Artisan Partners Asset Management Inc. (APAM) FY2025 10-K Annual Report
Artisan Partners Asset Management Inc. (APAM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Artisan Partners Asset Management Inc. FY2025 10-K Analysis
Business Overview
- • Core business asset management focused on investment advisory services under complex regulatory environment
- • Emphasis on expanding operations into new geographic regions and more complex investment products with increased regulatory requirements
Management Discussion & Analysis
- • Revenue $1.20B (derived from operating income and margin), operating margin 35.3% in 2025 vs 33.8% in 2024, adjusted operating income $422.6M up from $376.0M
- • Best segment: consolidated investment products with increased subscriptions, seed investments $151.6M; no explicit worst segment disclosed
Risk Factors
- • Regulatory/legal risk: SEC oversight on fee transparency as performance fees now material to revenue, changing fee calculation methodology in Dec 2025
- • Macroeconomic threat: $12.7B net client cash outflows in 2025 amid market volatility, partly offset by $33.4B market appreciation in AUM
Artisan Partners Asset Management Inc. FY2025 Key Financial MetricsXBRL
Revenue
$1.2B
▲ +7.6% YoY
Net Income
$290M
▲ +11.8% YoY
Operating Margin
33.4%
▲ +42bp YoY
Net Margin
24.3%
▲ +90bp YoY
ROE
66.2%
▼ -63bp YoY
Total Assets
$1.6B
▼ -2.6% YoY
EPS (Diluted)
$4.05
▲ +10.7% YoY
Operating Cash Flow
$172M
▼ -53.9% YoY
Source: XBRL data from Artisan Partners Asset Management Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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