APAM FY 2025 Earnings Report — Artisan Partners Asset Management Inc. Revenue & Financial Results | Market Cap Arena

Artisan Partners Asset Management Inc.APAM

FY 2025 Earnings

Reported February 20, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.2B	—	—	—	—
Op. Income	$400M	—	—	—	—
Gross Margin	45.7%	—	—	—	—
Net Margin	24.3%	—	—	—	—
EPS (Diluted)	$4.05	—	—	—	—
Free Cash Flow	$420M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$650M
GROSS PROFIT	$547M
R&D Expenses	$0
Selling & Marketing	$35M
General & Administrative	$112M
SG&A Expenses	$147M
Other Expenses	$0
Operating Expenses	$147M
Cost & Expenses	$797M
OPERATING INCOME	$400M
Interest Income	$12M
Interest Expense	$9M
Other Income/Expenses	$90M
INCOME BEFORE TAX	$489M
Income Tax Expense	$111M
Net Income from Continuing Ops	$378M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$290M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$9M
EBIT	$480M
EBITDA	$489M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$650M
GROSS PROFIT	$547M
R&D Expenses	$0
Selling & Marketing	$35M
General & Administrative	$112M
SG&A Expenses	$147M
Other Expenses	$0
Operating Expenses	$147M
Cost & Expenses	$797M
OPERATING INCOME	$400M
Interest Income	$12M
Interest Expense	$9M
Other Income/Expenses	$90M
INCOME BEFORE TAX	$489M
Income Tax Expense	$111M
Net Income from Continuing Ops	$378M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$290M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$9M
EBIT	$480M
EBITDA	$489M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$290M
Depreciation & Amortization	$9M
Stock-Based Compensation	$23M
Deferred Income Tax	$0
Other Non-Cash Items	$59M
Change in Working Capital	$38M
OPERATING CASH FLOW	$421M
Capital Expenditure	-$677.0K
Acquisitions (Net)	$0
Purchases of Investments	-$515M
Sales/Maturities of Investments	$302M
Other Investing Activities	$188M
NET CASH FROM INVESTING	-$25M
Net Debt Issuance	-$10M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$361M
NET CASH FROM FINANCING	-$371M
FREE CASH FLOW	$420M
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$256M
Short-Term Investments	$0
Net Receivables	$165M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$421M
PP&E (Net)	$138M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$638M
Tax Assets	$355M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.6B
Account Payables	$0
Short-Term Debt	$21M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$21M
Long-Term Debt	$289M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$300.0K
Other Non-Current Liabilities	$384M
TOTAL NON-CURRENT LIABILITIES	$774M
TOTAL LIABILITIES	$795M
Common Stock	$807.0K
Additional Paid-In Capital	$236M
Retained Earnings	$203M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$439M
Minority Interest	$344M
TOTAL EQUITY	$782M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$410M
Net Debt	$155M