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| Date | Value |
|---|---|
| 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 |