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
DateValue
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