2022 Financial Information

Baird Financial Group is the ultimate parent company of all of Baird’s global operations. Our primary businesses are wealth management, capital markets, asset management and private equity. We are privately held and employee-owned.

Net Revenues
(millions)

Operating Income
(millions)

Associates

Book Value *
(per share / including cumulative dividends)

* Represents the book value per share of Baird stock at December 31, 2022 of $27.14 plus cumulative cash dividends per share of $14.73, representing cumulative dividends per share of $8.07 prior to 2018 plus annual dividends per share of $1.50, $2.50, $1.83, and $0.83 in 2022, 2021, 2020, and 2019, respectively. All years have been restated for the three-for-one stock split effective August 24, 2021.

Return on Book Value **
(per share)

** Book value return includes the value of cash dividends paid each year

Stockholder's Equity ***
(millions / including cumulative dividends)

*** Represents Stockholders’ Equity at December 31, 2022 of $1,905 million plus cumulative cash dividends of $862 million, representing cash dividends prior to 2018 of $414 million plus annual dividends of $105 million, $169 million, $119 million, and $55 million in 2022, 2021, 2020, and 2019, respectively.

Baird Financial Group: Financial Highlights

Operating
Results
Per-Share
Data
Financial
Position
Other
Data
Net Revenues
(millions)
Operating
Income
(millions)
Book Value
(fully diluted)
Dividend Total Assets
(millions)
Associates Financial
Advisors
2022 $2,786 $477 $27.14 $1.50 $4,455 5,077 1,393
2021 $3,412 $609 $23.88 $2.50 $4,600 4,703 1,309
2020 $2,330 $360 $19.77 $1.83 $3,507 4,512 1,292
2019 $2,060 $262 $17.74 $0.83 $3,343 4,641 1,298
2018 $1,784 $244 $16.26 - $3,235 3,642 937
2017 $1,533 $199 $13.26 $0.70 $3,114 3,410 858
2016 $1,390 $155 $11.56 $2.50 $2,613 3,410 877
2015 $1,286 $154 $12.49 $0.67 $2,793 3,312 872
2014 $1,202 $135 $11.62 $0.62 $2,635 3,172 816
2013 $1,069 $117 $10.59 $0.55 $2,259 2,935 727

Financial information does not reflect the consolidation of certain private equity partnerships.

Book Value: All years have been restated for the three-for-one stock split effective August 24, 2021. Cash dividends per share have a corresponding decrease in book value per share.

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2022 Annual Report PDF

For a downloadable version of the 2022 Baird Annual Report, click below.

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