COHEN & STEERS, INC.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

CNS$75.07+2.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except per share data)

	Years Ended December 31,
	2025	2024	2023
Revenue:
Investment advisory and administration fees	$524,834	$487,059	$459,411
Distribution and service fees	29,338	28,142	28,200
Other	1,944	2,216	2,026
Total revenue	556,116	517,417	489,637
Expenses:
Employee compensation and benefits	224,466	217,980	200,181
Distribution and service fees	72,894	57,137	54,170
General and administrative	71,234	60,135	66,704
Depreciation and amortization	9,786	9,288	4,105
Total expenses	378,380	344,540	325,160
Operating income	177,736	172,877	164,477
Non-operating income (loss):
Interest and dividend income	22,009	19,344	14,618
Gain (loss) from investments—net	8,712	16,582	4,291
Foreign currency gain (loss)—net	(3,827)	738	(3,135)
Total non-operating income (loss)	26,894	36,664	15,774
Income before provision for income taxes	204,630	209,541	180,251
Provision for income taxes	47,232	46,749	43,642
Net income	157,398	162,792	136,609
Net (income) loss attributable to noncontrolling interests	(4,181)	(11,527)	(7,560)
Net income attributable to common stockholders	$153,217	$151,265	$129,049
Earnings per share attributable to common stockholders:
Basic	$2.99	$3.00	$2.62
Diluted	$2.97	$2.97	$2.60
Weighted average shares outstanding:
Basic	51,168	50,409	49,308
Diluted	51,526	50,938	49,553

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.