Artisan Partners Asset Management Inc.
Business
Artisan Partners Asset Management is a global multi-asset investment manager providing active investment strategies to institutional and intermediated wealth clients through separate accounts and pooled vehicles including mutual funds and private funds. The firm operates multiple specialized investment teams managing strategies across equity, credit, emerging markets and alternatives asset classes, distributed through institutional channels, investment consultants, and broker-dealer intermediaries. Investment revenues derive from management fees based on client assets under management and, for certain clients and strategies, performance fees.
Summary from 10-K filed 2026-02-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue from Contracts with Customers | 1,197 | 1,112 | 975 | 993 | 1,227 | |
| Total revenues | 1,197 | 1,112 | 975 | 993 | 1,227 | |
| Compensation and benefits | 650 | 594 | 529 | 510 | 563 | |
| Distribution, servicing and marketing | 28 | 26 | 24 | 25 | 32 | |
| Occupancy | 29 | 30 | 29 | 29 | 22 | |
| Communication and technology | 52 | 53 | 52 | 50 | 44 | |
| General and administrative | 38 | 42 | 38 | 35 | 26 | |
| Total operating expenses | 797 | 745 | 672 | 649 | 687 | |
| Operating Income (Loss), Total | 400 | 367 | 304 | 344 | 540 | |
| Interest income on cash and cash equivalents and other | 9 | 10 | 6 | 333,000 | 559,000 | |
| Net gain (loss) on the tax receivable agreements | 557,000 | −504,000 | 505,000 | 913,000 | 358,000 | |
| Total non-operating income (expense) | 90 | 74 | 80 | −32 | 11 | |
| Interest Expense, Nonoperating | 9 | 9 | 9 | 10 | — | |
| Income before income taxes | 489 | 441 | 384 | 312 | 552 | |
| Provision for income taxes | 111 | 91 | 72 | 63 | 107 | |
| Net income before noncontrolling interests | 378 | 350 | 312 | 248 | 445 | |
| Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings | 58 | 53 | 50 | 49 | 97 | |
| Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products | 29 | 37 | 40 | −7 | 11 | |
| Net income attributable to Artisan Partners Asset Management Inc. | 290 | 260 | 222 | 207 | 337 | |
| Earnings per share - Basic | 4.05 | 3.66 | 3.19 | 2.94 | 5.1 | |
| Earnings per share - Diluted | 4.05 | 3.66 | 3.19 | 2.94 | 5.09 | |
| Basic weighted average number of common shares outstanding | 66 | 65 | 63 | 62 | 60 | |
| Diluted weighted average number of common shares outstanding | 66 | 65 | 63 | 62 | 60 | |
| Dividends declared per Class A common share | 3.63 | 3.16 | 2.66 | 3.67 | 4.23 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Accounts receivable | 155 | 119 | 101 | 99 | 116 | |
| Investment securities | 228 | 209 | 151 | 85 | 48 | |
| Prepaid expenses | 21 | 14 | 15 | 16 | 13 | |
| Property and equipment, net | 33 | 41 | 47 | 48 | 35 | |
| Operating lease assets | 105 | 83 | 95 | 101 | 89 | |
| Deferred tax assets | 355 | 409 | 437 | 477 | 498 | |
| Total assets | 1,577 | 1,619 | 1,406 | 1,235 | 1,208 | |
| Accrued short-term incentive compensation | 29 | 21 | 19 | — | — | |
| Accrued long-term incentive compensation | 105 | 59 | 33 | — | — | |
| Operating lease liabilities | 121 | 101 | 113 | 121 | 100 | |
| Borrowings | 189 | 199 | 199 | 199 | 199 | |
| Amounts payable under tax receivable agreements | 303 | 341 | 364 | 399 | 425 | |
| Total liabilities | 795 | 869 | 802 | 820 | 801 | |
| Commitments and contingencies | — | — | — | — | — | |
| Redeemable noncontrolling interests | 304 | 328 | 252 | 135 | 111 | |
| Additional paid-in capital | 236 | 221 | 194 | 171 | 142 | |
| Retained earnings | 203 | 170 | 132 | 93 | 135 | |
| Accumulated other comprehensive income (loss) | −2 | −3 | −2 | −3 | −1 | |
| Total Artisan Partners Asset Management Inc. stockholders equity | 439 | 389 | 324 | 262 | 276 | |
| Noncontrolling interests - Artisan Partners Holdings | 39 | 33 | 27 | 17 | 20 | |
| Total stockholders equity | 478 | 422 | 351 | 279 | 296 | |
| Total liabilities, redeemable noncontrolling interests and stockholders equity | 1,577 | 1,619 | 1,406 | 1,235 | 1,208 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 9 | 10 | 9 | 8 | 7 | |
| Deferred income taxes | 56 | 44 | 42 | 30 | 38 | |
| Asset impairment | 0 | 979,000 | 0 | 1 | 0 | |
| Noncash lease expense | −1 | −988,000 | −242,000 | 2 | −2 | |
| Net investment (gain) loss on nonconsolidated investment securities | −41 | −21 | −19 | 17 | −2 | |
| Loss on disposal of property and equipment | 10,000 | 45,000 | 4,000 | 51,000 | 4,000 | |
| Amortization of debt issuance costs | 399,000 | 389,000 | 442,000 | 440,000 | 421,000 | |
| Share-based compensation | 29 | 32 | 34 | 42 | 40 | |
| Net investment (gain) loss of consolidated investment products | −47 | −52 | −63 | 7 | −20 | |
| Purchase of investments by consolidated investment products | −473 | −377 | −406 | −336 | −252 | |
| Proceeds from sale of investments by consolidated investment products | 225 | 281 | 282 | 212 | 197 | |
| Net change in operating assets and liabilities of consolidated investment products including net investment income | −17 | −78 | −35 | −46 | 31 | |
| Accounts receivable | −35 | −17 | 125,000 | 17 | −16 | |
| Prepaid expenses and other assets | −8 | 1 | −85,000 | 3 | −3 | |
| Accounts payable and accrued expenses | 64 | 43 | 27 | 16 | −1 | |
| Net cash provided by operating activities | 172 | 373 | 253 | 313 | 399 | |
| Acquisition of property and equipment | −371,000 | −2 | −2 | −7 | −2 | |
| Payments For Leasehold Improvements | 306,000 | 3 | 6 | 13 | 4 | |
| Proceeds from sale of investment securities | 77 | 12 | 6 | 5 | 13 | |
| Purchase of investment securities | −41 | −32 | −35 | −49 | −34 | |
| Net cash provided by (used in) investing activities | 35 | −25 | −38 | −64 | −27 | |
| Partnership distributions | 56 | 49 | 45 | 57 | 93 | |
| Dividends paid | −257 | −222 | −183 | −249 | −275 | |
| Payment of debt issuance costs | −464,000 | 0 | 0 | −543,000 | 0 | |
| Proceeds from issuance of notes payable | 50 | 0 | 0 | 90 | 0 | |
| Principal payments on notes payable | −60 | 0 | 0 | −90 | 0 | |
| Tax Receivable Agreement Payments | 38 | 37 | 36 | 33 | 31 | |
| Taxes paid related to employee net share settlement | −9 | −7 | −7 | −8 | −9 | |
| Capital contributions to consolidated investment products, net | 188 | 60 | 96 | 41 | 73 | |
| Net cash used in financing activities | −183 | −254 | −175 | −306 | −335 | |
| Net increase (decrease) in cash and cash equivalents | 24 | 94 | 40 | −58 | 36 | |
| Establishment of deferred tax assets | 1 | 19 | 3 | 9 | 54 | |
| Establishment of amounts payable under tax receivable agreements | 750,000 | 14 | 1 | 6 | 44 | |
| Increase in investment securities due to deconsolidation of consolidated investment products | 30 | 24 | 20 | 10 | 21 | |
| Operating lease assets obtained in exchange for operating leases | 36 | 3 | 7 | 32 | 21 | |
| Settlement of franchise capital liability via transfer of investment securities | 10 | 7 | 3 | 0 | 0 | |
| Non-cash contributions to consolidated investment products | 1 | 0 | 0 | — | — | |
| Interest on borrowings | 8 | 8 | 8 | 10 | 10 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Artisan Partners Asset Management Inc.'s CIK number?
Artisan Partners Asset Management Inc.'s SEC CIK number is 0001517302 (1517302). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Artisan Partners Asset Management Inc.'s SEC filings?
All of Artisan Partners Asset Management Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Artisan Partners Asset Management Inc. last report earnings?
Artisan Partners Asset Management Inc. (APAM) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001517302-26-000085). This is Artisan Partners Asset Management Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Artisan Partners Asset Management Inc.'s most recent earnings 8-K?
Artisan Partners Asset Management Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001517302-26-000085. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Artisan Partners Asset Management Inc.'s latest earnings 8-K →
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