Earnings Releases·Nov 9, 2026, 7:06 AM ET

AMG — Third Quarter 2026 Earnings Summary

Reported diluted EPS of $6.64 for Q3 2026, down from $6.87 in the prior year, while year-to-date diluted EPS rose to $17.38 from $11.83; consolidated revenue increased 13% to $595.2 million for the quarter and 17% to $1,780.8 million year-to-date.
Adjusted EBITDA grew 41% year-over-year to $353.7 million for the quarter, and economic EPS surged 56% to $9.50, driven by record aggregate fees of $1,757.6 million.
Assets under management reached a record $973.9 billion, supported by record net client cash flows of $20.7 billion in the quarter and $56.2 billion year-to-date, with alternative strategies generating over $31 billion in inflows.
Executed $400 million in common stock repurchases during the quarter (bringing year-to-date total to $775 million) and announced a $0.01 per share cash dividend payable in December 2026.
Completed the divestment of equity interest in Vesterra Capital Partners, resulting in $1.3 billion in affiliate transaction outflows, and settled all obligations under junior convertible securities in January 2026.