Affiliated Managers Group, Inc. (AMG)

Affiliated Managers Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,038	2,041	2,058	2,330	2,412	2,028
Revenue Growth (YoY)	-0.13%	-0.82%	-11.67%	-3.43%	18.98%	-9.47%
Cost of Revenue	905.2	915.3	907.5	1,072	1,047	883.7
Gross Profit	1,132	1,126	1,150	1,258	1,365	1,144
Selling, General & Admin	379.5	376.5	358.2	385.5	347.1	321.4
Other Operating Expenses	43	40.3	45.8	34.7	73.5	52.8
Operating Expenses	540.7	459.2	465.3	487.6	472.9	533.8
Operating Income	591.7	666.4	685	770.5	892.4	610
Interest Expense	-137.5	-133.3	-123.8	-114.4	-111.4	-92.3
Interest & Investment Income	50.4	49.1	82.9	110.3	117.6	34.1
Earnings From Equity Investments	270.5	312.7	280	338.1	242.5	-43.4
EBT Excluding Unusual Items	775.1	894.9	924.1	1,105	1,141	508.4
Gain (Loss) on Sale of Investments	20.6	28.3	167.3	641.9	-	-
Pretax Income	795.7	923.2	1,091	1,746	1,141	508.4
Income Tax Expense	154.6	182.6	185.3	358.3	251	81.4
Earnings From Continuing Operations	641.1	740.6	906.1	1,388	890.1	427
Minority Interest in Earnings	-206.9	-229	-233.2	-242.2	-324.4	-224.8
Net Income	434.2	511.6	672.9	1,146	565.7	202.2
Net Income to Common	434.2	511.6	672.9	1,146	565.7	202.2
Net Income Growth	-36.91%	-23.97%	-41.28%	102.56%	179.77%	1187.90%
Shares Outstanding (Basic)	30	31	35	39	42	47
Shares Outstanding (Diluted)	34	36	42	49	45	47
Shares Change (YoY)	-18.99%	-14.46%	-13.88%	9.38%	-4.07%	-7.71%
EPS (Basic)	14.38	16.45	19.17	29.76	13.63	4.35
EPS (Diluted)	13.18	15.11	17.42	25.36	13.04	4.33
EPS Growth	-26.99%	-13.28%	-31.30%	94.50%	201.16%	1296.77%
Free Cash Flow	927.8	928.7	861.9	1,043	1,251	1,001
Free Cash Flow Per Share	27.11	25.73	20.42	21.29	27.92	21.43
Dividend Per Share	0.040	0.040	0.040	0.040	0.040	0.350
Dividend Growth	-	-	-	-	-88.57%	-72.66%
Gross Margin	55.57%	55.15%	55.90%	54.01%	56.59%	56.41%
Operating Margin	29.04%	32.65%	33.29%	33.07%	36.99%	30.09%
Profit Margin	21.31%	25.07%	32.70%	49.19%	23.45%	9.97%
Free Cash Flow Margin	45.53%	45.50%	41.88%	44.79%	51.85%	49.36%
EBITDA	709.9	708.8	746.3	837.9	944.7	769.6
EBITDA Margin	34.84%	34.73%	36.27%	35.97%	39.16%	37.96%
D&A For EBITDA	118.2	42.4	61.3	67.4	52.3	159.6
EBIT	591.7	666.4	685	770.5	892.4	610
EBIT Margin	29.04%	32.65%	33.29%	33.07%	36.99%	30.09%
Effective Tax Rate	19.43%	19.78%	16.98%	20.52%	22.00%	16.01%

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q