01—Abstract
Summary
Summary of the 10-Q filed August 5, 2025. Cited figures are marked; the original filing is the authoritative source.
Ameriprise Financial, Inc. (AMP) reported strong financial results for the quarter ending June 29, 2025.
Total revenues increased by 2%a 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.
02—Key points
Key Highlights
- Total 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.
- Net income surged 28% to $1.06 billion for the three months ended June 30, 2025, from $829 million in the prior year period.
- Management and financial advice fees increased 6% to $2.60 billion, driven by growth in Advice & Wealth Management.
- Distribution expenses increased 10% to $1.596 billion, primarily due to higher advisor compensation.
- The company repurchased approximately 1.15 million shares of common stock during the second quarter of 2025.
- Assets Under Management, Administration and Advisement grew 9% to $1.58 trillion.
- Pretax income increased 29% to $1.35 billion, benefiting from favorable market impacts on long-duration products and higher equity markets.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ2 FY2025filed August 5, 2025Financial Statements
Q2 FY2025 against Q2 FY2024
| Line item | Q2 FY2025Q2 FY2024 | Change |
|---|---|---|
| Revenue | $4.49B$4.39B | +2.2% |
| Operating Expenses | $3.02B$3.17B | −4.6% |
| Net Income | $1.06B$829.00M | +27.9% |
| EPS (Basic) | $10.88$8.16 | +33.3% |
| EPS (Diluted) | $10.73$8.02 | +33.8% |
| Shares Outstanding (Basic) | 97.40M101.60M | −4.1% |
| Shares Outstanding (Diluted) | 98.80M103.40M | −4.4% |
05—Questions
Frequently Asked Questions
What were the primary drivers of Ameriprise Financial's revenue growth in the quarter?
Revenue growth was primarily driven by an increase in Management and financial advice fees, which rose by 6% to $2.60 billion. This was supported by market appreciation and continued net client inflows within the Advice & Wealth Management segment.
How did the company's profitability change compared to the previous year?
Profitability saw a significant improvement, with Net Income increasing by 28% to $1.06 billion for the quarter ended June 30, 2025. This was attributed to favorable market impacts on long-duration products and the overall benefit from higher average equity markets.
What is the company's stance on share repurchases?
Ameriprise Financial continued to return capital to shareholders through share repurchases. During the second quarter of 2025, the company repurchased approximately 1.15 million shares of its common stock. As of June 30, 2025, there was $4.2 billion remaining under its current share repurchase authorization.
06—Continue