Arcadian Asset

Q2 FY2026 EarningsAAMI.US Q2 FY26 exceeded consensus across all key financial metrics, with revenue of $185.1M vs. $172.9M expected and normalized EPS of $1.33 vs. $1.03 expected. Growth was driven by a 66% YoY surge in average AUM to $219.6B, benefiting from strong net inflows and positive equity market performance. While the effective tax rate was slightly higher than consensus at 30.2% vs. 28.8%, substantial operating leverage and higher-than-expected performance fees led to a significant beat on normalized net income ($47.5M vs. $36.2M expected).