)

Amundi (AMUN) investor relations material
Amundi Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Record net inflows of €52bn in H1 2025, matching full-year 2024, with assets under management at an all-time high of €2.3tn, up 5% year-over-year despite significant FX headwinds.
Profit before tax rose 4% year-over-year to €895m, driven by 5% revenue growth and cost control, with a cost/income ratio at 52.5%.
Strategic initiatives delivered strong results: third-party distribution (+€13bn), Asia (+€22bn), ETFs (+€19bn), and responsible investment mandates.
Partnership with Victory Capital finalized, resulting in a €400m+ non-cash capital gain and changes in AUM reporting.
Amundi Technology revenues surged 48% year-over-year, and Fund Channel exceeded its Ambitions 2025 target with €613bn in assets under distribution.
Financial highlights
Adjusted net revenues reached €1,703m in H1 2025, up 4.9% year-over-year; net management fees grew 4.6% to €1,542m.
Adjusted pre-tax profit rose 4.5% to over €800m; adjusted net income was €638m, or €692m excluding a €54m exceptional French tax.
Stated net income reached almost €1bn in H1, boosted by a €400m+ non-cash capital gain from the Victory Capital deal.
Q2 2025 adjusted net revenues were €790m, down 1% year-over-year; adjusted net income was €334m, or €343m excluding the exceptional tax.
Tangible equity stood at €4.3bn at June 2025, with a capital surplus of €1.3bn and an A+ rating from Fitch.
Outlook and guidance
Optimization plan launched to generate €35–40m in annual savings from 2026, with restructuring costs of €70–80m expected in H2 2025.
2025 is the final year of the Ambitions 2025 plan, with most strategic objectives already achieved; a new three-year plan will be presented in Q4.
Management expects the exceptional Q2 FX impact will not repeat; commercial momentum remains strong into July.
Next Amundi earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage