Affiliated Managers reported revenue of $2.07 billion for fiscal year 2025 (ended December 31, 2025), up 1.6% from fiscal year 2024. Net income was $716.60 million, a net margin of 34.5%.
At the end of fiscal year 2025 it had total assets of $9.21 billion, total liabilities of $5.97 billion and shareholders' equity of $3.24 billion, with total debt of $2.69 billion.
Its operations brought in $979.20 million of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 4 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

Annual • USD
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $2.1B | $2.3B |
| Operating income | $405.5M | $666.4M | $685.0M | $770.5M |
| Net income | $716.6M | $511.6M | $672.9M | $1.1B |
| Total assets | $9.2B | $8.8B | $9.1B | $8.9B |
| Total liabilities | $6.0B | $5.5B | $5.5B | $5.7B |
| Shareholders' equity | $3.2B | $3.3B | $3.6B | $3.2B |
| Total debt | $2.7B | $2.6B | $2.5B | $2.5B |
| Operating cash flow | $979.2M | $937.4M | $871.3M | $1.1B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2022.
$2.07 billion, up 1.6% from $2.04 billion in fiscal year 2024.
Affiliated Managers reported net income of $716.60 million for fiscal year 2025 (34.5% of revenue); operating income was $405.50 million.
At the end of fiscal year 2025: total debt of $2.69 billion.