Affiliated Managers (MGR) Operating Expenses (2009 - 2026)
Affiliated Managers (MGR) recorded quarterly Operating Expenses of $505.9 million in Q1 2026, down 3.93% quarter-over-quarter from $526.6 million in Q4 2025, and up 10.72% on a YoY basis from $456.9 million in Q1 2025.
Affiliated Managers (MGR) Operating Expenses (2009 - 2026) Analysis & Trends
Affiliated Managers' Operating Expenses history runs 18 years deep, the most recent figure standing at $505.9 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 10.72% year-over-year to $505.9 million; the TTM figure through Mar 2026 stood at $1.9 billion (up 17.12% YoY), while the FY2025 annual figure was $1.8 billion, up 19.74% from the prior year.
- Operating Expenses was $505.9 million for Q1 2026 at Affiliated Managers, down from $526.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $526.6 million in Q4 2025 to a low of $357.4 million in Q3 2023.
- Historically, Operating Expenses has averaged $411.1 million across 5 years, with a median of $395.1 million in 2022.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses dropped 15.98% in 2023, then soared 34.2% in 2025.
- A 5-year view of Operating Expenses shows it stood at $452.5 million in 2022, then declined by 15.12% to $384.1 million in 2023, then advanced by 2.16% to $392.4 million in 2024, then jumped by 34.2% to $526.6 million in 2025, then retreated by 3.93% to $505.9 million in 2026.
- The last three Operating Expenses figures came in at $505.9 million (Q1 2026), $526.6 million (Q4 2025), and $409.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | 2.26 Bn |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 1.51 Bn |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | 1.17 Bn |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | 3.12 Bn |
| 10 | Affiliated Managers | - | - | - | 505.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 505.90 Mn |
| Dec 31, 2025 | 526.60 Mn |
| Sep 30, 2025 | 409.20 Mn |
| Jun 30, 2025 | 412.70 Mn |
| Mar 31, 2025 | 456.90 Mn |
| Dec 31, 2024 | 392.40 Mn |
| Sep 30, 2024 | 374.70 Mn |
| Jun 30, 2024 | 359.40 Mn |
| Mar 31, 2024 | 381.30 Mn |
| Dec 31, 2023 | 384.10 Mn |
| Sep 30, 2023 | 357.40 Mn |
| Jun 30, 2023 | 374.60 Mn |
| Mar 31, 2023 | 380.50 Mn |
| Dec 31, 2022 | 452.50 Mn |
| Sep 30, 2022 | 425.40 Mn |
| Jun 30, 2022 | 400.60 Mn |
| Mar 31, 2022 | 395.10 Mn |
| Dec 31, 2021 | 467.70 Mn |
| Sep 30, 2021 | 395.30 Mn |
| Jun 30, 2021 | 389.90 Mn |