IGM Financial (IGM) Q1 2026 earnings summary

Executive summary

• Achieved record adjusted EPS of CAD 1.21 (up 21% year-over-year) and reported EPS of CAD 1.20 (up 22.4%), driven by strong performance in wealth and asset management segments.

• Returned a record CAD 330 million to shareholders through dividends and share buybacks, the highest ever quarterly return.

• Consolidated AUM & A including strategic investments reached CAD 568.9 billion, up 13% year-over-year and 0.5% sequentially.

• Strategic investments (Northleaf, Rockefeller, Wealthsimple, ChinaAMC) delivered strong asset growth.

• AI is being embedded across wealth, asset management, and enterprise workflows to drive efficiency and client outcomes.

Financial highlights

• Adjusted net earnings available to common shareholders rose 20% year-over-year to CAD 284.3 million.

• IG Wealth Management earnings of CAD 158.9 million, up 23.8% year-over-year on 14.4% revenue growth.

• Mackenzie Investments earnings of CAD 57.4 million, up 9.1% year-over-year; AUM reached CAD 246.0 billion, up 12.5%.

• ChinaAMC delivered Q1 earnings of CAD 34.6 million; annual dividend of CAD 61.5 million received.

• Net inflows for the quarter were CAD 5.6 billion, compared to CAD 4.2 billion in the prior year.

Outlook and guidance

• Maintaining expense growth guidance of 4% for 2026.

• Expect Mackenzie and IG expenses to drop in the second half of the year after seasonally high Q2.

• ChinaAMC earnings growth expected in the mid-single-digit range for 2026.

• Rockefeller expected to move into positive earnings in the second half of 2026.

• Continued investment in technology, AI, and client experience across segments.