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NYSE · Financials

AFFILIATED MANAGERS GROUP, INC. (AMG)

As-reported financials and SEC filings for AFFILIATED MANAGERS GROUP, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About AFFILIATED MANAGERS GROUP, INC.

Affiliated Managers Group, Inc. partners with independent investment firms worldwide by investing in and supporting these firms, which it calls Affiliates. The company provides its Affiliates with resources such as growth capital, product strategy, distribution capabilities, and succession planning while allowing them to maintain autonomy and ownership. Its Affiliates manage a variety of investment strategies across alternatives and long-only asset classes, serving institutional and individual clients globally.

Snapshot

Revenue
$2.07B
Revenue growth (YoY)
1.6%
Net income
$716.6M
Diluted EPS
$22.74
Gross margin
Operating margin
Net margin
34.5%
FCF margin
46.6%
ROE
net income / fiscal-year-end equity
P/E
13.0×
trailing when available, otherwise FY EPS
Market cap
$9.59B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Affiliated Managers Group

  • Revenue grew 1.6% to $2.1B in FY2025, after a 0.8% decline the year before.
  • Most recent quarter Q2 FY2026: revenue $641M, up 29.9% from Q2 FY2025.
  • Free cash flow was $967M in FY2025, 46.6% of revenue.
  • Net income rose 40.1% to $717M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Affiliated Managers Group’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin34.5%
90th percentile of 377
FCF margin46.6%
87th percentile of 272
Revenue growth (YoY)+1.6%
21st percentile of 420
P/E13.0×
51st percentile of 318
Short interest2.79d
29th percentile of 420

Affiliated Managers Group’s net margin of 34.5% ranks in the 90th percentile of the 377 Financials companies reporting it. Affiliated Managers Group’s FCF margin of 46.6% ranks in the 87th percentile of the 272 Financials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $5.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
3
1 trimmed, 2 exited
Combined position
$421.5M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$296.1M875.1KAdded
Citadel AdvisorsquantQ2 2026$67.2M198.5KReduced
Renaissance TechnologiesquantQ2 2026$39.7M117.4KAdded
D. E. ShawquantQ2 2026$14.5M42.8KAdded
Two Sigma InvestmentsquantQ2 2026$1.9M5.6KAdded
Southeastern Asset ManagementQ2 2026$1.9M5.6KHeld
Dodge & CoxQ2 2026$203,040600New

No longer held by: Bridgewater Associates (as of Q2 2026), Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$5.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-08
Horgen Jay C.President and CEOSell17.5K$338.27$5.9M
2026-06-01
filed 2026-06-03
FRANQUI ANNETTEDirectorBuy750$304.88$229K
2026-05-08
Matos Rodriguez Felix V.DirectorSell1.0K$300.18$300K
2026-05-06
filed 2026-05-08
Ryan David ChristopherDirectorSell3.4K$305.06$1.0M
2026-05-06
Cates G. StaleyDirectorBuy1.5K$305.83$459K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
675.9K
settled 2026-08-14
Change vs prior
-13.5%
vs previous settlement
Days to cover
2.79
at avg daily volume
Avg daily volume
242.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-14675.9K-13.5%2.79
2026-07-31781.3K-11.6%2.70
2026-07-15883.9K-14.9%3.78
2026-06-301.0M-17.4%2.89
2026-06-151.3M+22.3%3.24
2026-05-291.0M+25.2%3.19
2026-05-15821.1K+15.1%2.68
2026-04-30713.6K-27.0%1.99

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.07B$2.04B$2.06B$2.33B$2.41B
Gross profit
Operating income
Net income$716.6M$511.6M$672.9M$1.15B$565.7M
Diluted EPS$22.74$15.13$17.42$25.35$13.05

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$586.0M$950.0M$813.6M$429.2M$908.5M
Current assets
Total assets$9.21B$8.83B$9.06B$8.88B$8.88B
Current liabilities
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
Total equity$4.18B$4.30B$4.57B$4.18B$3.71B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$973.2M$932.1M$874.3M$1.05B$1.26B
Capital expenditure$6.1M$3.4M$12.4M$11.4M$8.4M
Free cash flow$967.1M$928.7M$861.9M$1.04B$1.25B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$640.7M29.9%$185.9M$6.95
Q1 FY2026$544.9M9.7%$110.4M$3.84
Q4 FY2025$556.6M6.2%$347.6M$10.53
Q3 FY2025$528.0M2.2%$212.4M$6.87
Q2 FY2025$493.2M-1.4%$84.3M$2.80
Q1 FY2025$496.6M-0.7%$72.4M$2.20
Q4 FY2024$524.3M4.3%$162.1M$4.18
Q3 FY2024$516.4M-1.7%$123.6M$3.78

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryInvestment Advice
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK1004434

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-06-09
View on EDGAR →
8-K2026-05-28
View on EDGAR →
8-K2026-05-01
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.