ABSTRACT Advanced LIGO and Advanced Virgo are detecting a large number of binary stellar origin black hole (BH) mergers. A promising channel for accelerated BH merger lies in active galactic nucleus (AGN) discs of gas around supermasssive BHs. Here, we investigate the relative number of compact object (CO) mergers in AGN disc models, including BH, neutron stars (NS), and white dwarfs, via Monte Carlo simulations. We find the number of all merger types in the bulk disc grows ∝ t1/3 which is driven by the Hill sphere of the more massive merger component. Median mass ratios of NS–BH mergers in AGN discs are $\tilde{q}=0.07\pm 0.06(0.14\pm 0.07)$ for mass functions (MF) M−1(− 2). If a fraction fAGN of the observed rate of BH–BH mergers (RBH–BH) come from AGN, the rate of NS–BH (NS–NS) mergers in the AGN channel is ${R}_{\mathrm{ BH}\!-\!\mathrm{ NS}} \sim f_{\mathrm{ AGN}}[10,300]\, \rm {Gpc}^{-3}\, \rm {yr}^{-1},({\mathit{ R}}_{NS\!-\!NS} \le \mathit{ f}_{AGN}400\, \rm {Gpc}^{-3}\, \rm {yr}^{-1}$). Given the ratio of NS–NS/BH–BH LIGO search volumes, from preliminary O3 results the AGN channel is not the dominant contribution to observed NS–NS mergers. The number of lower mass gap events expected is a strong function of the nuclear MF and mass segregation efficiency. CO merger ratios derived from LIGO can restrict models of MF, mass segregation, and populations embedded in AGN discs. The expected number of electromagnetic (EM) counterparts to NS–BH mergers in AGN discs at z < 1 is $\sim [30,900]\, {\rm {yr}}^{-1}(f_{\mathrm{ AGN}}/0.1)$. EM searches for flaring events in large AGN surveys will complement LIGO constraints on AGN models and the embedded populations that must live in them.