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Artisan Partners Asset Management Inc. APAM Expense Reimbursement — Revenue

Other product segments

Management Fees Before Reimbursement Revenue
$177.42M+9.9%

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Other financials

Income statement

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Revenue$303.0M+9.3%
Operating income$94.2M+8.9%
Net income$58.0M-5.1%
EPS (diluted)$0.76-7.3%

Balance sheet

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Cash & equivalents$300.4M+16.0%
Total debt$309.4M+3.5%
Total equity$389.0M+9.1%
Total assets$1.4B+5.2%

Cash flow

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Operating cash flow$181.8M+15.1%
CapEx$518.0K+151%
Free cash flow$181.2M+14.9%

Valuation

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Market cap$2.52B-6.2%
Enterprise value$2.52B-7.3%
P/E8.8×-1.5×
P/S2.1×-0.3×

Profitability

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Operating margin33.3%-0.1pp
Net margin23.5%+0.2pp
FCF margin24.7%-6.8pp

Returns & leverage

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Return on equity77%-0.2pp
Debt / equity0.8×0.0×

Where this comes from

Reported directly by Artisan Partners Asset Management Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Artisan Partners Asset Management Inc.’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Artisan Partners Asset Management Inc.'s expense reimbursement — revenue?
Artisan Partners Asset Management Inc. (APAM) reported expense reimbursement — revenue of $117K in Q1 2026.
How has Artisan Partners Asset Management Inc.'s expense reimbursement — revenue changed year-over-year?
Artisan Partners Asset Management Inc.'s expense reimbursement — revenue decreased by 19.9% year-over-year, from $146K to $117K.
What is the long-term trend for Artisan Partners Asset Management Inc.'s expense reimbursement — revenue?
Over 3 years (2021 to 2025), Artisan Partners Asset Management Inc.'s expense reimbursement — revenue has grown at a 38.5% compound annual growth rate (CAGR), from $635K to $1.69M.
What does expense reimbursement — revenue mean?
This metric captures the revenue recognized from contracts with customers specifically associated with the expense reimbursement segment. It represents the inflow of economic benefits derived from providing investment management services where the firm is entitled to reimbursement for specific operational costs. This figure serves as a key indicator of the firm's ability to recover costs directly linked to the administration and management of client portfolios.