AFFILIATED MANAGERS GROUP, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $185.9M | $110.4M | $347.5M | $212.4M | $84.3M | $72.4M | $162.2M | $123.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | $56.3M | $68.6M | $23.7M | $23.0M | $22.3M |
| Net Cash from Operating Activities | $239.0M | $299.3M | $256.4M | $277.1M | $230.8M | $208.9M | $212.5M | $265.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | $3.8M | $1.9M | $1.2M | $1.4M | $1.6M | $1.1M | $700.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $9.7M | $-229.0M | $52.5M | $270.7M | $-493.7M | $-35.6M | $8.5M | $55.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | $200.0K | $300.0K | $200.0K | $300.0K | $400.0K | $300.0K |
| Stock Repurchases | $179.7M | $185.1M | $353.1M | $75.7M | $101.3M | $176.2M | $120.3M | $104.9M |
| Net Cash from Financing Activities | $-211.7M | $-277.3M | $-200.1M | $-430.2M | $-201.5M | $-316.9M | $-271.8M | $-188.0M |
| Net Change in Cash | $37.1M | $-209.9M | $109.9M | $115.1M | $-455.5M | $-139.5M | $-60.7M | $140.2M |
| Free Cash Flow | $239.0M | $295.5M | $254.5M | $275.9M | $229.4M | $207.3M | $211.4M | $264.5M |