Acadian Asset Management (AAMI) Q3 FY2026 earnings

Acadian Asset Management Inc. (AAMI) announced its results for Q3 FY2026, the quarter ended 30 September 2026, on 29 October 2026. Net income was $36 million, up 135.1% on the year, and diluted earnings per share $1.00. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

RevenueNot yetwith the 10-Q

Net income$36 millionup 135.1%

Diluted EPS$1.00$0.42 a year earlier

QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 1 lowered, 1 kept.

Management fees rose 38%: Management fees rose 38% to $187.8 million on higher average AUM, driven by market appreciation and positive net client cash flows.
Net income and EPS more than doubled: Net income attributable to controlling interests was $35.5 million, up 135%; diluted EPS was $1.00, up 138%. Non-cash revaluation charges on Acadian LLC equity partly offset the gain.
ENI EPS reached a record: Economic net income was $48.3 million, up 78%; ENI diluted EPS was a record $1.36, up 79%, on revenue growth and margin expansion.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	n/a	185	144	n/a
Net income	35.5	27.3	15.1	+135.1%
Diluted EPS	$1.00	$0.76	$0.42	+138.1%

$ million except per share.

Q3 FY2026 is from the company's press release of 29 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right; revenue will come with the 10-Q.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	Q4 FY2021 †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	118	163	112	95.5	86.8	123	91.8	96.3	107	131	106	109	123	168	120	127	144	172	167	185
Operating income	28.7	48.5	43.2	46.7	30.1	47.9	19.8	20.4	30.2	35.6	22.9	20.6	27.0	65.0	31.9	16.2	26.6	57.4	41.9	32.4
Operating margin	24%	30%	39%	49%	35%	39%	22%	21%	28%	27%	22%	19%	22%	39%	27%	13%	18%	33%	25%	18%
Interest expense	6.2	n/a	6.5	4.8	4.6	n/a	4.9	5.4	n/a	n/a	5.0	5.3	4.7	4.4	4.8	5.3	4.6	7.0	3.4	3.6
Pre-tax income	57.4	58.5	33.4	41.3	25.3	44.8	17.1	17.0	27.5	34.9	21.8	17.1	28.4	58.4	32.1	23.6	34.4	53.1	37.6	38.8
Tax rate	25%	28%	29%	31%	30%	32%	30%	32%	28%	32%	28%	33%	33%	30%	26%	19%	22%	31%	35%	24%
Net income	230	39.2	23.8	28.6	17.8	30.4	12.0	11.4	19.6	22.8	14.6	11.0	16.9	42.5	20.1	10.1	15.1	34.7	24.3	27.3
Net margin	195%	24%	21%	30%	21%	25%	13%	12%	18%	17%	14%	10%	14%	25%	17%	8%	10%	20%	15%	15%
Diluted EPS	$2.76	$0.53	$0.53	$0.67	$0.42	$0.72	$0.28	$0.27	$0.46	$0.54	$0.37	$0.29	$0.45	$1.11	$0.54	$0.28	$0.42	$0.97	$0.68	$0.76
Operating cash flow	-30.3	-26.6	-14.4	44.3	33.4	53.5	-34.9	39.3	21.2	42.7	-40.4	45.7	69.6	-19.1	-48.8	61.6	-23.9	8.7	-44.9	26.0
Capital expenditure	3.7	n/a	4.0	4.2	4.5	n/a	4.5	3.4	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Free cash flow	-34.0	n/a	-18.4	40.1	28.9	n/a	-39.4	35.9	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Buybacks	0.0	n/a	103	0.0	0.0	n/a	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	0.4	n/a	0.3	0.3	0.2	n/a	0.5	0.3	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	80m	44m	41m	41m	41m	41m	41m	42m	37m	38m	38m	37m	37m	37m	36m	36m	36m	36m	36m	35m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 30 September 2026, filed with the SEC on 29 October 2026 with a Form 8-K: the release.