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AJ Bell (AJB) investor relations material
AJ Bell Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record growth in Q3 2026, with customer numbers rising by 39,000 to 762,000, a 23% increase year-over-year and 5% sequentially.
Assets under administration (AUA) reached £121.5 billion, up 26% year-over-year and 12% in the quarter.
Investment business assets under management (AUM) rose to £11.4 billion, a 41% increase year-over-year and 16% sequentially.
Record net inflows: £3.0 billion for the platform (up 43% year-over-year) and £0.8 billion for investments (doubled from prior year).
Financial highlights
Gross inflows for the platform were £6.0 billion, up 50% from £4.0 billion in Q3 2025.
Net inflows for the platform reached £3.0 billion, up from £2.1 billion in Q3 2025.
Favourable market movements contributed 9% of opening AUA in the quarter.
D2C customer base grew 30% year-over-year to 571,000; advised customers increased 6% to 191,000.
Outlook and guidance
Entered Q4 2026 with strong momentum, supported by continued investment in brand and propositions.
UK platform market expected to benefit from structural growth drivers as more individuals manage long-term finances.
Reduction in core MPS range charge from 0.15% to 0.12% per annum effective 1 October 2026, aiming to remain competitively priced.
- Record revenue and profit growth, strong customer inflows, and increased shareholder returns.AJB
H1 2026 Pre Recorded - Record customer and asset growth, with net inflows up 42% year-over-year.AJB
Q2 2026 TU - Record AUA and customer growth, but UK Budget uncertainty drove higher pension outflows.AJB
Q1 2026 TU - Record customer and asset growth fueled double-digit revenue and profit gains.AJB
H2 2025 - Record customer and asset growth, with strong inflows and strategic investments fueling expansion.AJB
Trading Update - Record net inflows and customer growth highlight strong momentum and market positioning.AJB
Q3 2025 TU - Record growth in revenue, profit, and AUA drives higher dividends and a new share buyback.AJB
H2 2024 - Revenue and profit surged on record customer growth, with over £100m returned to shareholders.AJB
H1 2025 Pre Recorded - Double-digit revenue and profit growth, record inflows, and increased shareholder returns.AJB
H1 2025 Investor Call
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