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APAM logoArtisan Partners Asset Management Inc.(APAM)Earnings, Financials & Key Ratios

APAM•NYSE•Banking & Credit
$37.58
$2.65B mkt cap·9.3× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryTraditional active asset managers
AboutArtisan Partners Asset Management Inc. is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans. It employs fundamental analysis to create its portfolios. Artisan Partners Asset Management Inc. was founded in 1994 and is based in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.Show more
  • Net Interest Income$3M+228.9%
  • Total Revenue$1.2B+7.6%
  • Net Income$290M+11.8%
  • Return on Equity37.89%-1.3%
  • Net Interest Margin0.21%+237.6%
  • Efficiency Ratio12.32%-9.3%
  • ROA18.17%+5.8%
  • Equity / Assets49.6%+7.1%
  • Book Value per Share11.93+3.3%
  • Tangible BV/Share11.93+3.3%
  • Debt/Equity0.52+30.8%
Technical→

APAM Key Insights

Artisan Partners Asset Management Inc. (APAM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 40.0%
  • ✓Efficient operations: 12.3% efficiency ratio
  • ✓Well capitalized: 49.6% equity/assets
  • ✓Diversified revenue: 99.0% from non-interest income

✗Weaknesses

  • ✗Weak NIM of 0.2%

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

APAM Price & Volume

Artisan Partners Asset Management Inc. (APAM) stock price & volume — 10-year historical chart

Loading chart...

APAM Growth Metrics

Artisan Partners Asset Management Inc. (APAM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.04%
5 Years5.87%
3 Years6.41%
TTM-

Profit CAGR

10 Years13.5%
5 Years6.43%
3 Years11.98%
TTM11.77%

EPS CAGR

10 Years8.09%
5 Years3.56%
3 Years11.27%
TTM9.52%

Return on Capital

10 Years56.98%
5 Years45.22%
3 Years33.34%
Last Year29.89%

APAM Recent Earnings

Artisan Partners Asset Management Inc. (APAM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Apr 28, 2026
EPS
$0.87
Est $0.91
-4.4%
Revenue
$303M
Est $304M
-0.3%
Q1 2026
Feb 3, 2026
EPS
$1.26
Est $1.11
+13.5%
Revenue
$336M
Est $324M
+3.6%
Q4 2025
Oct 28, 2025
EPS
$1.02
Est $0.97
+5.2%
Revenue
$301M
Est $322M
-6.5%
Q3 2025
Jul 29, 2025
EPS
$0.83
Est $0.82
+1.2%
Revenue
$272M
Est $300M
-9.5%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$0.87vs $0.91-4.4%
$303Mvs $304M-0.3%
Q1 2026Feb 3, 2026
$1.26vs $1.11+13.5%
$336Mvs $324M+3.6%
Q4 2025Oct 28, 2025
$1.02vs $0.97+5.2%
$301Mvs $322M-6.5%
Q3 2025Jul 29, 2025
$0.83vs $0.82+1.2%
$272Mvs $300M-9.5%
Based on last 12 quarters of dataView full earnings history →

APAM Peer Comparison

Artisan Partners Asset Management Inc. (APAM) 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
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
VRTS logoVRTSVirtus Investment Partners, Inc.Direct Competitor958.73M143.197.17-8%16.66%13.51%2.74
DHIL logoDHILDiamond Hill Investment Group, Inc.Direct Competitor473.29M174.999.774.48%30.89%27.03%36.26
CNNE logoCNNECannae Holdings, Inc.Direct Competitor1.3B13.67-1.51-6.39%-121.15%-51.79%0.33
AMG logoAMGAffiliated Managers Group, Inc.Product Competitor8.1B303.6413.3519.83%29.3%16.01%12.4%0.61
TROW logoTROWT. Rowe Price Group, Inc.Product Competitor22.65B104.1111.263.12%28.53%17.56%6.53%0.07
BEN logoBENFranklin Resources, Inc.Product Competitor15.83B30.4633.473.45%5.98%5.64%5.76%0.94
IVZ logoIVZInvesco Ltd.Product Competitor11.92B26.83-16.775.11%-4.42%-1.74%12.09%0.78
VCTR logoVCTRVictory Capital Holdings, Inc.Product Competitor5.17B81.2618.558.82%32.33%8.96%6.55%0.86

Compare APAM vs Peers

Artisan Partners Asset Management Inc. (APAM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VRTS

Most directly comparable listed peer for APAM.

Scale Benchmark

vs MS

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

Peer Set

Compare Top 5

vs VRTS, DHIL, CNNE, AMG

APAM Income Statement

Artisan Partners Asset Management Inc. (APAM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income-11.45M-11.22M-11.05M-10.8M-10.24M-9.58M-2.27M1M3.3M
NII Growth %1.75%1.97%1.51%2.26%5.18%6.49%76.3%144.14%228.94%
Net Interest Margin %-1.37%-1.39%-1.18%-0.94%-0.85%-0.78%-0.16%0.06%0.21%
Interest Income0046K0559K333K6.3M9.61M11.85M
Interest Expense11.45M11.22M11.1M10.8M10.8M9.91M8.57M8.61M8.55M
Loan Loss Provision391.43M401.94M388.84M425.01M552.25M500.49M520.82M585.51M641.03M
Non-Interest Income795.62M828.63M798.91M899.57M1.23B992.95M968.83M1.1B1.18B
Non-Interest Income %100%100%99.99%100%99.95%99.97%99.35%99.14%99.01%
Total Revenue
795.62M▲ 0%
828.63M▲ 4.1%
798.95M▼ 3.6%
899.57M▲ 12.6%
1.23B▲ 36.4%
993.28M▼ 19.1%
975.13M▼ 1.8%
1.11B▲ 14.0%
1.2B▲ 7.6%
Revenue Growth %10.37%4.15%-3.58%12.59%36.43%-19.06%-1.83%14.02%7.63%
Non-Interest Expense106.33M110.53M115.04M105.42M123.69M138.8M142.14M151.05M147.48M
Efficiency Ratio13.36%13.34%14.4%11.72%10.08%13.97%14.58%13.59%12.32%
Operating Income
286.41M▲ 0%
304.94M▲ 6.5%
283.45M▼ 7.0%
358.32M▲ 26.4%
540.49M▲ 50.8%
344.1M▼ 36.3%
303.59M▼ 11.8%
366.63M▲ 20.8%
399.63M▲ 9.0%
Operating Margin %36%36.8%35.48%39.83%44.04%34.64%31.13%32.98%33.39%
Operating Income Growth %22.28%6.47%-7.05%26.41%50.84%-36.34%-11.77%20.76%9%
Pretax Income
571.25M▲ 0%
301.79M▼ 47.2%
269.27M▼ 10.8%
369.3M▲ 37.1%
551.55M▲ 49.4%
311.83M▼ 43.5%
383.69M▲ 23.0%
440.55M▲ 14.8%
489.14M▲ 11.0%
Pretax Margin %71.8%36.42%33.7%41.05%44.94%31.39%39.35%39.63%40.87%
Income Tax420.51M47.6M27.81M60.8M107.03M63.45M71.89M90.9M111.25M
Effective Tax Rate %73.61%15.77%10.33%16.46%19.4%20.35%18.74%20.63%22.74%
Net Income
49.6M▲ 0%
158.31M▲ 219.2%
156.54M▼ 1.1%
212.62M▲ 35.8%
336.52M▲ 58.3%
206.75M▼ 38.6%
222.29M▲ 7.5%
259.75M▲ 16.9%
290.32M▲ 11.8%
Net Margin %6.23%19.1%19.59%23.64%27.42%20.82%22.8%23.36%24.26%
Net Income Growth %-32.08%219.18%-1.12%35.83%58.27%-38.56%7.51%16.85%11.77%
Net Income (Continuing)150.74M254.19M241.46M308.5M444.52M248.38M311.8M349.65M377.8M
EPS (Diluted)
0.75▲ 0%
2.84▲ 278.7%
2.65▼ 6.7%
3.40▲ 28.3%
5.09▲ 49.7%
2.94▼ 42.2%
3.19▲ 8.5%
3.66▲ 14.7%
4.05▲ 10.7%
EPS Growth %-52.23%278.67%-6.69%28.3%49.71%-42.24%8.5%14.73%10.66%
EPS (Basic)0.752.842.653.405.102.943.193.664.05
Diluted Shares Outstanding44.65M48.86M51.13M55.64M59.88M62.5M63.49M64.94M65.6M

APAM Balance Sheet

Artisan Partners Asset Management Inc. (APAM) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments159.17M174.91M143.63M198.82M200.14M143.25M178.47M268.22M255.51M
Cash & Due from Banks159.17M174.91M143.63M198.82M200.14M143.25M178.47M268.22M255.51M
Short Term Investments000000000
Total Investments5.14B84.28M130.61M234.04M242.88M341.16M514.62M670.93M638.28M
Investments Growth %-18.5%-98.36%54.97%79.18%3.78%40.46%50.84%30.38%-4.87%
Long-Term Investments158.99M84.28M130.61M234.04M242.88M341.16M514.62M670.93M638.28M
Accounts Receivables89.9M71.19M81.35M101.26M116.28M89.96M108.08M122.69M10.71M
Goodwill & Intangibles-21.02M-29.14M0000000
Goodwill429.21M429.13M0000000
Intangible Assets-450.24M-458.27M0000000
PP&E (Net)21.02M29.14M126.65M115.18M123.95M149.51M141.38M124.84M138.3M
Other Assets193.99M63.39M3.1M6.94M7.74M4.33M5.56M4.19M25.29M
Total Current Assets262.23M258.67M237.36M313.75M335.57M262.58M307.77M409.41M420.72M
Total Non-Current Assets623.2M576.8M696.26M838.22M872.48M972.03M1.1B1.21B1.16B
Total Assets
837.15M▲ 0%
805.01M▼ 3.8%
933.62M▲ 16.0%
1.15B▲ 23.4%
1.21B▲ 4.9%
1.23B▲ 2.2%
1.41B▲ 13.9%
1.62B▲ 15.1%
1.58B▼ 2.6%
Asset Growth %-10.58%-3.84%15.98%23.39%4.87%2.2%13.87%15.14%-2.56%
Return on Assets (ROA)5.59%19.28%18.01%20.39%28.52%16.93%16.84%17.18%18.17%
Accounts Payable21.24M18.78M54.08M134.09M49.18M50.77M63.59M139.39M0
Total Debt199.13M199.3M300.26M291.95M299.75M319.9M312.66M300.71M410.21M
Net Debt39.96M24.39M156.63M93.13M99.61M176.65M134.19M32.49M154.7M
Long-Term Debt199.13M199.3M199.1M199.28M199.44M199.05M199.27M199.43M289.33M
Short-Term Debt0000000020.69M
Other Liabilities119.71M74.39M65.45M28.66M26.7M50.51M42.58M66.73M384.37M
Total Current Liabilities410.25M390.84M429.41M546.56M474.6M449.56M446.87M501.4M20.69M
Total Non-Current Liabilities318.84M273.69M365.71M320.61M326.45M370.41M355.24M367.44M774.18M
Total Liabilities666.51M630.18M795.12M867.17M801.05M819.97M802.1M868.84M794.87M
Total Equity
108.06M▲ 0%
140.49M▲ 30.0%
138.5M▼ 1.4%
284.8M▲ 105.6%
407M▲ 42.9%
414.64M▲ 1.9%
603.76M▲ 45.6%
749.92M▲ 24.2%
782.4M▲ 4.3%
Equity Growth %-8.2%30%-1.41%105.63%42.91%1.88%45.61%24.21%4.33%
Equity / Assets (Capital Ratio)12.91%17.45%14.83%24.72%33.69%33.58%42.95%46.33%49.6%
Return on Equity (ROE)43.94%127.38%112.22%100.46%97.29%50.33%43.65%38.38%37.89%
Book Value per Share2.422.882.715.126.806.639.5111.5511.93
Tangible BV per Share2.893.472.715.126.806.639.5111.5511.93
Common Stock756K769K778K786K790K796K799K804K807K
Additional Paid-in Capital147.91M97.55M89.15M107.74M141.84M171.42M193.72M220.84M236.33M
Retained Earnings-37.87M38.62M44.45M72.94M134.89M93.09M132.13M170.04M203.39M
Accumulated OCI-873K-1.9M-1.43M-991K-1.31M-3.08M-2.5M-2.76M-1.69M
Treasury Stock000000000
Preferred Stock000000000

APAM Cash Flow Statement

Artisan Partners Asset Management Inc. (APAM) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations225.95M333.32M292.79M318.68M398.55M312.61M377.71M372.84M171.99M
Operating CF Growth %-16.42%47.52%-12.16%8.84%25.06%-21.56%20.82%-1.29%-53.87%
Net Income150.74M138.86M241.46M308.5M444.52M248.38M202.41M349.65M377.88M
Depreciation & Amortization5.3M5.67M6.23M6.63M6.93M7.8M9.35M9.86M9.38M
Deferred Taxes104.5M24.61M26.91M32.66M38.02M29.24M044.18M55.16M
Other Non-Cash Items-63.54M76.96M-58.7M-43.63M-110.15M-50.77M103.42M-168.76M-320.46M
Working Capital Changes-33.93M33.66M33.8M-22.51M-20.43M36.43M62.53M105.43M21.49M
Cash from Investing-4.7M-14.34M-17.51M18.75M-26.97M-63.73M-67.18M-24.87M35.25M
Purchase of Investments-5.25M-500K-10K-2.15M-308.28M-49.34M-441.8M-408.87M-41.41M
Sale/Maturity of Investments6.38M0288K24M12.81M5.16M383.25M292.49M77.33M
Net Investment Activity1.13M-500K278K21.85M-295.47M-44.17M-58.55M-116.38M35.92M
Acquisitions000000000
Other Investing0000274.46M0096.27M0
Cash from Financing-218.86M-263.48M-306.57M-282.23M-335.43M-306.4M-270.63M-254.22M-182.96M
Dividends Paid-131.02M-167.78M-188.18M-203.01M-274.74M-248.7M-183.38M-221.96M-257.11M
Share Repurchases-162.49M-21.48M0-63.03M-56.17M00-6.83M0
Stock Issued162.49M0063.03M00000
Net Stock Activity0-21.48M00-56.17M00-6.83M0
Debt Issuance (Net)00000000-1000K
Other Financing-87.84M-71.66M-118.39M-79.23M-4.52M-57.71M-87.25M-25.43M84.14M
Net Change in Cash
2.39M▲ 0%
15.74M▲ 558.5%
-31.28M▼ 298.7%
55.2M▲ 276.5%
1.32M▼ 97.6%
-57.52M▼ 4454.5%
35.22M▲ 161.2%
89.75M▲ 154.8%
-12.71M▼ 114.2%
Exchange Rate Effect0000-34.82M0-4.68M-4M-36.99M
Cash at Beginning157.41M159.8M175.53M144.25M199.45M200.77M143.25M178.47M268.22M
Cash at End159.8M175.53M144.25M199.45M200.77M143.25M178.47M268.22M255.51M
Interest Paid11.02M10.69M10.65M10.26M10.21M10.3M07.68M0
Income Taxes Paid25.3M20.73M18.59M35.48M70.34M31.57M042.72M57.03M
Free Cash Flow
220.12M▲ 0%
319.48M▲ 45.1%
275.01M▼ 13.9%
315.58M▲ 14.8%
392.58M▲ 24.4%
293.05M▼ 25.4%
369.07M▲ 25.9%
368.09M▼ 0.3%
171.31M▼ 53.5%
FCF Growth %-16.33%45.14%-13.92%14.75%24.4%-25.35%25.94%-0.27%-53.46%

APAM Banking Ratios

Artisan Partners Asset Management Inc. (APAM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)62.35%43.94%127.38%112.22%100.46%97.29%50.33%43.65%38.38%37.89%
Return on Assets (ROA)7.76%5.59%19.28%18.01%20.39%28.52%16.93%16.84%17.18%18.17%
Net Interest Margin-1.24%-1.37%-1.39%-1.18%-0.94%-0.85%-0.78%-0.16%0.06%0.21%
Efficiency Ratio14.26%13.36%13.34%14.4%11.72%10.08%13.97%14.58%13.59%12.32%
Equity / Assets12.57%12.91%17.45%14.83%24.72%33.69%33.58%42.95%46.33%49.6%
Book Value / Share3.092.422.882.715.126.86.639.5111.5511.93
NII Growth0.45%1.75%1.97%1.51%2.26%5.18%6.49%76.3%144.14%228.94%
Dividend Payout158%264.16%105.98%120.21%95.48%75.61%120.29%82.5%76.21%88.56%

APAM SEC Filings & Documents

Artisan Partners Asset Management Inc. (APAM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Apr 10, 2026·SEC

Material company update

Mar 10, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

FY 2025

May 2, 2025·SEC

APAM Frequently Asked Questions

Artisan Partners Asset Management Inc. (APAM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Artisan Partners Asset Management Inc. (APAM) grew revenue by 7.6% over the past year. This is steady growth.

Yes, Artisan Partners Asset Management Inc. (APAM) is profitable, generating $290.3M in net income for fiscal year 2025 (24.3% net margin).

Dividend & Returns

Yes, Artisan Partners Asset Management Inc. (APAM) pays a dividend with a yield of 10.43%. This makes it attractive for income-focused investors.

Artisan Partners Asset Management Inc. (APAM) has a return on equity (ROE) of 37.9%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Artisan Partners Asset Management Inc. (APAM) has a net interest margin (NIM) of 0.2%. NIM has been under pressure due to interest rate environment.

Artisan Partners Asset Management Inc. (APAM) has an efficiency ratio of 12.3%. This is excellent, indicating strong cost control.

Explore More APAM

Artisan Partners Asset Management Inc. (APAM) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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