First half and second quarter 2026 results show net income¹ up +29% Q2/Q2 and assets under management² close to €2.6tn, driven by buoyant activity, further progress on all strategic priorities and rising markets.

 

Record earnings

Net income¹ reached a record level in H1 and Q2, up +29% Q2/Q2. Revenue¹ grew by +18% Q2/Q2, driven in particular by management fees. Costs remained controlled, with a cost-income ratio¹ at 48.9% in Q2.

 

Buoyant activity

Assets under management² were up +14% year-on-year and +8% in Q2, reaching €2,581bn at the end of June. Net inflows² amounted to +€24bn in Q2 and +€56bn in H1. This buoyant activity was supported by a strong contribution from Retail, Insurers and Associates.

 

Further progress on all strategic priorities

Further progress was recorded on all strategic priorities. 

In Retirement, the Group posted continued commercial success with PER savings plans in France and agreements with two distribution networks for retirement solutions in Germany. 

In Asia, the IPO of our JV SBI Funds Management, India’s #1 asset manager, was successful. 

In Active management, net inflows reached +€9bn, driven by fixed income strategies. 

ETFs recorded +€12bn net inflows, with assets exceeding €400bn and two new client wins in ETF-as-a-service. 

In Private markets, ICG delivered a first earnings contribution1.

In Responsible investment, a €1bn OCIO mandate with an insurer was transformed to Net Zero. 

Amundi Technology reported revenues up +25% Q2/Q2 and two new clients. 

The €500m share buyback programme was 70% completed³.

 


  1. Adjusted data: see Methodological appendix for APM on page 11  of the Press Release.
  2. Assets under management and net inflows including advised and marketed assets and funds of funds, including 100% of assets under management and net inflows from Asian JVs; for Wafa Gestion in Morocco, the distribution to US clients of Victory Capital as well as ICG, the assets under management and net inflows are included in Amundi's share in the capital of the entities.
  3. As of 27 July, ie c.€350m.