APAM

MKT CAP:$3B

Artisan Partners Asset Management Inc.

Market Cap

$3B

Financial Services·Asset Management·🇺🇸 United States·NYSE

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$37.78-$3.63 (-8.77%)

Apr 24, 2026

Company Details

Artisan 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...

CEO

Jason A. Gottlieb

IPO Date

Mar 7, 2013

Website

www.artisanpartners.com

Key Metrics TTM

Revenue

$1.2B

— YoY

Net Income

$293M

EPS (Diluted)

$3.91

Free Cash Flow

$225M

Revenue / Share

$16.39

Gross Margin

61.8%

Operating Margin

35.2%

Net Margin

25.1%

FCF Margin

19.3%

P/S

2.3x

P/E

9.1x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 20, 2026

$1.2BEPS $4.05

Q4 2025

Feb 20, 2026

$351MEPS $1.22

Q2 2025

Aug 1, 2025

$283MEPS $0.94

Q4 2023

Feb 22, 2024

$249MEPS $0.85

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$282M	$142M	$107M
Q4 23	$249M	$112M	$76M
Q2 25	$283M	$117M	$80M
Q4 25	$351M	$349M	$147M

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q4 23	—	—
Q2 25	—	—
Q4 25	2.3x	9.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$191M	$188M
Q4 23	-$10M	-$12M
Q2 25	$51M	$51M
Q4 25	-$948.0K	-$1M

Capital Expenditures

Quarter	CapEx
Q1 22	$4M
Q4 23	$2M
Q2 25	$88.0K
Q4 25	$315.0K

CapEx

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$11M	4.0%
Q4 23	$8M	3.1%
Q2 25	$7M	2.4%
Q4 25	$3M	0.9%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$28M	$7M
Q4 23	$30M	$6M
Q2 25	$30M	$7M
Q4 25	$24M	$15M

Revenue Segments

Quarter	Asset Management	Investment Performance
Q1 22	$281M	$192.0K
Q4 23	$245M	$4M
Q2 25	$283M	—
Q4 25	$306M	$29M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$203M	$0	$203M
Q2 22	$163M	$0	$163M
Q3 22	$187M	$0	$187M
Q4 22	$143M	$0	$143M
Q1 23	$173M	$0	$173M
Q2 23	$198M	$0	$198M
Q3 23	$231M	$0	$231M
Q4 23	$178M	$0	$178M
Q1 24	$229M	$0	$229M
Q2 24	$233M	$0	$233M
Q3 24	$280M	$0	$280M
Q4 24	$268M	$0	$268M
Q1 25	$259M	$0	$259M
Q2 25	$312M	$0	$312M
Q3 25	$342M	$0	$342M
Q4 25	$256M	$0	$256M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	62M	—	—
Q4 23	69M	+11.3%	—
Q2 25	71M	+2.6%	—
Q4 25	71M	+0.1%	—

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$565.5K	498
Q4 23	$434.5K	573
Q2 25	$484.2K	584
Q4 25	$600.5K	584

Revenue / Employee