Record (REC) Q4 2026 TU earnings summary

Executive summary

• Achieved a third consecutive quarter of net inflows, with year-end AUM at US$114.6bn, reflecting positive client flows despite asset market and FX headwinds.

• Performance fees for Q4 FY26 were £0.4m, up from £0.3m in Q4 FY25; full-year performance fees reached £2.8m, down from £3.2m in FY25.

• Average fee rates remained stable compared to the previous quarter.

• Full-year earnings expectations remain unchanged amid global macroeconomic and political volatility.

Financial highlights

• AUM at 31 March 2026 was US$114.6bn, down from US$115.9bn at 31 December 2025.

• Net inflows for the quarter totaled US$1.4bn, offset by negative asset and FX movements.

• Performance fees for the year were £2.8m, compared to £3.2m in the prior year.

Outlook and guidance

• Earnings expectations for the full year remain unchanged despite challenging market conditions.

• Results for the 12 months ended 31 March 2026 will be announced on 19 June 2026.