Ameriprise Financial Inc AMP

FinancialsInvestment Banking & Investment ServicesUnited States of America

Last close 490.83 USD on Nov 1, 2026, +1.1% year to date

Quant rating

Quant rating B Rank 143 of 799 in Financials

Growth B 161 of 799
Valuation B 261 of 799
Quality A 30 of 799
Revisions B 236 of 799
Momentum D 601 of 799

Wall Street consensus Hold (2.53)Average target 546.91 USD +11.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 42.7B
Enterprise value: 72.7B
52-week range: 422.81 – 572.46
3-year range: 317.53 – 575.13
Dividend yield: 1.39%
Beta (5 years): 1.12
Shares outstanding: 87.0M
Next earnings: Jan 29, 2027

About the company

Ameriprise Financial, Inc. is a diversified financial services company. The Company’s segments include Advice & Wealth Management, Asset Management, Retirement & Protection Solutions and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through the Company’s advisors. The Asset Management segment provides investment management, advice and products to retail, high net worth and institutional clients on a global scale through the Columbia Threadneedle Investments brand. It provides institutional products and services through its institutional sales force. The Retirement & Protection Solutions segment includes retirement solutions (variable annuities and payout annuities) and protection solutions (life and disability income insurance). Retirement Solutions provides variable annuity products by RiverSource Life companies to individual clients.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	18,911	17,926	16,096	14,334	13,389	–
Revenue growth	5.5%	11.4%	12.3%	7.1%	12.0%	9.6%
EPS (basic, normalized)	39.29	34.35	28.86	23.96	22.70	–
EPS growth	14.4%	19.0%	20.5%	5.6%	–	–
Gross margin	52.7%	52.0%	52.5%	58.7%	59.0%	55.0%
Net margin	18.8%	19.0%	15.9%	22.0%	25.5%	20.2%
ROE	65.5%	71.0%	76.4%	57.0%	47.2%	63.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	9,274
Current ratio	–
Long-term debt (mil)	5,792
Net debt (mil)	30,035
Total equity (mil)	5,110
Net debt / equity	5.88x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	18,911	+5.5%	3.8x	71.76	+15.8%	6.8x	39.29	+14.4%	12.5x
2026	19,741	+4.4%	3.7x	82.66	+15.2%	5.9x	45.54	+15.9%	10.8x
2027	20,717	+4.9%	3.5x	99.16	+20.0%	4.9x	50.37	+10.6%	9.7x
2028	21,477	+3.7%	3.4x	118.11	+19.1%	4.2x	55.81	+10.8%	8.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	19,741	+0.2%	−0.7%	+2.0%	45.54	−0.3%	−1.9%	+3.6%
2027	20,717	−0.2%	−1.5%	+2.6%	50.37	−0.4%	−2.0%	+6.1%
2028	21,477	+0.1%	−2.2%	+1.2%	55.81	+2.9%	−1.6%	+6.3%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	4,100	4,171	4,345	4,463	4,309	4,335	4,733	4,916	4,812	4,940
Sales mean (mil)	4,121	4,216	4,308	4,450	4,399	4,328	4,528	4,738	4,739	4,790
Surprise	−0.5%	−1.1%	+0.9%	+0.3%	−2.1%	+0.2%	+4.5%	+3.8%	+1.5%	+3.1%
EPS reported	8.39	8.72	8.10	9.36	9.50	9.11	9.87	10.83	11.26	11.07
EPS mean	8.20	8.53	8.92	9.05	9.08	8.99	9.73	10.32	10.21	10.73
Surprise	+2.3%	+2.2%	−9.2%	+3.5%	+4.6%	+1.3%	+1.5%	+4.9%	+10.3%	+3.2%

Peer comparison Investment Banking & Investment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
AMP Ameriprise Financial Inc	42.7B	5.89x	18.8%	8.36x	10.8x	9.7x	11.9x	11.5x
BLK BlackRock, Inc.	186.1B	–	22.9%	3.09x	19.8x	17.6x	14.4x	12.7x
SCHW The Charles Schwab Corporation	152.3B	–	30.4%	3.03x	13.7x	11.3x	24.3x	20.6x
IBKR Interactive Brokers Group Inc	131.0B	9.69x	9.4%	5.61x	28.5x	23.1x	30.0x	24.6x
BX Blackstone Inc.	142.7B	2.66x	20.9%	10.19x	20.1x	16.2x	18.2x	14.6x
CME CME Group Inc.	108.5B	0.25x	33.6%	4.08x	24.4x	22.9x	21.7x	20.6x
Mean		4.62x	22.7%	5.73x	19.5x	16.8x	20.1x	17.4x
Median		4.27x	21.9%	4.84x	19.9x	16.9x	19.9x	17.6x

Technical analysis

1M−1.1%
3M−9.9%
1Y+2.6%
3Y+64.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Ameriprise Financial Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	18,911	17,926	16,096	14,334	13,389	11,958
Cost of revenue	8,950	8,601	7,643	5,918	5,484	6,568
Gross profit	9,961	9,325	8,453	8,416	7,905	5,390
Selling, general & administrative expenses	3,867	3,893	3,861	3,713	3,422	3,110
Research & development	–	–	–	–	–	–
Depreciation/amortization	8.0	10.0	10.0	10.0	13.0	10.0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	–	–	0
Other operating expenses	252	198	226	253	207	277
Operating income	5,834	5,224	4,356	4,440	4,263	1,993
Net interest income (expense)	−1,330	−957	−1,122	−509	−78.0	−162
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	4,504	4,267	3,234	3,931	4,185	1,831
Provision for taxes	941	866	678	782	768	297
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	3,563	3,401	2,556	3,149	3,417	1,534
Extraordinary items	–	–	–	–	–	–
Net income	3,563	3,401	2,556	3,149	3,417	1,534
EBIT, normalized	6,199	5,376	5,026	4,008	3,306	2,285
EBITDA, normalized	6,419	5,584	5,239	4,205	3,497	2,492
Basic EPS, normalized	39.29	34.35	28.86	23.96	22.70	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Ameriprise Financial Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	10,103	8,522	7,564	7,097	7,248	6,845
Receivables	14,950	14,503	15,106	15,615	16,222	7,835
Total inventory	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Other current assets	–	–	–	–	–	–
Total current assets	–	–	–	–	–	–
Property, plant & equipment	967	987	958	–	919	861
Goodwill	1,440	1,410	1,410	–	1,458	1,176
Intangibles	1,160	493	1,213	–	193	108
Long-term investments	61,024	58,810	57,588	46,878	37,994	42,949
Note receivable	–	–	–	–	–	–
Other long-term assets	126,313	119,703	114,022	111,974	135,346	120,789
Total assets	190,904	181,403	175,191	158,852	175,910	165,883
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	2,982	2,704	2,603	2,242	2,527	1,998
Accrued expenses	276	313	325	–	341	254
Short-term debt	33,950	36,027	37,522	30,976	20,427	17,841
Current portion of long-term debt	0	9.0	11.0	–	–	–
Other current liabilities	–	–	–	–	–	–
Total current liabilities	–	–	–	–	–	–
Long-term debt	5,662	5,262	5,543	5,184	4,996	4,744
Minority interest	–	–	–	–	–	–
Other liabilities	178,693	170,913	164,919	149,865	164,973	155,272
Total liabilities	184,355	176,175	170,462	155,049	169,969	160,016
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	3.0	3.0	3.0	3.0	3.0	3.0
Additional paid-in capital	10,377	10,141	9,824	9,517	9,220	8,822
Retained earnings (accumulated deficit)	27,662	24,713	21,905	19,918	17,525	15,292
Treasury stock	−30,601	−27,721	−25,237	−23,089	−21,066	−18,879
Other equity	−892	−1,908	−1,766	−2,546	259	629
Total equity	6,549	5,228	4,729	3,803	5,941	5,867
Total liabilities & shareholders' equity	190,904	181,403	175,191	158,852	175,910	165,883

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Ameriprise Financial Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	3,563	3,401	2,556	2,559	2,760	1,534
Depreciation, depletion & amortization	–	–	–	–	98.0	207
Deferred taxes	157	125	18.0	0	−83.0	13.0
Non-cash items	−251	−1,639	−519	611	−986	70.0
Changes in working capital	4,854	4,708	2,630	1,237	1,536	2,799
Cash from operations	8,323	6,595	4,685	4,407	3,325	4,623
Investing activities
Capital expenditures	−162	−176	−184	−182	−120	−147
Other investing cash flows	−1,366	−375	−9,078	−13,401	−4,260	−2,747
Cash from investing	−1,528	−551	−9,262	−13,583	−4,380	−2,894
Financing activities
Financing cash flow items	1,001	338	2,436	6,435	3,917	3,773
Cash dividends paid	−596	−574	−550	−534	−511	−497
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−5,562	−4,929	2,525	2,529	−1,683	−2,324
Cash from financing	−5,157	−5,165	4,411	8,430	1,723	952
Foreign exchange effects	31.0	−10.0	31.0	−68.0	−2.0	9.0
Net change in cash	1,669	869	−135	−814	666	2,690
Free cash flow	8,161	6,419	4,501	4,225	3,205	4,476

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.