NYSE$AMP

Ameriprise Financial Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Ameriprise reported strong fourth quarter and full year 2025 results, with record adjusted operating earnings per diluted share and significant asset growth.

Ameriprise Financial delivered a record fourth quarter with adjusted operating earnings per diluted share increasing 16% to $10.83, driven by continued asset growth and expense discipline. Total net revenues grew 10% to $4.96 billion, and net income was $1.008 billion. The company also reported a strong adjusted operating return on equity of 53.2%.

  • Fourth quarter adjusted operating earnings per diluted share increased 16% to a record $10.83.
  • Total assets under management, administration, and advisement reached a record high of $1.7 trillion, up 11%.
  • Adjusted operating net revenues increased 10% to $4.9 billion, primarily from asset growth and strong client engagement.
  • The company increased its return of capital to shareholders to $1.1 billion, representing 101% of adjusted operating earnings in the quarter.

Headline financials

Total Revenue

$4.96B

Previous: $4.5B+10.2%
EPS (adj)

$10.83

Previous: $9.54+13.5%
Total AUM, Administration & Advisement

$1.69T

No prior period
AWM AUM

$666B

No prior period
Asset Management AUM & AUA

$721B

No prior period
Adjusted Operating ROE, ex AOCI

53.2%

Previous: 51.6%+3.1%
Pretax Adjusted Operating Margin

27.2%

Previous: 26.8%+1.5%
AWM Pretax Adjusted Operating Margin

29.3%

Previous: 29.0%+1.0%
Asset Management Net Pretax Adjusted Operating Margin

40.4%

Previous: 39.0%+3.6%
AWM Total Client Net Flows

$13.3B

Previous: $11.3B+18.4%
AWM Wrap Net Flows

$12.1B

Previous: $11.1B+8.8%
AWM Revenue Per Advisor (TTM)

$1.12B

Previous: $1.04B+8.2%
Asset Management Total Net AUM & AUA Flows

$1.9B

Previous: $1.3B+46.2%
Retirement & Protection Solutions Sales

$1.5B

No prior period
Net Income

$1.01B

Previous: $1.07B-5.9%
Operating Income

$1.04B

Previous: $1.35B-22.9%
Cash & Equivalents

$9.95B

No prior period
Total Assets

$191B

No prior period

Revenue & EPS history

Ameriprise · Revenue · Quarterly

$4.96B

Q4 2025+10.2%vs Q4 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Ameriprise · $4.11B total across 3 segments · Q3 2023

  • Advice & Wealth Management
    $2.41B+12.6%
  • Retirement & Protection Solutions
    $876M+11.5%
  • Asset Management
    $826M+0.4%

Forward guidance

The company anticipates continued growth driven by strong client activity, asset growth, and disciplined execution. They expect to maintain a best-in-class return on equity and continue to return capital to shareholders.

Tailwinds

  • Continued strong client activity and asset growth are expected to drive meaningful growth.
  • All-time highs for revenue, earnings, and EPS are anticipated to continue.
  • Return on equity is expected to remain best in class.
  • Strong capital position will enable increased return to shareholders.
  • Marketplace recognition and iconic company status are expected to enhance brand and client trust.

Headwinds

  • Unfavorable market impacts on derivatives and market risk benefits could affect GAAP results.
  • Fluctuations in interest rates and equity markets may impact financial performance.
  • Foreign exchange translation could negatively affect asset management results.
  • Higher life claim expenses or general and administrative expenses could impact Retirement & Protection Solutions earnings.
  • Changes in regulatory environment or competitive landscape could pose challenges.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.5%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+3.4%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+9.9%

Q1 2020

Best reaction

-8.0%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%+3.4%-1.5%
Q4 2025+4.3%+1.5%-3.3%
Q3 2025-0.3%+1.1%+0.4%
Q2 2025-2.1%-1.6%-3.2%
Q1 2025+0.5%-0.0%+6.9%
Q4 2024-4.2%-6.1%-6.0%
Q3 2024-3.0%-1.2%+10.1%
Q2 2024+4.8%+2.5%+4.3%
Q1 2024-2.2%-1.7%+5.0%
Q4 2023+0.9%+1.4%+5.0%
Q3 2023+0.9%+0.7%+12.1%
Q2 2023-1.7%-1.8%-5.8%
Q1 2023-7.7%-2.9%-6.7%
Q4 2022+1.9%+0.7%-0.4%
Q3 2022+7.7%+14.9%+22.4%
Q2 2022+4.3%+9.7%+15.3%
Q1 2022-5.5%-5.2%-5.3%
Q4 2021+1.7%+1.9%+1.4%
Q3 2021-0.6%+1.4%+1.5%
Q2 2021+0.3%+3.5%+9.6%
Q1 2021+3.0%+3.7%+2.6%
Q4 2020-2.2%-4.9%+4.7%
Q3 2020-0.8%+1.3%+17.5%
Q2 2020-1.3%+1.1%+3.1%
Q1 2020+9.9%+11.9%+40.5%
Q4 2019+3.3%+1.4%-14.4%
Q3 2019+5.0%+7.3%+12.2%
Q2 2019-1.4%+0.4%-16.5%
Q1 2019+0.1%+2.0%+1.1%
Q4 2018+4.3%+4.7%+8.9%
Q3 2018-7.9%-8.4%-7.2%
Q2 2018+1.6%+4.0%-2.8%
Q1 2018-0.7%-1.4%-1.1%
Q4 2017-2.9%-0.5%-10.1%
Q3 2017+1.9%+4.2%+3.5%
Q2 2017+5.2%+5.0%+0.6%
Q1 2017+1.9%-0.5%-5.2%
Q4 2016+5.0%+9.9%+18.5%
Q3 2016-8.0%-8.9%+16.0%
Q2 2016-0.8%-0.5%+1.2%
Q1 2016-2.1%
Q4 2015-5.9%
Q3 2015+1.6%
Q2 2015-1.1%
Q1 2015-2.4%
Q4 2014-0.6%
Q3 2014+4.4%
Q2 2014+1.6%
Q1 2014+5.8%
Q4 2013+1.9%
Q3 2013+1.9%
Q2 2013+1.1%
Q1 2013+2.0%
Q4 2012-1.6%
Q3 2012+3.3%
Q2 2012+4.7%
Q1 2012-1.9%
Q4 2011-0.5%
Q3 2011+4.5%
Q2 2011-0.4%
Q1 2011+1.8%
Q4 2007-1.2%
Q4 2010-1.2%
Q3 2010+1.3%
Q2 2010+1.4%
Q1 2009-4.2%
Q1 2010+2.0%
Q4 2009+1.0%
Q3 2008+5.1%
Q3 2009+5.1%
Q2 2008-1.1%
Q2 2009-1.1%
Q4 2008-1.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro