NYSE$CNS
Cohen & Steers Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Cohen & Steers reported stable earnings and increased inflows in Q4 2025.
Cohen & Steers delivered steady EPS and net income in Q4 2025, supported by $1.2B in net inflows and disciplined cost control. AUM remained resilient at $90.5B.
- Net inflows grew to $1.2B, up from $233M in Q3.
- EPS held steady at $0.81, showing consistent profitability.
- AUM slightly decreased to $90.5B from $90.9B, with higher average AUM.
- Operating margin improved to 36.4% adjusted, indicating cost discipline.
Headline financials
Revenue & EPS history
Cohen & Steers · Revenue · Quarterly
$144M
Forward guidance
Management did not issue formal forward guidance, but results reflect momentum in inflows and stable operations heading into FY2026.
Tailwinds
- Strong net inflows across all channels
- Stable adjusted EPS and net income
- Improved operating margin versus prior quarter
- Growth in average AUM
- Balanced revenue composition from diverse funds
Headwinds
- Slight decrease in ending AUM from Q3
- Flat EPS growth quarter-over-quarter
- Higher GAAP expenses driven by fund-related and launch costs
- Decline in GAAP operating margin from previous year
- Revenue growth remains modest sequentially
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
-0.2%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+3.0%
Avg return
30 days after
42%
28 / 66 earnings
Positive
+11.6%
Q4 2019
Best reaction
-11.7%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | +5.7% | +10.4% | |
| Q4 2025 | -4.2% | -7.0% | -2.4% | |
| Q3 2025 | +5.8% | +4.6% | -1.6% | |
| Q2 2025 | -2.2% | -4.3% | -6.6% | |
| Q1 2025 | +0.5% | +0.6% | +12.1% | |
| Q4 2024 | +3.0% | +4.0% | -0.4% | |
| Q3 2024 | +7.3% | +6.8% | +2.3% | |
| Q2 2024 | +1.3% | +0.4% | +4.5% | |
| Q1 2024 | -2.2% | +2.6% | +8.4% | |
| Q4 2023 | +2.3% | +4.9% | +4.5% | |
| Q3 2023 | -6.1% | -8.3% | +3.2% | |
| Q2 2023 | +0.7% | +1.9% | -2.1% | |
| Q1 2023 | -0.8% | +0.8% | -8.4% | |
| Q4 2022 | -5.5% | -2.2% | -1.7% | |
| Q3 2022 | -3.2% | -0.3% | +12.3% | |
| Q2 2022 | -0.5% | +0.0% | +9.6% | |
| Q1 2022 | -1.8% | -3.8% | -15.2% | |
| Q4 2021 | -1.1% | +0.9% | -2.4% | |
| Q3 2021 | +2.0% | +4.1% | +9.7% | |
| Q2 2021 | +1.1% | +3.5% | +9.3% | |
| Q1 2021 | -0.2% | +2.1% | +8.1% | |
| Q4 2020 | -4.7% | -5.9% | -10.8% | |
| Q3 2020 | -1.2% | -2.1% | +18.4% | |
| Q2 2020 | -6.0% | -5.2% | -9.3% | |
| Q1 2020 | +5.1% | +18.6% | +36.5% | |
| Q4 2019 | +11.6% | +11.5% | +16.9% | |
| Q3 2019 | +6.7% | +11.1% | +14.1% | |
| Q2 2019 | +0.9% | -1.4% | +0.9% | |
| Q1 2019 | +2.8% | +2.6% | +7.0% | |
| Q4 2018 | +0.2% | +3.0% | +11.0% | |
| Q3 2018 | +1.1% | +0.2% | -3.1% | |
| Q2 2018 | -2.2% | -8.4% | -3.4% | |
| Q1 2018 | -0.6% | -0.9% | +1.4% | |
| Q4 2017 | -2.0% | -5.9% | -6.2% | |
| Q3 2017 | +5.2% | +1.4% | +7.1% | |
| Q2 2017 | -0.6% | -0.8% | -6.4% | |
| Q1 2017 | +0.3% | +0.7% | -3.6% | |
| Q4 2016 | +3.4% | +5.7% | +4.9% | |
| Q3 2016 | +0.2% | -1.3% | -8.7% | |
| Q2 2016 | -1.8% | -1.1% | -1.5% | |
| Q1 2016 | -1.8% | — | — | |
| Q4 2015 | -1.4% | — | — | |
| Q3 2015 | +1.8% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | -2.6% | — | — | |
| Q3 2014 | +5.0% | — | — | |
| Q2 2014 | +1.7% | — | — | |
| Q1 2014 | -3.8% | — | — | |
| Q4 2013 | -2.6% | — | — | |
| Q3 2013 | +7.4% | — | — | |
| Q2 2013 | -3.1% | — | — | |
| Q1 2013 | -3.9% | — | — | |
| Q4 2012 | +2.7% | — | — | |
| Q3 2012 | -5.5% | — | — | |
| Q2 2012 | -11.7% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2009 | +2.9% | — | — | |
| Q4 2011 | +2.9% | — | — | |
| Q3 2010 | -3.8% | — | — | |
| Q3 2011 | -3.8% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q2 2010 | -0.1% | — | — | |
| Q1 2010 | -1.5% | — | — | |
| Q1 2011 | -1.5% | — | — | |
| Q4 2010 | -1.5% | — | — |
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