Cohen & Steers (CNS) Q1 FY2026 earnings: revenue $146 million, up 8.3% on the year

Cohen & Steers, Inc. (CNS) reported revenue of $146 million for Q1 FY2026, the quarter ended 31 March 2026, up 8.3% on the same quarter a year earlier. Net income was $42 million, up 6.5% on the year, and diluted earnings per share $0.82. The figures are the company's own, from the 10-Q it filed with the SEC on 1 May 2026.

Revenue$146 millionup 8.3%

Net income$42 millionup 6.5%

Diluted EPS$0.82

QuarterQ1 FY2026ended 31 March 2026

The quarter, against the one before and a year earlier

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Revenue	146	144	134	+8.3%
Operating income	50.1	40.3	45.2	+10.9%
Operating margin	34.4%	28.0%	33.6%
Pre-tax income	57.2	42.3	53.0	+8.0%
Net income	42.4	34.9	39.8	+6.5%
Net margin	29.1%	24.3%	29.6%
Diluted EPS	$0.82	$0.68	$0.77	+6.5%

$ million except per share.

Fourth quarters are the year less the first three quarters. 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. Those four are arithmetic on the filed numbers; everything else 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 share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Operating cash flow	-51.4	1.1	-109	n/a
Capital expenditure	n/a	0.3	1.1	n/a
Free cash flow	n/a	0.8	-110	n/a
Free cash flow margin	n/a	0.5%	-81.8%
Cash from investing	-24.8	39.1	2.0	n/a
Cash from financing	-13.7	7.6	-10.5	n/a
Depreciation and amortisation	2.6	2.5	2.4	+9.2%
Share-based compensation	10.8	10.1	11.4	-5.1%
Buybacks	16.9	1.6	26.0	-34.9%
Dividends paid	34.5	31.8	31.7	+8.9%
Dividend per share	$0.67	n/a	$0.62	+8.1%
Diluted shares, weighted	52m	52m	51m	+0.3%
Shares outstanding at period end	51m	51m	51m	+0.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Shareholders' equity	563	562	508	+11.0%
Non-controlling interest	59.9	49.1	12.0	+401.4%
Redeemable equity	43.7	22.8	n/a	n/a
Debt	0.0	0.0	0.0	n/a
Operating lease liabilities	n/a	138	140	n/a
Other liabilities	188	105	175	+7.2%
Total liabilities and equity	855	877	835	+2.4%
Fixed assets	62.3	65.1	67.5	-7.8%
Goodwill	n/a	18.8	n/a	n/a
Cash and equivalents	53.1	145	65.2	-18.6%
Receivables	n/a	79.8	n/a	n/a
Other assets	739	568	702	+5.3%
Total assets	855	877	835	+2.4%

Questions

What was Cohen & Steers' revenue in Q1 FY2026?

Cohen & Steers (CNS) reported revenue of $146 million for Q1 FY2026, the quarter ended 31 March 2026, up 8.3% on the same quarter a year earlier.

How much did Cohen & Steers earn in Q1 FY2026?

Net income for Q1 FY2026 was $42 million, up 6.5% on the year, and diluted earnings per share $0.82.

When did Cohen & Steers report Q1 FY2026 results?

Cohen & Steers filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 1 May 2026.

Quarterly results, the last 12 quarters

	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	124	119	123	122	133	140	134	136	142	144	146	153
Operating income	40.9	37.9	40.3	38.4	44.9	49.3	45.2	43.3	48.9	40.3	50.1	52.8
Operating margin	33%	32%	33%	32%	34%	35%	34%	32%	35%	28%	34%	35%
Pre-tax income	35.7	54.5	45.3	41.0	67.6	55.7	53.0	53.8	55.6	42.3	57.2	72.0
Tax rate	30%	22%	24%	27%	18%	23%	n/a	22%	n/a	n/a	n/a	23%
Net income	32.1	29.8	34.0	31.8	39.7	45.8	39.8	36.8	41.7	34.9	42.4	49.3
Net margin	26%	25%	28%	26%	30%	33%	30%	27%	29%	24%	29%	32%
Diluted EPS	$0.65	$0.60	$0.68	$0.63	$0.77	$0.89	$0.77	$0.72	$0.81	$0.68	$0.82	$0.95
Operating cash flow	74.7	58.6	4.9	31.4	25.6	34.8	-109	-67.6	55.1	1.1	-51.4	67.4
Capital expenditure	26.0	10.8	4.3	4.2	1.4	1.7	1.1	2.1	2.5	0.3	n/a	n/a
Free cash flow	48.7	47.7	0.5	27.1	24.2	33.1	-110	-69.8	52.6	0.8	n/a	n/a
Buybacks	0.1	0.9	19.4	0.1	0.1	1.5	26.0	0.6	0.3	1.6	16.9	0.4
Dividends paid	28.2	28.1	29.3	29.9	30.0	30.0	31.7	31.7	31.7	31.8	34.5	34.5
Shares outstanding	49m	56m	51m	51m	51m	51m	51m	51m	51m	51m	51m	51m
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

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 fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. 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.

Source

10-Q for the period ended 31 March 2026, filed 1 May 2026, accession 0001284812-26-000045: the filing on EDGAR. All of Cohen & Steers, Inc.'s filings: EDGAR company page.

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