The strong net inflows and expanding adjusted operating margin signal accelerating organic growth and operating leverage. Watch the Q4 2026 earnings for continued inflow momentum and any update on the pipeline of new business, particularly in the wealth channel and international SICAVs.
Price Chart
Executive Summary
Cohen & Steers reported Q3 2026 adjusted diluted EPS of $0.89, beating consensus of $0.81 by 9.9%, on adjusted revenue of $156.4M vs consensus of $154.8M. The quarter featured the strongest net inflows ($1.6B) since Q4 2021, marking the fifth consecutive quarter of organic growth, though AUM declined 4.2% sequentially due to market depreciation.
Key Financial Metrics
Key Facts
- Adjusted diluted EPS of $0.89 vs consensus $0.81 (9.9% beat)
- Adjusted revenue of $156.4M vs consensus $154.8M (1.0% beat)
- Net inflows of $1.6B, strongest quarter since Q4 2021
- Fifth consecutive quarter of organic growth
- AUM of $95.9B at quarter end, down 4.2% from $100.1B due to market depreciation of $5.1B
- Adjusted operating margin expanded to 37.2% from 36.3% in Q2 2026
- Launched Cohen & Steers Real Assets Active ETF (CSRA) in August
- Cash, equivalents, U.S. Treasuries and liquid seed investments of $387.8M
Financial Impact
EPS beat of $0.08 (9.9%) on consensus $0.81; revenue beat of $1.6M (1.0%) on consensus $154.8M
Risk Factors
- Market depreciation of $5.1B in Q3 could pressure future fee revenue if markets remain volatile
- GAAP operating margin declined to 32.4% from 34.6% due to RQI rights offering costs
- AUM remains sensitive to equity market movements in real estate and infrastructure sectors
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001284812-26-000195 |
| Document: cns-20261015.htm | 0001284812-26-000195 |
| Document: cns-earningsannouncement93.htm | 0001284812-26-000195 |
| Document: 0001284812-26-000195-index-headers.html | 0001284812-26-000195 |
| Document: 0001284812-26-000195-index.html | 0001284812-26-000195 |
| Document: 0001284812-26-000195.txt | 0001284812-26-000195 |
| 8-K Data (Synthetic) | 0001284812-26-000195 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $69.63 $71.00 | ▲ +1.97% | ▲ +2.40% | $71.14 (+2.17%) |
Oct 15, 2026 11d ago | Press Release | $69.63 $71.00 | ▲ +1.97% | ▲ +2.40% | $71.14 (+2.17%) |
Aug 17, 2026 10w ago | Press Release | $83.34 $83.16 | ▼ −0.22% | ▲ +0.97% | $71.14 (−14.64%) |
Jul 16, 2026 14w ago | Press Release | $84.65 $79.98 | ▼ −5.52% | ▼ −4.83% | $71.14 (−15.96%) |
Jul 8, 2026 15w ago | Press Release | $76.90 $81.07 | ▲ +5.42% | ▲ +5.55% | $71.14 (−7.49%) |
Jun 11, 2026 19w ago | Institutional Cluster | $76.02 $74.35 | ▼ −2.20% | ▼ −2.63% | $71.14 (−6.42%) |
May 21, 2026 22w ago | 8-K | $71.84 $70.54 | ▼ −1.81% | ▼ −3.47% | $71.14 (−0.97%) |
Apr 20, 2026 27w ago | DEFA14A | $67.62 $68.15 | ▲ +0.78% | ▼ −0.13% | $71.14 (+5.20%) |
Apr 16, 2026 27w ago | 8-K | $66.06 $67.71 | ▲ +2.50% | ▲ +1.95% | $71.14 (+7.70%) |
US Market Status
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