Affiliated Managers Group, Inc. · AMG · Next earnings

Affiliated Managers Group, Inc. reports Thursday, Feb 11, 2027

AMG reports before market open with consensus EPS at $11.47 and revenue at $658.1M. Last quarter: AMG posts record Q3, with alternatives driving inflows and earnings

Reports Before market open92 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $11.47 Calendar consensus
Consensus revenue $658.1M Calendar consensus
Report date Feb 11, 2027 Thursday, date estimated
Session Before market open 92 days away

Where AMG left off: FY2026 Q3

Full report

AMG posts record Q3, with alternatives driving inflows and earnings

EPS surprise +8.1% Reported $9.50 vs $8.79
Revenue surprise -9.1% Reported $595.2M vs $655.1M
Stock move +5.6% Event window
Subsequent drift +4.7% Up to 20 sessions
Check the math in the surprise calculator >

Management’s Q4 outlook is adjusted EBITDA of $405 million–$475 million and economic EPS of $11.37–$13.43. The analysis also reports full-year share repurchase expectations above $900 million. No additional change to guidance is stated in the supplied materials.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Greater earnings reliance on alternatives could magnify a slowdown in those strategies.
  • Changes in IRS or Treasury treatment could weigh on tax-aware products.
  • Outflows from differentiated long-only equities may offset some alternative inflows; political or market shifts could also affect demand and capital returns.

Questions analysts left open

  • How sustainable is base-fee growth relative to AUM growth if tax-aware inflows slow?
  • Could regulatory or political developments reduce demand for tax-aware and infrastructure strategies?
  • How much room remains for share repurchases given the company’s float size?
  • How durable are the alternative-strategy inflows amid market volatility?

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Recent AMG quarters

All AMG earnings
+5.6%FY2026 Q3+1.5%FY2026 Q2-1.2%FY2026 Q1+3.4%FY2025 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.