Newsroom
Third quarter and Nine-month 2025 results : pre-tax income up +4% Q3/Q3, driven by management fees and technology
Paris, France, October 28, 2025
Sustained inflows | Assets under management[1] at a new record high of €2,317bn Net inflows +€67bn over nine months, of which +€15bn in Q3
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Growth in | Third quarter: adjusted pre-tax income1 €445m, growth of +4% Q3/Q3[3]
Adjusted net income1 €340m | |
Confirmed successes on the strategic pillars | Strong contribution from strategic priorities[5]
Employee Savings and Retirement: record inflows of +€4bn over nine months, undisputed #1 position New strategic plan presented on 18 November |
Amundi's Board of Directors met on 27 October 2025 under the chairmanship of Olivier Gavalda, and reviewed the financial statements for the third quarter and the first nine months of 2025.
Valérie Baudson, Chief Executive Officer, said: "In the third quarter, Amundi was able to extend the positive momentum of early 2025. We recorded inflows of +€15bn, an increase in our revenues of +5%1,4 and an increase in our pre-tax income of +4%1,4.
The main growth drivers of our Ambitions 2025 plan – Asia, third-party distribution and ETFs – each generated between +€20bn and +€30bn in inflows in the first nine months.
We continue to serve an ever-growing number of institutional and retail clients, such as our new cooperation with Satrix, the leading South African index solution provider and digital platform. In addition, we are strengthening our existing collaborations, such as the one with Crelan in Belgium.
On 18 November, we will present our new strategic medium-term plan, which will detail the different areas in which we will continue to seize opportunities and to invest for the future. »
Footnotes
- [1] See definition of assets under management p. 12 ↑
- [2] Excluding JV and the US distribution of Victory Capital ↑
- [3] For explanations of pro forma variations, see p. 10 and 11 ↑
- [4] Adjusted operating expenses up +4.0% pro forma once restated for the cost of the capital increase reserved for employees, which took place in Q3 in 2025 instead of Q4 in 2024 ↑
- [5] The inflows presented in this section are over nine months and are not cumulative, as they may overlap in part, for example an ETF sold to a third-party distributor in Asia. ↑
- [6] Including Amundi BOC WM ↑
Expert
Valérie Baudson
Member of Executive Committee of Crédit Agricole S.A., Chief Executive Officer of Amundi
Valérie Baudson is Deputy Chief Executive Officer of Crédit Agricole S.A. in charge of the asset management division and a member of the Executive Committee of Crédit Agricole SA since May 202[...]
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Corentin Henry
Head of Press Relations and Social Media
About Amundi
About Amundi
Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.2 trillion of assets[2].
With its six international investment hubs[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 5,700 employees in 35 countries.
Amundi, a trusted partner, working every day in the interest of its clients and society.
Footnotes
