Companies /Financial Services
Cohen & Steers Inc
NYSE: CNS Asset Management
$70.50
▼ $2.06 (−2.84%) today
Markets closed · 9:26pm ET

Cohen & Steers (CNS) Q1 2026 Earnings

Reported Apr 16, 2026, 4:25pm ET · SEC source
$0.79
Miss −3.66%
EPS · est. $0.82
$145.6M
Beat +1.71%
Revenue · est. $143.2M
+4.2%
Beating market
CNS vs S&P since report
1 quarter
Consecutive EPS beats

How Did CNS Stock React to Q1 2026 Earnings?

% change · around the report
−3%0+3%Apr 16Apr 17report 4:25pm ETearnings+1.3%+4.0%
−3%0+3%Apr 16Apr 17earnings+1.3%+4.0%
CNS +4.0%S&P 500 +1.3%
−3%0+3%Apr 16Apr 17report 4:25pm ETearnings+1.5%+4.0%
−3%0+3%Apr 16Apr 17earnings+1.5%+4.0%
CNS +4.0%NASDAQ +1.5%
−4%0+4%+8%Apr 15Apr 24report 4:25pm ETearnings+1.8%+5.6%
−4%0+4%+8%Apr 15Apr 24earnings+1.8%+5.6%
CNS +5.6%S&P 500 +1.8%
−4%0+4%+8%Apr 15Apr 24report 4:25pm ETearnings+3.8%+5.6%
−4%0+4%+8%Apr 15Apr 24earnings+3.8%+5.6%
CNS +5.6%NASDAQ +3.8%
+3.14%
Day of report
+2.37%
Next session
+1.56%
One week
+7.56%
30 days

S&P 500 over the same 30 days: +3.32%.

Did CNS Beat Earnings? Q1 2026 Results

No. Cohen & Steers reported Q1 2026 earnings of $0.79 a share on Apr 16, 2026, missing the $0.82 consensus estimate by 3.7%. Revenue was $145.6M against a $143.2M estimate.

Cohen & Steers delivered a mixed first quarter for 2026, posting revenue that nudged past expectations while adjusted earnings fell short of the Street's target. Revenue rose 4.2% year-over-year to $145.64 million, edging above the $143.19 million consensus, but adjusted diluted EPS of $0.79 came in below the $0.82 estimate, a shortfall of 3.66%. The clearest explanation for the earnings gap was a higher effective tax rate of 27.4%, up from 24.9% in the prior quarter, driven by nondeductible executive compensation and excess tax deficiencies tied to restricted stock unit vesting. Underneath that headwind, the operating picture was broadly constructive; total expenses fell 7.7% sequentially as Q4 2025 had been inflated by costs linked to the UTF rights offering, lifting GAAP operating income and pushing the operating margin to 34.4%. Assets under management grew to $93.13 billion, supported by $2.71 billion in market appreciation and $497 million in net inflows, while global listed infrastructure emerged as the standout strategy, with AUM climbing 9.9% sequentially to $12.59 billion.

Key Takeaways
  • Higher average assets under management driving increased advisory and administration fees
  • Market appreciation of $2.7 billion supporting AUM growth
  • Net inflows of $497 million across all vehicle types
  • Global listed infrastructure AUM grew 29.6% year-over-year
  • Reduced expenses from absence of Q4 2025 UTF rights offering costs ($9.9 million)
  • Distribution and service fees increased 7.8% sequentially on higher open-end fund AUM

CNS YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$50.0M$100.0M$150.0M$139.8M$145.6MRevenue$45.2M$50.1MOperating Income$39.8M$42.4MNet Income
$0$50.0M$100.0M$150.0MRevenueOperating IncomeNet Income
CNS income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $145.6M $139.8M +4.2%
Operating Income $50.1M $45.2M +10.9%
Net Income $42.4M $39.8M +6.5%

CNS Revenue by Segment

Open-end Funds$75.1M+0.9%
Institutional Accounts$34.5M+0.2%
Closed-end Funds$27.2M+0.8%

Figures from SEC filings and company reports. Not investment advice.