Artisan Funds was Artisan Partners Asset Management’s largest revenue line in fiscal 2025, bringing in $683.51M of $1.17B (59%).
| Customer | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Artisan Funds | $573.92M | $562.80M | $636.15M | $683.51M | ||||||
| Separate Accounts | $375.68M | $364.55M | $408.18M | $425.74M | ||||||
| Artisan Global Funds | $43.13M | $43.46M | $52.60M | $58.31M | ||||||
| Total | $992.73M | $970.81M | $1.10B | $1.17B |
Artisan Partners Asset Management brought in $1.17B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 6.4% from $1.10B in fiscal 2024. Artisan Funds was the largest at $683.51M (58.5%), ahead of Separate Accounts at $425.74M (36.5%) and Artisan Global Funds at $58.31M (5.0%).
Compared with fiscal 2024, Artisan Global Funds grew fastest, up 10.9% to $58.31M. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $992.73M to $1.17B, a compound annual growth rate of 5.6%. Artisan Funds' share of the total rose from 57.8% to 58.5%.
U.S was Artisan Partners Asset Management’s largest region in fiscal 2025, bringing in $956.80M of $1.20B (80%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| U.S | $812.39M | $794.85M | $894.54M | $956.80M | |||||
| Non-U.S | $180.90M | $180.28M | $217.26M | $239.89M | |||||
| Total | $993.29M | $975.13M | $1.11B | $1.20B |
Artisan Partners Asset Management brought in $1.20B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 7.6% from $1.11B in fiscal 2024. U.S was the largest at $956.80M (80.0%), ahead of Non-U.S at $239.89M (20.0%).
Compared with fiscal 2024, Non-U.S grew 10.4% to $239.89M and U.S grew 7.0% to $956.80M. From fiscal 2022 to 2025, combined revenue from these regions grew from $993.29M to $1.20B, a compound annual growth rate of 6.4%. U.S's share of the total fell from 81.8% to 80.0%.
Non-Us Growth was Artisan Partners Asset Management’s largest revenue line in fiscal 2013, bringing in $116.17M of $280.84M (41%).
| Investment Securities Class | FY 2011 | FY 2013 |
|---|---|---|
| Non-Us Growth | $86.91M | $116.17M |
| Non-Us Value | $44.00M | $88.34M |
| Us Mid-Cap Growth | $53.42M | $76.33M |
| Us Mid-Cap Value | $64.40M | — |
| Total | $248.73M | $280.84M |
Artisan Partners Asset Management brought in $280.84M from its three revenue lines in fiscal 2013, the year ended December 31, 2013. Artisan Partners Asset Management regrouped these revenue lines after fiscal 2011, so the total does not compare directly with that year's $248.73M. Non-Us Growth was the largest at $116.17M (41.4%), ahead of Non-Us Value at $88.34M (31.5%) and Us Mid-Cap Growth at $76.33M (27.2%).
Compared with fiscal 2011, the previous year with figures, Non-Us Value grew fastest, up 100.8% to $88.34M. Every revenue line above 2% of revenue grew.
Artisan Partners Asset Management stopped reporting Us Mid-Cap Value as a separate revenue line after fiscal 2011, when it brought in $64.40M.
Artisan Partners Asset Management (APAM) reports its revenue by customer, by geography and by investment securities class. In fiscal 2025, Artisan Funds was its largest revenue line, bringing in $683.51M (58.5% of the total), followed by Separate Accounts at $425.74M (36.5%).
Artisan Funds was Artisan Partners Asset Management's largest revenue line in fiscal 2025, bringing in $683.51M, or 58.5% of the $1.17B total across its three revenue lines.
U.S was Artisan Partners Asset Management's largest region in fiscal 2025, bringing in $956.80M, or 80.0% of the $1.20B total across its two regions.
Among Artisan Partners Asset Management's revenue lines that make up at least 2% of revenue, Artisan Global Funds grew fastest in fiscal 2025, up 10.9% from $52.60M to $58.31M.
Every figure comes from Artisan Partners Asset Management's annual financial filings, as reported. Each line keeps the name Artisan Partners Asset Management gives it, and years follow its fiscal calendar.
Artisan Partners Asset Management's revenue by customer goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.