Artisan Partners Asset Management (APAM) Operating Expenses (2012 - 2026)

Artisan Partners Asset Management (APAM) reported Operating Expenses of $208.8 million for Q1 2026, up 9.54% year-over-year from $190.6 million in Q1 2025, and up 2.36% quarter-over-quarter from $204.0 million in Q4 2025.

Artisan Partners Asset Management (APAM) Operating Expenses (2012 - 2026) Analysis & Trends

Artisan Partners Asset Management (APAM) has 15 years of Operating Expenses data on file, last reported at $208.8 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $208.8 million, up 9.54% year-over-year; the trailing twelve-month figure through Mar 2026 was $815.2 million (up 8.83% YoY), and the FY2025 annual result was $797.1 million, up 6.96% from the prior year.
  • Operating Expenses grew to $208.8 million in Q1 2026 per APAM's latest filing, from $204.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $208.8 million in Q1 2026 and troughed at $155.6 million in Q3 2022.
  • A 5-year average of $180.7 million and a median of $184.2 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses slipped 11.96% in 2022, then grew 12.34% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $156.0 million in 2022, then gained by 10.61% to $172.6 million in 2023, then rose by 8.88% to $187.9 million in 2024, then rose by 8.57% to $204.0 million in 2025, then advanced by 2.36% to $208.8 million in 2026.
  • Business Quant data shows APAM's Operating Expenses at $208.8 million in Q1 2026, $204.0 million in Q4 2025, and $199.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 3.88 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 2.26 Bn
3 Kkr 86.45 Bn 133.96 Bn - 3.87 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 4.68 Bn
5 State Street 46.95 Bn 21.27 Bn - 2.81 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 1.51 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 3.12 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 1.17 Bn
10 Artisan Partners Asset Management 2.37 Bn 2.45 Bn 295.53 Mn 208.81 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 208.81 Mn
Dec 31, 2025 204.00 Mn
Sep 30, 2025 199.47 Mn
Jun 30, 2025 202.98 Mn
Mar 31, 2025 190.61 Mn
Dec 31, 2024 187.89 Mn
Sep 30, 2024 186.40 Mn
Jun 30, 2024 184.17 Mn
Mar 31, 2024 186.71 Mn
Dec 31, 2023 172.57 Mn
Sep 30, 2023 166.57 Mn
Jun 30, 2023 166.20 Mn
Mar 31, 2023 166.20 Mn
Dec 31, 2022 156.02 Mn
Sep 30, 2022 155.59 Mn
Jun 30, 2022 162.98 Mn
Mar 31, 2022 174.61 Mn
Dec 31, 2021 177.22 Mn
Sep 30, 2021 173.52 Mn
Jun 30, 2021 167.15 Mn