Artisan Partners Asset Management (APAM) Operating Expenses (2012 - 2026)
Artisan Partners Asset Management (APAM) recorded Operating Expenses of $223.29 million in Q2 2026, up 10.0% from $202.98 million a year earlier and up 6.9% from the prior quarter.
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Analysis
Artisan Partners Asset Management (APAM) Operating Expenses (2012 - 2026) Analysis & Trends
On a TTM basis, Artisan Partners Asset Management's Operating Expenses came in at $835.56 million as of Jun 30, 2026, up 8.8% year-over-year; for FY2025, it was $797.06 million, up 7.0% from FY2024.
- Annual Operating Expenses has increased for three straight years, with a five-year compound annual growth rate of 8.0% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $745.17 million in FY2024 (+11.0%), $671.54 million in FY2023 (+3.4%), $649.19 million in FY2022 (-5.5%) and $686.75 million in FY2021 (+26.9%).
- The Q2 2026 figure is the highest quarterly Operating Expenses since Q1 2013.
- On a year-over-year basis, Operating Expenses has increased for 13 consecutive quarters, with growth averaging 8.5% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 28.0% in Q3 2021, against a decline of 12.0% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $208.81 million (Q1 2026), $204 million (Q4 2025) and $199.47 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 166.01 Bn | 112.36 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 133.03 Bn | -424.98 Bn | - | 149.76 Mn |
| 3 | Blackstone | 86.20 Bn | 81.13 Bn | - | 2.38 Bn |
| 4 | Kkr | 83.71 Bn | 50.19 Bn | - | 5.41 Bn |
| 5 | Brookfield | 81.54 Bn | -83.85 Bn | 4.47 Bn | 14.94 Bn |
| 6 | Brookfield Asset Management | 71.09 Bn | 67.34 Bn | - | 659.00 Mn |
| 7 | Apollo Global Management | 68.54 Bn | 6.22 Bn | 10.56 Bn | 8.74 Bn |
| 8 | Wheaton Precious Metals | 61.57 Bn | 57.00 Bn | 687.86 Mn | 133.83 Mn |
| 9 | Franco Nevada | 47.40 Bn | 44.76 Bn | 451.00 Mn | 7.80 Mn |
| 10 | Artisan Partners Asset Management | 2.90 Bn | 1.74 Bn | - | 223.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 223.29 Mn |
| 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 |
API Access
Artisan Partners Asset Management Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=APAM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "APAM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=APAM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();