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MGRE logoAffiliated Managers Group, Inc.(MGRE)Earnings, Financials & Key Ratios

MGRE•NYSE•Banking & Credit
$24.10
$643M mkt cap·1.1× P/E·Price updated May 6, 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%
  • Tangible BV/Share7.62-24.8%
  • Debt/Equity0.61+8.0%
Technical→

MGRE Key Insights

Affiliated Managers Group, Inc. (MGRE) 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 95 (top 5%)
  • ✓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.

MGRE Price & Volume

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

Loading chart...

MGRE Growth Metrics

Affiliated Managers Group, Inc. (MGRE) 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%

MGRE Recent Earnings

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

Full history →
●Beat EPS 2/4 qtrs (50%)●Beat Revenue 0/4 qtrs (0%)
Q1 2026Latest
Feb 12, 2026
EPS
$9.48
Est $8.86
+7.0%
Revenue
$557M
Est $579M
-3.8%
Q4 2025
Nov 3, 2025
EPS
$6.44
Est $5.89
+9.3%
Revenue
$528M
Est $545M
-3.1%
Q3 2025
Jul 31, 2025
EPS
$2.61
Est $5.29
-50.7%
Revenue
$493M
Est $506M
-2.6%
Q2 2025
May 8, 2025
EPS
$2.22
Est $5.10
-56.5%
Revenue
$497M
Est $500M
-0.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 12, 2026
$9.48vs $8.86+7.0%
$557Mvs $579M-3.8%
Q4 2025Nov 3, 2025
$6.44vs $5.89+9.3%
$528Mvs $545M-3.1%
Q3 2025Jul 31, 2025
$2.61vs $5.29-50.7%
$493Mvs $506M-2.6%
Q2 2025May 8, 2025
$2.22vs $5.10-56.5%
$497Mvs $500M-0.7%
Based on last 4 quarters of dataView full earnings history →

MGRE Peer Comparison

Affiliated Managers Group, Inc. (MGRE) 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
BEN logoBENFranklin Resources, Inc.Direct Competitor16.19B31.1634.243.45%5.64%0.94
IVZ logoIVZInvesco Ltd.Direct Competitor12.15B27.35-17.095.11%-1.74%0.78
VRTS logoVRTSVirtus Investment Partners, Inc.Direct Competitor960.2M143.417.18-8%13.51%2.74
DHIL logoDHILDiamond Hill Investment Group, Inc.Direct Competitor473.29M174.999.774.48%27.03%36.26
CNNE logoCNNECannae Holdings, Inc.Direct Competitor1.3B13.73-1.51-6.39%-121.15%-51.79%0.33
BLK logoBLKBlackRock, Inc.Product Competitor166.54B1073.5725.5614.27%9.86%0.29
STT logoSTTState Street CorporationProduct Competitor42.68B151.2418.4219.64%10.78%1.45
TROW logoTROWT. Rowe Price Group, Inc.Product Competitor23.09B106.1311.473.12%17.56%0.07

Compare MGRE vs Peers

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

Closest Rival

vs BEN

Most directly comparable listed peer for MGRE.

Scale Benchmark

vs MS

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

Peer Set

Compare Top 5

vs BEN, IVZ, VRTS, DHIL

MGRE Income Statement

Affiliated Managers Group, Inc. (MGRE) 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-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 Income0000000083.1M
Interest Expense87.8M80.6M76.2M92.3M111.4M114.4M123.8M133.3M136.5M
Loan Loss Provision891.2M906.6M866.8M791.4M935.7M957.1M783.7M782M204.9M
Non-Interest Income2.31B2.38B2.24B2.03B2.41B2.33B2.06B2.04B2.36B
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 Expense218.1M624.2M542.6M481M399.4M452.9M419.5M418.9M1.33B
Efficiency Ratio9.46%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 Tax58.4M181.3M2.9M81.4M251M358.3M185.3M182.6M282.3M
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 Outstanding58.6M53.8M50.6M46.7M44.8M49M42.2M36.1M33M

MGRE Balance Sheet

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

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments517.3M684.8M599M1.11B987M1.15B1.27B1.01B586M
Cash & Due from Banks439.5M565.5M539.6M1.04B908.5M429.2M813.6M950M586M
Short Term Investments77.8M119.3M59.4M74.9M78.5M716.9M461M56.6M0
Total Investments3.55B3.11B2.47B2.41B2.59B3.28B3.23B2.84B3.58B
Investments Growth %-2.49%-12.29%-20.72%-2.43%7.53%26.66%-1.45%-12.02%26.03%
Long-Term Investments3.47B2.99B2.41B2.33B2.51B2.56B2.77B2.79B3.58B
Accounts Receivables433.8M400.6M417.1M421.6M419.2M316M368.4M409.7M496.2M
Goodwill & Intangibles4.11B3.94B3.83B3.71B4.66B4.52B4.34B4.28B4.17B
Goodwill2.66B2.63B2.65B2.66B2.69B2.65B2.52B2.5B2.53B
Intangible Assets1.45B1.31B1.18B1.05B1.97B1.88B1.81B1.78B1.64B
PP&E (Net)111M104.3M92.3M79.6M73.9M68.5M67.3M57.6M54.4M
Other Assets58.1M94M304M230.9M231.1M264.6M243.9M288.7M318.3M
Total Current Assets951.1M1.09B1.02B1.54B1.41B1.46B1.64B1.42B1.08B
Total Non-Current Assets7.75B7.13B6.64B6.35B7.47B7.42B7.42B7.41B8.13B
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 Payable000000000
Total Debt1.85B2.61B2.24B2.31B2.49B2.54B2.54B2.62B2.69B
Net Debt1.42B2.04B1.7B1.27B1.58B2.11B1.72B1.67B2.11B
Long-Term Debt1.85B1.83B1.79B2.31B2.49B2.54B2.54B2.62B2.69B
Short-Term Debt0779.7M449.7M000000
Other Liabilities182.4M162.7M359.1M452.2M709.2M461.7M466.3M402.4M1.56B
Total Current Liabilities807.2M746.6M634.6M712.4M789.1M778.3M628.5M639.1M0
Total Non-Current Liabilities2.5B2.5B2.6B3.19B3.7B3.46B3.47B3.54B4.79B
Total Liabilities3.31B3.25B3.24B3.9B4.49B4.24B4.1B4.18B4.79B
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 Share91.9992.3587.2785.4197.8794.71117.62128.77134.00
Tangible BV per Share21.8119.0611.505.97-6.052.3714.8710.147.62
Common Stock600K600K600K600K600K600K600K600K600K
Additional Paid-in Capital808.6M835.6M707.2M728.9M651.6M695.5M741.4M733.1M616.1M
Retained Earnings3.7B3.88B3.82B4.01B4.57B5.72B6.39B6.9B7.62B
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 Stock000000000

MGRE Cash Flow Statement

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

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations1.17B1.14B929.1M1.01B1.26B1.05B874.3M932.1M1.01B
Operating CF Growth %11.43%-2.55%-18.54%8.63%24.76%-16.24%-17.1%6.61%8.45%
Net Income1.01B532.3M305.1M427M890.1M1.39B906.1M740.6M716.6M
Depreciation & Amortization106.7M136.8M165.8M159.6M52.3M67.4M61.3M42.4M170.7M
Deferred Taxes-123.6M51.9M-55.8M26.8M91.2M32M31.4M31.4M533.1M
Other Non-Cash Items97.1M322.6M546.9M266.7M-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 Investing13.8M-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 Investments100.1M48.6M72.9M47M56.4M280.2M1.01B898.1M338.9M
Net Investment Activity62.9M7.8M-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 Investing0-7.3M42.3M000-700K0-9.8M
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 Issued41.9M9.7M10.5M20.2M117.7M15.2M13.4M6.3M0
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 Effect14.2M-13.3M4.1M-100K-8.4M-21.2M3.9M1.1M17.6M
Cash at Beginning430.8M439.5M565.5M539.6M1.04B908.5M429.2M813.6M950M
Cash at End439.5M565.5M539.6M1.04B908.5M429.2M813.6M950M586M
Interest Paid82.1M76.9M84.1M88.3M103M109.4M110.4M138.2M137.9M
Income Taxes Paid165M160.2M102.7M12.4M87.1M120.2M314.5M142.5M110.7M
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%

MGRE Banking Ratios

Affiliated Managers Group, Inc. (MGRE) 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 Ratio25.38%9.46%26.24%24.23%23.72%16.56%19.44%20.39%20.53%54.28%
Equity / Assets58.29%61.94%60.45%57.7%50.56%49.4%52.26%54.79%52.64%48.03%
Book Value / Share89.4791.9992.3587.2785.4197.8794.71117.62128.77134
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%

MGRE SEC Filings & Documents

Affiliated Managers Group, Inc. (MGRE) 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

2
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 14, 2025·SEC

10-Q Quarterly Reports

5
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

MGRE Frequently Asked Questions

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

Growth & Financials

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

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

Dividend & Returns

Yes, Affiliated Managers Group, Inc. (MGRE) pays a dividend with a yield of 0.13%. This makes it attractive for income-focused investors.

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

Industry Metrics

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

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

Explore More MGRE

Affiliated Managers Group, Inc. (MGRE) 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

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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