APAM Reports Q4 2025 Earnings with Revenue Growth and AUM Increase
APAM reported Q4 2025 earnings with revenue of $336 million, up 11% sequentially and 13% year-over-year. Assets under management (AUM) reached a record $180 billion, up 12% year-over-year. The firm also noted strong investment returns and performance fees, though operating expenses rose slightly.
Topics: assets under management earnings fee rates investment returns operating income revenue