Affiliated Managers Group Reports Record Q3 2026 Results Driven by Alternatives Growth
Affiliated Managers Group (AMG) delivered record third-quarter 2026 results, characterized by significant growth in assets under management (AUM), which reached $973.9 billion—a 21% increase year-over-year. The company's strategic pivot toward alternative investments is yielding substantial results, with alternatives now accounting for nearly 70% of EBITDA on a run-rate basis, up from less than 35% in 2019. Financial performance was bolstered by an Economic EPS of $9.50, representing 56% growth compared to Q3 2025, and Adjusted EBITDA of $353.7 million, a 41% increase year-over-year. While the firm saw $11.9 billion in long-only equity outflows, this was offset by record alternative net inflows of $31.4 billion. Management also increased its full-year share repurchase guidance to over $900 million.
Tickers: $AMG
Topics: Assets Under Management Earnings Report Net Inflows Private Markets Share Repurchases