98%13.01%10.76%1.07
TROW logoTROWT. Rowe Price Group, Inc.Product Competitor23.43B107.6511.643.12%28.28%17.56%0.07

Compare AMG vs Peers

Affiliated Managers Group, Inc. (AMG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BEN

Most directly comparable listed peer for AMG.

Scale Benchmark

vs MS

Larger-name benchmark to compare AMG against a more recognizable public peer.

Peer Set

Compare Top 5

vs BEN, IVZ, VRTS, CNNE

AMG Income Statement

Affiliated Managers Group, Inc. (AMG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income
-87.8M-80.6M-76.2M-92.3M-111.4M-114.4M-123.8M-133.3M-53.4M
NII Growth %
4.25%8.2%5.46%-21.13%-20.69%-2.69%-8.22%-7.67%59.94%
Net Interest Margin %
-1.01%-0.98%-1%-1.17%-1.26%-1.29%-1.37%-1.51%-0.58%
Interest Income
0000000083.1M
Interest Expense
87.8M80.6M76.2M92.3M111.4M114.4M123.8M133.3M136.5M
Loan Loss Provision
891.2M906.6M866.8M791.4M935.7M957.1M783.7M782M204.9M
Non-Interest Income
2.31B2.38B2.24B2.03B2.41B2.33B2.06B2.04B2.36B
Non-Interest Income %
100%100%100%100%100%100%100%100%96.6%
Total Revenue
2.31B▲ 0%
2.38B▲ 3.2%
2.24B▼ 5.8%
2.03B▼ 9.5%
2.41B▲ 19.0%
2.33B▼ 3.4%
2.06B▼ 11.7%
2.04B▼ 0.8%
2.45B▲ 19.8%
Revenue Growth %
5.03%3.18%-5.84%-9.47%18.98%-3.43%-11.67%-0.82%19.83%
Non-Interest Expense
218.1M624.2M542.6M481M399.4M452.9M419.5M418.9M1.33B
Efficiency Ratio
9.46%26.24%24.23%23.72%16.56%19.44%20.39%20.53%54.28%
Operating Income
1.11B▲ 0%
767M▼ 30.8%
754M▼ 1.7%
662.8M▼ 12.1%
965.9M▲ 45.7%
805.2M▼ 16.6%
730.8M▼ 9.2%
706.7M▼ 3.3%
776.8M▲ 9.9%
Operating Margin %
48.07%32.25%33.67%32.69%40.04%34.56%35.51%34.63%31.76%
Operating Income Growth %
57.08%-30.77%-1.69%-12.1%45.73%-16.64%-9.24%-3.3%9.92%
Pretax Income
1.07B▲ 0%
713.6M▼ 33.1%
308M▼ 56.8%
508.4M▲ 65.1%
1.14B▲ 124.4%
1.75B▲ 53.0%
1.09B▼ 37.5%
923.2M▼ 15.4%
1.19B▲ 28.5%
Pretax Margin %
46.3%30%13.75%25.08%47.3%74.97%53.04%45.23%48.51%
Income Tax
58.4M181.3M2.9M81.4M251M358.3M185.3M182.6M282.3M
Effective Tax Rate %
5.47%25.41%0.94%16.01%22%20.52%16.98%19.78%23.8%
Net Income
689.5M▲ 0%
243.6M▼ 64.7%
15.7M▼ 93.6%
202.2M▲ 1187.9%
565.7M▲ 179.8%
1.15B▲ 102.6%
672.9M▼ 41.3%
511.6M▼ 24.0%
716.6M▲ 40.1%
Net Margin %
29.91%10.24%0.7%9.97%23.45%49.19%32.7%25.07%29.3%
Net Income Growth %
45.83%-64.67%-93.55%1187.9%179.77%102.56%-41.28%-23.97%40.07%
Net Income (Continuing)
1.01B532.3M305.1M427M890.1M1.39B906.1M740.6M904M
EPS (Diluted)
12.03▲ 0%
4.52▼ 62.4%
0.31▼ 93.1%
4.33▲ 1296.8%
13.05▲ 201.4%
25.35▲ 94.3%
17.42▼ 31.3%
15.13▼ 13.1%
22.74▲ 50.3%
EPS Growth %
40.37%-62.43%-93.14%1296.77%201.39%94.25%-31.28%-13.15%50.3%
EPS (Basic)
12.304.540.314.3413.6529.7719.1816.4525.18
Diluted Shares Outstanding
58.6M53.8M50.6M46.7M44.8M49M42.2M36.1M33M

AMG Balance Sheet

Affiliated Managers Group, Inc. (AMG) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments
517.3M684.8M599M1.11B987M1.15B1.27B1.01B586M
Cash & Due from Banks
439.5M565.5M539.6M1.04B908.5M429.2M813.6M950M586M
Short Term Investments
77.8M119.3M59.4M74.9M78.5M716.9M461M56.6M0
Total Investments
3.55B3.11B2.47B2.41B2.59B3.28B3.23B2.84B3.58B
Investments Growth %
-2.49%-12.29%-20.72%-2.43%7.53%26.66%-1.45%-12.02%26.03%
Long-Term Investments
3.47B2.99B2.41B2.33B2.51B2.56B2.77B2.79B3.58B
Accounts Receivables
433.8M400.6M417.1M421.6M419.2M316M368.4M409.7M496.2M
Goodwill & Intangibles
4.11B3.94B3.83B3.71B4.66B4.52B4.34B4.28B4.17B
Goodwill
2.66B2.63B2.65B2.66B2.69B2.65B2.52B2.5B2.53B
Intangible Assets
1.45B1.31B1.18B1.05B1.97B1.88B1.81B1.78B1.64B
PP&E (Net)
111M104.3M92.3M79.6M73.9M68.5M67.3M57.6M54.4M
Other Assets
58.1M94M304M230.9M231.1M264.6M243.9M288.7M318.3M
Total Current Assets
951.1M1.09B1.02B1.54B1.41B1.46B1.64B1.42B1.08B
Total Non-Current Assets
7.75B7.13B6.64B6.35B7.47B7.42B7.42B7.41B8.13B
Total Assets
8.7B▲ 0%
8.22B▼ 5.6%
7.65B▼ 6.9%
7.89B▲ 3.1%
8.88B▲ 12.5%
8.88B▲ 0.1%
9.06B▲ 2.0%
8.83B▼ 2.5%
9.21B▲ 4.3%
Asset Growth %
-0.54%-5.55%-6.88%3.08%12.52%0.05%2.01%-2.52%4.26%
Return on Assets (ROA)
7.9%2.88%0.2%2.6%6.75%12.91%7.5%5.72%7.95%
Accounts Payable
000000000
Total Debt
1.85B2.61B2.24B2.31B2.49B2.54B2.54B2.62B2.69B
Net Debt
1.42B2.04B1.7B1.27B1.58B2.11B1.72B1.67B2.11B
Long-Term Debt
1.85B1.83B1.79B2.31B2.49B2.54B2.54B2.62B2.69B
Short-Term Debt
0779.7M449.7M000000
Other Liabilities
182.4M162.7M359.1M452.2M709.2M461.7M466.3M402.4M1.56B
Total Current Liabilities
807.2M746.6M634.6M712.4M789.1M778.3M628.5M639.1M0
Total Non-Current Liabilities
2.5B2.5B2.6B3.19B3.7B3.46B3.47B3.54B4.79B
Total Liabilities
3.31B3.25B3.24B3.9B4.49B4.24B4.1B4.18B4.79B
Total Equity
5.39B▲ 0%
4.97B▼ 7.8%
4.42B▼ 11.1%
3.99B▼ 9.7%
4.38B▲ 9.9%
4.64B▲ 5.9%
4.96B▲ 6.9%
4.65B▼ 6.3%
4.42B▼ 4.9%
Equity Growth %
5.69%-7.83%-11.13%-9.67%9.92%5.85%6.95%-6.34%-4.87%
Equity / Assets (Capital Ratio)
61.94%60.45%57.7%50.56%49.4%52.26%54.79%52.64%48.03%
Return on Equity (ROE)
13.15%4.7%0.33%4.81%13.51%25.39%14.01%10.64%15.8%
Book Value per Share
91.9992.3587.2785.4197.8794.71117.62128.77134.00
Tangible BV per Share
21.8119.0611.505.97-6.052.3714.8710.147.62
Common Stock
600K600K600K600K600K600K600K600K600K
Additional Paid-in Capital
808.6M835.6M707.2M728.9M651.6M695.5M741.4M733.1M616.1M
Retained Earnings
3.7B3.88B3.82B4.01B4.57B5.72B6.39B6.9B7.62B
Accumulated OCI
-21.8M-109M-108.8M-98.3M-87.9M-203.4M-167.6M-163.6M-106.8M
Treasury Stock
-663.7M-1.15B-1.48B-1.86B-2.35B-2.98B-3.38B-4.12B-4.89B
Preferred Stock
000000000

AMG Cash Flow Statement

Affiliated Managers Group, Inc. (AMG) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
1.17B1.14B929.1M1.01B1.26B1.05B874.3M932.1M1.01B
Operating CF Growth %
11.43%-2.55%-18.54%8.63%24.76%-16.24%-17.1%6.61%8.45%
Net Income
1.01B532.3M305.1M427M890.1M1.39B906.1M740.6M716.6M
Depreciation & Amortization
106.7M136.8M165.8M159.6M52.3M67.4M61.3M42.4M170.7M
Deferred Taxes
-123.6M51.9M-55.8M26.8M91.2M32M31.4M31.4M533.1M
Other Non-Cash Items
97.1M322.6M546.9M266.7M-21.1M-685.1M-8M62.9M-666.1M
Working Capital Changes
-8.9M-4.1M-123.3M10M120M138.5M-228.6M-56.8M53.8M
Cash from Investing
13.8M-18.2M-24.4M-53.7M-583.7M-109.9M264.5M379.1M-243.8M
Purchase of Investments
-37.2M-40.8M-85.4M-47.7M-73.5M-312M-731.1M-510.4M-204.4M
Sale/Maturity of Investments
100.1M48.6M72.9M47M56.4M280.2M1.01B898.1M338.9M
Net Investment Activity
62.9M7.8M-12.5M-700K-17.1M-31.8M277.4M387.7M134.5M
Acquisitions
-30.6M0-44.6M-44.5M-558.2M-66.7M200K-5.2M-362.4M
Other Investing
0-7.3M42.3M000-700K0-9.8M
Cash from Financing
-1.19B-983.1M-934.7M-455.4M-798.3M-1.4B-758.3M-1.18B-1.15B
Dividends Paid
-44.9M-64.4M-65.3M-16.8M-1.7M-1.6M-1.5M-1.4M-1M
Share Repurchases
-393.2M-505.8M-502.1M-650.2M-745.8M-775.3M-409.3M-816.3M-706.3M
Stock Issued
41.9M9.7M10.5M20.2M117.7M15.2M13.4M6.3M0
Net Stock Activity
-351.3M-496.1M-491.6M-630M-628.1M-760.1M-395.9M-810M-706.3M
Debt Issuance (Net)
-1000K-1000K-1000K1000K1000K-1000K01000K1000K
Other Financing
-533.5M-392M-338.5M-333.4M-335.5M-580.4M-360.9M-462.1M-514.6M
Net Change in Cash
8.7M▲ 0%
126M▲ 1348.3%
-25.9M▼ 120.6%
500.1M▲ 2030.9%
-131.2M▼ 126.2%
-479.3M▼ 265.3%
384.4M▲ 180.2%
136.4M▼ 64.5%
-364M▼ 366.9%
Exchange Rate Effect
14.2M-13.3M4.1M-100K-8.4M-21.2M3.9M1.1M17.6M
Cash at Beginning
430.8M439.5M565.5M539.6M1.04B908.5M429.2M813.6M950M
Cash at End
439.5M565.5M539.6M1.04B908.5M429.2M813.6M950M586M
Interest Paid
82.1M76.9M84.1M88.3M103M109.4M110.4M138.2M137.9M
Income Taxes Paid
165M160.2M102.7M12.4M87.1M120.2M314.5M142.5M110.7M
Free Cash Flow
1.15B▲ 0%
1.12B▼ 2.6%
919.5M▼ 18.0%
1B▲ 8.8%
1.25B▲ 25.0%
1.04B▼ 16.6%
861.9M▼ 17.4%
928.7M▲ 7.8%
1B▲ 8.2%
FCF Growth %
11.82%-2.6%-18.04%8.84%24.98%-16.59%-17.39%7.75%8.19%

AMG Banking Ratios

Affiliated Managers Group, Inc. (AMG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)
9.97%13.15%4.7%0.33%4.81%13.51%25.39%14.01%10.64%15.8%
Return on Assets (ROA)
5.72%7.9%2.88%0.2%2.6%6.75%12.91%7.5%5.72%7.95%
Net Interest Margin
-1.05%-1.01%-0.98%-1%-1.17%-1.26%-1.29%-1.37%-1.51%-0.58%
Efficiency Ratio
25.38%9.46%26.24%24.23%23.72%16.56%19.44%20.39%20.53%54.28%
Equity / Assets
58.29%61.94%60.45%57.7%50.56%49.4%52.26%54.79%52.64%48.03%
Book Value / Share
89.4791.9992.3587.2785.4197.8794.71117.62128.77134
NII Growth
-88.68%4.25%8.2%5.46%-21.13%-20.69%-2.69%-8.22%-7.67%59.94%
Dividend Payout
-6.51%26.44%415.92%8.31%0.3%0.14%0.22%0.27%0.14%
Related:AMG Dividend History·AMG Revenue History·AMG Price History·AMG P/E History·AMG Financial Ratios·AMG Institutional Holders

AMG SEC Filings & Documents

Affiliated Managers Group, Inc. (AMG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 26, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

AMG Frequently Asked Questions

Affiliated Managers Group, Inc. (AMG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Affiliated Managers Group, Inc. (AMG) grew revenue by 19.8% over the past year. This is strong growth.

Yes, Affiliated Managers Group, Inc. (AMG) is profitable, generating $716.7M in net income for fiscal year 2025 (29.3% net margin).

Dividend & Returns

Affiliated Managers Group, Inc. (AMG) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Affiliated Managers Group, Inc. (AMG) has a return on equity (ROE) of 15.8%. This is reasonable for most industries.

Industry Metrics

Affiliated Managers Group, Inc. (AMG) has a net interest margin (NIM) of -0.6%. NIM has been under pressure due to interest rate environment.

Affiliated Managers Group, Inc. (AMG) has an efficiency ratio of 54.3%. This is excellent, indicating strong cost control.

What if you invested $1,000 in AMG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in AMG be worth today?

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