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Income Taxes and Related Payments (Tables)

9 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

Components of the provision for income taxes

Components of the provision for income taxes consist of the following:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2025						2024						2025						2024
Current:
Federal			$	11,047					$	9,658					$	26,812					$	23,398
State and local			3,147						3,457						7,760						7,458
Foreign			361						(40)						709						459
Total			14,555						13,075						35,281						31,315
Deferred:
Federal			19,052						9,758						39,578						28,856
State and local			3,366						1,771						6,982						5,136
Total			22,418						11,529						46,560						33,992
Income tax expense (benefit)			$	36,973					$	24,604					$	81,841					$	65,307

Schedule of Other Assets and Other Liabilities

The change in the Company’s deferred tax assets related to the tax benefits described above and the change in corresponding amounts payable under the TRAs for the nine months ended September 30, 2025, is summarized as follows:

			Deferred Tax Asset - Amortizable Basis						Amounts Payable Under TRAs
December 31, 2024			$	354,773					$	341,461
2025 Holdings Common Unit Exchanges			619						527
Amortization			(35,747)						—
Payments under TRAs			—						(38,286)
Change in estimate			2						(557)
September 30, 2025			$	319,647					$	303,145

Components of deferred tax assets

Net deferred tax assets comprise the following:

			As of September 30, 2025						As of December 31, 2024
Deferred tax assets:
Amortizable basis (1)			$	319,647					$	354,773
Other (2)			43,899						54,613
Total deferred tax assets			363,546						409,386
Less: valuation allowance (3)			—						—
Net deferred tax assets			$	363,546					$	409,386
(1) Represents the unamortized step-up of tax basis and other tax attributes from the merger and partnership unit sales and exchanges described above. These future tax benefits are subject to the TRA agreements.
(2) Represents the net deferred tax assets associated with Artisan’s investment in Holdings, related primarily to incentive compensation plan deduction timing differences. These future tax benefits are not subject to the TRA agreements. The decrease in the nine months ended September 30, 2025 is primarily associated with a $10.7 million charge associated with the enactment of the OBBBA.
(3) Artisan assessed whether the deferred tax assets would be realizable and determined based on its history of taxable income that the benefits would more likely than not be realized. Accordingly, no valuation allowance is required.

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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Tabular disclosure of assets and liabilities, classified as other.

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