01—Abstract
Summary
Summary of the 10-Q filed August 4, 2026. Cited figures are marked; the original filing is the authoritative source.
Ameriprise Financial, Inc. reported solid financial results for the second quarter and the first half of 2026.
Total revenues grew to $5.01 billiona for the quarter and $9.90 billion for the six months, up 12% and 10% respectively, year-over-year. This growth was primarily driven by increases in management and financial advice fees, reflecting strong market appreciation and net inflows in Advice & Wealth Management, as well as growth in Asset Management. Net income also saw a substantial increase, reaching $1.11 billion for the quarter and $2.03 billion for the six months, up 5% and 23% respectively.
The company's Advice & Wealth Management segment showed robust performance with a 16%b increase in adjusted operating earnings for the quarter and an 18% increase for the six months, driven by market appreciation and net inflows. The Asset Management segment also delivered strong results with a 23% increase in quarterly adjusted operating earnings and an 18% increase for the six months, benefiting from market appreciation and solid performance in its Seligman strategies.
The Retirement & Protection Solutions segment experienced a slight decline in adjusted operating earnings, primarily due to variable annuity net outflows and higher sales volumes, though net investment income saw a notable increase. Overall, the company demonstrates continued growth and profitability, supported by favorable market conditions and effective business strategies.
02—Key points
Key Highlights
- Total revenues increased 12% year-over-year to $5.01 billion for Q2 2026 and 10% to $9.90 billion for the first six months of 2026.
- Net income rose 5% year-over-year to $1.11 billion for Q2 2026 and 23% to $2.03 billion for the first six months of 2026.
- Advice & Wealth Management segment adjusted operating earnings increased by 16% year-over-year for Q2 2026, driven by market appreciation and net inflows.
- Asset Management segment adjusted operating earnings increased by 23% year-over-year for Q2 2026, benefiting from market appreciation and strong performance in Seligman strategies.
- Total Assets Under Management, Administration and Advisement grew 14% to $1.81 trillion as of June 30, 2026, compared to the prior year period.
- Distribution expenses increased significantly, particularly in Advice & Wealth Management, reflecting higher advisor compensation and transactional activity.
- The company repurchased approximately 1.67 million shares of common stock under its share repurchase program during Q2 2026.
03—Questions
Frequently Asked Questions
What was the year-over-year revenue growth for Ameriprise Financial?
Total revenues increased by 12% to $5.01 billion for the three months ended June 30, 2026, and by 10% to $9.90 billion for the six months ended June 30, 2026, compared to the same periods in 2025.
How did the Advice & Wealth Management segment perform?
The Advice & Wealth Management segment reported a 16% increase in pretax adjusted operating earnings for Q2 2026 compared to the prior year, reaching $939 million. This growth was primarily driven by market appreciation, client net inflows, and higher transactional revenue.
What is the company's current Assets Under Management, Administration and Advisement (AUMAA)?
As of June 30, 2026, Ameriprise Financial's Total Assets Under Management, Administration and Advisement grew 14% year-over-year to $1.81 trillion.
What are the key drivers for the increase in Distribution Expenses?
Distribution expenses saw a significant increase, particularly in the Advice & Wealth Management segment, primarily due to higher advisor compensation resulting from increased average wrap account assets and higher transactional activity.
Has Ameriprise Financial continued its share repurchase program?
Yes, Ameriprise Financial continued its share repurchase program. During the second quarter of 2026, the company repurchased approximately 1.67 million shares of its common stock under its publicly announced plan.
04—Continue