The adjusted EPS miss signals potential earnings momentum deceleration after a strong 2025. Monitor equity outflows and credit/alternatives growth in coming quarters; the lower dividend (ex-special) normalizes payout. The Grandview acquisition could provide new revenue streams but is early stage.
Price Chart
Executive Summary
Artisan Partners reported Q1 2026 adjusted EPS of $0.87, missing the $0.93 consensus by 6.5%, while revenue of $303M was in line with the $304M estimate. Revenue grew 9% YoY and adjusted EPS rose 5% YoY, but net client outflows of $3.1B persisted, driven by equity attrition partially offset by credit inflows. The closure of the Grandview Property Partners acquisition added $880M in AUM.
Key Financial Metrics
Key Facts
- Q1 2026 revenue: $303.0M (+9% YoY)
- Adjusted EPS: $0.87 (consensus $0.93, -6.5% miss)
- GAAP diluted EPS: $0.76 (vs $0.82 a year ago)
- Ending AUM: $173.0B (down from $179.9B at Dec 2025)
- Net client outflows: $3.1B (improved from $5.6B in Q4 2025)
- Grandview Property Partners acquisition closed, adding $880M AUM
- Quarterly dividend declared: $0.77 per share (vs $1.58 prior quarter which included special)
Financial Impact
Adjusted EPS miss of ~$0.06 vs consensus; revenue slightly below; net outflows continue but moderate.
Risk Factors
- Continued equity net outflows could pressure AUM and fee revenue
- Adjusted EPS miss may lead to consensus estimate revisions
- Integration and performance of Grandview acquisition uncertain
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001517302-26-000085 |
| Document: apam-20260428.htm | 0001517302-26-000085 |
| Document: artisan1q26pressrelease.htm | 0001517302-26-000085 |
| Document: 0001517302-26-000085-index-headers.html | 0001517302-26-000085 |
| Document: 0001517302-26-000085-index.html | 0001517302-26-000085 |
| Document: 0001517302-26-000085.txt | 0001517302-26-000085 |
| 8-K Data (Synthetic) | 0001517302-26-000085 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 28, 2026 9w ago | 8-K | $40.34 $43.53 | ▲ +7.91% | ▲ +2.89% | $34.88 (−13.53%) |
Jun 5, 2026 17w ago | 8-K | $34.79 $36.18 | ▼ −4.00% | ▼ −2.36% | $34.88 (−0.26%) |
Apr 28, 2026 22w ago | 8-K | $36.63 $37.99 | ▲ +3.71% | ▼ −1.75% | $34.88 (−4.78%) |
Apr 17, 2026 24w ago | DEFA14A | $37.61 $36.68 | ▼ −2.47% | ▼ −6.67% | $34.88 (−7.26%) |
Apr 10, 2026 25w ago | 8-K | $36.91 $37.61 | ▲ +1.90% | ▼ −5.83% | $34.88 (−5.50%) |
US Market Status
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