Question 1

What is Artisan Partners Asset Management Inc.'s total operating expenses?

Accepted Answer

Artisan Partners Asset Management Inc. (APAM) reported total operating expenses of $208.81M in Q1 2026.

Question 2

How has Artisan Partners Asset Management Inc.'s total operating expenses changed year-over-year?

Accepted Answer

Artisan Partners Asset Management Inc.'s total operating expenses increased by 9.5% year-over-year, from $190.61M to $208.81M.

Question 3

What is the long-term trend for Artisan Partners Asset Management Inc.'s total operating expenses?

Accepted Answer

Over 4 years (2021 to 2025), Artisan Partners Asset Management Inc.'s total operating expenses has grown at a 3.8% compound annual growth rate (CAGR), from $686.75M to $797.06M.

Question 4

What does total operating expenses mean?

Accepted Answer

The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

Line item	For the Three Months Ended March 31, 2026	For the Three Months Ended March 31, 2025
Communication and technology	13,820	12,883
General and administrative	11,416	8,758
Amortization of intangible assets	240	—
Total operating expenses	208,805	190,612
Total operating income	94,207	86,535
Non-operating income (expense)
Interest expense	(2,097)	(2,054)
Interest income on cash and cash equivalents and other	1,920	1,943

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Artisan Partners Asset Management Inc. APAM Total Operating Expenses