APAM Artisan Partners Asset Management Inc. - 10-Q - (2025-10-31)

Artisan Partners Asset Management (APAM) Q3 2025 TL;DR

Financial Performance & Operational Metrics Q3 revenues increased 8% YoY to $301.3M, contributing to nine-month (9M) revenue of $861.2M (up from $814.8M in 2024). Q3 GAAP Net Income declined to $66.8M ($0.93 EPS), compared to $72.9M ($1.03 EPS) in Q3 2024. YTD Net Income saw modest growth at $195.5M ($2.73 EPS). Assets Under Management (AUM) reached $181.3 Billion, driven by market appreciation, despite $2.3B in net client cash outflows during the quarter. The weighted average management fee declined slightly to 67.5 ba

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