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Revenue From Contracts with Customers
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue From Contracts with Customers
Note 9. Revenue From Contracts with Customers
The following table presents a disaggregation of investment advisory revenue by type and vehicle for the three and nine months ended September 30, 2025 and 2024:
For the Three Months Ended September 30,
 For the Nine Months Ended September 30,
2025202420252024
Management fees
   Artisan Funds$177,332 $161,433 $504,264 $471,637 
   Artisan Global Funds15,113 13,287 42,482 38,755 
   Separate accounts and other (1)
108,821 104,826 314,416 304,273 
Performance fees
   Separate accounts and other (1)
21 36 21 86 
Total revenues (2)
$301,287 $279,582 $861,183 $814,751 
(1) Separate accounts and other revenue consists of fees earned from vehicles other than Artisan Funds or Artisan Global Funds, and therefore includes revenue earned from traditional separate accounts, Artisan-branded collective investment trusts and Artisan Private Funds, as well as assets under advisement related to investment models for which we provide consulting advice but do not have discretionary investment authority.
(2) All management fees and performance fees from consolidated investment products were eliminated upon consolidation and therefore are omitted from this table. See Note 14, “Related Party Transactions.”
The following table presents the balances of receivables related to contracts with customers:
CustomerAs of September 30, 2025As of December 31, 2024
   Artisan Funds$9,667 $8,699 
   Artisan Global Funds7,374 6,859 
   Separate accounts and other91,988 98,144 
Total receivables from contracts with customers109,029 113,702 
Non-customer receivables4,938 4,965 
Accounts receivable$113,967 $118,667 
Artisan Funds and Artisan Global Funds are billed on the last day of each month. Artisan Funds and Artisan Global Funds make payments on the same day the invoice is received for the majority of the invoiced amount. The remainder of the invoice is generally paid in the month following receipt of the invoice. Separate accounts and other clients are generally billed on a monthly or quarterly basis, with payments due within 30 days of billing.
Artisan had no other contract assets or liabilities from contracts with customers as of September 30, 2025 or December 31, 2024.
Non-customer receivables include state tax payments made on behalf of certain limited partners, which are then netted from subsequent distributions or payments to the limited partners, as well as redemptions of investments that have not yet been collected. Non-customer receivables associated with redemptions of investments was $0.4 million and $3.6 million as of September 30, 2025 and December 31, 2024, respectively.