AMP

MKT CAP:$42B

Ameriprise Financial, Inc.

Market Cap

$42B

Financial Services·Asset Management·🇺🇸 United States·NYSE

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$463.38-$30.39 (-6.15%)

Apr 24, 2026

Company Details

Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Mana...

CEO

James Cracchiolo

IPO Date

Sep 15, 2005

Website

www.ameriprise.com

Key Metrics TTM

Revenue

$13.9B

-23.0% YoY

Net Income

$2.6B

EPS (Diluted)

$25.89

Free Cash Flow

$5.9B

Revenue / Share

$146.57

Gross Margin

52.2%

Operating Margin

32.6%

Net Margin

18.4%

FCF Margin

42.3%

P/S

3.0x

P/E

16.5x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$0-100.0%EPS $0.00

Q3 2025

Oct 31, 2025

$4.9B+6.3%EPS $9.33

Q2 2025

Aug 5, 2025

$4.5B+2.1%EPS $10.73

Q1 2025

May 2, 2025

$4.5B+3.5%EPS $5.83

FY 2024

Feb 20, 2025

$18.0B+11.6%EPS $33.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$3.5B	$1.7B	$787M
Q3 21	$2.9B	$2.5B	$1.4B
Q4 21	$3.8B	$1.9B	$922M
Q4 22	$3.7B	$1.6B	$693M
Q1 23	$3.9B	$2.2B	$577M
Q2 23	$4.0B	$2.2B	$1.2B
Q3 23	$4.1B	$2.3B	$1.2B
Q4 23	$4.2B	$2.1B	$578M
Q1 24	$4.3B	$2.3B	$1.3B
Q2 24	$4.4B	$2.3B	$1.1B
Q3 24	$4.6B	$2.4B	$732M
Q4 24	$4.7B	$2.5B	$1.4B
Q1 25	$4.5B	$2.4B	$767M
Q2 25	$4.5B	$2.3B	$1.4B
Q3 25	$4.9B	$2.6B	$1.3B
Q1 26	$0	$0	$1.1B

Valuation

Quarter	P/S	P/E
Q2 21	2.2x	27.4x
Q3 21	2.5x	14.5x
Q4 21	2.6x	12.5x
Q4 22	2.5x	12.3x
Q1 23	2.3x	12.3x
Q2 23	2.3x	14.0x
Q3 23	2.2x	12.6x
Q4 23	2.4x	15.3x
Q1 24	2.7x	14.1x
Q2 24	2.5x	13.9x
Q3 24	2.7x	17.2x
Q4 24	2.9x	15.5x
Q1 25	2.6x	15.7x
Q2 25	2.8x	15.9x
Q3 25	2.6x	13.3x
Q1 26	3.0x	16.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$1.0B	-$1.0B
Q2 21	$1.9B	$1.9B
Q3 21	$843M	$812M
Q4 21	$1.6B	$1.5B
Q4 22	$1.2B	$1.2B
Q1 23	$1.1B	$1.0B
Q2 23	$561M	$518M
Q3 23	$925M	$875M
Q4 23	$2.1B	$2.1B
Q1 24	$1.4B	$1.4B
Q2 24	$1.7B	$1.7B
Q3 24	$3.0B	$3.0B
Q4 24	$383M	$325M
Q1 25	$1.7B	$1.6B
Q2 25	$1.8B	$1.7B
Q3 25	$2.2B	$2.2B

Capital Expenditures

Quarter	CapEx
Q1 21	$22M
Q2 21	$33M
Q3 21	$31M
Q4 21	$34M
Q4 22	$56M
Q1 23	$41M
Q2 23	$43M
Q3 23	$50M
Q4 23	$50M
Q1 24	$52M
Q2 24	$17M
Q3 24	$49M
Q4 24	$58M
Q1 25	$36M
Q2 25	$38M
Q3 25	$44M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+26.5%	-16.4%
Q3 21	-2.5%	-49.5%
Q4 21	+17.3%	-4.1%
Q4 22	+9.6%	+6.4%
Q1 23	+11.5%	+22.7%
Q2 23	+35.8%	+75.5%
Q3 23	+8.8%	+1.7%
Q4 23	+13.4%	+20.4%
Q1 24	+12.2%	-7.7%
Q2 24	+10.0%	+16.8%
Q3 24	+12.0%	+33.5%
Q4 24	+11.3%	-10.7%
Q1 25	+3.5%	+22.6%
Q2 25	+2.1%	-6.4%
Q3 25	+6.3%	-6.1%
Q1 26	-100.0%	-133.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$35M	1.0%
Q2 21	$39M	1.1%
Q3 21	$50M	1.7%
Q4 21	$28M	0.7%
Q4 22	$43M	1.2%
Q1 23	$46M	1.2%
Q2 23	$46M	1.1%
Q3 23	$46M	1.1%
Q4 23	$49M	1.2%
Q1 24	$42M	1.0%
Q2 24	$48M	1.1%
Q3 24	$48M	1.0%
Q4 24	$55M	1.2%
Q1 25	$49M	1.1%
Q2 25	$46M	1.0%
Q3 25	$50M	1.0%

OpEx Breakdown

Quarter

Revenue Segments

Quarter	Advice and Wealth Management	Asset Management Segment	Retirement and Protection Solutions
Q1 23	$2.4B	$799M	$824M
Q2 23	$2.5B	$808M	$858M
Q3 23	$2.6B	$826M	$876M
Q4 23	$2.6B	$845M	$918M
Q1 24	$2.7B	$855M	$912M
Q2 24	$2.8B	$848M	$928M
Q3 24	$2.9B	$882M	$973M
Q1 25	$2.8B	$736M	$829M
Q2 25	$2.9B	$830M	$936M
Q3 25	$3.1B	$906M	$1.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$7.6B	$34.3B	$41.9B
Q3 22	$8.0B	$36.4B	$44.4B
Q4 22	$7.1B	$40.8B	$47.9B
Q1 23	$8.5B	$44.9B	$53.4B
Q2 23	$7.5B	$47.6B	$55.1B
Q3 23	$7.1B	$48.2B	$55.3B
Q4 23	$7.6B	$51.6B	$59.1B
Q1 24	$7.2B	$52.2B	$59.5B
Q2 24	$7.9B	$51.7B	$59.6B
Q3 24	$10.7B	$52.4B	$63.1B
Q4 24	$8.5B	$52.2B	$60.7B
Q1 25	$8.0B	$3.1B	$11.1B
Q2 25	$8.4B	$38.0B	$46.4B
Q3 25	$9.8B	$37.1B	$46.9B
Q4 25	$10.1B	$0	$10.1B
Q1 26	$8.3B	$0	$8.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	121M	-0.8%	-4.0%
Q3 21	119M	-1.7%	-4.6%
Q4 21	118M	-1.3%	-3.8%
Q4 22	111M	-5.3%	-8.8%
Q1 23	110M	-1.3%	-9.2%
Q2 23	108M	-1.5%	-9.1%
Q3 23	107M	-1.2%	-8.9%
Q4 23	106M	-1.3%	-5.1%
Q1 24	103M	-2.2%	-6.0%
Q2 24	103M	0.0%	-4.6%
Q3 24	102M	-1.2%	-4.6%
Q4 24	101M	-1.0%	-4.3%
Q1 25	100M	-1.2%	-3.3%
Q2 25	99M	-1.2%	-4.4%
Q3 25	98M	-1.0%	-4.3%
Q1 26	95M	-3.4%	-6.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$281.5K	12K
Q3 21	$239.8K	12K
Q4 21	$313.4K	12K
Q4 22	$273.5K	14K
Q1 23	$285.9K	14K
Q2 23	$296.6K	14K
Q3 23	$303.1K	14K
Q4 23	$310.2K	14K
Q1 24	$320.8K	14K
Q2 24	$326.1K	14K
Q3 24	$339.6K	14K
Q4 24	$342.9K	14K
Q1 25	$329.6K	14K
Q2 25	$330.4K	14K
Q3 25	$358.4K	14K
Q1 26	$0	14K

Revenue / Employee