XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue from contract with customers $ 301,287 $ 279,582 $ 861,183 $ 814,751
Total revenues 301,287 279,582 861,183 814,751
Operating Expenses        
Compensation and benefits 163,242 149,034 484,279 445,704
Distribution, servicing and marketing 7,519 6,363 20,681 19,149
Occupancy 7,403 8,208 22,089 23,010
Communication and technology 12,720 13,053 39,187 39,661
General and administrative 8,584 9,744 26,821 29,759
Total operating expenses 199,468 186,402 593,057 557,283
Total operating income 101,819 93,180 268,126 257,468
Non-operating income (expense)        
Interest expense 2,218 2,199 6,451 6,454
Interest income on cash and cash equivalents and other 2,628 2,769 6,547 6,619
Total non-operating income (expense) 21,627 35,609 73,511 69,976
Income before income taxes 123,446 128,789 341,637 327,444
Provision for income taxes 36,973 24,604 81,841 65,307
Net income before noncontrolling interests 86,473 104,185 259,796 262,137
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 14,948 14,584 40,290 38,938
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 4,695 16,611 23,982 33,154
Net income attributable to Artisan Partners Asset Management Inc. $ 66,830 $ 72,990 $ 195,524 $ 190,045
Basic earnings per share (in dollars per share) $ 0.93 $ 1.03 $ 2.73 $ 2.68
Diluted earnings per share (in dollars per share) $ 0.93 $ 1.03 $ 2.73 $ 2.68
Basic weighted average number of common shares outstanding (in shares) 65,666,782 65,123,054 65,562,800 64,802,431
Diluted weighted average number of common shares outstanding (in shares) 65,666,782 65,162,898 65,562,800 64,840,056
Dividends declared per Class A common share (in dollars per share) $ 0.73 $ 0.71 $ 2.75 $ 2.34
Net gain (loss) on the tax receivable agreements $ 557 $ (504) $ 557 $ (504)
Variable Interest Entity, Primary Beneficiary        
Non-operating income (expense)        
Net investment gain (loss) 8,738 23,165 38,506 45,636
Consolidated Entity Excluding Variable Interest Entities (VIE)        
Non-operating income (expense)        
Net investment gain (loss) 11,922 12,378 34,352 24,679
Consolidated Investment Products        
Non-operating income (expense)        
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 4,695 16,611 23,982 33,154
Management fees        
Revenue from contract with customers 301,266 279,546 861,162 814,665
Management fees | Separate accounts and other        
Revenue from contract with customers 108,821 104,826 314,416 304,273
Performance fees        
Revenue from contract with customers     $ 21  
Performance fees | Separate accounts and other        
Revenue from contract with customers $ 21 $ 36   $ 86