What is APAM revenue?

Artisan Partners Asset Management Inc. (APAM) reported $1.26B of revenue for the twelve months ended Sep 30, 2026. That is up 8.7% from the year before. Revenue for fiscal 2025 was $1.20B.

Yes. Artisan Partners Asset Management Inc. earned $308.86M in net income for the twelve months ended Sep 30, 2026, a net margin of 24.5%.

How much cash and debt does APAM have?

Artisan Partners Asset Management Inc. reported $378.05M in cash and cash equivalents and $189.28M of debt on its most recent balance sheet in SEC filings.

How fast is APAM revenue growing?

Artisan Partners Asset Management Inc.'s revenue changed +7.6% in fiscal 2025, to $1.20B. Its compound annual growth rate was +5.9% over 5 years and +4.0% over 10 years.

What is APAM free cash flow?

Artisan Partners Asset Management Inc. generated $327.75M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $330.25M less capital expenditures.

What is APAM earnings per share?

Diluted earnings per share were $4.27 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did APAM last report financial results?

The latest statements here come from Artisan Partners Asset Management Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.

Financials · APAM

Artisan Partners Asset Management Inc. (APAM) financials

For the twelve months ended Sep 30, 2026, Artisan Partners Asset Management Inc. reported $1.26B of revenue and $308.86M of net income.

Revenue, TTM: $1.26B
Revenue growth, YoY: +8.7%
Net income, TTM: $308.86M
Net income growth, YoY: +16.5%
Net margin: 24.5%
Free cash flow, TTM: $327.75M
EPS, diluted, TTM: $4.27
EPS growth, YoY: +16.0%
Cash: $378.05M
Total debt: $189.28M
P/E: 10.46
P/S: 2.56
Market cap: $3.23B

Annual revenue$1.20B

FY2016FY2025

Annual net income$290.32M

FY2016FY2025

Annual free cash flow$171.62M

FY2016FY2025

APAM revenue and earnings growth

APAM revenueQ3 2026$312.52M

Quarter YoY: +3.7%
QoQ: +1.5%
FY YoY: +7.6%
5Y CAGR: +5.9%
10Y CAGR: +4.0%

APAM revenue was $312.52M in fiscal Q3 2026 (ended Sep 30, 2026), up 3.7% from a year earlier and up 1.5% from the prior quarter. For the full fiscal 2025 it was $1.20B, up 7.6% from fiscal 2024. Compound annual growth was +5.9% over 5 years and +4.0% over 10 years. It rose in 6 of the last 10 fiscal years.

APAM net incomeQ3 2026$75.20M

Quarter YoY: +12.5%
QoQ: -7.0%
FY YoY: +11.8%
5Y CAGR: +6.4%
10Y CAGR: +13.5%

APAM net income was $75.20M in fiscal Q3 2026 (ended Sep 30, 2026), up 12.5% from a year earlier and down 7.0% from the prior quarter. For the full fiscal 2025 it was $290.32M, up 11.8% from fiscal 2024. Compound annual growth was +6.4% over 5 years and +13.5% over 10 years. It rose in 6 of the last 10 fiscal years.

APAM EPSQ3 2026$1.04

Quarter YoY: +11.8%
QoQ: -6.3%
FY YoY: +10.7%
5Y CAGR: +3.6%
10Y CAGR: +8.1%

APAM diluted EPS was $1.04 in fiscal Q3 2026 (ended Sep 30, 2026), up 11.8% from a year earlier and down 6.3% from the prior quarter. For the full fiscal 2025 it was $4.05, up 10.7% from fiscal 2024. Compound annual growth was +3.6% over 5 years and +8.1% over 10 years.

APAM free cash flowQ3 2026$108.41M

Quarter YoY: +168.4%
QoQ: -6.1%
FY YoY: -53.8%
5Y CAGR: -11.5%
10Y CAGR: -6.0%

APAM free cash flow was $108.41M in fiscal Q3 2026 (ended Sep 30, 2026), up 168.4% from a year earlier and down 6.1% from the prior quarter. For the full fiscal 2025 it was $171.62M, down 53.8% from fiscal 2024. Compound annual growth was -11.5% over 5 years and -6.0% over 10 years. It rose in 4 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$1.20B	$1.11B	$975.13M	$993.28M	$1.23B	$899.57M	$798.95M	$828.63M	$795.62M	$720.86M
Operating income	$399.63M	$366.63M	$303.59M	$344.10M	$540.49M	$358.32M	$283.45M	$304.94M	$286.41M	$234.23M
Interest expense	$8.55M	$8.61M	$8.57M	$9.91M	$10.80M	$10.80M	$11.05M	$11.22M	$11.45M	$11.65M
Pre-tax income	$489.13M	$440.55M	$383.69M	$311.83M	$551.55M	$369.30M	$269.27M	$301.79M	$571.25M	$224.48M
Income tax	$111.25M	$90.90M	$71.89M	$63.45M	$107.03M	$60.80M	$27.81M	$47.60M	$420.51M	$51.48M
Net income	$290.32M	$259.75M	$222.29M	$206.75M	$336.52M	$212.62M	$156.54M	$158.31M	$49.60M	$73.03M
EPS, basic	$4.05	$3.66	$3.19	$2.94	$5.10	$3.40	$2.65	$2.84	$0.75	$1.57
EPS, diluted	$4.05	$3.66	$3.19	$2.94	$5.09	$3.40	$2.65	$2.84	$0.75	$1.57
Diluted shares	65.6M	64.9M	63.5M	62.5M	59.9M	55.6M	51.1M	48.9M	44.6M	38.1M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$255.51M	$268.22M	$178.47M	$143.25M	$200.77M	$199.45M	$144.25M	$175.53M	$159.80M	$157.41M
Goodwill	$0	-	-	-	-	-	-	-	-	-
Total assets	$1.58B	$1.62B	$1.41B	$1.23B	$1.21B	$1.15B	$933.62M	$805.01M	$837.15M	$936.17M
Total debt	$189.14M	$199.43M	$199.27M	$199.05M	$199.44M	$199.28M	$199.10M	$199.30M	$199.13M	$199.48M
Total liabilities	$794.87M	$868.84M	$802.10M	$819.97M	$801.05M	$867.17M	$752.01M	$630.18M	$666.51M	$818.45M
Shareholders' equity	$438.83M	$422.00M	$351.35M	$279.36M	$295.96M	$191.04M	$138.50M	$140.49M	$108.06M	$117.71M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$171.99M	$372.84M	$253.03M	$312.61M	$398.55M	$318.68M	$292.79M	$333.32M	$225.95M	$270.36M
Capital expenditures	$371.0K	$1.57M	$2.26M	$6.64M	$2.44M	$2.05M	$3.50M	$2.83M	$1.58M	$2.93M
Free cash flow	$171.62M	$371.27M	$250.77M	$305.97M	$396.12M	$316.63M	$289.30M	$330.49M	$224.38M	$267.43M
Investing cash flow	$35.25M	-$24.87M	-$38.17M	-$63.73M	-$26.97M	$18.75M	-$17.51M	-$14.34M	-$4.70M	-$2.33M
Financing cash flow	-$182.96M	-$254.22M	-$174.96M	-$306.40M	-$335.43M	-$282.23M	-$306.57M	-$263.48M	-$218.86M	-$277.71M
Dividends paid	$257.11M	$221.96M	$183.38M	$248.70M	$274.74M	$203.01M	$188.18M	$167.78M	$131.02M	$115.38M
Stock-based compensation	$27.39M	$31.27M	$32.17M	$40.00M	$39.24M	$36.49M	$42.12M	$52.88M	-	-
Depreciation and amortization	$9.38M	$9.86M	$9.35M	$7.80M	$6.93M	$6.63M	$6.23M	$5.67M	$5.30M	$5.27M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	7.6%	14.0%	-1.8%	-19.1%	36.4%	12.6%	-3.6%	4.1%	10.4%	-10.5%
Net income growth, YoY	11.8%	16.9%	7.5%	-38.6%	58.3%	35.8%	-1.1%	219.2%	-32.1%	-10.7%
EPS growth, YoY	10.7%	14.7%	8.5%	-42.2%	49.7%	28.3%	-6.7%	278.7%	-52.2%	-15.6%
Operating margin	33.4%	33.0%	31.1%	34.6%	44.0%	39.8%	35.5%	36.8%	36.0%	32.5%
Net margin	24.3%	23.4%	22.8%	20.8%	27.4%	23.6%	19.6%	19.1%	6.2%	10.1%
Free cash flow margin	14.3%	33.4%	25.7%	30.8%	32.3%	35.2%	36.2%	39.9%	28.2%	37.1%
Return on equity	66.2%	61.6%	63.3%	74.0%	113.7%	111.3%	113.0%	112.7%	45.9%	62.0%
Return on assets	18.4%	16.0%	15.8%	16.7%	27.9%	18.5%	16.8%	19.7%	5.9%	7.8%
Debt to equity	0.43	0.47	0.57	0.71	0.67	1.04	1.44	1.42	1.84	1.69

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$312.52M	$307.91M	$303.01M	$335.50M	$301.29M	$282.75M	$277.15M	$297.05M	$279.58M	$270.82M	$264.35M	$249.00M
Operating income	$109.78M	$84.62M	$94.21M	$131.50M	$101.82M	$79.77M	$86.53M	$109.16M	$93.18M	$86.64M	$77.64M	$76.43M
Interest expense	$2.22M	$2.21M	$2.10M	$2.10M	$2.22M	$2.18M	$2.05M	$2.16M	$2.20M	$2.19M	$2.06M	$2.05M
Pre-tax income	$108.38M	$126.73M	$86.38M	$147.50M	$123.45M	$120.85M	$97.34M	$113.11M	$128.79M	$89.99M	$108.67M	$113.03M
Income tax	$19.69M	$25.90M	$18.76M	$29.41M	$36.97M	$24.86M	$20.01M	$25.59M	$24.60M	$18.74M	$21.96M	$20.23M
Net income	$75.20M	$80.83M	$58.04M	$94.80M	$66.83M	$67.56M	$61.14M	$69.70M	$72.99M	$57.57M	$59.48M	$64.76M
EPS, basic	$1.04	$1.11	$0.76	$1.36	$0.93	$0.94	$0.82	$0.99	$1.03	$0.80	$0.84	$0.95
EPS, diluted	$1.04	$1.11	$0.76	$1.36	$0.93	$0.94	$0.82	$0.99	$1.03	$0.80	$0.84	$0.95
Diluted shares	66.4M	66.4M	66.1M	-	65.7M	65.6M	65.4M	-	65.2M	65.0M	64.4M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$378.05M	$350.62M	$300.44M	$255.51M	$342.18M	$311.60M	$258.97M	$268.22M	$279.80M	$232.95M	$228.59M	$178.47M
Goodwill	$40.34M	$40.34M	$40.34M	$0	-	-	-	-	-	-	-	-
Total assets	$1.52B	$1.46B	$1.44B	$1.58B	$1.58B	$1.44B	$1.37B	$1.62B	$1.61B	$1.51B	$1.52B	$1.41B
Total debt	$189.28M	$189.24M	$189.19M	$189.14M	$189.15M	$199.51M	$199.47M	$199.43M	$199.39M	$199.35M	$199.31M	$199.27M
Total liabilities	$929.86M	$908.14M	$927.61M	$794.87M	$884.55M	$840.41M	$868.07M	$868.84M	$906.59M	$857.16M	$898.97M	$802.10M
Shareholders' equity	$443.38M	$465.31M	$433.13M	$438.83M	$440.87M	$419.08M	$394.64M	$422.00M	$405.03M	$371.70M	$353.79M	$351.35M

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$109.94M	$115.80M	$181.76M	-$77.25M	$40.42M	$50.94M	$157.87M	$37.17M	$112.76M	$75.88M	$147.02M	-$9.77M
Capital expenditures	$1.53M	$373.0K	$518.0K	$67.0K	$35.0K	$63.0K	$206.0K	$464.0K	$341.0K	$649.0K	$116.0K	$1.67M
Free cash flow	$108.41M	$115.43M	$181.24M	-$77.32M	$40.39M	$50.88M	$157.67M	$36.71M	$112.42M	$75.23M	$146.90M	-$11.45M
Investing cash flow	-$12.26M	$34.80M	-$12.00M	$30.95M	$9.84M	$32.74M	-$38.28M	-$451.0K	$232.0K	$4.46M	-$29.11M	-$1.64M
Financing cash flow	-$70.26M	-$100.42M	-$95.09M	-$40.37M	-$19.68M	-$31.05M	-$91.86M	-$48.30M	-$66.14M	-$75.98M	-$63.79M	-$40.65M
Dividends paid	$57.25M	$55.06M	$112.46M	$62.42M	$51.81M	$48.18M	$94.70M	$57.93M	$50.09M	$42.92M	$71.01M	$44.93M
Stock-based compensation	$6.56M	$6.87M	$7.24M	$6.35M	$6.72M	$6.86M	$7.46M	$7.72M	$7.49M	$7.78M	$8.28M	$7.69M
Depreciation and amortization	$2.16M	$2.24M	$2.30M	$2.06M	$2.34M	$2.48M	$2.49M	$2.36M	$2.68M	$2.44M	$2.39M	$2.45M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	3.7%	8.9%	9.3%	12.9%	7.8%	4.4%	4.8%	19.3%	12.4%	11.5%	12.7%	10.2%
Net income growth, YoY	12.5%	19.6%	-5.1%	36.0%	-8.4%	17.3%	2.8%	7.6%	37.3%	7.4%	17.2%	22.6%
EPS growth, YoY	11.8%	18.1%	-7.3%	37.4%	-9.7%	17.5%	-2.4%	4.2%	35.5%	5.3%	16.7%	23.4%
Operating margin	35.1%	27.5%	31.1%	39.2%	33.8%	28.2%	31.2%	36.7%	33.3%	32.0%	29.4%	30.7%
Net margin	24.1%	26.3%	19.2%	28.3%	22.2%	23.9%	22.1%	23.5%	26.1%	21.3%	22.5%	26.0%
Free cash flow margin	34.7%	37.5%	59.8%	-23.0%	13.4%	18.0%	56.9%	12.4%	40.2%	27.8%	55.6%	-4.6%
Debt to equity	0.43	0.41	0.44	0.43	0.43	0.48	0.51	0.47	0.49	0.54	0.56	0.57

Source: XBRL data Artisan Partners Asset Management Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

APAM peers

Company	Revenue	Growth	Net income	Net margin	Market cap
APAM	$1.26B	+8.7%	$308.86M	24.5%	$3.23B
BXBlackstone Inc.	$16.08B	+22.1%	$3.56B	22.1%	$93.11B
KKRKKR & Co. Inc.	$20.35B	+19.8%	$3.41B	16.8%	$88.05B
APOApollo Global Management Inc. (New)	$30.82B	+12.2%	-$918.00M	-3.0%	$72.15B
ARESAres Management Corporation	$5.76B	+7.6%	$432.80M	7.5%	$46.10B
AMPAmeriprise Financial Inc.	$20.14B	+8.8%	$4.16B	20.7%	$44.99B
TROWT. Rowe Price Group Inc.	$7.70B	+6.9%	$2.19B	28.4%	$23.64B
TPGTPG Inc.	$5.17B	+21.6%	$268.72M	5.2%	$18.89B

APAM FAQ

8 questions

What is APAM revenue?
Artisan Partners Asset Management Inc. (APAM) reported $1.26B of revenue for the twelve months ended Sep 30, 2026. That is up 8.7% from the year before. Revenue for fiscal 2025 was $1.20B.
Is APAM profitable?
Yes. Artisan Partners Asset Management Inc. earned $308.86M in net income for the twelve months ended Sep 30, 2026, a net margin of 24.5%.
How much cash and debt does APAM have?
Artisan Partners Asset Management Inc. reported $378.05M in cash and cash equivalents and $189.28M of debt on its most recent balance sheet in SEC filings.
How fast is APAM revenue growing?
Artisan Partners Asset Management Inc.'s revenue changed +7.6% in fiscal 2025, to $1.20B. Its compound annual growth rate was +5.9% over 5 years and +4.0% over 10 years.
What is APAM free cash flow?
Artisan Partners Asset Management Inc. generated $327.75M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $330.25M less capital expenditures.
What is APAM earnings per share?
Diluted earnings per share were $4.27 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did APAM last report financial results?
The latest statements here come from Artisan Partners Asset Management Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
Where does this APAM financial data come from?
Quantisnow builds these statements from the structured XBRL data Artisan Partners Asset Management Inc. files with the SEC. It is provided for information only and is not investment advice.