Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call summary indicates positive financial performance with revenue, operating income, and net income all showing year-over-year growth. AUM also increased, reflecting positive market performance. Despite the lack of detailed strategic insights or operational updates, the financial results themselves are strong. Given the market cap of $3.86 billion, the positive financial performance is likely to result in a moderate positive stock price movement in the range of 2% to 8% over the next two weeks.
Revenue Revenue for Q1 2026 was $1.2 billion, representing a 5% increase year-over-year. This growth was driven by higher management fees and increased client activity.
Operating Income Operating income for the quarter was $300 million, up 10% compared to the same period last year. The increase was attributed to improved operational efficiencies and cost management.
Net Income Net income stood at $200 million, reflecting a 7% rise year-over-year. This was due to a combination of higher revenues and controlled expenses.
Assets Under Management (AUM) AUM reached $700 billion, a 3% increase from the previous year. The growth was supported by positive market performance and net inflows.
Earnings Per Unit (EPU) Earnings per unit were $0.50, up 4% year-over-year, driven by the overall improvement in profitability.
The selected topic was not discussed during the call.
The selected topic was not discussed during the call.
Distribution to Unitholders: We base our distribution to unitholders on our adjusted results.
Distribution to Unitholders: We base our distribution to unitholders on our adjusted results.
The earnings call summary indicates positive financial performance with revenue, operating income, and net income all showing year-over-year growth. AUM also increased, reflecting positive market performance. Despite the lack of detailed strategic insights or operational updates, the financial results themselves are strong. Given the market cap of $3.86 billion, the positive financial performance is likely to result in a moderate positive stock price movement in the range of 2% to 8% over the next two weeks.
The earnings call presented mixed results: strong growth in private markets and tax-exempt inflows contrasted with negative net flows and declining performance fees. While adjusted operating margins improved, net revenues were flat, and earnings per unit decreased in Q4. The Q&A revealed positive sentiment towards private markets and fixed income, but management's vague responses on growth strategies raised concerns. Considering the market cap, the stock is likely to experience a neutral reaction, with no significant catalysts for a strong price movement.
The earnings call summary and Q&A indicate strong financial performance, successful partnerships, and optimistic guidance. Management expressed excitement about new ventures, particularly in Asia and private credit, and highlighted margin expansion and cost savings. Despite some unclear responses, the overall sentiment is positive, with strategic plans and partnerships likely to boost stock price by 2% to 8%.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.