AMP Q1 2024 Earnings — Ameriprise Financial, Inc. Revenue & Financial Results | Market Cap Arena

AMPAmeriprise Financial, Inc.

$43B

Q1 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$4.3B+12.5% YoY

Gross Profit

$2.5B59.0% margin

Operating Income

$1.6B36.8% margin

Net Income

$990M22.9% margin

EPS (Diluted)

$9.45

QoQ Revenue Growth

+3.8%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$1.4B

Stock-Based Comp.

$42M

Balance Sheet

Total Assets

$179.8B

Total Liabilities

$175.0B

Stockholders' Equity

$4.9B

Cash & Equivalents

$7.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.3B	$3.8B	+12.5%
Gross Profit	$2.5B	$2.3B	+13.0%
Operating Income	$1.6B	$1.3B	+19.6%
Net Income	$990M	$417M	+137.4%

Revenue Segments

Advice and Wealth Management

$2.7B61%

Retirement and Protection Solutions

$912M20%

Asset Management Segment

$855M19%