- Adjusted EBITDA for the quarter was $220 million, a 1% increase year-over-year, including $5 million in net performance fee earnings.
- Alternative assets under management increased by 20% in the first half of 2025, with $55 billion added, reaching $331 billion in total alternative AUM.
- Fee-related earnings grew 4% year-over-year, driven by higher average AUM and organic growth in alternative strategies, partially offset by outflows in fundamental equity strategies.
- In Q2 2025, AMG reported a 15% year-over-year growth in economic earnings per share, reaching $5.39.
- Net client cash flows exceeded $8 billion in Q2, with record inflows into alternative strategies.
- Share repurchases totaled approximately $100 million in Q2 and $273 million year-to-date, contributing to earnings per share growth.
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- 95% of transactions in the quarter came from repeat borrowers, indicating strong customer retention.
- Affirm set new records in most key metrics during fiscal Q4 2025, an unusual achievement for a non-peak quarter.
- Funding capacity increased roughly 55% year-over-year with utilization significantly down, reflecting a favorable capital market environment.
- Growth is accelerating with strong momentum in U.S. and Canadian consumer originations and repayments.
- Monthly 0% APR loans grew north of 90% year-over-year, showing strong adoption of promotional financing.
- Revenue less transaction cost (RLTC) take rate is expected to remain stable in the 3% to 4% range, with guidance at the high end.
- The Affirm Card volume reached $1.2 billion with a 10% attach rate and a tripling of 0% volume on the card.
- Adjusted operating margin was 36.3% for the full year and 33.8% for Q4, with adjusted EPS growing to $16.98 for FY '25 and $4.05 for Q4.
- Client count grew nearly 10% year-over-year to 9,000, with over 237,000 users, driven by wealth and corporate client additions.
- Dividend increased by 6% in Q3, marking 26 consecutive years of dividend increases, with total shareholder returns exceeding $460 million in FY '25.
- Fiscal 2025 annual revenue increased to $2.3 billion with 5.4% overall growth and 4.4% organic growth, marking over 45 consecutive years of top-line growth.
- Gross debt leverage ratio improved to 1.5x, providing strong financial flexibility.
- Operating expenses grew 9.5% year-over-year in Q4, driven by people-related expenses (+13%) and technology expenses (+13%) due to acquisitions and AI investments.
- Q4 organic ASV reached $81.8 million, the largest quarter in company history, with a sequential growth acceleration to 5.7%.
- Share repurchases totaled $107 million in Q4, concluding a $300 million program, with a new $400 million authorization started in September.
Dafinchi