Schroders (SDR) Q1 2026 TU earnings summary

Executive summary

• Group AUM ended Q1 2026 at £814.4bn, down from £823.7bn at December 2025, reflecting market turbulence and net outflows.

• Early quarter saw strong intermediary net flows, but March reversed trends due to heightened geopolitical uncertainty and risk-off sentiment.

• Strategic focus included exiting Brazil and Indonesia, expanding outsourcing, and growing the European Active ETF range.

Financial highlights

• Net new business (NNB) excluding JVs and associates was £(2.2)bn; including JVs and associates, £(1.1)bn for Q1 2026.

• Currency movements increased Group AUM by £6.5bn.

• Public Markets saw net outflows of £(2.8)bn; Schroders Capital had net inflows of £0.3bn.

Outlook and guidance

• Management remains focused on cost control and investing in areas of strength.

• Continued expansion of ETF offerings and international growth targeted.