XML 35 R23.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Reporting
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure
Note 15. Segment Information
Artisan operates as one segment in the investment management business. The Company’s Chief Operating Decision Maker (the “CODM”) is its Chief Executive Officer and President, who reviews financial information on a consolidated basis for purposes of allocating resources and assessing financial performance. The CODM uses consolidated Net Income attributable to Artisan Partners Asset Management, Inc. as presented within the Consolidated Statements of Operations (“net income”), among other consolidated metrics, to evaluate segment performance. Based on net income, as well as the other metrics, the CODM considers whether to use profits to invest in growth initiatives or return cash to shareholders through dividends while assessing the level of resources available through review of “Total assets” as presented within the consolidated statements of financial condition. The CODM reviews significant segment expenses at a level consistent with that presented in the Consolidated Statements of Operations with the exception of Compensation and Benefits which is reviewed at a more disaggregated level as presented in the table below 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
Salaries$24,969 $25,003 $75,893 $74,076 
Incentive compensation100,784 93,469 290,717 276,221 
Benefits and payroll taxes10,296 10,132 39,951 36,770 
Long-term incentive compensation (1)
19,916 15,834 58,004 49,450 
Market valuation changes in compensation plans7,277 4,596 19,714 9,187 
Total compensation and benefits$163,242 $149,034 $484,279 $445,704 
(1) Excluding market valuation changes