Affiliated Managers Group Reports Record Q2 Earnings and Strong AUM Growth
Affiliated Managers Group (AMG) reported record second-quarter results, with adjusted EBITDA rising 44% year over year to approximately $316 million. Economic earnings per share increased by 54%, reaching $8.29. Assets under management hit a new high of $942 billion, driven by market gains and $13 billion in net inflows during the quarter. The company's alternative strategies were key to its growth, generating $29 billion in second-quarter inflows and contributing over 60% of AMG’s earnings. Demand was led by private-market secondaries, infrastructure, liquid alternatives, and tax-aware investing. In contrast, long-only equity strategies saw $14 billion in net outflows. AMG expects third-quarter adjusted EBITDA to range between $315 million and $325 million with economic EPS of $8.43–$8.71. The company repurchased $189 million worth of stock during the quarter, plans around $600 million in buybacks for 2026, and has allocated nearly $800 million to growth investments and capital returns.
Tickers: $AMG
Topics: adjusted_ebitda alternatives_growth assets_under_management capital_returns economic_eps