Artisan Partners Asset Management (APAM) Cost of Revenue (2018 - 2026)
Artisan Partners Asset Management (APAM) reported Cost of Revenue of $7.5 million for Q1 2026, up 16.29% year-over-year from $6.4 million in Q1 2025, and little changed quarter-over-quarter from $7.4 million in Q4 2025.
Artisan Partners Asset Management (APAM) Cost of Revenue (2018 - 2026) Analysis & Trends
Artisan Partners Asset Management (APAM) has 9 years of Cost of Revenue data on file, last reported at $7.5 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $7.5 million, up 16.29% year-over-year; the trailing twelve-month figure through Mar 2026 was $29.2 million (up 13.1% YoY), and the FY2025 annual result was $28.1 million, up 9.21% from the prior year.
- Cost of Revenue steadied at $7.5 million in Q1 2026 per APAM's latest filing, from $7.4 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $7.5 million in Q3 2025 and troughed at $5.6 million in Q3 2022.
- A 5-year average of $6.4 million and a median of $6.4 million in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue plunged 31.21% in 2022, then grew 18.17% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $5.7 million in 2022, then grew by 3.09% to $5.8 million in 2023, then rose by 13.26% to $6.6 million in 2024, then rose by 12.73% to $7.4 million in 2025, then gained by 0.4% to $7.5 million in 2026.
- Business Quant data shows APAM's Cost of Revenue at $7.5 million in Q1 2026, $7.4 million in Q4 2025, and $7.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | - |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | - |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | - |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 15.00 Mn |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | - |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 317.00 Mn |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | - |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | - |
| 10 | Artisan Partners Asset Management | 2.38 Bn | 2.46 Bn | 295.53 Mn | 7.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.48 Mn |
| Mar 31, 2026 | 7.48 Mn |
| Dec 31, 2025 | 7.45 Mn |
| Dec 31, 2025 | 7.45 Mn |
| Sep 30, 2025 | 7.52 Mn |
| Sep 30, 2025 | 7.52 Mn |
| Jun 30, 2025 | 6.73 Mn |
| Jun 30, 2025 | 6.73 Mn |
| Mar 31, 2025 | 6.43 Mn |
| Mar 31, 2025 | 6.43 Mn |
| Dec 31, 2024 | 6.61 Mn |
| Dec 31, 2024 | 6.61 Mn |
| Sep 30, 2024 | 6.36 Mn |
| Sep 30, 2024 | 6.36 Mn |
| Jun 30, 2024 | 6.40 Mn |
| Jun 30, 2024 | 6.40 Mn |
| Mar 31, 2024 | 6.39 Mn |
| Mar 31, 2024 | 6.39 Mn |
| Dec 31, 2023 | 5.84 Mn |
| Dec 31, 2023 | 5.84 Mn |