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AJ Bell (AJB) investor relations material
AJ Bell Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record quarterly customer growth, adding 50,000 net new customers to reach 723,000, a 22% increase year-over-year and 7% sequentially.
Platform assets under administration (AUA) rose to £108.7 billion, up 20% year-over-year and 1% in the quarter, despite market volatility.
Direct-to-consumer (D2C) segment delivered its strongest quarter, with customer growth over 50% higher than the same quarter last year.
Maintained high service standards during peak tax year-end activity, with average customer wait times of eight seconds.
Financial highlights
Gross inflows on the platform reached £5.6 billion, up 40% year-over-year; net inflows were £2.7 billion, up 42% year-over-year.
Investment business assets under management (AUM) increased to £9.8 billion, up 31% year-over-year and 3% sequentially.
Market movements reduced AUA growth by 2% in the quarter, reflecting ongoing volatility.
Outlook and guidance
Management remains confident in long-term, sustainable growth, citing a scalable business model and structural growth opportunities in the UK platform market.
Interim results for the six months ended 31 March 2026 are expected to be announced on 21 May 2026.
- Record AUA and customer growth, but UK Budget uncertainty drove higher pension outflows.AJB
Q1 2026 TU22 Jan 2026 - Record growth in revenue, profit, and AUA drives higher dividends and a new share buyback.AJB
H2 202411 Jan 2026 - Record customer and asset growth fueled double-digit revenue and profit gains.AJB
H2 20258 Dec 2025 - Revenue and profit surged on record customer growth, with over £100m returned to shareholders.AJB
H1 2025 Pre Recorded21 Nov 2025 - Double-digit revenue and profit growth, record inflows, and increased shareholder returns.AJB
H1 2025 Investor Call18 Nov 2025 - Record customer and asset growth, with strong inflows and strategic investments fueling expansion.AJB
Trading Update23 Oct 2025 - Record net inflows and customer growth highlight strong momentum and market positioning.AJB
Q3 2025 TU24 Jul 2025 - Record customer and asset growth, with strong inflows and positive market momentum.AJB
Q4 2024 TU13 Jun 2025 - Record AUA and AUM growth driven by strong inflows and customer gains in Q3.AJB
Q3 2024 TU13 Jun 2025
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