Ameriprise Financial, Inc.

AMP · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000
Valuation
Market cap	$45,555	$51,653	$38,437	$33,135	$33,753	$21,744	$18,639	$11,678	$25,070	$17,534	$18,529	$25,339	$23,378	$13,697	$11,983	$14,810	$9,402	$5,223	$13,017	$13,434	$10,131	–	–	$9,112	$9,112	$9,112
Enterprise value	$40,259	$47,636	$35,572	$29,765	$29,380	$17,785	$17,352	$10,606	$25,223	$20,652	$27,783	$34,011	$30,742	$19,831	$17,983	$20,758	($27,817)	$1,311	$11,199	$12,918	$9,559	–	–	$9,232	$9,232	–
P/E (TTM) at period end	12.79×	15.19×	15.04×	10.52×	9.88×	14.17×	9.85×	5.57×	16.94×	13.35×	11.86×	15.65×	17.52×	13.31×	10.74×	14.97×	13.02×	–	15.99×	21.29×	17.65×	–	–	13.52×	104.73×	8.89×
P/S (TTM) at period end	2.41×	2.88×	2.39×	2.31×	2.52×	1.82×	1.42×	0.90×	2.06×	1.48×	1.52×	2.06×	2.08×	1.34×	1.17×	1.55×	1.25×	0.74×	1.49×	1.65×	1.35×	–	–	–	–	–
P/B at period end	6.96×	9.88×	8.13×	8.71×	6.98×	3.55×	3.15×	2.09×	4.18×	2.79×	2.58×	3.12×	2.85×	1.51×	1.33×	1.38×	1.01×	0.85×	1.67×	1.70×	1.32×	–	–	1.41×	1.62×	1.97×
EV / EBITDA (TTM)	7.78×	9.42×	9.02×	7.15×	6.55×	7.87×	6.80×	3.52×	9.33×	9.75×	9.90×	10.77×	12.19×	11.13×	9.67×	9.87×	(22.47×)	0.77×	7.26×	9.29×	5.14×	–	–	–	–	–
EV / Sales (TTM)	2.13×	2.66×	2.21×	2.08×	2.19×	1.49×	1.32×	0.82×	2.07×	1.74×	2.28×	2.77×	2.74×	1.93×	1.76×	2.17×	(3.69×)	0.18×	1.28×	1.59×	1.27×	–	–	–	–	–
Returns
Return on equity	54.4%	65.1%	54.0%	82.8%	70.6%	25.0%	32.0%	37.5%	24.7%	20.9%	21.7%	19.9%	16.3%	11.3%	12.4%	9.2%	7.8%	(0.6%)	10.4%	8.0%	7.5%	12.9%	9.9%	10.4%	1.5%	22.1%
Return on invested capital	332.8%	343.2%	173.8%	777.9%	772.1%	90.1%	45.2%	52.7%	26.8%	16.4%	12.3%	13.6%	11.0%	7.5%	8.5%	10.7%	11.5%	4.3%	15.8%	12.6%	11.9%	13.7%	9.0%	9.6%	1.6%	22.1%
Dividend yield	1.3%	1.1%	1.4%	1.6%	1.5%	2.3%	2.7%	4.3%	2.0%	2.7%	2.5%	1.7%	1.7%	2.2%	1.8%	1.2%	1.7%	2.7%	1.0%	0.8%	0.8%	–	–	–	–	–
Financial health
Current ratio	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.23×	1.23×	1.17×	0.88×	0.68×	0.47×	–	–	–	–
Debt / equity	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.20×	0.33×	0.26×	0.28×	0.25×	0.06×	0.06×	0.02×	0.02×	–
Effective tax rate	20.9%	20.3%	21.0%	19.9%	18.4%	16.2%	15.2%	15.5%	33.2%	17.5%	21.2%	21.4%	25.0%	27.1%	27.2%	17.9%	20.0%	78.4%	20.0%	19.3%	25.1%	25.8%	–	–	–	–
Share count
Diluted shares outstanding	98	103	108	114	120	126	136	148	157	168	184	195	207	223	246	262	244	225	240	248	247	247	246	246	246	246

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000
Revenue and gross profit
Revenue	$19,839	$18,911	$17,926	$16,096	$14,334	$13,389	$11,958	$13,103	$12,924	$12,180	$11,839	$12,200	$12,296	$11,230	$10,259	$10,239	$9,582	$7,538	$7,097	$8,755	$8,142	$7,505	$7,029	–	–	–	–
Cost of revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($4,788)	($2,526)	($2,916)	($2,822)	–	–	–	–
Gross profit	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	$4,126	$5,616	$4,589	$4,207	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($3,932)	($3,875)	($3,903)	($3,871)	($3,723)	($3,435)	($3,120)	($3,287)	($3,171)	($3,158)	($3,084)	($3,082)	($3,095)	($3,056)	($3,096)	($3,010)	($2,845)	($2,434)	($2,472)	($2,562)	–	–	–	–	–	–	–
Total operating expenses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($2,869)	($4,391)	($3,457)	($3,093)	–	–	–	–
Total costs and expenses	($13,951)	($13,640)	($12,712)	($11,997)	($10,129)	($9,001)	($9,906)	($10,734)	($10,106)	($9,711)	($9,968)	($9,641)	($9,393)	($8,948)	($8,703)	($8,490)	($7,588)	($6,420)	($6,646)	($7,498)	($6,917)	($6,373)	($5,915)	$694	$632	$91	$1,025
Operating income	$5,888	$5,271	$5,214	$4,099	$4,205	$4,388	$2,052	$2,369	$2,818	$2,469	$1,871	$2,559	$2,903	$2,282	$1,556	$1,749	$1,994	$1,118	$451	$1,257	$1,225	$1,132	$1,114	$694	$632	$91	$1,025
Earnings
EBITDA	$5,835	$5,178	$5,055	$3,945	$4,165	$4,486	$2,259	$2,552	$3,016	$2,703	$2,119	$2,807	$3,157	$2,521	$1,781	$1,859	$2,104	$1,238	$1,707	$1,542	$1,391	$1,858	$1,874	–	–	–	–
Interest income	$3,554	$3,575	$3,704	$3,211	$1,476	$1,702	$1,161	$1,378	$1,353	$1,349	$1,368	$1,403	$1,479	$1,575	$1,768	$1,917	$1,946	$1,878	$2,053	$2,078	$2,154	–	–	–	–	–	–
Interest expense	($664)	($757)	($991)	($885)	($274)	($203)	($221)	($350)	($334)	($255)	($280)	($417)	($356)	($312)	($318)	($364)	($360)	($135)	($109)	($112)	($116)	–	–	–	–	–	–
Pre-tax income	$5,052	$4,504	$4,267	$3,234	$3,931	$4,185	$1,831	$2,232	$2,484	$2,214	$1,591	$2,142	$2,547	$1,970	$1,238	$1,385	$1,634	$920	($425)	$1,008	$862	$745	$1,112	$694	$632	$91	$1,025
Income tax expense	($1,104)	($941)	($866)	($678)	($782)	($768)	($297)	($339)	($386)	($734)	($278)	($455)	($545)	($492)	($335)	($377)	($293)	($184)	$333	($202)	($166)	($187)	($287)	–	–	–	–
Net income	$3,948	$3,563	$3,401	$2,556	$3,149	$3,417	$1,534	$1,893	$2,098	$1,480	$1,313	$1,562	$1,619	$1,334	$1,029	$1,116	$1,097	$722	($36)	$814	$631	$574	$865	$725	$674	$87	$1,025
Per share
Diluted EPS (GAAP)	$41.46	$36.28	$33.05	$23.71	$27.70	$28.48	$12.20	$13.92	$14.20	$9.44	$7.81	$8.48	$8.30	$6.44	$4.62	$4.53	$3.77	$2.95	($0.16)	$3.39	$2.54	$2.32	$3.22	$2.95	$2.74	$0.35	$4.16
Basic EPS (GAAP)	$42.03	$36.85	$33.67	$24.18	$28.29	$29.13	$12.39	$14.12	$14.41	$9.60	$7.90	$8.60	$8.45	$6.56	$4.70	$4.62	$3.84	$2.98	($0.16)	$3.45	$2.56	$2.32	$3.22	$2.95	$2.74	$0.35	$4.16
Basic shares outstanding	94	97	101	106	111	117	124	134	146	154	166	182	192	203	219	241	257	242	222	236	246	247	247	246	246	246	246
Margins
Gross margin	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	47.1%	69.0%	61.1%	59.9%	–	–	–	–
Operating margin	29.7%	27.9%	29.1%	25.5%	29.3%	32.8%	17.2%	18.1%	21.8%	20.3%	15.8%	21.0%	23.6%	20.3%	15.2%	17.1%	20.8%	14.8%	6.4%	14.4%	15.0%	15.1%	15.8%	–	–	–	–
Net margin	19.9%	18.8%	19.0%	15.9%	22.0%	25.5%	12.8%	14.4%	16.2%	12.2%	11.1%	12.8%	13.2%	11.9%	10.0%	10.9%	11.4%	9.6%	(0.5%)	9.3%	7.7%	7.6%	12.3%	–	–	–	–

Analyst consensus

Hold22 analysts

Bearish · 2 · Hold · 10 · Bullish · 10

Earnings history

	EPS	Estimate
Q3 2024	$8.83	$8.93	Miss
Q4 2024	$9.36	$9.05	Beat
Q1 2025	$9.50	$9.08	Beat
Q2 2025	$9.11	$9.00	Beat
Q3 2025	$9.92	$9.77	Beat
Q4 2025	$10.83	$10.34	Beat
Q1 2026	$11.26	$10.21	Beat
Q2 2026	$11.07	$10.81	Beat

Peers

Company overview

IPO dateSep 15, 2005

CEOJames Michael Cracchiolo

Employees13,600

SectorFinancial Services

IndustryAsset Management

CountryUS

ExchangeNew York Stock Exchange

Websitewww.ameriprise.com

Ameriprise Financial, Inc. is a holding company, which engages in providing financial planning, asset management, and insurance services to individuals, businesses, and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment consists of financial planning and advice, as well as full-service brokerage services for retail clients through financial advisors. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through Columbia Threadneedle. The Retirement & Protection Solutions segment refers to RiverSource solutions, which includes clients annuities, life insurance, and disability income insurance products. The Corporate & Other segment handles closed blocks of business and net investment income or loss on corporate level assets, including excess capital held in subsidiaries. The company was founded by John Tappan in 1894 and is headquartered in Minneapolis, MN.

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