Schroders
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Schroders (SDR) investor relations material

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Schroders H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary30 Jul, 2026

Executive summary

  • Adjusted net operating income rose 17% year-over-year to £1,419.2m, driven by record AUM and strong sales momentum.

  • Adjusted operating profit increased 46% to £459.8m, reflecting improved operating leverage and cost discipline.

  • Statutory profit before tax doubled to £396.8m, aided by lower transformation costs and strong underlying performance.

  • Interim dividend increased to 7.0p per share (up 8%).

  • Shareholders approved the proposed combination with Nuveen, expected to complete in Q4 2026.

Financial highlights

  • AUM including JVs and associates reached a record £867.8bn, up 12% from H1 2025.

  • Statutory net operating income grew 20% to £1,455.2m; adjusted net operating income up 17%.

  • Adjusted operating expenses rose 7% to £959.4m, mainly due to higher variable compensation.

  • Adjusted cost to income ratio improved to 68% from 74% in H1 2025.

  • Basic EPS more than doubled to 19.1p; adjusted basic operating EPS up 51% to 22.3p.

Outlook and guidance

  • Management expects normalization of institutional fundraising post-Nuveen combination.

  • Focus remains on executing strategic priorities and delivering sustainable growth despite market unpredictability.

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Frequently asked questions

Schroders plc is a global asset management company providing investment solutions to institutional and retail clients, as well as high-net-worth individuals. The company offers a wide range of products, including equity, fixed income, multi-asset, private markets, and alternative investments. Schroders also provides wealth management services, catering to clients seeking personalized financial planning and portfolio management. The company is headquartered in London, United Kingdom, and its shares are listed on the LSE (London Stock Exchange).