Affiliated Managers (AMG) Operating Expenses (2009 - 2026)

Affiliated Managers' (AMG) quarterly Operating Expenses came in at $505.9 million in Q1 2026, up 10.72% year-on-year from $456.9 million in Q1 2025, and down 3.93% quarter-over-quarter from $526.6 million in Q4 2025.

Affiliated Managers (AMG) Operating Expenses (2009 - 2026) Analysis & Trends

Affiliated Managers' Operating Expenses history runs 18 years deep, the most recent figure standing at $505.9 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 10.72% year-over-year to $505.9 million in Q1 2026; TTM through Mar 2026 was $1.9 billion, a 17.12% increase from a year earlier, with the FY2025 full-year figure at $1.8 billion, up 19.74% from the prior year.
  • Operating Expenses eased to $505.9 million in Q1 2026 per AMG's latest filing, from $526.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $526.6 million in Q4 2025 and bottomed at $357.4 million in Q3 2023.
  • The 5-year median for Operating Expenses is $395.1 million (2022), against an average of $411.1 million.
  • Across the five-year window, Operating Expenses fell 15.98% in 2023 and surged 34.2% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $452.5 million in 2022, then declined by 15.12% to $384.1 million in 2023, then advanced by 2.16% to $392.4 million in 2024, then jumped by 34.2% to $526.6 million in 2025, then retreated by 3.93% to $505.9 million in 2026.
  • Per Business Quant, the three latest AMG Operating Expenses figures stand at $505.9 million (Q1 2026), $526.6 million (Q4 2025), and $409.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -14.14 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 3.88 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 2.26 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 4.68 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.81 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 1.51 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 3.12 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 1.18 Bn
10 Affiliated Managers 9.31 Bn 9.20 Bn - 505.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 505.90 Mn
Dec 31, 2025 526.60 Mn
Sep 30, 2025 409.20 Mn
Jun 30, 2025 412.70 Mn
Mar 31, 2025 456.90 Mn
Dec 31, 2024 392.40 Mn
Sep 30, 2024 374.70 Mn
Jun 30, 2024 359.40 Mn
Mar 31, 2024 381.30 Mn
Dec 31, 2023 384.10 Mn
Sep 30, 2023 357.40 Mn
Jun 30, 2023 374.60 Mn
Mar 31, 2023 380.50 Mn
Dec 31, 2022 452.50 Mn
Sep 30, 2022 425.40 Mn
Jun 30, 2022 400.60 Mn
Mar 31, 2022 395.10 Mn
Dec 31, 2021 467.70 Mn
Sep 30, 2021 395.30 Mn
Jun 30, 2021 389.90 Mn