Affiliated Managers Group, Inc.

AMG

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

2,041

Cost of Revenue

915

Gross Profit

1,126

Gross Margin

55.2%

Operating Income

707

Operating Margin

34.6%

Net Income

512

Net Margin

25.1%

EPS (Basic)

$16.45

EPS (Diluted)

$15.13

EBITDA

1,099

EBITDA Margin

53.8%

2023

12/31/2023

Revenue

2,058

Cost of Revenue

908

Gross Profit

1,150

Gross Margin

55.9%

Operating Income

731

Operating Margin

35.5%

Net Income

673

Net Margin

32.7%

EPS (Basic)

$19.18

EPS (Diluted)

$17.42

EBITDA

1,277

EBITDA Margin

62.0%

2022

12/31/2022

Revenue

2,330

Cost of Revenue

1,072

Gross Profit

1,258

Gross Margin

54.0%

Operating Income

805

Operating Margin

34.6%

Net Income

1,146

Net Margin

49.2%

EPS (Basic)

$29.77

EPS (Diluted)

$25.35

EBITDA

1,928

EBITDA Margin

82.8%

2021

12/31/2021

Revenue

2,412

Cost of Revenue

1,047

Gross Profit

1,365

Gross Margin

56.6%

Operating Income

966

Operating Margin

40.0%

Net Income

566

Net Margin

23.4%

EPS (Basic)

$13.65

EPS (Diluted)

$13.05

EBITDA

1,305

EBITDA Margin

54.1%

2020

12/31/2020

Revenue

2,028

Cost of Revenue

884

Gross Profit

1,144

Gross Margin

56.4%

Operating Income

663

Operating Margin

32.7%

Net Income

202

Net Margin

10.0%

EPS (Basic)

$4.34

EPS (Diluted)

$4.33

EBITDA

760

EBITDA Margin

37.5%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	2,041	2,058	2,330	2,412	2,028
Cost of Revenue	915	908	1,072	1,047	884
Gross Profit	1,126	1,150	1,258	1,365	1,144
Gross Margin	55.2%	55.9%	54.0%	56.6%	56.4%
Operating Income	707	731	805	966	663
Operating Margin	34.6%	35.5%	34.6%	40.0%	32.7%
Net Income	512	673	1,146	566	202
Net Margin	25.1%	32.7%	49.2%	23.4%	10.0%
EPS (Basic)	$16.45	$19.18	$29.77	$13.65	$4.34
EPS (Diluted)	$15.13	$17.42	$25.35	$13.05	$4.33
EBITDA	1,099	1,277	1,928	1,305	760
EBITDA Margin	53.8%	62.0%	82.8%	54.1%	37.5%