Summary
Ameriprise Financial, Inc. (AMP) reported strong financial results for the quarter ending June 29, 2025. Total revenues increased by 2% year-over-year, driven by a 6% rise in management and financial advice fees, reflecting market appreciation and net client inflows in their Advice & Wealth Management segment. Net income saw a significant increase of 28% compared to the prior year, largely due to favorable market impacts on non-traditional long-duration products and a general benefit from higher average equity markets. The company also continued its share repurchase program, repurchasing approximately 1.15 million shares during the quarter. While distribution expenses saw an increase, driven by higher advisor compensation, overall expenses were managed effectively, leading to improved profitability.
Financial Highlights
30 data points| Revenue | $4.49B |
| Operating Expenses | $3.02B |
| Net Income | $1.06B |
| EPS (Basic) | $10.88 |
| EPS (Diluted) | $10.73 |
| Shares Outstanding (Basic) | 97.40M |
| Shares Outstanding (Diluted) | 98.80M |
Key Highlights
- 1Total revenues increased 2% to $4.49 billion for the three months ended June 30, 2025, compared to $4.39 billion in the prior year period.
- 2Net income surged 28% to $1.06 billion for the three months ended June 30, 2025, from $829 million in the prior year period.
- 3Management and financial advice fees increased 6% to $2.60 billion, driven by growth in Advice & Wealth Management.
- 4Distribution expenses increased 10% to $1.596 billion, primarily due to higher advisor compensation.
- 5The company repurchased approximately 1.15 million shares of common stock during the second quarter of 2025.
- 6Assets Under Management, Administration and Advisement grew 9% to $1.58 trillion.
- 7Pretax income increased 29% to $1.35 billion, benefiting from favorable market impacts on long-duration products and higher equity markets.