APAM Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	1,223	1,197	1,112	975.13	993.29	1,227
Other Revenues	111.4	-	-	-	-	-
Revenue	1,223	1,197	1,112	975.13	993.29	1,227
Revenue Growth (YoY)	8.71%	7.63%	14.02%	-1.83%	-19.06%	36.43%
Cost of Revenue	663.13	649.58	594.13	529.4	510.38	563.05
Gross Profit	559.42	547.11	517.68	445.74	482.9	664.18
Selling, General & Admin	151.88	147.48	151.05	142.14	138.81	123.69
Depreciation & Amortization Expenses	0.24	-	-	-	-	-
Operating Income	407.3	399.63	366.63	303.59	344.1	540.49
Interest Income	9.34	9.36	9.61	6.3	0.33	0.56
Interest Expense	-8.59	-8.55	-8.61	-8.57	-9.91	-10.8
Other Non-Operating Income (Expense)	70.12	88.69	72.92	82.37	-22.68	21.3
Total Non-Operating Income (Expense)	70.87	89.5	73.92	80.1	-32.26	11.06
Pretax Income	478.17	489.13	440.55	383.69	311.84	551.55
Provision for Income Taxes	110.01	111.25	90.9	71.89	63.45	107.03
Net Income	287.22	290.32	259.75	222.29	206.76	336.52
Minority Interest in Earnings	48.04	29.32	36.98	39.99	41.63	108.01
Net Income to Common	287.22	290.32	259.75	222.29	206.76	336.52
Net Income Growth	9.88%	11.77%	16.85%	7.51%	-38.56%	58.27%
Shares Outstanding (Basic)	70	66	65	63	70	66
Shares Outstanding (Diluted)	70	66	65	63	70	66
Shares Change (YoY)	0.11%	1.02%	2.29%	-9.72%	6.37%	5.72%
EPS (Basic)	3.95	4.05	3.66	3.19	2.94	5.10
EPS (Diluted)	3.95	4.05	3.66	3.19	2.94	5.09
EPS Growth	9.12%	10.66%	14.73%	8.50%	-42.24%	49.71%
Shares Outstanding	70.99	70.47	70.07	68.55	67.98	66.7
Free Cash Flow	194.87	171.31	368.09	244.4	293.05	392.58
Free Cash Flow Growth	13.75%	-53.46%	50.61%	-16.60%	-25.35%	24.40%
Free Cash Flow Per Share	2.79	2.61	5.67	3.85	4.17	5.94
Dividends Per Share	3.390	3.300	2.980	2.440	2.470	3.980
Dividend Growth	2.73%	10.74%	22.13%	-1.21%	-37.94%	29.22%
Gross Margin	45.76%	45.72%	46.56%	45.71%	48.62%	54.12%
Operating Margin	33.32%	33.39%	32.98%	31.13%	34.64%	44.04%
Profit Margin	30.11%	31.58%	31.45%	31.98%	25.01%	36.22%
FCF Margin	15.94%	14.32%	33.11%	25.06%	29.50%	31.99%
EBITDA	416.49	409.01	376.49	312.94	351.89	547.42
EBITDA Margin	34.07%	34.18%	33.86%	32.09%	35.43%	44.61%
EBIT	407.3	399.63	366.63	303.59	344.1	540.49
EBIT Margin	33.32%	33.39%	32.98%	31.13%	34.64%	44.04%
Effective Tax Rate	23.01%	22.75%	20.63%	18.74%	20.35%	19.40%

Updated May 4, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

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