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AMP

Ameriprise Financial, Inc.

AMP

Ameriprise Financial, Inc. • NYSE
$455.74 ▲ 0.50% (+2.27)
Market Cap $42.34 B
52w High $582.05
52w Low $396.14
Dividend Yield 6.28%
P/E 12.53
Volume 271.27K
Outstanding Shares 92.91M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.874B ▲ $1.299B ▲ $912M ▼ 18.712% ▼ $9.47 ▼ $1.258B ▲
Q2-2025 $4.49B ▲ $947M ▲ $1.06B ▲ 23.608% ▲ $10.88 ▲ $0
Q1-2025 $4.481B ▼ $916M ▼ $583M ▼ 13.01% ▼ $5.92 ▼ $0
Q4-2024 $4.649B ▲ $1.011B ▲ $1.071B ▲ 23.037% ▲ $10.8 ▲ $0
Q3-2024 $4.56B $975M $511M 11.206% $5.09 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $46.86B ▲ $190.086B ▲ $183.631B ▲ $6.455B ▲
Q2-2025 $46.375B ▲ $184.903B ▲ $178.821B ▲ $6.082B ▲
Q1-2025 $11.065B ▼ $179.059B ▼ $173.633B ▼ $5.426B ▲
Q4-2024 $60.675B ▼ $181.403B ▼ $176.175B ▼ $5.228B ▼
Q3-2024 $63.116B $185.969B $180.254B $5.715B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $912M ▼ $2.204B ▲ $1.004B ▲ $-1.858B ▲ $1.342B ▲ $2.16B ▲
Q2-2025 $1.06B ▲ $1.764B ▲ $802M ▲ $-1.94B ▼ $651M ▲ $1.726B ▲
Q1-2025 $583M ▼ $1.686B ▲ $-1.741B ▼ $-488M ▲ $-530M ▲ $1.65B ▲
Q4-2024 $1.071B ▲ $383M ▼ $-783M ▼ $-1.458B ▼ $-1.89B ▼ $325M ▼
Q3-2024 $511M $3.048B $635M $-1.173B $2.536B $2.999B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Advice and Wealth Management
Advice and Wealth Management
 $5.80Bn ▲$2.78Bn ▼$2.92Bn ▲$3.09Bn ▲
Asset Management Segment
Asset Management Segment
 $1.78Bn ▲$740.00M ▼$830.00M ▲$910.00M ▲
Retirement and Protection Solutions
Retirement and Protection Solutions
 $1.89Bn ▲$830.00M ▼$940.00M ▲$1.10Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Ameriprise shows a clear pattern of growth and resilience. Revenue has climbed steadily over the last several years, and profits have generally moved up as well, with only a brief soft patch before bouncing back to record levels in the most recent year. Operating earnings and net income both point to a business that is not just getting bigger, but also more efficient. Earnings per share have grown even faster than profits overall, which suggests active capital management (for example, share repurchases) on top of underlying business strength. As with most asset and wealth managers, results remain sensitive to market conditions, but the long-term trend is upward and fairly robust.

Balance Sheet

Balance Sheet The balance sheet looks typical for a large diversified financial firm: sizeable assets, moderate use of debt, and a relatively small but growing equity base. Total assets have edged up over time, and cash on hand has increased gradually, providing decent flexibility. Debt levels have been fairly stable and do not appear excessive relative to the size and cash‑generating power of the business, though this is not a “zero‑leverage” profile. Shareholders’ equity dipped a few years ago but has since recovered, suggesting some rebuilding of capital. Overall, the balance sheet appears sound for a capital‑light, fee‑based financial company, but not ultra‑conservative in the way of a cash‑rich industrial firm.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has grown meaningfully over the period, tracking the improvement in earnings but with less volatility. The business requires very little in the way of capital spending, so most of the cash coming in from operations flows through to free cash flow. This creates a lot of flexibility for management to fund dividends, buybacks, acquisitions, and technology investments without stretching the balance sheet. The pattern here is of a mature, high‑cash‑conversion business where profits largely turn into cash.

Competitive Edge

Competitive Edge Ameriprise occupies a strong position in advice‑led wealth and asset management. Its edge is less about having the cheapest products and more about deep, long‑term client relationships supported by a large, loyal advisor network. The brand benefits from a long history in financial planning, which helps in building trust and keeping assets “sticky” once clients are on board. Its diversified business mix—advice and wealth, asset management, and retirement/insurance—gives it multiple ways to serve clients and earn fees from the same relationships. At the same time, it faces intense competition from big banks, wirehouses, independent advisors, and low‑cost passive and robo platforms. Regulatory scrutiny, fee pressure, and market volatility remain ongoing structural risks. Even so, the combination of scale, advisor relationships, and integrated offerings forms a meaningful competitive moat.

Innovation and R&D

Innovation and R&D Ameriprise is not a lab‑heavy R&D story, but it is investing steadily in practical, advisor‑focused technology. The PracticeTech platform, eMeeting tools, and integrated CRM are all aimed at making advisors more productive and client meetings more effective, which reinforces its advice‑centric model. The firm is also leaning into AI and analytics to help advisors spot client needs and opportunities more proactively, and is upgrading its digital presence so that the online experience better reflects its planning capabilities. New offerings like the Signature Wealth unified managed account show that innovation also extends to product design, especially for more complex, high‑net‑worth needs. The main opportunity is to use technology to deepen relationships rather than replace them; the risk is execution—keeping tools intuitive, secure, and ahead of what rival platforms offer.

Summary

Ameriprise combines solid financial performance with a durable, relationship‑driven franchise. Over the past several years it has grown revenue and earnings, converted those earnings into strong free cash flow, and maintained a reasonably healthy balance sheet for a fee‑based financial firm. Its core strengths lie in trusted financial advice, a large and supported advisor network, and a diversified set of wealth, asset management, and protection solutions that create high switching costs for clients. The company is using technology and selective innovation to reinforce this existing moat rather than radically changing its business model. Key uncertainties revolve around market cycles, regulatory changes, competitive pressures from low‑cost and digital alternatives, and the need to keep its technology and advisor offering compelling. Overall, the story is one of a mature, cash‑generative financial institution working to modernize and strengthen an already established competitive position.

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November 25, 2025 · 1:04 PM UTC

Advisor Team With Over $160 Million in Assets Joins Ameriprise Financial for Integrated Planning Capabilities and Service Support

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November 12, 2025 · 4:10 PM UTC

Ameriprise Financial Appoints Liane J. Pelletier to Board of Directors

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November 11, 2025 · 2:30 PM UTC

Ameriprise Financial Named a Military Friendly® Employer for the Twelfth Consecutive Year

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