Q2 26 EPS
$0.85
BEAT +0.00%
Est. $0.85
Q2 26 Revenue
$152.7M
BEAT +2.41%
Est. $149.1M
vs S&P Since Q2 26
+2.5%
BEATING MARKET
CNS +6.3% vs S&P +3.8%
Market Reaction
Did CNS Beat Earnings? Q2 2026 Results
Cohen & Steers delivered a solid second quarter for fiscal 2026, matching Wall Street's adjusted EPS estimate of $0.85 while nudging ahead on the top line, with revenue of $152.73 million beating consensus by 2.41% and climbing 7.8% from a year ago. … Read more Cohen & Steers delivered a solid second quarter for fiscal 2026, matching Wall Street's adjusted EPS estimate of $0.85 while nudging ahead on the top line, with revenue of $152.73 million beating consensus by 2.41% and climbing 7.8% from a year ago. The headline story was assets under management crossing $100.10 billion, propelled by $1.30 billion in net inflows, the firm's fourth consecutive quarter of positive flows and its strongest organic growth pace since late 2021, with broad-based contributions from U.S. Mutual funds, SICAVs, and a rapidly scaling active ETF platform that topped $1.00 billion in AUM during June. The adjusted operating margin widened to 36.3% from 35.1% in the prior quarter, reflecting the operating leverage that analysts had anticipated heading into the print. Looking ahead, management pointed to improving market conditions for real asset strategies as a tailwind, and a seventh active ETF is expected to launch in Q3 2026, adding further distribution breadth as the firm deepens its international footprint, most recently in South Africa.
Key Takeaways
- • Fourth consecutive quarter of positive net inflows totaling $1.3 billion, strongest since Q4 2021
- • AUM reached $100.1 billion, up 7.5% from $93.1 billion at end of Q1 2026
- • Market appreciation of $6.4 billion during the quarter
- • Higher average AUM driving approximately 12% year-over-year revenue growth
- • Active ETF platform surpassed $1 billion in AUM
CNS Forward Guidance & Outlook
Management expressed optimism about improving market conditions for real asset strategies and the secular case for real assets, noting these trends favor the firm's asset classes. The firm expects to launch a seventh active ETF (Cohen & Steers Real Assets Active ETF) in Q3 2026, further broadening investor access. The successful RQI rights offering raising approximately $220 million and continued CNSREIT acquisitions position the firm for additional AUM growth. The European platform's expansion into South Africa deepens the international distribution footprint.
CNS YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
CNS Revenue by Segment
With YoY comparisons, source: SEC Filings
“With $1.3 billion in net flows, we delivered our fourth consecutive quarter of organic growth, which is our longest streak of consecutive quarters of organic growth since 2022. We are beginning to see the benefits of improving market conditions for our investment strategies and the investments we've made in the business to expand our capabilities.”
— Joseph M. Harvey, Q2 2026 Earnings Press Release
CNS Earnings Trends
CNS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CNS EPS Trend
Earnings per share: estimate vs actual
CNS Revenue Trend
Quarterly revenue: estimate vs actual
CNS Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.85 | $0.85 | +0.00% | $152.7M | +2.41% |
| Q1 26 MISS | $0.82 | $0.79 | -3.66% | $145.6M | +1.71% |
| Q4 25 BEAT FY | $0.81 | $0.81 | +0.00% | $143.8M | +0.44% |
| FY Full Year | — | $3.09 | — | $556.1M | — |
| Q3 25 BEAT | $0.78 | $0.81 | +3.85% | $141.7M | +2.08% |
| Q2 25 MISS | $0.76 | $0.73 | -3.31% | $136.1M | +0.47% |
| Q1 25 BEAT | $0.72 | $0.75 | +4.17% | $134.5M | -5.26% |
| Q4 24 BEAT FY | $0.74 | $0.78 | +4.99% | $139.8M | +1.13% |
| FY Full Year | — | $2.93 | — | $517.4M | — |