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Ameriprise Financial, Inc.

AMP Financial Asset Management

Ameriprise Financial, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.5 billion, up 7.04% from fiscal 2024.

Revenue
+6.80%
EPS
+31.7%
Free cash flow
−33.8%
Total debt
+1.90%

Quarter to September 2026, against a year earlier

507.07 2.25 −0.44%
Market cap
$44.2B
P/E
11.3×
Fwd P/E
10.8×
Dividend yield
1.30%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 65.26
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 4 — — 2 — 3 2 — — —
Insider Ownership 2.43%

Capital & Financial Ratios $m

Size
Market Cap 44,220.00
Revenue ttm 19,829.00
Net income ttm 4,162.00
Free cash flow ttm 7,333.00
Net debt Q (3,482.00)
Valuation
P/E 11.32
Forward P/E 10.80
Price / sales 2.32
Forward P/S Powerpack
Price / FCF 6.28
Price / book 9.01
Financial health
Current ratio Q 0.68
Debt / equity Q 1.13
Interest coverage Q 11.72
Growth
Revenue growth Q +6.80% (above 0%: growing)
Operating income growth Q +10.24% (above 0%: growing)
EPS, this year +17.41% (at or above 15%: strong)
EPS, next year A +11.83%
Revenue, next year A +8.24%
EPS, past 5 yrs +24.35% (at or above 15%: strong)
EPS, next 5 yrs A +13.64%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 32.55%
10-year low 10-year high
P/S against its own 10 years 59.04%
10-year low 10-year high
P/B against its own 10 years 85.92%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.30%
Annual rate
6.60
Payout ratio
14.9%
Growth, 2017–25
+8.62%/yr
  1. 3.24 ’17
  2. 3.53 ’18 +9
  3. 3.81 ’19 +8
  4. 4.09 ’20 +7
  5. 4.43 ’21 +8
  6. 4.88 ’22 +10
  7. 5.30 ’23 +9
  8. 5.79 ’24 +9
  9. 6.28 ’25 +8
  10. 6.70 ’26e +7
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 7,564 8,522 10,103 9,274
Receivables 15,106 14,503 14,950 15,718
Inventory — — — —
Other — — — —
22,670 23,025 25,053 24,992
2023 2024 2025 Q'26
Payables 2,603 2,704 2,982 3,091
ST’ Debt — — — —
Other 37,321 35,826 33,750 33,317
40,125 38,731 36,932 36,608

Compound Annual Growth %

10y 5y 3y
Sales 4.27% 9.20% 9.03%
Cash Flow 11.95% 12.48% 23.61%
Earnings 8.60% 18.36% 4.20%
Book Value (2.43%) 2.22% 19.86%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 11.60 Actual 12.07

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 10.29 10.83 Beat by 0.54
Q1 FY26 10.20 11.26 Beat by 1.06
Q2 FY26 10.72 11.07 Beat by 0.35
Q3 FY26 11.60 12.07 Beat by 0.47
Q4 FY26 12.22 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 9.68 11.98 12.32 — —
’25 5.83 10.73 9.33 10.47 36.28
’24 9.46 8.02 5.00 10.58 33.05
’23 3.79 8.21 8.14 3.57 23.71
’22 6.55 6.61 9.41 4.43 27.70
’21 3.58 4.88 8.65 11.37 28.48
’20 15.88 (4.31) (1.14) 1.43 12.20
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 4,812 4,940 5,117 — —
’25 4,354 4,375 4,791 4,960 18,480
’24 4,146 4,220 4,397 4,501 17,264
’23 3,742 3,876 3,925 3,992 15,535
’22 3,625 3,486 3,484 3,663 14,258
’21 3,350 3,418 2,903 3,706 13,377
’20 3,001 2,712 3,003 3,183 11,899
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 459 2,886 1,471 — —
’25 1,686 1,764 2,204 2,669 8,323
’24 1,444 1,720 3,048 383 6,595
’23 1,056 561 925 2,143 4,685
’22 409 1,409 1,372 1,217 4,407
’21 (1,000) 1,931 843 1,551 3,325
’20 4,893 (190) 936 (1,016) 4,623
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 430 2,849 1,429 — —
’25 1,650 1,726 2,160 2,625 8,161
’24 1,392 1,703 2,999 325 6,419
’23 1,015 518 875 2,093 4,501
’22 365 1,369 1,330 1,161 4,225
’21 (1,022) 1,898 812 1,517 3,205
’20 4,864 (223) 891 (1,056) 4,476
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 24.2% a year for ten years. It grew 9.2% a year over the last ten.

Implied
24.2%
10 years, reported
9.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 11,800 12,132 12,835 12,967 11,899 13,377 14,258 15,535 17,264 18,480 19,829 +5.1% 20,003 21,213 21,834 +5.7%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 1,591 2,214 2,484 2,232 1,831 4,185 3,931 3,234 4,267 4,504 5,305 +12.3%
EBT margin, % 13.48 18.25 19.35 17.21 15.39 31.29 27.57 20.82 24.72 24.37 26.75 +10.9 pt
Net income 1,313 1,480 2,098 1,893 1,534 3,417 3,149 2,556 3,401 3,563 4,162 +11.7%
Per share, $
Per share, $ Revenue 70.96 78.73 88.15 96.70 96.11 114.04 128.10 146.97 170.93 191.11 219.59 +11.6%
Earnings 7.90 9.60 14.41 14.12 12.39 29.13 28.29 24.18 33.67 36.85 45.03 +18.7%
Cash flow 14.02 9.88 17.84 17.46 37.34 28.35 39.60 44.32 65.30 86.07 82.89 +22.3%
Capex (0.55) (1.05) (1.11) (1.07) (1.19) (1.02) (1.64) (1.74) (1.74) (1.68) (1.68) +13.1%
Free cash flow 13.46 8.83 16.72 16.39 36.16 27.32 37.96 42.58 63.55 84.40 81.21 +22.6%
Book value 37.84 38.90 38.38 42.72 47.39 50.65 34.17 44.74 51.76 67.72 56.59 +6.7%
Shares, m 166 154 146 134 124 117 111 106 101 97 93 (5.8%)
Valuation, ×
Valuation, × P/E 14.16 17.74 7.25 11.78 16.03 10.35 11.27 15.68 15.81 13.29 11.32 13.3
P/S 1.58 2.16 1.18 1.72 2.02 2.65 2.43 2.58 3.11 2.57 2.32 2.2
P/B 2.96 4.37 2.72 3.90 4.10 5.96 9.09 8.47 10.29 7.24 9.01 5.9
EV/Sales 1.81 2.36 1.30 1.79 1.85 2.48 2.29 2.45 2.93 2.33 — 2.2
EV/FCF 9.54 21.06 6.86 10.57 4.91 10.34 7.73 8.45 7.87 5.27 — 9.3
Cash, $m
Cash, $m Operating cash flow 2,331 1,523 2,597 2,341 4,623 3,325 4,407 4,685 6,595 8,323 7,485 +15.2%
Capex (92) (162) (162) (143) (147) (120) (182) (184) (176) (162) (152) +6.5%
Free cash flow 2,239 1,361 2,435 2,198 4,476 3,205 4,225 4,501 6,419 8,161 7,333 +15.5%
Balance, $m
Balance, $m Working capital (4,167) (4,071) (4,326) (5,478) (5,159) 516 (10,506) (17,455) (15,706) (11,879) (11,616) +12.3%
Net debt 2,750 2,477 1,513 898 (2,101) (2,252) (1,913) (2,010) (3,251) (4,441) (3,482) n/m
Shareholders’ equity 6,292 5,995 5,588 5,729 5,867 5,941 3,803 4,729 5,228 6,549 5,110 +0.4%
Returns, %
Returns, % ROA 0.92 1.03 1.47 1.31 0.97 2.00 1.88 1.53 1.91 1.91 2.18 +1.0 pt
ROIC 12.66 17.86 24.02 23.07 33.08 71.34 146.86 99.67 163.76 173.27 239.21 +160.6 pt
ROE 17.90 24.09 36.23 33.45 26.46 57.88 64.63 59.92 68.31 60.51 71.98 +42.6 pt
People
People Employees 13,000 13,000 14,000 12,500 12,300 12,000 13,500 13,800 13,600 13,600 — +0.5%
Revenue/emp, $m 0.91 0.93 0.92 1.04 0.97 1.11 1.06 1.13 1.27 1.36 — +4.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Ameriprise Financial is a financial services company that helps individuals and institutions plan, invest and manage assets. Founded in 1894, it is headquartered in Minneapolis and led by chief executive James Cracchiolo. Ameriprise is a holding company that conducts most of its business through subsidiaries.

Its wealth management business connects clients with financial advisors who provide planning, investment advice and brokerage services. Advisors also offer banking and cash management products, including savings accounts and loans. Clients can choose products supplied by Ameriprise or by other companies. The advisor network includes independent franchisees, employees and advisors based at banks and credit unions.

Ameriprise Financial, Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BAM Brookfield Asset Management Ltd. $85.9B 30.3× 22.8× +60.83% (above 0%: growing) +47.37% (above 0%: growing) +3.02% (above 0%: growing) 100.00% 65.83% Compare
APO Apollo Global Management Inc. $69.3B — (loss-making) 14.4× −51.76% (below 0%: shrinking) n/m +128.29% (above 0%: growing) 100.00% (29.25%) Compare
STT State Street Corporation $45.0B 13.3× 12.6× +5.36% (above 0%: growing) +32.86% (above 0%: growing) −75.12% (below 0%: shrinking) 66.12% 0.00% Compare
AMP Ameriprise Financial, Inc. $44.2B 11.3× 10.8× +6.80% (above 0%: growing) +31.68% (above 0%: growing) −33.84% (below 0%: shrinking) 100.00% 35.49%
ARES Ares Management Corporation $44.2B 69.2× 22.4× −13.53% (below 0%: shrinking) −21.50% (below 0%: shrinking) −197.89% (below 0%: shrinking) 100.00% 19.87% Compare
RJF Raymond James Financial, Inc. $31.7B 13.6× 13.5× +13.10% (above 0%: growing) +14.42% (above 0%: growing) −148.58% (below 0%: shrinking) 100.00% 27.94% Compare
NTRS Northern Trust Corporation $31.0B 13.4× 12.6× +3.27% (above 0%: growing) +48.70% (above 0%: growing) +366.41% (above 0%: growing) 62.08% 0.00% Compare
PFG Principal Financial Group, Inc. $24.0B 12.6× 12.2× +25.39% (above 0%: growing) +190.78% (above 0%: growing) +51.01% (above 0%: growing) 49.13% 18.17% Compare
TROW T. Rowe Price Group, Inc. $23.2B 11.0× 9.8× +5.88% (above 0%: growing) −3.12% (below 0%: shrinking) −13.81% (below 0%: shrinking) 100.00% 38.40% Compare
Median of peers $37.9B 13.4× 13.1× +5.62% +32.86% −5.39% 100.00% 19.02%

All 121 Asset Management stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Morgan Stanley Oct 3, 2026 Target raised Underperform —
Argus Oct 3, 2026 Target raised — —
Jefferies Oct 3, 2026 Target raised — —
Raymond James Oct 3, 2026 Target raised — —

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 83.98%
Held by the ten largest 40.99%
Holder Shares Stake Change
Vanguard 12.03m 13.62% −118.04k
BlackRock 7.94m 8.98% −690.81k
State Street 4.67m 5.29% +80.16k
Geode Capital Management 2.76m 3.12% −117.39k
Morgan Stanley 1.74m 1.97% −265.90k
Goldman Sachs 1.64m 1.86% +183.27k
UBS 1.63m 1.84% −334.06k
AQR Capital Management 1.32m 1.50% −149.88k
Norges Bank 1.29m 1.46% +1.29m
Boston Partners 1.19m 1.35% +36.42k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 20 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 30.83m 33.08m 272.00
2024 28.14m 55.94m 292.00
2023 28.38m 48.62m 205.00
2022 22.85m 34.99m 166.00
2021 21.23m 63.51m 158.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Ameriprise Financial, Inc. (AMP) Latest News

2 Nov

Impact 3 · · StockStory

30 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

29 Oct

Impact 4 · · MarketBeat
Impact 4 · · Simply Wall St.
Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Associated Press
Impact 3 · · Business Wire

28 Oct

Impact 3 · · StockStory

27 Oct

Impact 3 · · Zacks

26 Oct

Impact 3 · · Zacks

22 Oct

Impact 3 · · PR Newswire

19 Oct

Impact 4 · · Investing.com
Impact 3 · · wealthmanagement.com
Impact 3 · · MT Newswires

15 Oct

Impact 4 · · Business Wire

12 Oct

Impact 3 · · Barchart

10 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

9 Oct

Impact 4 · · Simply Wall St.

8 Oct

Impact 3 · · Zacks

6 Oct

Impact 3 · · Business Wire

3 Oct

Impact 3 · · Simply Wall St.

30 Sep

Impact 4 · · Zacks

29 Sep

Impact 3 · · Business Wire

AMP metrics, ten years each

stockrow.com/AMP · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com