Affiliated Managers Group, Inc.
AMG- Exchange
- NYSE
- Industry
- Investment Advice
- SEC CIK
- 0001004434
No open-market purchases or sales by Affiliated Managers Group, Inc. insiders were filed in the last 90 days; 571 institutions reported holding it in 13F filings for Q2 2026, worth $8.53B in total; Southeastern Asset Management (Longleaf) is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 10, 2026, 1:13 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 12, 2026 | Feb 6, 2025 | Feb 5, 2024 | Feb 6, 2023 | Feb 7, 2022 |
| Revenue | $2.07B | $2.04B | $2.06B | $2.33B | $2.41B |
| Operating expenses | $1.81B | $1.51B | $1.50B | $1.67B | $1.63B |
| Selling, general and administrative | $408.6M | $376.5M | $358.2M | $385.5M | $347.1M |
| Interest expense | – | – | $123.8M | $114.4M | $111.4M |
| Income tax | $282.3M | $182.6M | $185.3M | $358.3M | $251.0M |
| Net income | $716.6M | $511.6M | $672.9M | $1.15B | $565.7M |
| EPS, basic | $25.18 | $16.45 | $19.18 | $29.77 | $13.65 |
| EPS, diluted | $22.74 | $15.13 | $17.42 | $25.35 | $13.05 |
| Weighted shares, basic | 28.5M | 31.1M | 35.1M | 38.5M | 41.5M |
| Weighted shares, diluted | 33.0M | 36.1M | 42.2M | 49.0M | 44.8M |
| Margins and growth | |||||
| Net margin | 34.5% | 25.1% | 32.7% | 49.2% | 23.4% |
| Revenue growth, year over year | +1.6% | −0.8% | −11.7% | −3.4% | +19.0% |
| Net income growth, year over year | +40.1% | −24.0% | −41.3% | +102.6% | +179.8% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025! | FY2024! | FY2023! | FY2022! | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 12, 2026 | Feb 6, 2025 | Feb 5, 2024 | Feb 6, 2023 | Feb 7, 2022 |
| Cash and equivalents | $586.0M | $950.0M | $813.6M | $429.2M | $908.5M |
| Property, plant and equipment | $54.4M | $57.6M | $67.3M | $68.5M | $73.9M |
| Goodwill | $2.53B | $2.50B | $2.52B | $2.65B | $2.69B |
| Intangible assets | $1.64B | $1.78B | $1.81B | $1.88B | $1.97B |
| Total assets | $9.21B | $8.83B | $9.06B | $8.88B | $8.88B |
| Long-term debt | $2.69B | $2.62B | $2.54B | $2.54B | $2.49B |
| Total liabilities | $4.79B | $4.18B | $4.10B | $4.24B | $4.49B |
| Shareholders' equity | $4.18B | $4.30B | $4.57B | $4.18B | $3.71B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 12, 2026 | Feb 6, 2025 | Feb 5, 2024 | Feb 6, 2023 | Feb 7, 2022 |
| Operating cash flow | $973.2M | $932.1M | $874.3M | $1.05B | $1.26B |
| Capital expenditures | $6.10M | $3.40M | $12.4M | $11.4M | $8.40M |
| Free cash flow | $967.1M | $928.7M | $861.9M | $1.04B | $1.25B |
| Stock-based compensation | $59.2M | $111.6M | $112.1M | $113.8M | $126.7M |
| Dividends paid | $1.00M | $1.40M | $1.50M | $1.60M | $1.70M |
| Share buybacks | $706.3M | $709.8M | $341.9M | $713.8M | $595.3M |
| Investing cash flow | -$206.1M | $379.1M | $264.5M | -$109.9M | -$583.7M |
| Financing cash flow | -$1.15B | -$1.18B | -$758.3M | -$1.40B | -$798.3M |
| Net change in cash | -$370.0M | $131.1M | $387.4M | -$480.7M | -$123.6M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.9% | 5.5% | 5.4% | 4.9% | 5.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 5, 2026 | 24.7M | −12.2% | SEC |
| Aug 5, 2026 | 25.9M | −9.0% | SEC |
| May 5, 2026 | 26.4M | −7.1% | SEC |
| Feb 12, 2026 | 26.7M | −8.8% | SEC |
| Nov 4, 2025 | 28.1M | −6.9% | SEC |
| Aug 5, 2025 | 28.4M | −4.7% | SEC |
| May 6, 2025 | 28.4M | −10.8% | SEC |
| Feb 12, 2025 | 29.3M | −10.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.