Skip to content
AnalystLens

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 23, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 23, 2026
Period End
April 23, 2026
Security
AMP
In the record · 2016–202610-K1210-Q328-K88

AMP filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 88 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’17Oct ’17
  2. Material agreement8-K · Apr ’20Apr ’20
  3. Leadership change8-K · Sep ’22Sep ’22
  4. Leadership change8-K · Feb ’25Feb ’25

01—Abstract

Summary

Summary of the 8-K filed April 23, 2026. Cited figures are marked; the original filing is the authoritative source.

Ameriprise Financial (AMP) reported first quarter 2026 results on April 23, 2026, with adjusted operating earnings per diluted share rising 19% to a record $11.26a (vs. $9.50) and GAAP EPS of $9.68 (vs. $5.83).

Adjusted operating net revenues grew 11% to $4.8 billionb, driven by asset growth, and pretax adjusted operating margin was 28%. Total assets under management, administration and advisement reached $1.67 trillion, up 12% year over year, while adjusted operating ROE excluding AOCI was 54.3% on a trailing twelve-month basis. The GAAP-to-adjusted gap was mainly market impacts on derivatives and market risk benefits, which hit GAAP results in the quarter but were less unfavorable than in the prior-year period.

The core wealth management engine was strong. Advice & Wealth Management pretax adjusted operating earnings rose 20% to $951 millionc, with margin up 150 basis points to 30.0%. That figure includes a $25 million one-time benefit from the termination of the Comerica Bank relationship, so underlying core distribution earnings growth was in the mid-30% range per management.

Asset Management earnings rose 13% and net outflows narrowed to $5.9 billiond from $18.3 billion, though client net flows in wealth management slowed sharply to $4.2 billion from $10.3 billion, with management citing elevated advisor departures including Comerica advisors. Retirement & Protection Solutions earnings fell 12% to $190 million on higher distribution expenses tied to strong sales. Capital return remained a central theme: the company returned $936 million (88% of operating earnings) in the quarter, including $784 million of buybacks, and raised its quarterly dividend 6%.

Diluted share count fell 5.5% year over year to 94.5 million, which supports per-share growth. Total equity declined to $6.2 billion from $6.5 billion at year-end, largely due to a $603 million increase in treasury stock and higher AOCI losses, and the debt-to-capital ratio rose to 33.1% from 32.0% at December 31, 2025. The filing is an earnings release furnished under Item 2.02 and is not an audited financial statement, and results remain subject to the Form 10-Q.

02—Key points

Key Highlights

  1. Record adjusted operating EPS of $11.26, up 19% year over year; GAAP EPS of $9.68 up 66%, reflecting smaller unfavorable market impacts on derivatives and market risk benefits than in Q1 2025.
  2. Adjusted operating net revenues rose 11% to $4.8 billion, and total AUM, AUA and AUM&A reached $1.67 trillion, up 12%.
  3. Advice & Wealth Management pretax adjusted operating earnings grew 20% to $951 million at a 30.0% margin, including a $25 million one-time benefit from the Comerica Bank relationship termination.
  4. Client net flows slowed to $4.2 billion from $10.3 billion year over year, driven by elevated advisor departures, including Comerica advisors, partially offset by strong organic activity.
  5. Asset Management earnings rose 13% to $273 million, and net outflows improved to $5.9 billion from $18.3 billion, with institutional outflows down to $1.2 billion from $11.5 billion.
  6. Retirement & Protection Solutions pretax adjusted operating earnings fell 12% to $190 million on higher distribution expenses tied to a 10% sales increase to $1.3 billion.
  7. Returned $936 million to shareholders (88% of operating earnings) and raised the quarterly dividend 6%; diluted shares declined 5% year over year to 94.5 million.

03—Questions

Frequently Asked Questions

  1. Why did GAAP EPS rise so much more than adjusted EPS?

    GAAP EPS of $9.68 benefited from a smaller unfavorable market impact on non-traditional long-duration products, which was a $184 million pretax adjustment in Q1 2026 versus $460 million in Q1 2025. Because those market-driven swings are excluded from adjusted results, the GAAP-to-adjusted gap narrowed, and the GAAP growth rate (66%) looks higher than the adjusted growth rate (19%) for that reason.

  2. How much of the Advice & Wealth Management earnings growth is one-time?

    Pretax adjusted operating earnings included a $25 million benefit from the termination of the Comerica Bank relationship. Excluding that, management said core distribution earnings grew in the mid-30% range, while spread earnings were essentially flat, so the underlying growth is strong but somewhat smaller than the headline 20%.

  3. Is the slowdown in client flows a concern?

    Total client net flows fell 59% to $4.2 billion, and wrap net flows fell 31% to $6.0 billion. Management attributed the decline to elevated advisor departures, including an acceleration of Comerica advisors, while noting underlying organic activity was strong. Investors should watch whether departures moderate, since flows drive future fee-based revenue.

  4. How is the balance sheet and capital position changing?

    Total equity fell to $6.2 billion from $6.5 billion at year-end, mainly due to a $603 million increase in treasury stock from buybacks and a larger AOCI loss. The debt-to-capital ratio rose to 33.1% from 32.0%, though it is well below the 39.8% level a year earlier. Management continues to emphasize high returns on equity, which were 54.3% on an adjusted operating basis (trailing twelve months, ex-AOCI).

04—Continue

← View all 8-K filings