Affiliated Managers 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF1934 For the quarterly period ended June 30, 2026 OR TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF1934For the transition period fromtoCommission File Number001-13459 AFFILIATED MANAGERS GROUP,INC. (Exact name of registrant as specified in its charter) (IRSEmployer Identification Number) (State or other jurisdictionof incorporation or organization) 1001 U.S. Highway One North, Jupiter, Florida 33477 (Address of principal executive offices) (800)345-1100 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Table of Contents Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required tofile such reports), and (2)has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Acceleratedfiler☐Non-acceleratedfiler☐Smallerreportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ There were 25,859,933 shares of the registrant’s common stock outstanding on August 5, 2026. Table of Contents FORM 10-QTABLE OF CONTENTS Item 1.Financial Statements (unaudited)2Consolidated Statements of Income2Consolidated Statements of Comprehensive Income3Consolidated Balance Sheets4Consolidated Statements of Changes in Equity5Consolidated Statements of Cash Flows7Notes to Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations28Item 3.Quantitative and Qualitative Disclosures About Market Risk43 PART IFINANCIAL INFORMATIONItem 4.Controls and Procedures PART IIOTHER INFORMATION44Item 2.Unregistered Sales of Equity Securities and Use of Proceeds44Item 6.Exhibits44SIGNATURES46 PART I—FINANCIAL INFORMATION AFFILIATED MANAGERS GROUP,INC. CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share data) (unaudited) Consolidated revenue Consolidated expenses:Compensation and related expensesSelling, general and administrativeIntangible amortization and impairmentsInterest expenseDepreciation and other amortizationOther expenses (net)Total consolidated expenses Equity method income (net)Affiliate transaction gains (Note 8)Investment and other incomeIncome before income taxes AFFILIATED MANAGERS GROUP,INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) (unaudited) AFFILIATED MANAGERS GROUP,INC. CONSOLIDATED BALANCE SHEETS (in millions) (unaudited) AFFILIATED MANAGERS GROUP,INC. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (in millions, except dividends per share) (unaudited) CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(in millions, except dividends per share) (unaudited) AFFILIATED MANAGERS GROUP,INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) (unaudited) Cash flow from (used in) operating activities:Net incomeAdjustments to reconcile Net income to cash flow from (used in) operating activities:Intangible amortization and impairmentsDepreciation and other amortizationDeferred income tax expense (benefit)Equity method income (net)Distributions received from equity method investmentsAffiliate transaction gainsShare-based compensation and Affiliate equity expense For the Six MonthsEnded June 30,(20.5)(14.0)(3.9)9.2 Table of Contents AFFILIATED MANAGERS GROUP,INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited) 1.Basis of Presentation and Use of Estimates The Consolidated Financial Statements of Affiliated Managers Group,Inc. (“AMG” or the “Company”) have beenprepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial informationand with the instructions to Form10-Q and Rule10-01