Corporate First Half & Second Quarter 2024 results

Strong Net income[1] growth of +9.4%[2] and high net inflows of +€15bn in Q2

Robust growth for net income and revenues

Q2 2024: Adjusted net income[1],[3] of €350m, demonstrating strong growth: +9.4% Q2/Q2

  • Thanks to revenue growth (+7.7%) and a positive jaws effect
     
  • Cost-income ratio improved vs. Q2 2023 and Q1 2024, at 51.9%[3]
     

H1 2024: adjusted net income[1],[3] of €668m, up +7.7% H1/H1

Dynamic and diversified net inflows

Q2 2024: net inflows of +€15.5bn, including +€15.1bn in MLT assets[4],[5]

  • Positive momentum in both active[5] (+€8.0bn) and passive management[5] (+€6.0bn)
     
  • Further development on Third-Party distributors: +€5.4bn
     
  • Strong business momentum in Employee savings schemes in France: +€3.8bn
     
  • Seasonal outflows in Treasury[5] (-€11.2bn)
     

Assets under management up +10% year-on-year, reaching an all-time high of €2,156bn as of 30 June 2024

Progress in our strategic priorities

Strong growth in Asia: €451bn in assets under management, +€15.4bn net inflows in Q2, with contributions from all countries

  • Strong net inflows in India (+€9.4bn), positive flows in the 2 Chinese JVs
     

2 external operations signed since the start of the year: Alpha Associates and partnership with Victory Capital

Amundi's Board of Directors, chaired by Philippe Brassac, met on 25 July 2024 and approved the financial statements for the first half and the second quarter of 2024.

Valérie Baudson

Member of Executive Committee of Crédit Agricole S.A., Chief Executive Officer of Amundi
Amundi achieved very good performance in the second quarter of 2024, both in terms of activity, with net inflows of over +€15bn, and financial results, with a net income up +9%1 compared to the same period in 2023.

Since the beginning of the year, the momentum of inflows has been particularly significant with our Third-Party distributor clients as well as in Asia. The breadth of our offering has been a major asset to meet the different needs of our clients, whether through our active management solutions, in particular fixed income, our structured products, or our passive management funds.

Our assets under management reached a new all-time high, at €2,156bn at end-June 2024.

Contact

Corentin Henry

Head of Press Relations and Social Media

[1] Net income, Group share

[2] Growth of adjusted net income, Group share in Q2 2024 vs. Q2 2023

[3] Adjusted data: excluding amortisation of intangible assets related to distribution agreements and client contracts, and other non-cash charges relating to the acquisition of Alpha Associates, recorded under net financial income (see note p. 11)

[4] Medium/Long-Term Assets

[5] Excluding JVs

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    07.26.2024 - PR - 2024 Amundi's Q2 results

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About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players1, offers over 200 million investors a complete range of savings and investment solutions in active and passive management, in listed and private assets. Developed for a range of distributors (banks, wealth managers, financial advisors…) as well as for institutional investors and corporates, this offering is enhanced by services and technology tools covering the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages close to €2.6 trillion of assets2.

Its six international investment hubs3, its financial and extra-financial research capabilities and its long-standing commitment to responsible investment make Amundi a leading player in the international asset management landscape.

Thanks to its strong local presence, particularly in Europe and Asia, Amundi offers its clients the expertise and advice of 5,400 professionals across 34 countries.

Amundi, a trusted partner, working every day in the interest of its clients and society

www.amundi.com

Footnotes

  1. Source: IPE “Top 500 Asset Managers” published in June 2026, based on assets under management as at 31/12/2025
  2. Amundi data as at 30/06/2026
  3. Paris, London, Dublin, Milan, Tokyo and San Antonio (via our strategic partnership with Victory Capital)

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