AMG Reports Financial and Operating Results for the First Quarter of 2026
JUPITER, Fla., May 01, 2026 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today reported its financial and operating results for the first quarter of 2026.
Jay C. Horgen, President and Chief Executive Officer of AMG, said:
“AMG generated excellent results in the first quarter, with year-over-year growth in Adjusted EBITDA and Economic earnings per share of 39% and 58%, respectively. Broad-based demand for our Affiliates' liquid alternative and private markets strategies generated record net client cash flows of more than $22 billion. With four consecutive quarters of strong inflows, AMG has reported approximately $52 billion in net flows, or an organic growth rate of 7%, over the last 12 months. These outstanding results reflect AMG’s focus on investing in areas of secular demand and the disciplined execution of our capital allocation strategy.
“We continue to deploy our capital and resources toward firms and initiatives aligned with long-term growth trends to further accelerate the evolution of our business. In January, we completed our investment in BBH Credit Partners, Brown Brothers Harriman's leading taxable fixed income and credit franchise, including its differentiated structured credit platform. In February, we entered into a new partnership with HighBrook Investors, a private markets manager specializing in thematic opportunities in real estate assets, and made an additional investment in Garda Capital Partners, a leading liquid alternatives manager specializing in fixed income relative value strategies, and an Affiliate since 2019.
“We entered 2026 in a position of strength, and our first quarter results reflect our ongoing strong business momentum. With our excellent capital position, the growing cash flow generation of our business, and our unique partnership approach, we remain confident in our ability to deploy capital to create incremental long-term value for our Affiliates, clients, and shareholders.”
For additional information on our Supplemental Performance Measures, including reconciliations to GAAP, see the Financial Tables and Notes.
Capital Management
During the first quarter of 2026, the Company repurchased approximately $186 million in common stock. Subsequently, the Company announced a first-quarter cash dividend of $0.01 per share of common stock, payable May 26, 2026 to stockholders of record as of the close of business on May 11, 2026.
About AMG
AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long‐term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of March 31, 2026, AMG’s aggregate assets under management were approximately $882 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company’s website at www.amg.com.
Conference Call, Replay, and Presentation Information
A conference call will be held with AMG’s management at 8:00 a.m. Eastern time today. Parties interested in listening to the conference call should dial 1-877-407-8291 (U.S. calls) or 1-201-689-8345 (non-U.S. calls) shortly before the call begins.
The conference call will also be available for replay beginning approximately one hour after the conclusion of the call. To hear a replay of the call, please dial 1-877-660-6853 (U.S. calls) or 1-201-612-7415 (non-U.S. calls) and provide conference ID 13759783. The live call and replay of the session and a presentation highlighting the Company's performance can also be accessed via AMG’s website at https://ir.amg.com/.
Financial Tables Follow
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See Notes for additional information.
Notes
Forward-Looking Statements and Other Matters
Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. (“AMG” or the “Company”) may constitute forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “guidance,” “believes,” “expects,” “potential,” “preliminary,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “projects,” “positioned,” “prospects,” “intends,” “plans,” “estimates,” “pending investments,” “anticipates,” or the negative version of these words or other comparable words. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, legal or regulatory changes, global trade tensions and changes in trade policies, the availability of equity and debt financing, competition for acquisitions of interests in investment management firms, uncertainties relating to closing of pending investments or transactions and potential changes in the anticipated benefits thereof, the investment performance and growth rates of our Affiliates and their ability to effectively market their investment strategies, the mix of Affiliate contributions to our earnings, and other risks, uncertainties, and assumptions, including those described under the section entitled “Risk Factors” in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Such factors may be updated from time to time in our periodic filings with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by applicable law.
This press release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate.
From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
Investor and Media Relations:
Patricia Figueroa
+1 (617) 747-3300
ir@amg.com
pr@amg.com