Acadian Asset Management Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 2026 results included 61% AUM growth, 41% higher management fees, and strong net inflows. Operating margin expanded to 38.1%, and capital returns to shareholders continued via buybacks and a higher dividend.
Fiscal Year 2025
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Record AUM and net client cash flows drove strong 2025 results, with management fees up 32% and ENI EPS reaching new highs. Operating margins expanded, leverage declined, and capital returns increased, positioning the firm for continued growth in 2026.
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Record AUM of $166.4B and strong net inflows marked Q3 2025, with enhanced and extension strategies driving growth. ENI revenue rose 12% and operating margin expanded, while capital management included debt refinancing and share buybacks.
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Record AUM of $151.1B and $13.8B in net client inflows marked a historic Q2, driven by enhanced equity strategies and robust global demand. Operating margin expanded to 30.7%, and the firm returned $23.6M to shareholders via buybacks.
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Record Q1 net inflows and strong investment performance drove AUM to $121.9 billion, with enhanced equity strategies doubling AUM year-over-year. Financial results showed significant EPS and net income growth, while robust global sales and disciplined expense management position the firm for continued expansion.
Fiscal Year 2024
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Record ENI EPS and adjusted EBITDA were achieved in Q4 and full-year 2024, driven by strong net inflows, robust investment performance, and broad-based strategy growth. Enhanced equity and extension strategies led inflows, while capital allocation remains focused on growth and buybacks.
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ENI per share rose 31% year-over-year to $0.59 in Q3 2024, driven by higher AUM, strong investment performance, and share repurchases. Positive net client cash flows and robust new product pipelines support a positive outlook, as the company completes its transition to a single asset manager and rebrands to Acadian Asset Management.
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ENI per share rose 61% year-over-year to $0.45, driven by higher AUM, management fees, and share repurchases. Net flows were flat as large inflows and outflows offset, while expense discipline and capital allocation supported strong operating leverage.