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Artisan Partners Asset Management Inc. (APAM) stock

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NYSE: APAM NYSE Asset Management & Custody Banks Next results ~February 2, 2027

C+ Fundamentals grade

Artisan Partners Asset Management Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds199 adding, 161 cuttingOf 49 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Artisan Partners Asset Management files

10-Q filed October 29: Artisan Partners Asset Management

Artisan Partners Asset Management posted revenue of $1.26bn for the twelve months to September 2026, an increase of 8.7% on the prior year. That pace marks a slowdown from the 9.8% growth recorded a quarter earlier. The deceleration suggests momentum is easing, even as the top line continues to expand. Whether this reflects a temporary dip or a more lasting trend will become clearer in subsequent quarters.

Our model value for Artisan Partners Asset Management is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Artisan Partners Asset Management stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.25bn, up 9.8% on a year earlier, faster than the 8.7% growth a quarter earlier.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 2, 2027 (estimated)

Artisan Partners Asset Management Inc.'s trailing-twelve-month revenue grew 8.7% year on year, with a free-cash-flow margin of 26.0%. Where it stands out: operating margin of 33.4% ranks 4 of 27 asset management & custody banks companies we cover.

Current signal Net margin expanding: TTM net margin reached 24.5%, up 1.6pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 33.4% of revenue is left as operating profit, against a median of 23.7% for asset management & custody banks companies we cover.
  • Strong cash generation. 26.0% of revenue turned into free cash flow.
  • Net cash. Cash exceeds long-term debt by $0.2bn.

Things to watch

  • Below peers: change in growth rate. Change in growth rate of -1.1pp ranks 33 of 43 asset management & custody banks companies we cover (median +1.0pp).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 9.6% over 90 days.
  • Earnings expected to fall. The consensus expects earnings per share to fall 7% next year.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$1.03 against an average estimate of $0.96: beat by 7.6%
Revenue
$313m, up 3.7% on a year earlier
Share reaction
+4.2% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Next report
October 27, 2026; average EPS estimate $1.07

Artisan Partners Asset Management's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.1%
  • 1 week+15.3%
  • 1 month+10.2%
  • This year+1.9%
  • 1 year-3.0%
  • 5 years+15.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.3B
Operating margin
33.4%
Net margin
24.5%
EPS (TTM, diluted)
$4.67

Growth

Revenue growth
+8.7%
Change in growth rate
−1.1 pts
Share count change
+1.0%

Earnings

Last results
October 27, 2026
Next results (est.)
February 2, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Agreement
  4. Announcement
  5. Announcement
  6. Results
  7. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Artisan Partners Asset Management Inc. valuation models and calculator

No model value for Artisan Partners Asset Management Inc. at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Artisan Partners Asset Management Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.93 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$33 ~$28–$43 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$15 ~$13–$17 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$31 ~$28–$35 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$8.1 ~$8.4–$22 Left out: far from the other models (more than 3x away from their median)
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$41 ~$36–$48 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Artisan Partners Asset Management Inc. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

80 /100

Strong moat

How hard Artisan Partners Asset Management's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 16.3% of total assets over 10 years.

  • Durability 20 / 20

    Operating margin has been a median 34.4%; its worst year was 31.2%.

  • Discipline 11 / 20

    The diluted share count rose 12.3% over five years; stock-based pay has been a median 3.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (85 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.89 −1% $1.2bn +3%
Next $3.62 −7% $1.2bn +1%

Next year's EPS estimate has moved −9.6% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.3% on 90 days ago. In the last 30 days, 0 analysts raised Artisan Partners Asset Management Inc.'s forecast and 2 cut it.

Consensus EPS forecast Artisan Partners Asset Management Inc., last 90 days
$3.60 $3.80 $4.00 $4.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.88 Current fiscal year, 60 days ago: $3.86 Current fiscal year, 30 days ago: $3.86 Current fiscal year, 7 days ago: $3.75 Current fiscal year, Now: $3.89 $3.89 Next fiscal year, 90 days ago: $4.00 Next fiscal year, 60 days ago: $4.02 Next fiscal year, 30 days ago: $3.97 Next fiscal year, 7 days ago: $3.65 Next fiscal year, Now: $3.62 $3.62

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.88$4.00
60 days ago $3.86$4.02
30 days ago $3.86$3.97
7 days ago $3.75$3.65
Now $3.89$3.62

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.96 $1.03 +7.6%
Jun 2026 $0.91 $0.94 +3.0%
Mar 2026 $0.93 $0.87 −6.2%
Dec 2025 $1.09 $1.26 +15.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 27, 2026

No numeric guidance in Artisan Partners Asset Management Inc.'s latest earnings release (filed October 27, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

4 analysts, Oct 2026
Buy125%
Hold250%
Sell125%

Monthly trend

  1. Oct 20261214
  2. Sep 20261214
  3. Aug 20261214
  4. Jul 20261214

Counts of recommendations published by analysts covering Artisan Partners Asset Management Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.4%
of tradable shares
Days to cover
2.44
at average volume
Short interest, 1 month
−21%
to October 15, 2026
Held by institutions
100%
of shares
Held by insiders
2.2%
of shares
Employees
567
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −3.0%

$39.62 on October 31, 2025 to $38.43

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.2bn +9.8%
Net margin 23.9% 24.1% +0.9%
P/E multiple 9.5x 8.4x −11.6%
Share count 65m 66m −0.9%

Biggest factor: p/e multiple.

Last 3 years +35.9%

$28.28 on November 3, 2023 to $38.43

ThenNowEffect
Revenue (last 12 months) $938m $1.2bn +33.1%
Net margin 21.5% 24.1% +12.1%
P/E multiple 8.9x 8.4x −4.7%
Share count 63m 66m −4.4%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
APAM+3%−31%+60%+5%+3%+2%
Industry peers (median)+33%−17%+19%+15%−4%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
APAM50%42%50%58%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
APAM−19%−41%−23%−18%−24%−28%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 51% from February 12, 2020 to March 16, 2020. Getting back needed a 104% gain, reached on July 31, 2020, 137 days after the low.

Price behaviour

52-week range
$31.25 – $43.64
From 52-week high
−11.9%
vs 50-day average
+4.6%
vs 200-day average
+3.1%
Volatility (1 year)
29%
Beta vs S&P 500
0.77

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±2.3%
After a week
6 up, 5 down
typical move ±2.7%
After a month
6 up, 5 down
typical move ±6.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 +4.2% +0.9% — —
July 28, 2026 +0.1% −1.3% +6.0% +10.1%
April 28, 2026 −3.9% −0.5% −1.4% −0.2%
February 3, 2026 −3.2% −1.3% 0.0% −12.8%
October 28, 2025 −2.5% +0.3% −2.3% −4.5%
July 29, 2025 −3.7% −0.4% +0.8% +3.9%
April 29, 2025 −0.6% +0.7% +6.6% +11.1%
February 4, 2025 +2.4% +1.1% +3.6% −0.3%
October 29, 2024 +1.6% −0.1% +2.4% +11.2%
July 23, 2024 −3.3% −2.4% +1.5% −2.2%
April 23, 2024 −0.8% +1.1% −3.8% +7.8%
January 30, 2024 −1.8% −1.7% −0.8% +3.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Artisan Partners Asset Management Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Artisan Partners Asset Management Inc.
$900M $1B $1.1B $1.2B $1.3B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $975.1M Revenue (TTM), FY24 Q1: $1B Revenue (TTM), FY24 Q2: $1B Revenue (TTM), FY24 Q3: $1.1B Revenue (TTM), FY24 Q4: $1.1B Revenue (TTM), FY25 Q1: $1.1B Revenue (TTM), FY25 Q2: $1.1B Revenue (TTM), FY25 Q3: $1.2B Revenue (TTM), FY25 Q4: $1.2B Revenue (TTM), FY26 Q1: $1.2B Revenue (TTM), FY26 Q2: $1.2B Revenue (TTM), FY26 Q3: $1.3B $1.3B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $975.1M
FY24 Q1 $1B
FY24 Q2 $1B
FY24 Q3 $1.1B
FY24 Q4 $1.1B
FY25 Q1 $1.1B
FY25 Q2 $1.1B
FY25 Q3 $1.2B
FY25 Q4 $1.2B
FY26 Q1 $1.2B
FY26 Q2 $1.2B
FY26 Q3 $1.3B
Revenue growth, TTM YoY Artisan Partners Asset Management Inc.
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -1.8% Revenue growth, TTM YoY, FY24 Q1: 6.2% Revenue growth, TTM YoY, FY24 Q2: 10.1% Revenue growth, TTM YoY, FY24 Q3: 11.7% Revenue growth, TTM YoY, FY24 Q4: 14.0% Revenue growth, TTM YoY, FY25 Q1: 11.9% Revenue growth, TTM YoY, FY25 Q2: 10.0% Revenue growth, TTM YoY, FY25 Q3: 8.9% Revenue growth, TTM YoY, FY25 Q4: 7.6% Revenue growth, TTM YoY, FY26 Q1: 8.7% Revenue growth, TTM YoY, FY26 Q2: 9.8% Revenue growth, TTM YoY, FY26 Q3: 8.7% 8.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -1.8%
FY24 Q1 6.2%
FY24 Q2 10.1%
FY24 Q3 11.7%
FY24 Q4 14.0%
FY25 Q1 11.9%
FY25 Q2 10.0%
FY25 Q3 8.9%
FY25 Q4 7.6%
FY26 Q1 8.7%
FY26 Q2 9.8%
FY26 Q3 8.7%
Operating margin (TTM) Artisan Partners Asset Management Inc.
31% 32% 33% 34% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 31.1% Operating margin (TTM), FY24 Q1: 31.1% Operating margin (TTM), FY24 Q2: 31.3% Operating margin (TTM), FY24 Q3: 31.4% Operating margin (TTM), FY24 Q4: 33.0% Operating margin (TTM), FY25 Q1: 33.4% Operating margin (TTM), FY25 Q2: 32.4% Operating margin (TTM), FY25 Q3: 32.6% Operating margin (TTM), FY25 Q4: 33.4% Operating margin (TTM), FY26 Q1: 33.3% Operating margin (TTM), FY26 Q2: 33.0% Operating margin (TTM), FY26 Q3: 33.4% 33.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 31.1%
FY24 Q1 31.1%
FY24 Q2 31.3%
FY24 Q3 31.4%
FY24 Q4 33.0%
FY25 Q1 33.4%
FY25 Q2 32.4%
FY25 Q3 32.6%
FY25 Q4 33.4%
FY26 Q1 33.3%
FY26 Q2 33.0%
FY26 Q3 33.4%
FCF margin (TTM) Artisan Partners Asset Management Inc.
10% 15% 20% 25% 30% 35% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 25.7% FCF margin (TTM), FY24 Q1: 27.6% FCF margin (TTM), FY24 Q2: 28.1% FCF margin (TTM), FY24 Q3: 30.4% FCF margin (TTM), FY24 Q4: 33.4% FCF margin (TTM), FY25 Q1: 34.0% FCF margin (TTM), FY25 Q2: 31.5% FCF margin (TTM), FY25 Q3: 24.7% FCF margin (TTM), FY25 Q4: 14.3% FCF margin (TTM), FY26 Q1: 16.0% FCF margin (TTM), FY26 Q2: 20.8% FCF margin (TTM), FY26 Q3: 26.0% 26.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 25.7%
FY24 Q1 27.6%
FY24 Q2 28.1%
FY24 Q3 30.4%
FY24 Q4 33.4%
FY25 Q1 34.0%
FY25 Q2 31.5%
FY25 Q3 24.7%
FY25 Q4 14.3%
FY26 Q1 16.0%
FY26 Q2 20.8%
FY26 Q3 26.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 455 506 686 829 805 721 796 829 799 900 1,227 993 975 1,112 1,197 1,259
EBITDA 157 49 −258 310 287 240 292 311 290 365 547 352 313 376 409 429
Operating income 154 47 −261 307 282 234 286 305 283 358 540 344 304 367 400 420
Net income 0 0 25 70 82 73 50 158 157 213 337 207 222 260 290 309
Diluted EPS — — −$1.02 −$0.37 $1.86 $1.57 $0.75 $2.84 $2.65 $3.40 $5.09 $2.94 $3.19 $3.66 $4.05 $4.67
Growth (year on year)
Revenue — +11.1% +35.7% +20.8% −2.8% −10.5% +10.4% +4.1% −3.6% +12.6% +36.4% −19.1% −1.8% +14.0% +7.6% +8.7%
EBITDA — −68.4% −621.3% — −7.5% −16.5% +21.8% +6.5% −6.7% +26.0% +50.0% −35.7% −11.1% +20.3% +8.6% +10.8%
Operating income — −69.5% −654.7% — −8.0% −17.1% +22.3% +6.5% −7.0% +26.4% +50.8% −36.3% −11.8% +20.8% +9.0% +11.4%
Net income — — — +180.7% +17.5% −10.7% −32.1% +219.2% −1.1% +35.8% +58.3% −38.6% +7.5% +16.9% +11.8% +16.5%
Diluted EPS — — — — — −15.6% −52.2% +278.7% −6.7% +28.3% +49.7% −42.2% +8.5% +14.7% +10.7% +15.3%
Margins
EBITDA margin 34.4% 9.8% −37.6% 37.4% 35.6% 33.2% 36.7% 37.5% 36.3% 40.6% 44.6% 35.4% 32.1% 33.9% 34.2% 34.1%
Operating margin 33.9% 9.3% −38.1% 37.0% 35.1% 32.5% 36.0% 36.8% 35.5% 39.8% 44.0% 34.6% 31.1% 33.0% 33.4% 33.4%
Net margin 0.0% 0.0% 3.6% 8.4% 10.2% 10.1% 6.2% 19.1% 19.6% 23.6% 27.4% 20.8% 22.8% 23.4% 24.3% 24.5%
Free-cash-flow margin 22.3% 25.2% 16.0% 41.8% 39.4% 37.1% 28.2% 39.9% 36.2% 35.2% 32.3% 30.8% 25.7% 33.4% 14.3% 26.0%
Cash flow
Cash from operations 103 130 112 352 321 270 226 333 293 319 399 313 253 373 172 330
Capital spending 2 3 2 5 4 3 2 3 3 2 2 7 2 2 0 2
Free cash flow 102 127 110 347 317 267 224 330 289 317 396 306 251 371 172 328
Stock-based pay 0 0 655 88 42 28 13 53 42 36 39 40 32 31 27 27
Free cash flow after stock pay 102 127 −546 259 275 239 212 278 247 280 357 266 219 340 144 301
Balance sheet
Cash 127 141 212 182 166 157 137 160 135 199 201 143 178 268 256 378
Total debt 0 290 200 200 200 200 200 200 200 200 200 200 200 200 190 190
Net debt (negative = net cash) −127 149 −12 18 34 43 63 40 65 1 −1 57 22 −68 −66 −188
Diluted shares — — 28m 28m 35m 38m 45m 49m 51m 56m 60m 62m 63m 65m 66m 66m
Returned to shareholders
Dividends 0 0 15 100 124 115 131 168 188 203 275 249 183 222 257 287
Buybacks 0 0 76 0 0 — — — — — — — — — — —
Total returned 0 0 91 100 124 115 131 168 188 203 275 249 183 222 257 287

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Dividends (TTM)
$287M
Diluted share count
+1.0%
year over year
Total shareholder yield
9.2%
dividends 9.2% + buybacks 0.0% of market value
Dividend payout ratio
93%
of net income paid out

Competitors: side by side with peers

Closest by revenue in asset management & custody banks
Last 12 months unless stated APAM VCTR HLNE VRTS FHI STEP Median
Revenue, last 12 months $1.3bn $1.6bn $858m $825m $2.0bn $2.0bn $858m
Revenue growth, last 12 months 8.7% 51.5% 24.0% −7.2% 13.2% 48.5% 17.2%
Revenue growth, 3-year average 9.8% 24.2% 18.3% 0.2% 7.4% 120.4% 10.2%
Revenue growth, latest quarter 3.7% 24.0% 56.5% −4.4% 8.1% 4.0% 14.4%
Operating margin 33.4% 41.3% — 15.7% 27.8% — 25.8%
Operating margin, 3-year average 32.4% 41.5% — 18.4% 26.0% — 18.8%
Net margin 24.5% 29.6% 32.1% 14.5% 21.3% −30.5% 15.2%
Cash from operations / revenue 26.2% 36.4% 43.5% −5.6% 20.5% −21.8% 26.4%
Free-cash-flow margin 26.0% 36.2% 42.7% −6.3% 19.6% −21.9% 21.9%
Free-cash-flow margin, 3-year average 27.0% 33.7% 37.6% 5.2% 18.6% 0.6% 17.6%
Stock pay / revenue 2.1% 2.2% 5.9% 3.2% 1.5% 90.9% 3.7%
Change in share count 1.0% −1.7% — −3.5% −5.1% 9.0% −0.2%

Median of all 43 companies we cover in asset management & custody banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

43 asset management & custody banks companies
Measure Company Peer median Rank
Revenue growth Growth 8.7% 17.2% 31 of 43
Change in growth rate Growth -1.1pp +1.0pp 33 of 43
Operating margin Profitability 33.4% 23.7% 4 of 27
Net margin Profitability 24.5% 15.2% 11 of 43
Stock pay as % of revenue Cash generation 2.1% 4.3% 10 of 40
Change in share count Balance sheet 1.0% -0.3% 24 of 33

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Asset Management1 $1.2B 97.6% ▲ 6.4%
Investment Performance $29.1M 2.4% ▲ 95.9%
Geography
Region Revenue Share YoY
United States $957M 80.0% ▲ 7.0%
Outside the US $240M 20.0% ▲ 10.4%

From Artisan Partners Asset Management Inc.'s 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.4B
Institutions reporting
378
Shares held vs prior quarter
▲ 2.9%
Positions opened / closed
45 / 46

Top buyers and sellers, Q2 2026: 199 institutions bought and 161 sold ; the biggest buyer was Blackrock, Inc (+838K shares) and the biggest seller Capital World Investors (−549K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $387M 11.2M 16.1% ▲ 8.1%
Kayne Anderson Rudnick Investment Management LLC $179M 5.2M 7.4% ▼ 7.1%
Vanguard Portfolio Management LLC $145M 4.2M 6.0% ▲ 1.9%
Vanguard Capital Management LLC $106M 3.1M 4.4% ▲ 1.0%
State Street Corp $102M 2.9M 4.2% ▲ 3.7%
Charles Schwab Investment Management Inc $97.1M 2.8M 4.0% ▲ 10.3%
Vaughan Nelson Investment Management, L.P. $85.2M 2.5M 3.5% ▼ 4.7%
Geode Capital Management, LLC $78M 2.3M 3.2% ▲ 8.7%
Morgan Stanley $68.4M 2.0M 2.8% ▼ 6.0%
Channing Capital Management, LLC $64.1M 1.9M 2.7% ▼ 2.8%
Dimensional Fund Advisors LP $60.2M 1.7M 2.5% ▲ 4.3%
Victory Capital Management Inc $59.7M 1.7M 2.5% ▲ 20.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Artisan Partners Asset Management Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $298,130 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $298,130 net selling
Insider Date Trade Shares Price Value
Ramirez Gregory K Executive Vice President August 19, 2026 Sell 7,000 $42.59 $298,130

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 2, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 28, 2026
  • April 28, 2026
  • February 3, 2026
  • October 28, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on Artisan Partners Asset Management Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Artisan Partners Asset Management Inc. in brief

What does Artisan Partners Asset Management Inc. do?
Artisan Partners Asset Management Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
What is Artisan Partners Asset Management Inc.'s stock ticker?
Artisan Partners Asset Management Inc. trades under the ticker APAM on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Artisan Partners Asset Management Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Artisan Partners Asset Management Inc. reported revenue of $1.3B, 8.7% higher than a year earlier, according to its SEC filings.
What is Artisan Partners Asset Management Inc.'s free cash flow?
Artisan Partners Asset Management Inc.'s free-cash-flow margin is 26.0% of revenue over the trailing twelve months.
Who are Artisan Partners Asset Management Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Kayne Anderson Rudnick Investment Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Artisan Partners Asset Management Inc.'s market cap?
On November 2, 2026, Artisan Partners Asset Management Inc.'s market capitalisation was about $2.5B, with a price-to-earnings ratio of 8.2 and net debt of -$188M. Market figures come from third-party market data and may be delayed.
Does Artisan Partners Asset Management Inc. pay a dividend?
Yes: Artisan Partners Asset Management Inc. paid $287M in dividends over the trailing twelve months, a dividend yield of 9.22% and a payout ratio of 93.0%.
Who are Artisan Partners Asset Management Inc.'s competitors?
In our Asset Management & Custody Banks peer group, the companies closest to Artisan Partners Asset Management Inc. are Victory Capital Holdings, Inc., Hamilton Lane Inc, Virtus Investment Partners, Inc., Federated Hermes, Inc. and Stepstone Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Artisan Partners Asset Management Inc.'s.
Are insiders buying or selling Artisan Partners Asset Management Inc. stock?
Over the last 12 months, Artisan Partners Asset Management Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Artisan Partners Asset Management Inc.'s next earnings date?
Around February 2, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Artisan Partners Asset Management Inc. announces its own schedule.