Reported results
- GAAP Earnings per share (diluted) was $6.64 for the third quarter of 2026, compared to $6.87 for the third quarter of 2025.
- GAAP Net income (controlling interest) was $173.3 million for the third quarter of 2026, compared to $212.4 million for the third quarter of 2025.
- Non-GAAP Economic net income (controlling interest) was $247.9 million for the third quarter of 2026, compared to $179.7 million for the third quarter of 2025.
- Non-GAAP Economic earnings per share was $9.50 for the third quarter of 2026, compared to $6.10 for the third quarter of 2025.
- Non-GAAP Adjusted EBITDA (controlling interest) was $353.7 million for the third quarter of 2026, compared to $250.9 million for the third quarter of 2025.
- Assets under management (AUM) at period end reached $973.9 billion as of September 30, 2026.
Notes
The Company’s obligations under junior convertible securities were fully settled in cash in January 2026.
Price and volatility reaction
The stock moved +5.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -5.7 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 362.96 | 2026-11-06 |
| Close after release | 383.15 | 2026-11-09 |
| Realised move | +5.6% | close to close |
| 30d ATM IV change | -5.7 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-09 (8-K, Item 2.02). Read the original filing on sec.gov.
