Valérie Baudson, Chief Executive Officer, said:
"Amundi has made a very good start to the year, with record net inflows of +€32bn in the quarter. Asset gathering remained positive in medium-long term assets1 also in March.
The activity was sustained across all client segments, asset classes and geographies. This demonstrates the strength of our business model and our ability to support our clients in an uncertain environment. This performance confirms, in the wake of 2025, the relevance of the axes of our new strategic plan and their proper implementation.
The net income2 and earnings per share2 posted strong growth at +15%, at levels close to their all-time highs."
Key figures as of 31 March 2026
Net inflows³ in the 1st quarter of 2026, the highest in over 4 years
€2,398bnAssets under management³, up +7% year-on-year
€349m²Adjusted net income, up +15%⁴ Q1/Q1
Strong activity and innovations along the axes of the new 2028⁵ Strategic Plan
In the first quarter of 2026, the Amundi Group recorded further successes across the strategic growth priorities of its new Medium-Term Plan (MTP), Invest for the Future 2028:
Clients
On retirement, Amundi gathered +€5bn and launched new offers and won several major mandates, synonymous with future recurring flows:
- Amundi Italia's launch of PensioNEXT, a web-based pension investment advisory platform;
- an index and ETF-based mandate for True Potential in the United Kingdom, that will serve as a core brick for retirement products;
- two large institutional mandates for a large German company and a South Korean Chaebol;
- In addition, the mandate won in the 4th quarter for the Republic of Ireland's new auto-enrolment regime recorded its first flows in the first quarter.
Digital players’ net inflows represented +€2bn in the first quarter and a new partnership with Bitpanda (7 million users) was signed to support this successful investment platform’s ETF diversification throughout Europe.
Geographies
- Northern Europe recorded net inflows of +€13bn, notably from the United Kingdom, Germany, Belgium and Sweden.
- Asia collected +€7bn, more than half of which came from direct distribution (outside joint-ventures).
Solutions
The ETF platform is gaining market share6, with net inflows of +€16bn in the first quarter. A new active ETF was launched, in Euro Credit Investment Grade, a core expertise of Amundi's active management, and two new clients were signed for white-label ETFs. Finally, Amundi announced the launch of a Bitcoin ETP, based on European regulation and a 100% European ecosystem.
Private assets recorded net inflows of +€3bn in the first quarter, thanks to the win of a multi-management mandate with CCR (a French reinsurer) and above all to investments by CA Assurances, including the first flows into ICG strategies. The partnership with ICG reached a new milestone in the first quarter, with the final regulatory approvals received for Amundi to appoint a non-executive director to ICG Board and increase its stake to 9.9%, which is expected to be reached in the third quarter.
In active management, net inflows reached +€7bn, particularly in multi-asset and fixed income strategies, in particular securitisation (+€1bn in net inflows in the first quarter, AuM of €8bn). Amundi has been named fund selectors' preferred brand in France7.
In Responsible Investment, Amundi contributed to the launch of one of the largest blended finance funds, the "Global Green Bond Initiative Fund" supported by a European coalition. In addition, the commitment policy now applies to nearly 3,000 issuers, a figure that has doubled in 5 years.
Technology
Amundi Technology recorded another strong growth in its revenues at +21%, of which +27% for its licence fees.
- Medium-long term assets, excluding associates (Asian joint-ventures and Victory Capital's US distribution).
- Adjusted data: see p.9 of the Press Release.
- Assets under management and net inflows including advised and marketed assets and funds of funds, including 100% of the net inflows and assets under management of Asian JVs; for Wafa Gestion in Morocco and the distribution to Victory Capital’s US clients, assets under management and net inflows are included for Amundi's share in the capital of both entities.
- Pro forma: the historical series have been restated on a comparable scope basis.
- See the Press release of 18 November 2025.
- Source ETFGI, March 2026: 15% market share of the first quarter of 2026 net inflows in European ETFs vs. 13% for the whole of 2025 (of which 11% in the first quarter of 2025).
- Source Fund Brand 50 / Broadridge Financial Solutions, April 2026: No. 1 in France, No. 4 in Europe (and first in Europe) and in the top 10 worldwide.
