Corporate First half & second quarter 2026 results

Record earnings 

• Record net income¹ in H1 and Q2, up +29% Q2/Q2: 

• Revenue¹ growth of +18% Q2/Q2, driven by management fees

• Costs controlled with a cost-income ratio¹ at 48.9% in Q2

Buoyant activity

• Assets under management² up +14% year-on-year and +8% in Q2 to €2,581bn at the end of June

• Net inflows² of +€24bn in Q2, +€56bn in H1. Strong contribution from Retail, Insurers and Associates

Further progress on all strategic priorities

• Retirement: continued commercial success with PER savings plans in France 
  and agreements with two distribution networks for retirement solutions in Germany

• Asia: successful IPO of our JV SBI Funds Management, India's #1 asset manager

• Active management: +€9 bn net inflows, driven by fixed income strategies

• ETFs: +€12bn net inflows, assets > €400bn, two new client wins in ETF-as-a-service

• Private markets: first earnings contribution¹ from ICG

• Responsible investment: Net Zero transformation of a €1bn OCIO mandate with an insurer

• Amundi Technology: revenues up +25% Q2/Q2 and two new clients

• €500m share buyback programme: 70% completed³

Amundi's Board of Directors met on 29 July 2026 under the chairmanship of Olivier Gavalda and approved the financial statements for the first half of 2026.

Valérie Baudson, Chief Executive Officer, said: 

“Amundi delivered a remarkable performance in Q2, with net income¹ reaching a record level, and up +29%. Growth momentum continued to accelerate, with assets under management²close to 2.6 trillion and net inflows of +€56 billion year to date.

All our strategic priorities contributed to these results. The continuous development of our offering, together with the strong performance of several flagship funds, enables us to meet the diverse needs of our growing client base.

The quarter was also marked by the successful IPO of our joint venture in India, SBI FM, which was valued at more than €10 billion at the time of listing.

We are entering the second half with strong momentum and remain fully committed to executing our strategy, with a clear priority: generate growth and create value for our clients and shareholders."

1. Adjusted data: see p. 11 

2. See definition of assets under management and net inflows p.8 ; the Employee Savings and Retirement (ESR) business line was presented with the Institutional segment until the 4th quarter 2025 results, it is now integrated into the Retail segment; the 2025 quarterly series have been restated to reflect this new allocation

3. As of 27 July, ie c.€350m