AJ Bell (AJB) Q1 2026 TU earnings summary

Executive summary

• Achieved record platform assets under administration (AUA) of £108.0 billion, up 21% year-over-year and 5% sequentially.

• Platform customer numbers rose by 29,000 in the quarter to 673,000, a 20% increase year-over-year.

• Strong start to the financial year with record gross inflows and continued investment in brand and platform propositions.

Financial highlights

• Platform gross inflows reached £4.6 billion, up from £3.6 billion in the same quarter last year.

• Net inflows on the platform were £1.5 billion, compared to £1.4 billion year-over-year.

• AJ Bell Investments AUM increased to £9.5 billion, up 32% year-over-year and 7% sequentially.

• Favourable market movements contributed 3% of opening AUA.

Outlook and guidance

• Continued investment in growth initiatives, including a new multi-channel brand campaign ahead of the tax year end.

• Management highlights significant long-term growth opportunities in the platform market.