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| Date | Value |
|---|---|
| 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 |