Artisan Partners Asset Management Inc. Q3 2025 Earnings Recap

Artisan Partners reported strong financial performance in Q3 2025, achieving record assets under management (AUM) of $181.3 billion and a 23% increase in adjusted earnings per share compared to the previous quarter.

Key Takeaways

• Investment performance remains robust, with over 70% of AUM outperforming benchmarks over 3 years; strategies have compounded returns between nearly 6% to over 13% net of fees.
• Despite some net outflows from certain equity strategies, 14 out of 26 strategies attracted net inflows year-to-date; credit business continues a positive trend with $1.8 billion in inflows.
• Revenue grew 8% year-over-year, driven by strong market conditions and lower fixed expenses, resulting in a margin expansion of 450 basis points.