Jun 2026 (Q2 FY26) — Jul 23, 2026
Ameriprise Q2 FY26 — Strong Revenue and Earnings Growth Driven by Asset Growth and Client Engagement
Read the full callAmeriprise (AMP) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Ameriprise earnings: last reported Thu, 23 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5,013 | +11.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 1,113 | +5.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
7 of 10 judged targets kept · 6 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Asset Management back-office outsourcing | substantial portion of the conversion to be completed | Mar 2026 | In terms of transformation and asset management, the completion of our back office is on track to be finalized at the end of the third quarter, which is a real positive that will bring further efficiency and savings. | On Track |
3 of AMERIPRISE FINANCIAL INC's 16 targets were missed. See which ones, and which are quietly gone. The 1 above are the free sample; 15 more targets are in the full ledger.
Claimed
- Revenues grew 13% to nearly $5 billion, driven by strong asset growth and client adviser engagement.
- Adjusted operating earnings were up 14% to $1 billion, demonstrating consistently strong performance.
- Adjusted EPS increased 22% to $11.07, reflecting exceptional return to shareholders.
- Return on equity (ROE) reached 55%, up from 51.5% a year ago, maintaining a best-in-class position.
- Total client assets increased 15% to $1.2 trillion, hitting a new milestone in assets under management and administration.
- Adviser productivity reached a new record, up 12% to $1.2 million, supported by excellent client experience and adviser partnership.
- Asset Management pretax adjusted operating earnings increased 23% to $274 million, reflecting asset growth and strong performance.
Qualified
- Overall client flows were impacted by higher seasonal tax payments and adviser transitions, including Comerica-related outflows.
- Net outflows in Asset Management improved to $6.5 billion but remain negative, despite strong gross sales.
- The adviser recruiting environment remains
- extremely aggressive
- with
- irrational
- economics, leading to selective participation.
- Certificate balances declined to $7.4 billion, driven by the current rate environment and client preferences.
Price
$480.41 −4.07% · −$20.39
Performance +2.2% 1Y
1Y: $470.25 on 17 Oct 2025 → $480.41. High $570.68 (13 Aug 2026), low $430.4 (6 Apr 2026).
- Previous close
- $500.8
- 52-week range
- $430.4 – $570.68
- One year
- +1.64%
Overview
- Symbol
- AMP
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
7 of 10 judged targets kept · 6 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Asset Management back-office outsourcing | substantial portion of the conversion to be completed | Mar 2026 | In terms of transformation and asset management, the completion of our back office is on track to be finalized at the end of the third quarter, which is a real positive that will bring further efficiency and savings. | On Track |
Claimed
- Revenues grew 13% to nearly $5 billion, driven by strong asset growth and client adviser engagement.
- Adjusted operating earnings were up 14% to $1 billion, demonstrating consistently strong performance.
- Adjusted EPS increased 22% to $11.07, reflecting exceptional return to shareholders.
- Return on equity (ROE) reached 55%, up from 51.5% a year ago, maintaining a best-in-class position.
- Total client assets increased 15% to $1.2 trillion, hitting a new milestone in assets under management and administration.
- Adviser productivity reached a new record, up 12% to $1.2 million, supported by excellent client experience and adviser partnership.
- Asset Management pretax adjusted operating earnings increased 23% to $274 million, reflecting asset growth and strong performance.
Qualified
- Overall client flows were impacted by higher seasonal tax payments and adviser transitions, including Comerica-related outflows.
- Net outflows in Asset Management improved to $6.5 billion but remain negative, despite strong gross sales.
- The adviser recruiting environment remains
- extremely aggressive
- with
- irrational
- economics, leading to selective participation.
- Certificate balances declined to $7.4 billion, driven by the current rate environment and client preferences.
The full ledger
Open AMERIPRISE FINANCIAL INC’s full ledger
A free account opens 5 company ledgers a month. All 16 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 23, 2026
Ameriprise Financial Q1 FY26 — Record adjusted EPS of $11.26, ROE above 54%
Read the full callDec 2025 (Q4 FY25) — Jan 29, 2026
Ameriprise Financial Q4 FY25 — Record Revenue, Earnings, and Client Flows
Read the full callEvery analysed call
Ameriprise earnings calls (AMP)
Financials
What the filings say
Net profit, year on year: +5% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,560 | 4,649 | 4,481 | 4,490 | 4,893 | 5,047 | 4,886 | 5,013 |
| Expenses | 3,752 | 3,149 | 3,667 | 3,024 | 3,617 | 3,668 | 3,668 | 3,498 |
| Profit before tax | 645 | 1,352 | 687 | 1,351 | 1,174 | 1,292 | 1,144 | 1,442 |
| Tax rate | 20.8% | 20.8% | 15.1% | 21.5% | 22.3% | 22.0% | 20.0% | 22.8% |
| Net profit | 511 | 1,071 | 583 | 1,060 | 912 | 1,008 | 915 | 1,113 |
| EPS ($ per share) | 5.09 | — | 5.92 | 10.88 | 9.47 | — | 9.81 | 12.12 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 12,909 | 14,279 | 15,292 | 17,322 | 19,918 | 21,905 | 24,713 | 27,662 |
| Total liabilities | 131,628 | 146,099 | 160,016 | 172,898 | 155,049 | 170,462 | 176,175 | 184,355 |
| Fixed assets | 635 | 610 | 602 | 590 | 630 | 681 | 733 | 744 |
| Total assets | 137,216 | 151,828 | 165,883 | 177,735 | 158,852 | 175,191 | 181,403 | 190,904 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,597 | 2,341 | 4,623 | 3,325 | 4,407 | 4,685 | 6,595 | 8,323 |
| Cash from investing | -587 | -3,234 | -2,894 | -4,380 | -13,583 | -9,262 | -551 | -1,528 |
| Cash from financing | -1,263 | 1,214 | 952 | 1,723 | 8,430 | 4,411 | -5,165 | -5,157 |
| Net cash flow | — | 330 | 2,690 | 666 | -814 | -135 | 869 | 1,669 |
| Capital expenditure | -162 | -143 | -147 | -120 | -182 | -184 | -176 | -162 |
| Free cash flow | 2,435 | 2,198 | 4,476 | 3,205 | 4,225 | 4,501 | 6,419 | 8,161 |
AMP revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Advice and Wealth Management | 64% | 64% | 65% | 65% | 63% | 64% | 67% | 66% | +13.6% |
| Retirement and Protection Solutions | 21% | 21% | 21% | 21% | 23% | 20% | 19% | 19% | +4.2% |
| Asset Management | 19% | 20% | 19% | 18% | 19% | 21% | 19% | 19% | +14.1% |
| Corporate and Other | 3% | 2% | 3% | 3% | 2% | 2% | 2% | 2% | -4.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
AMP operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Assets under management (AUM) Wrap | $573BAnd total wrap assets grew to $573 billion, up 10%.Source: earnings call transcript | $615BWrap assets were up 15% to $615 billion, with wrap flows of $33 billion over the past year, representing a 6% annualized flow rate consistent with the prior year.Source: earnings call transcript | $650BWrap assets were up 14% to $650 billion with Wrap flows at $30 billion over the past year.Source: earnings call transcript | — | $664BTotal client assets grew 12% to $1.1 trillion with wrap assets growing 16% to $664 billion.Source: earnings call transcript | $732BWrap assets reached a new record, up 19% to $732 billion, reflecting market appreciation, strong client engagement and the value of our advice experience.Source: earnings call transcript | +10.2% |
| Net new assets Client | $10.3BWe also had good inflows of $10.3 billion across our platform.Source: earnings call transcript | — | — | $13.3BTotal client inflows were $13.3 billion, up 18%, which is one of our best quarters for flows.Source: earnings call transcript | $4.2BClient flows were $4.2 billion and wrap flows were $6 billion in the quarter.Source: earnings call transcript | $3.1BClient flows were $3.1 billion and [ rates ] was $6.9 billion, reflecting a substantial acceleration of [ Comerica terminations ], exacerbated by the elevated tax payments in the quarter.Source: earnings call transcript | -26.2% |
| Net new assets Wrap | $8.7BFlows grew 34% to $8.7 billion, representing a 6% annualized flow rate in the quarter.Source: earnings call transcript | $5.4BWrap net inflows were $5.4 billion and reflected the higher market uncertainty and seasonal impact of client tax payments and transactional activity was also good.Source: earnings call transcript | — | $12.1BWrap assets increased 17% to a record high of $670 billion with $12.1 billion of net inflows in the quarter, representing a 7.4% annualized flow rate.Source: earnings call transcript | $6BWe ended the quarter with $6 billion of wrap net inflows.Source: earnings call transcript | — | -50.4% |
| Net new assets Asset Management | -$18.3BRegarding flows, we had higher outflows of $18.3 billion in the quarter.Source: earnings call transcript | -$8.7BRegarding flows, we had $8.7 billion of outflows in the quarter, largely driven by higher institutional impacts.Source: earnings call transcript | -$3.4BNet outflows significantly improved on a sequential basis to $3.4 billion, with improvement in both retail and institutional.Source: earnings call transcript | — | -$5.9BImportantly, net outflows improved significantly year-over-year to $5.9 billion, reflecting better trends across both retail and institutional channels.Source: earnings call transcript | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
105 filings between Nov 21, 2025 and Aug 10, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$65.94M
25 sales by 9 insiders
Compensation
not trading decisions- 17
- Award — granted as compensation
- 16
- Option exercise — converted options into shares
- 43
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 dispositions to the issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| CRACCHIOLO JAMES M | — | $36.43M | Jul 28, 2026 |
| Berman Walter Stanley | — | $9.85M | Jul 28, 2026 |
| Williams William Jerryl | — | $8.67M | Jul 28, 2026 |
| Smyth Gerard P. | — | $2.96M | May 14, 2026 |
| TRUSCOTT WILLIAM F | — | $2.66M | Feb 10, 2026 |
| Alvero Gumer | — | $2.53M | Feb 9, 2026 |
| McGraw Deirdre Davey | — | $1.34M | Aug 6, 2026 |
| Sharpe Robert Francis JR | — | $1.24M | May 8, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 10, 2026 | Brockman Dawn M. SVP AND CONTROLLER | Sale | 472 | $263.8K |
| Aug 10, 2026 | MELLOH HEATHER J. EVP AND GENERAL COUNSEL | Tax withheld | 469 | $262.5K |
| Aug 10, 2026 | MELLOH HEATHER J. EVP AND GENERAL COUNSEL | Option exercise | 722 | $142.9K |
| Aug 6, 2026 | McGraw Deirdre Davey EVP Mktg, Strat. & Comms. | Sale | 2,400 | $1.34M |
| Aug 6, 2026 | McGraw Deirdre Davey EVP Mktg, Strat. & Comms. | Option exercise | 1,000 | $298.1K |
| Aug 6, 2026 | McGraw Deirdre Davey EVP Mktg, Strat. & Comms. | Tax withheld | 2,191 | $1.22M |
| Aug 6, 2026 | McGraw Deirdre Davey EVP Mktg, Strat. & Comms. | Option exercise | 1,000 | $165.4K |
| Aug 6, 2026 | McGraw Deirdre Davey EVP Mktg, Strat. & Comms. | Option exercise | 1,000 | $197.9K |
| Jul 28, 2026 | Berman Walter Stanley EXECUTIVE VP AND CFO | Option exercise | 23,206 | $4.59M |
| Jul 28, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Sale | 16,120 | $8.79M |
| Jul 28, 2026 | Berman Walter Stanley EXECUTIVE VP AND CFO | Option exercise | 10,905 | $1.80M |
| Jul 28, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Sale | 1,900 | $1.04M |
| Jul 28, 2026 | Berman Walter Stanley EXECUTIVE VP AND CFO | Sale | 10,590 | $5.81M |
| Jul 28, 2026 | Berman Walter Stanley EXECUTIVE VP AND CFO | Tax withheld | 23,099 | $12.72M |
| Jul 28, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Tax withheld | 34,912 | $19.06M |
| Jul 28, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Option exercise | 52,932 | $8.76M |
| Jul 28, 2026 | Berman Walter Stanley EXECUTIVE VP AND CFO | Sale | 422 | $232.0K |
| Jul 28, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Sale | 3,200 | $1.73M |
| Jul 28, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Sale | 4,102 | $2.21M |
| Jul 28, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Tax withheld | 6,840 | $3.68M |
| Jul 28, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Option exercise | 10,948 | $1.81M |
| Jul 28, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Sale | 908 | $492.0K |
| Jul 27, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Option exercise | 3,634 | $461.1K |
| Jul 27, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Sale | 6 | $3.2K |
| Jul 27, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Sale | 7,888 | $4.24M |
| Jul 27, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Tax withheld | 2,131 | $1.14M |
| Jul 9, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Tax withheld | 24 | $12.0K |
| Jul 9, 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Option exercise | 54 | — |
| Jul 9, 2026 | TRUSCOTT WILLIAM F CEO, GLOBAL ASSET MANAGEMENT | Tax withheld | 181 | $90.3K |
| Jul 9, 2026 | Brockman Dawn M. SVP AND CONTROLLER | Option exercise | 26 | — |
| Jul 9, 2026 | TRUSCOTT WILLIAM F CEO, GLOBAL ASSET MANAGEMENT | Option exercise | 392 | — |
| Jul 9, 2026 | Brockman Dawn M. SVP AND CONTROLLER | Tax withheld | 9 | $4.5K |
| Jul 9, 2026 | HUNTER PETRUZILLO KELLI A. Exec VP of Human Resources | Tax withheld | 98 | $49.1K |
| Jul 9, 2026 | HUNTER PETRUZILLO KELLI A. Exec VP of Human Resources | Option exercise | 207 | — |
| May 14, 2026 | Smyth Gerard P. EVP & Hd. of Tech. & Serv. Del | Sale | 6,255 | $2.96M |
| May 14, 2026 | Smyth Gerard P. EVP & Hd. of Tech. & Serv. Del | Tax withheld | 1,437 | $677.1K |
| May 14, 2026 | Smyth Gerard P. EVP & Hd. of Tech. & Serv. Del | Option exercise | 2,221 | $367.4K |
| May 8, 2026 | Sharpe Robert Francis JR Director | Sale | 1,200 | $559.0K |
| Feb 10, 2026 | TRUSCOTT WILLIAM F CEO, GLOBAL ASSET MANAGEMENT | Sale | 5,000 | $2.66M |
| Feb 9, 2026 | Alvero Gumer PRESIDENT-INSURANCE&ANNUITIES | Option exercise | 4,865 | $617.3K |
| Feb 9, 2026 | Alvero Gumer PRESIDENT-INSURANCE&ANNUITIES | Option exercise | 3,428 | $616.5K |
| Feb 9, 2026 | Alvero Gumer PRESIDENT-INSURANCE&ANNUITIES | Tax withheld | 4,950 | $2.69M |
| Feb 9, 2026 | Alvero Gumer PRESIDENT-INSURANCE&ANNUITIES | Sale | 4,658 | $2.53M |
| Feb 5, 2026 | Berman Walter Stanley EXECUTIVE VP AND CFO | Sale | 7,000 | $3.81M |
| Feb 4, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Sale | 1,782 | $972.5K |
| Feb 4, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Sale | 6,886 | $3.75M |
| Feb 4, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Sale | 4,507 | $2.45M |
| Feb 4, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Sale | 5,643 | $3.06M |
| Feb 4, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Sale | 4,235 | $2.29M |
| Feb 4, 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO | Sale | 7,136 | $3.85M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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