Q2 FY2026 EarningsQ2 FY26 performance was a mixed beat: Revenue of $201.4M exceeded the $185.0M consensus (+8.8%), yet operating income (EBIT) of $27.3M fell significantly short of the $52.9M expectation (-48.4%) due to M&A-related costs. Adjusted EPS of $6.68 outperformed the $6.09 consensus by 9.7%, driven by strong investment gains of $18.2M. Assets Under Management (AUM) reached $152.2B, aided by the $2.3B Keystone acquisition, which offset $5.6B in net outflows during the quarter.