Artisan Partners Asset Management Inc.

For the period ended Dec 31, 2025. Filed Feb 20, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 20, 2026

APAM$40.21+1.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations for the years ended and

(U.S. dollars in thousands, except per share amounts)

	For the Years Ended December 31,
	2025	2024	2023
Revenues
Management fees	$1,167,564	$1,096,935	$970,812
Performance fees	29,124	14,867	4,319
Total revenues	$1,196,688	$1,111,802	$975,131
Operating Expenses
Compensation and benefits	649,579	594,125	529,395
Distribution, servicing and marketing	28,131	25,758	23,621
Occupancy	29,178	30,262	28,931
Communication and technology	52,384	52,972	51,742
General and administrative	37,785	42,056	37,850
Total operating expenses	797,057	745,173	671,539
Total operating income	399,631	366,629	303,592
Non-operating income (expense)
Interest expense	(8,550)	(8,610)	(8,571)
Interest income on cash and cash equivalents and other	9,362	9,612	6,301
Net gain (loss) on the tax receivable agreements	557	(504)	505
Net investment gain (loss) of consolidated investment products	47,426	51,961	62,702
Net investment gain (loss) of nonconsolidated investment products	40,706	21,464	19,163
Total non-operating income (expense)	89,501	73,923	80,100
Income before income taxes	489,132	440,552	383,692
Provision for income taxes	111,253	90,901	71,888
Net income before noncontrolling interests	377,879	349,651	311,804
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings	58,242	52,919	49,522
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products	29,317	36,984	39,993
Net income attributable to Artisan Partners Asset Management Inc.	$290,320	$259,748	$222,289
Basic earnings per share	$4.05	$3.66	$3.19
Diluted earnings per share	$4.05	$3.66	$3.19
Basic weighted average number of common shares outstanding	65,603,942	64,900,228	63,451,932
Diluted weighted average number of common shares outstanding	65,603,942	64,939,183	63,486,479
Dividends declared per Class A common share	$3.63	$3.16	$2.66

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.