Investment Advisory & Administration Fees was Cohen & Steers’s largest product and service line in fiscal 2025, bringing in $1.05B of $1.38B (76%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Investment Advisory & Administration Fees | — | — | — | $1.05B | ||||||
| Open-End Funds | $652.34M | $539.45M | $576.74M | — | ||||||
| Institutional Accounts | $268.02M | $247.13M | $258.14M | $265.42M | ||||||
| Closed-End Funds | $213.44M | $192.69M | $199.95M | — | ||||||
| Distribution & Service Fees | — | — | — | $58.68M | ||||||
| Other (2) | — | — | — | — | ||||||
| Portfolio Consulting & Other | — | — | — | — | ||||||
| Other | $5.00M | $4.05M | $4.43M | $3.89M | ||||||
| Total | $1.14B | $983.33M | $1.04B | $1.38B |
Cohen & Steers brought in $1.38B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. Cohen & Steers regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $1.04B. Investment Advisory & Administration Fees was the largest at $1.05B (76.2%), ahead of Institutional Accounts at $265.42M (19.3%) and Distribution & Service Fees at $58.68M (4.3%). The remaining line, Other, brought in $3.89M.
Cohen & Steers stopped reporting Open-End Funds ($576.74M in fiscal 2024) and Closed-End Funds ($199.95M in fiscal 2024) as separate lines.
North America was Cohen & Steers’s largest region in fiscal 2025, bringing in $968.48M of $1.11B (87%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | $992.74M | $846.26M | $898.82M | $968.48M | |||||||||||
| United States | — | — | — | — | |||||||||||
| Japan | $72.11M | $63.74M | $63.39M | $62.15M | |||||||||||
| Europe, Middle East & Africa | $42.88M | $42.84M | $41.48M | $46.88M | |||||||||||
| Europe | — | — | — | — | |||||||||||
| Other | — | — | — | — | |||||||||||
| Asia Pacific, Excluding Japan | $26.09M | $26.44M | $31.14M | $34.73M | |||||||||||
| Asia, Excluding Japan | — | — | — | — | |||||||||||
| Total | $1.13B | $979.27M | $1.03B | $1.11B |
Cohen & Steers brought in $1.11B from its four regions in fiscal 2025, the year ended December 31, 2025. That is less than the $1.38B it reports by product and service, so these regions do not cover all of its revenue. North America was the largest at $968.48M (87.1%), ahead of Japan at $62.15M (5.6%) and Europe, Middle East & Africa at $46.88M (4.2%). The remaining region, Asia Pacific, Excluding Japan, brought in $34.73M.
Compared with fiscal 2024, Europe, Middle East & Africa grew fastest, up 13.0% to $46.88M, while Japan fell the most, down 2.0% to $62.15M.
Cohen Steers Preferred Securities & Income Fund, Inc. (Cpx) was Cohen & Steers’s largest revenue line in fiscal 2025, bringing in $131.33M of $505.92M (26%).
| Concentration Risk Type | FY 2025 |
|---|---|
| Cohen Steers Preferred Securities & Income Fund, Inc. (Cpx) | $131.33M |
| Cohen Steers Real Estate Securities Fund, Inc. (Csi) | $129.48M |
| Cohen Steers Realty Shares, Inc. (Csr) | $127.40M |
| Cohen Steers Institutional Realty Shares | $117.71M |
| Total | $505.92M |
Cohen & Steers brought in $505.92M from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $1.38B it reports by product and service, so these revenue lines do not cover all of its revenue. Cohen Steers Preferred Securities & Income Fund, Inc. (Cpx) was the largest at $131.33M (26.0%), ahead of Cohen Steers Real Estate Securities Fund, Inc. (Csi) at $129.48M (25.6%) and Cohen Steers Realty Shares, Inc. (Csr) at $127.40M (25.2%). The remaining revenue line, Cohen Steers Institutional Realty Shares, brought in $117.71M.
Cohen & Steers (CNS) reports its revenue by product and service, by geography and by concentration risk type. In fiscal 2025, Investment Advisory & Administration Fees was its largest product and service line, bringing in $1.05B (76.2% of the total), followed by Institutional Accounts at $265.42M (19.3%).
Investment Advisory & Administration Fees was Cohen & Steers' largest product and service line in fiscal 2025, bringing in $1.05B, or 76.2% of the $1.38B total across its four product and service lines.
North America was Cohen & Steers' largest region in fiscal 2025, bringing in $968.48M, or 87.1% of the $1.11B total across its four regions.
Cohen Steers Preferred Securities & Income Fund, Inc. (Cpx) was Cohen & Steers' largest revenue line in fiscal 2025, bringing in $131.33M, or 26.0% of the $505.92M total across its four revenue lines.
Among Cohen & Steers' regions that make up at least 2% of revenue, Europe, Middle East & Africa grew fastest in fiscal 2025, up 13.0% from $41.48M to $46.88M.
Every figure comes from Cohen & Steers' annual financial filings, as reported. Each line keeps the name Cohen & Steers gives it, and years follow its fiscal calendar.
Cohen & Steers' revenue by product and service 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.