Ameriprise Financial Past Earnings Performance
Past criteria checks 5/6
Ameriprise Financial has been growing earnings at an average annual rate of 12.7%, while the Capital Markets industry saw earnings growing at 4.9% annually. Revenues have been growing at an average rate of 9% per year. Ameriprise Financial's return on equity is 62.7%, and it has net margins of 20.2%.
Key information
12.72%
Earnings growth rate
16.96%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 9.05% |
| Return on equity | 62.70% |
| Net Margin | 20.16% |
| Next Earnings Update | 23 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 18
AMP: Capital Returns And Wealth Platform Expansion Will Support Future Upside
Analysts have maintained their fair value estimate for Ameriprise Financial at $540.82 per share, with only minor adjustments to inputs such as the discount rate and assumed future P/E. This supports an essentially unchanged price target rationale.Seeking Alpha • Jun 15
Ameriprise Financial: AI Cash Optimization Fears Create Opportunity (Upgrade)
Summary Ameriprise Financial has underperformed, but I see AI-driven fears over cash sweep revenue as overdone, given AMP’s diversified model. AMP’s Q1 earnings were strong, with $11.26 EPS, 9% revenue growth, and 150bps margin expansion, aided by robust AUM growth and advisor productivity. I expect 2026 EPS of $44–$45.50, up from prior estimates, as market gains and stable rates boost advisory and cash revenue. With shares at 10.2x earnings and a fair value estimate of $575–$600, I upgrade AMP to "Strong Buy" on compelling valuation and resilient fundamentals. Read the full article on Seeking AlphaNarrative Update • Jun 04
AMP: Capital Returns And AI Investments Will Support Future Upside Potential
Analysts have nudged their price target on Ameriprise Financial higher to $540.82, a move they link to updated assumptions around slightly softer revenue growth, a higher profit margin outlook, and a lower future P/E multiple. What's in the News Q1 2026 results: Ameriprise reported revenues of US$4.77b and earnings per share of US$11.26, with a 10.45% EPS surprise and 10.8% year over year revenue growth, while assets under administration reached about US$1.7t.
Narrative Update • May 21
AMP: Aggressive Buybacks Will Support Future Upside Despite Lower Revenue Assumptions
Analysts have raised their fair value estimate for Ameriprise Financial stock from $615 to $636, citing slightly revised assumptions related to discount rates, more conservative revenue growth, a modestly higher profit margin outlook, and a small adjustment in future P/E expectations. What's in the News From January 1, 2026 to March 31, 2026, Ameriprise Financial repurchased 1,600,000 shares, representing 1.75% of shares, for US$784 million under its ongoing buyback program.Narrative Update • May 02
AMP: Ongoing Buybacks And Higher Dividend Will Support Future Upside Potential
Analysts have trimmed their fair value estimate for Ameriprise Financial from about $570 to roughly $540, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E. These changes collectively point to a more restrained outlook for the shares.Narrative Update • Apr 17
AMP: Share Repurchases And Lower Future P/E Will Support Upside
Analysts have trimmed their fair value estimate for Ameriprise Financial to $615 from $660, citing updated assumptions that combine slightly lower revenue growth expectations with a fuller profit margin outlook and a reduced future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, Ameriprise Financial repurchased 1,880,581 shares for US$897.19 million, representing 2.02% of shares under its current buyback activity (Key Developments).Narrative Update • Apr 01
AMP: Ongoing Share Repurchases Will Support Future Earnings Power And Upside Potential
Analysts have kept their $570 price target on Ameriprise Financial unchanged, citing only very slight adjustments to assumptions such as the discount rate, long term revenue growth, profit margin, and future P/E that do not materially alter their valuation view. What's in the News From October 1, 2025 to December 31, 2025, Ameriprise Financial repurchased 1,880,581 shares, representing 2.02%, for US$897.19 million under its ongoing buyback program (Key Developments).Narrative Update • Mar 18
AMP: Share Repurchases Will Support Future Earnings Power And Upside Potential
Analysts have adjusted their price target for Ameriprise Financial to $570.0 from $538.6, reflecting updated assumptions that include a slightly lower discount rate, a modest change to revenue growth expectations, a higher profit margin outlook, and a slightly reduced future P/E estimate. What's in the News Ameriprise Financial reported that from October 1, 2025 to December 31, 2025, it repurchased 1,880,581 shares, representing 2.02% of shares, for a total of $897.19 million under its ongoing buyback program (Key Developments).Narrative Update • Mar 04
AMP: Lower Risk Assumptions And Compressed Future P/E Will Support Upside
Analysts have maintained their $660.00 price target for Ameriprise Financial, making small tweaks to assumptions such as a slightly lower discount rate, modestly adjusted revenue growth and profit margin expectations, and a lower future P/E. These refinements are intended to adjust the balance between risk and valuation rather than change it.Narrative Update • Feb 18
AMP: New Advisory Team And Improved Assumptions Will Support Upside
Analysts are maintaining their $660 price target for Ameriprise Financial, citing updated assumptions that reflect a slightly lower discount rate, modestly higher revenue growth and profit margin expectations, and a marginally lower future P/E. Together, these factors support their existing valuation view.Narrative Update • Feb 03
AMP: New Advisory Team And Higher Fair Value Will Support Upside
Analysts have nudged their price target on Ameriprise Financial up by $18 to $660, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. Together, these factors point to a slightly higher valuation framework.Narrative Update • Jan 20
AMP: Buybacks And New Advisory Team Will Support Future Upside
Analysts have raised their price target on Ameriprise Financial from $602 to $642, citing updated assumptions around revenue growth, profit margins, the discount rate, and future P/E as the key drivers behind the new valuation view. What's in the News Financial advisory practice Harpland Financial Management joined Ameriprise Financial's branch channel from Wells Fargo Clearing Services with more than $160 million in client assets, bringing a Houston based team that includes financial advisors Peter Horton, CFP, CEPA, and Serena Sneeringer, plus client service associate Micah Horton, AIF (Key Developments).Narrative Update • Jan 05
AMP: Share Repurchases And New Advisory Team Will Support Balanced Outlook
Analysts now estimate Ameriprise Financial’s fair value at about $538.60, up slightly from roughly $538.50, reflecting small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News Financial advisory practice Harpland Financial Management joined Ameriprise Financial’s branch channel from Wells Fargo Clearing Services with more than $160 million in client assets, adding advisors Peter Horton, Serena Sneeringer and client service associate Micah Horton to the Houston presence (Key Developments).Narrative Update • Dec 15
AMP: Share Repurchases And Advisory Expansion Will Support Measured Upside Potential
Analysts have modestly raised their price target on Ameriprise Financial to approximately $538.50 from about $532.18. This reflects slightly stronger revenue growth expectations, a marginally lower discount rate, and a higher anticipated future P/E multiple that more than offset a small downward revision to long term profit margins.Narrative Update • Nov 30
AMP: Share Buybacks and Net Margin Will Support Upside Opportunity
Ameriprise Financial's analyst price target has been slightly reduced by $1, reflecting analysts' reassessment of growth and profitability expectations. What's in the News Harpland Financial Management, with over $160 million in client assets, has joined Ameriprise Financial from Wells Fargo Clearing Services to take advantage of Ameriprise's technology and service support (Client Announcements).Narrative Update • Nov 16
AMP: Share Repurchases Will Drive Profitability Despite Softer Revenue Outlook
Analysts have lowered their price target for Ameriprise Financial from $547.91 to $533.18, citing slightly reduced revenue growth projections and a small uptick in the discount rate. This adjustment comes despite improved projected profit margins and a lower forward price-to-earnings ratio.Narrative Update • Nov 01
AMP: Banking Expansion Will Drive Greater Profitability And Future Opportunity
Analysts have slightly lowered their price target for Ameriprise Financial, reducing it by $2.36 to reflect updated expectations for growth and profitability. What's in the News ChoiceOne Bank has shifted its investment program to the Ameriprise Financial Institution Group (AFIG) from Osaic Institutions, Inc.Narrative Update • Oct 18
Technology And Banking Expansion Will Drive Future Success
Analysts have slightly lowered their price target for Ameriprise Financial from $551.82 to $550.27. They cited minor adjustments in growth and profitability expectations.Narrative Update • Oct 04
Technology And Banking Expansion Will Drive Future Success
Analysts have reduced their price target for Ameriprise Financial from $558.90 to $551.82. This change reflects modest adjustments to assumptions for profit margins, revenue growth, and future valuation multiples.Analysis Article • Jul 21
It's A Story Of Risk Vs Reward With Ameriprise Financial, Inc. (NYSE:AMP)
There wouldn't be many who think Ameriprise Financial, Inc.'s ( NYSE:AMP ) price-to-earnings (or "P/E") ratio of 17.3x...Seeking Alpha • Mar 13
Ameriprise Financial Q4: Record-Setting Results, Positive Momentum
Summary Ameriprise Financial, Inc. has a high-quality business model honed over 130 years. AMP just reported record setting Q4 2024 results, with EPS up +23% and AUM reaching $1.5 trillion, showcasing robust growth. The company has a best-in-class ROE of 52.7%, 19 years of dividend growth, and beats the S&P 500 benchmark over time. In this article, I outline the reasons why AMP is a “Buy” for long-term investors seeking capital appreciation. Read the full article on Seeking AlphaSeeking Alpha • Jan 06
Ameriprise Financial: Shares Fully Priced After A Stellar Run (Rating Downgrade)
Summary Ameriprise Financial has shown robust earnings growth, but shares appear fully valued after a 66% return over 15 months, prompting a hold rating. Despite strong Q3 results and impressive asset growth, future revenue and earnings growth are expected to slow, impacting valuation. Key risks include interest rate volatility, market weakness, and a shift towards passive investing, which could lower assets under management. Technically, AMP's chart is strong with support at $521 and $487, while resistance is near $577. The broad trend is bullish technically. Read the full article on Seeking AlphaSeeking Alpha • Oct 07
Ameriprise Financial: Advisor And Asset-Based Fees To Drive Further Growth While Costs Are Low
Summary Ameriprise Financial points to growth in advisors and assets managed, which should drive fees revenue as expense growth has been under 1%. A macro environment of Fed rate cuts should lower interest expenses, and the firm has seen declining debt and a debt-to-equity in line with key peers. Undervalued to peers, the firm also was able to grow positive cashflow and grow dividends steadily over 10 years. The downside risk is posed by the share price at a 10-year high, and being in a segment with stiff competition from big financial names. Read the full article on Seeking AlphaSeeking Alpha • Jul 25
Ameriprise Q2/H1 2024: A Repeat Of 2023?
Summary Ameriprise's revenue shows early signs of surpassing 2023 levels by a modest margin, while net income is currently trending well above the lows seen in 2023. Stock performance has varied relative to market conditions, with a focus on structured variable annuity products impacting expenses and investor conviction. In the present year, there are signs of product uptake diversification, which is an early encouraging sign. Read the full article on Seeking AlphaSeeking Alpha • May 29
Ameriprise Financial: Good Business Strategy, But Little Upside Ahead
Summary Ameriprise has an interesting business mix geared to advisory & wealth management. Its recent operating performance has been positive, supported by the wealth management segment. Despite this backdrop, its current valuation is fair compared to its history and peers. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Ameriprise Financial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 19,316 | 3,895 | 3,877 | 0 |
| 31 Dec 25 | 18,911 | 3,563 | 3,875 | 0 |
| 30 Sep 25 | 18,513 | 3,626 | 3,825 | 0 |
| 30 Jun 25 | 18,180 | 3,225 | 3,849 | 0 |
| 31 Mar 25 | 18,082 | 2,994 | 3,859 | 0 |
| 31 Dec 24 | 17,926 | 3,401 | 3,903 | 0 |
| 30 Sep 24 | 17,445 | 2,707 | 3,894 | 0 |
| 30 Jun 24 | 16,961 | 3,068 | 3,857 | 0 |
| 31 Mar 24 | 16,576 | 3,129 | 3,842 | 0 |
| 31 Dec 23 | 16,096 | 2,556 | 3,809 | 0 |
| 30 Sep 23 | 15,647 | 2,828 | 3,749 | 0 |
| 30 Jun 23 | 15,070 | 3,017 | 3,715 | 0 |
| 31 Mar 23 | 14,552 | 2,741 | 3,663 | 0 |
| 31 Dec 22 | 14,334 | 3,149 | 3,673 | 0 |
| 30 Sep 22 | 14,377 | 3,201 | 3,673 | 0 |
| 30 Jun 22 | 13,784 | 3,171 | 3,584 | 0 |
| 31 Mar 22 | 13,715 | 3,148 | 3,517 | 0 |
| 31 Dec 21 | 13,389 | 3,417 | 3,403 | 0 |
| 30 Sep 21 | 12,870 | 2,236 | 3,289 | 0 |
| 30 Jun 21 | 12,977 | 1,065 | 3,236 | 0 |
| 31 Mar 21 | 12,287 | -65 | 3,187 | 0 |
| 31 Dec 20 | 11,958 | 1,534 | 3,116 | 0 |
| 30 Sep 20 | 11,866 | 1,820 | 3,121 | 0 |
| 30 Jun 20 | 12,204 | 2,503 | 3,177 | 0 |
| 31 Mar 20 | 12,756 | 3,534 | 3,224 | 0 |
| 31 Dec 19 | 12,890 | 1,893 | 3,273 | 0 |
| 30 Sep 19 | 12,994 | 1,969 | 3,232 | 0 |
| 30 Jun 19 | 12,959 | 1,929 | 3,216 | 0 |
| 31 Mar 19 | 12,893 | 1,899 | 3,183 | 0 |
| 31 Dec 18 | 12,924 | 2,098 | 3,152 | 0 |
| 30 Sep 18 | 12,910 | 1,736 | 3,208 | 0 |
| 30 Jun 18 | 12,620 | 1,740 | 3,186 | 0 |
| 31 Mar 18 | 12,428 | 1,671 | 3,165 | 0 |
| 31 Dec 17 | 12,180 | 1,480 | 3,158 | 0 |
| 30 Sep 17 | 12,062 | 1,703 | 3,080 | 0 |
| 30 Jun 17 | 12,046 | 1,411 | 3,031 | 0 |
| 31 Mar 17 | 11,901 | 1,353 | 3,004 | 0 |
| 31 Dec 16 | 11,839 | 1,313 | 3,061 | 0 |
| 30 Sep 16 | 11,768 | 1,271 | 2,992 | 0 |
| 30 Jun 16 | 11,651 | 1,453 | 3,005 | 0 |
| 31 Mar 16 | 11,900 | 1,533 | 3,057 | 0 |
| 31 Dec 15 | 12,193 | 1,562 | 3,077 | 0 |
| 30 Sep 15 | 12,184 | 1,631 | 3,063 | 0 |
Quality Earnings: AMP has high quality earnings.
Growing Profit Margin: AMP's current net profit margins (20.2%) are higher than last year (16.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AMP has become profitable over the past 5 years, growing earnings by 12.7% per year.
Accelerating Growth: AMP's earnings growth over the past year (30.1%) exceeds its 5-year average (12.7% per year).
Earnings vs Industry: AMP earnings growth over the past year (30.1%) did not outperform the Capital Markets industry 38.3%.
Return on Equity
High ROE: AMP's Return on Equity (62.7%) is considered outstanding.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/16 21:45 |
| End of Day Share Price | 2026/07/16 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ameriprise Financial, Inc. is covered by 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Jay Gelb | Barclays |
| Brennan Hawken | BMO Capital Markets Equity Research |