Affiliated Managers (MGRD) Operating Expenses (2009 - 2026)
Affiliated Managers' quarterly Operating Expenses came in at $505.9 million in Q1 2026, up 10.72% year-on-year from $456.9 million in Q1 2025, and down 3.93% quarter-over-quarter from $526.6 million in Q4 2025.
Affiliated Managers has reported Operating Expenses for 18 years, with the latest figure at $505.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 10.72% year-over-year to $505.9 million; the trailing twelve-month figure through Mar 2026 stood at $1.9 billion (up 17.12% YoY), and the FY2025 full-year result was $1.8 billion, up 19.74% from the prior year.
- Operating Expenses for Q1 2026 stood at $505.9 million, down from $526.6 million in the prior quarter.
- The five-year high for Operating Expenses was $526.6 million in Q4 2025, with the low at $357.4 million in Q3 2023.
- Average Operating Expenses over 5 years is $411.1 million, with a median of $395.1 million recorded in 2022.
- Year-over-year, Operating Expenses fell 15.98% in 2023 and surged 34.2% in 2025.
- Tracing MGRD's Operating Expenses over 5 years: stood at $452.5 million in 2022, then fell by 15.12% to $384.1 million in 2023, then climbed by 2.16% to $392.4 million in 2024, then surged by 34.2% to $526.6 million in 2025, then decreased 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 | 158.51 Bn | 148.89 Bn | - | 3.88 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 2.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 3.87 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 4.68 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.81 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 3.67 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 1.51 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 1.17 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 |
| Mar 31, 2021 | 378.50 Mn |
| Dec 31, 2020 | 386.70 Mn |
| Sep 30, 2020 | 359.20 Mn |
| Jun 30, 2020 | 409.60 Mn |
| Mar 31, 2020 | 354.30 Mn |
| Dec 31, 2019 | 445.00 Mn |
| Sep 30, 2019 | 373.40 Mn |
| Jun 30, 2019 | 412.60 Mn |
| Mar 31, 2019 | 387.80 Mn |
| Dec 31, 2018 | 427.30 Mn |
| Sep 30, 2018 | 421.60 Mn |
| Jun 30, 2018 | 407.60 Mn |
| Mar 31, 2018 | 435.40 Mn |
| Dec 31, 2017 | 428.50 Mn |
| Sep 30, 2017 | 389.60 Mn |
| Jun 30, 2017 | 394.90 Mn |
| Mar 31, 2017 | 391.70 Mn |
| Dec 31, 2016 | 482.50 Mn |
| Sep 30, 2016 | 373.70 Mn |
| Jun 30, 2016 | 372.30 Mn |
| Mar 31, 2016 | 366.60 Mn |
| Dec 31, 2015 | 396.60 Mn |
| Sep 30, 2015 | 397.90 Mn |
| Jun 30, 2015 | 451.40 Mn |
| Mar 31, 2015 | 403.60 Mn |
| Dec 31, 2014 | 442.60 Mn |
| Sep 30, 2014 | 416.10 Mn |
| Jun 30, 2014 | 437.90 Mn |
| Mar 31, 2014 | 399.10 Mn |
| Dec 31, 2013 | 440.90 Mn |
| Sep 30, 2013 | 382.50 Mn |
| Jun 30, 2013 | 379.60 Mn |
| Mar 31, 2013 | 351.70 Mn |
| Dec 31, 2012 | 364.10 Mn |
| Sep 30, 2012 | 327.60 Mn |
| Jun 30, 2012 | 404.60 Mn |
| Mar 31, 2012 | 308.90 Mn |
| Dec 31, 2011 | 307.20 Mn |
| Sep 30, 2011 | 287.80 Mn |
| Jun 30, 2011 | 322.30 Mn |
| Mar 31, 2011 | 301.40 Mn |
| Dec 31, 2010 | 306.70 Mn |
| Sep 30, 2010 | 258.80 Mn |
| Jun 30, 2010 | 236.30 Mn |
| Mar 31, 2010 | 182.50 Mn |
| Dec 31, 2009 | 164.42 Mn |
| Sep 30, 2009 | 154.43 Mn |
| Jun 30, 2009 | 150.35 Mn |