NYSE · Financial Statements

Affiliated Managers Group, Inc. (AMG) Financial Statements

$383.42 NYSE: AMG Market Cap $9.92B

Affiliated Managers Group, Inc. most recently reported annual revenue of $2.4B, net profit of $717.0M. Revenue grew at an average annual rate of 3.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Affiliated Managers Group, Inc.: Revenue rose from $2.2B in 2016 to $2.4B in 2025, a change of +11.4% over 9 years; net profit was positive in all 10 reported years; operating margin was broadly flat at about 31.8%; the most recent year shows net profit of $717.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.2B$2.3B$2.4B$2.2B$2.0B$2.4B$2.3B$2.1B$2.0B$2.4B
Operating Expenses$1.5B$1.2B$1.6B$1.5B$1.4B$1.4B$1.5B$1.3B$1.3B$1.7B
Operating Profit$705.0M$1.1B$767.0M$754.0M$663.0M$966.0M$805.0M$731.0M$707.0M$777.0M
Operating Margin32.1%48.1%32.3%33.7%32.7%40.0%34.6%35.5%34.6%31.8%
Other Income$269.0M$-41.0M$-53.0M$-446.0M$-154.0M$175.0M$941.0M$361.0M$217.0M$410.0M
Interest$92.0M$88.0M$81.0M$76.0M$92.0M$111.0M$114.0M$124.0M$133.0M$137.0M
Depreciation$130.0M$107.0M$137.0M$166.0M$160.0M$52.0M$67.0M$61.0M$42.0M$171.0M
Profit Before Tax$975.0M$1.1B$714.0M$308.0M$508.0M$1.1B$1.7B$1.1B$923.0M$1.2B
Tax$24.2M$5.5M$25.4M$940,000$16.0M$22.0M$20.5M$17.0M$19.8M$23.8M
Net Profit$473.0M$690.0M$244.0M$16.0M$202.0M$566.0M$1.1B$673.0M$512.0M$717.0M
EPS$8.57$12.03$4.52$0.31$4.33$13.05$25.35$17.42$15.13$22.74
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$525.0M$503.0M$500.0M$500.0M$516.0M$524.0M$497.0M$493.0M$528.0M$800.0M$545.0M$655.0M
Operating Expenses$318.0M$343.0M$342.0M$315.0M$328.0M$348.0M$411.0M$368.0M$363.0M$492.0M$468.0M$446.0M
Operating Profit$207.0M$160.0M$158.0M$185.0M$188.0M$176.0M$86.0M$125.0M$165.0M$309.0M$77.0M$209.0M
Operating Margin39.4%31.7%31.5%37.0%36.4%33.5%17.2%25.3%31.3%38.5%14.2%31.9%
Interest$31.0M$31.0M$30.0M$34.0M$35.0M$35.0M$34.0M$35.0M$33.0M$35.0M$38.0M$41.0M
Profit Before Tax$364.0M$274.0M$254.0M$178.0M$217.0M$274.0M$127.0M$172.0M$363.0M$526.0M$193.0M$307.0M
Tax$21.4M$10.9M$21.8M$24.3M$14.4M$19.2M$21.6M$20.8M$19.8M$28.1M$24.1M$22.8M
Net Profit$217.0M$196.0M$150.0M$76.0M$124.0M$162.0M$72.0M$84.0M$212.0M$348.0M$110.0M$186.0M
EPS$5.47$5.15$4.14$2.26$3.78$4.50$2.20$2.80$6.87$11.21$3.84$6.95

Over the 10 years reported for Affiliated Managers Group, Inc., borrowings increased from $2.1B in 2016 to $2.7B in 2025, cash stood at $586.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 1.34 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$8.7B$8.7B$8.2B$7.7B$7.9B$8.9B$8.9B$9.1B$8.8B$9.2B
Current Assets$937.0M$951.0M$1.1B$1.0B$1.5B$1.4B$1.5B$1.6B$1.4B$1.1B
Cash$431.0M$440.0M$566.0M$540.0M$1.0B$909.0M$429.0M$814.0M$950.0M$586.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$383.0M$434.0M$401.0M$417.0M$422.0M$419.0M$316.0M$368.0M$410.0M$496.0M
Fixed Assets$110.0M$111.0M$104.0M$92.0M$80.0M$74.0M$69.0M$67.0M$58.0M$54.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$3.6B$3.5B$3.1B$2.5B$2.4B$2.6B$3.3B$3.2B$2.8B$3.6B
Other Assets$2.6B$2.7B$2.6B$2.7B$2.7B$2.7B$2.6B$2.5B$2.5B$2.5B
Total Liabilities$3.6B$3.3B$3.3B$3.2B$3.9B$4.5B$4.2B$4.1B$4.2B$4.8B
Current Liabilities$729.0M$807.0M$747.0M$635.0M$712.0M$789.0M$778.0M$629.0M$639.0M$807.0M
Borrowings$2.1B$1.9B$2.6B$2.2B$2.3B$2.5B$2.5B$2.5B$2.6B$2.7B
Other Liabilities$1.5B$1.5B$641.0M$994.0M$1.6B$2.0B$1.7B$1.6B$1.6B$2.1B
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Reserves$3.6B$3.8B$3.5B$2.9B$2.8B$2.8B$3.2B$3.6B$3.3B$3.2B

For Affiliated Managers Group, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.0B; free cash flow was positive in 10 of 10 years; financing activities used $1.2B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$1.1B$1.2B$1.1B$929.0M$1.0B$1.3B$1.1B$874.0M$932.0M$1.0B
Investing Cash Flow$-1.4B$-5.0M$-37.0M$-34.0M$-62.0M$-592.0M$-121.0M$252.0M$376.0M$-250.0M
Financing Cash Flow$-490.0M$-927.0M$-898.0M$-841.0M$-984.0M$-1.1B$-1.4B$-770.0M$-1.3B$-1.2B
Net Cash Flow$-133.0M$9.0M$126.0M$-26.0M$500.0M$-131.0M$-479.0M$384.0M$136.0M$-364.0M
Free Cash Flow$1.0B$1.2B$1.1B$920.0M$1.0B$1.3B$1.0B$862.0M$929.0M$1.0B

Valuation & Return Ratios

MetricValue
PEG Ratio0.11
EV / EBITDA7.56
FCF Yield10.87%
Quick Ratio1.34
Interest Coverage5.18
Return 1Y60.16%
Return 3Y196.75%
Return 5Y148.31%

Affiliated Managers Group, Inc. (AMG) financials — frequently asked questions

What is Affiliated Managers Group, Inc.'s annual revenue?

Affiliated Managers Group, Inc. (AMG) reported annual revenue of $2.4B in its most recent fiscal year.

What is Affiliated Managers Group, Inc.'s net profit?

Affiliated Managers Group, Inc. (AMG) reported net profit of $717.0M in its most recent fiscal year.

What is AMG EV/EBITDA?

Affiliated Managers Group, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 7.56.

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