AMP Q2 2024 Earnings — Ameriprise Financial, Inc. Revenue & Financial Results | Market Cap Arena

AMPAmeriprise Financial, Inc.

$43B

Q2 2024 Earnings

Financial Services Asset Management

Income Statement

Revenue

$4.4B+9.6% YoY

Gross Profit

$2.5B58.1% margin

Operating Income

$1.6B36.3% margin

Net Income

$829M18.9% margin

EPS (Diluted)

$8.02

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

$1.7B

Stock-Based Comp.

$48M

Balance Sheet

Total Assets

$179.7B

Total Liabilities

$174.7B

Stockholders' Equity

$5.0B

Cash & Equivalents

$7.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.4B	$4.0B	+9.6%
Gross Profit	$2.5B	$2.4B	+7.5%
Operating Income	$1.6B	$1.4B	+11.5%
Net Income	$829M	$890M	-6.9%

Revenue Segments

Advice and Wealth Management

$2.8B61%

Retirement and Protection Solutions

$928M20%

Asset Management Segment

$848M18%