Affiliated Managers Group (MGR)
Takes equity stakes in independent investment firms while preserving their operating autonomy.
$18.28
Pre-market−1.10 (−5.68%)
At close$19.38(+0.41%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 525 | 503 | 500 | 500 | 516 | 524 | 497 | 493 | 528 | 800 | 832 | 641 |
| Cost of revenue | 212 | 245 | 240 | 215 | 221 | 239 | 230 | 264 | 254 | 133 | 287 | 316 |
| Gross profit | 313 | 258 | 260 | 285 | 296 | 286 | 266 | 230 | 275 | 667 | 545 | 325 |
| 91 | 85 | 92 | 89 | 97 | 98 | 95 | 96 | 101 | 359 | 467 | 107 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 395 | 107 | |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 395 | 0 |
| Other expenses | 91 | 85 | 92 | 89 | 97 | 98 | 95 | 96 | 101 | 359 | 72 | 0 |
| Operating income | 222 | 173 | 168 | 196 | 199 | 187 | 172 | 134 | 174 | 309 | 78 | 217 |
| 141 | 101 | 86 | −17 | 19 | 87 | −45 | 38 | 189 | 217 | 115 | 90 | |
| Interest income | 8 | 0 | 16 | 19 | 20 | 21 | 12 | 19 | 28 | 35 | 0 | 0 |
| Interest expense | 31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38 | 41 |
| Other non-operating income | 23 | 23 | 19 | 21 | 22 | 20 | 98 | 19 | 22 | −252 | 0 | 23 |
| Income before tax | 364 | 274 | 254 | 178 | 217 | 274 | 127 | 172 | 363 | 526 | 193 | 307 |
| Income tax expense | 78 | 30 | 55 | 43 | 31 | 53 | 27 | 36 | 72 | 148 | 47 | 70 |
| Net income from continuing operations | 286 | 244 | 199 | 135 | 186 | 221 | 99 | 136 | 291 | 378 | 146 | 237 |
| Net income | 217 | 196 | 150 | 76 | 124 | 162 | 72 | 84 | 212 | 348 | 110 | 186 |
| EPS, basic | $6.22 | $5.82 | $4.57 | $2.41 | $4.11 | $5.39 | $2.48 | $2.95 | $7.47 | $11.21 | $4.12 | $7.04 |
| EPS, diluted | $5.47 | $5.15 | $4.14 | $2.26 | $3.78 | $4.50 | $2.20 | $2.81 | $6.87 | $11.21 | $3.84 | $6.92 |
| Weighted average shares, basic | 35 | 34 | 33 | 32 | 30 | 30 | 29 | 29 | 29 | 31 | 27 | 27 |
| Weighted average shares, diluted | 43 | 41 | 40 | 35 | 35 | 36 | 33 | 31 | 33 | 31 | 28 | 27 |
| EBITDA | 214 | 164 | 159 | 185 | 187 | 178 | 83 | 201 | 238 | 627 | 130 | 203 |
| Depreciation & amortization | 16 | 14 | 10 | 10 | 11 | 11 | 9 | 86 | 86 | 67 | 52 | 9 |
| EBIT | 199 | 150 | 149 | 174 | 176 | 167 | 74 | 115 | 152 | 560 | 78 | 195 |
