Artisan Partners Asset Management (APAM) Gross Margin (2018 - 2026)
Artisan Partners Asset Management (APAM) reported Gross Margin of 97.53% for Q1 2026, down 15.0% year-over-year from 114.74% in Q1 2025, and little changed on a QoQ basis from 97.78% in Q4 2025.
Artisan Partners Asset Management (APAM) has 9 years of Gross Margin data on file, last reported at 97.53% in Q1 2026.
- Quarterly Gross Margin fell 15.0% year-over-year to 97.53% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 97.61% (down 9.0% YoY) and the FY2025 annual result came in at 97.65%, down 3.0% from the prior year.
- Gross Margin was little changed at 97.53% in Q1 2026 per APAM's latest filing, from 97.78% in the prior quarter.
- Across five years, Gross Margin topped out at 97.78% in Q4 2025 and bottomed at 97.49% in Q1 2022.
- The 5-year median for Gross Margin is 97.6% (2023), against an average of 97.6%.
- The widest annual swing landed in 2024, when Gross Margin rose 20 bps; it then fell 22 bps in 2025.
- Tracing APAM's Gross Margin over 5 years: stood at 97.5% in 2022, then increased by 0 bps to 97.66% in 2023, then increased by 0 bps to 97.78% in 2024, then gained by 0 bps to 97.78% in 2025, then retreated by 0 bps to 97.53% in 2026.
- Per Business Quant, the three latest APAM Gross Margin figures stand at 97.53% (Q1 2026), 97.78% (Q4 2025), and 97.5% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | - |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | - |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | - |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | - |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 99.70% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 93.51% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | - |
| 10 | Artisan Partners Asset Management | 2.47 Bn | 2.55 Bn | 295.53 Mn | 97.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 97.53% |
| Dec 31, 2025 | 97.78% |
| Sep 30, 2025 | 97.50% |
| Jun 30, 2025 | 97.62% |
| Mar 31, 2025 | 97.68% |
| Dec 31, 2024 | 97.78% |
| Sep 30, 2024 | 97.72% |
| Jun 30, 2024 | 97.64% |
| Mar 31, 2024 | 97.58% |
| Dec 31, 2023 | 97.66% |
| Sep 30, 2023 | 97.53% |
| Jun 30, 2023 | 97.52% |
| Mar 31, 2023 | 97.60% |
| Dec 31, 2022 | 97.50% |
| Sep 30, 2022 | 97.61% |
| Jun 30, 2022 | 97.49% |
| Mar 31, 2022 | 97.49% |
| Dec 31, 2021 | 97.46% |
| Sep 30, 2021 | 97.43% |
| Jun 30, 2021 | 97.38% |
| Mar 31, 2021 | 97.39% |
| Dec 31, 2020 | 97.26% |
| Sep 30, 2020 | 97.31% |
| Jun 30, 2020 | 97.36% |
| Mar 31, 2020 | 97.26% |
| Dec 31, 2019 | 97.12% |
| Sep 30, 2019 | 97.08% |
| Jun 30, 2019 | 97.09% |
| Mar 31, 2019 | 97.11% |
| Dec 31, 2018 | 96.79% |
| Sep 30, 2018 | 96.91% |
| Jun 30, 2018 | 96.77% |
| Mar 31, 2018 | 96.69% |