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

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 23, 2026
Period End
July 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 July 23, 2026. Cited figures are marked; the original filing is the authoritative source.

Ameriprise Financial (AMP) reported strong second-quarter 2026 results, furnished under Item 2.02 via Exhibit 99.1.

GAAP net income rose 5% to $1,113 milliona and GAAP diluted EPS was $11.98, up 12% from $10.73. Adjusted operating EPS grew 22% to $11.07 from $9.11, and adjusted operating earnings increased 14% to $1,028 million. Adjusted operating net revenues rose 13% to $4.9 billion, and the pretax adjusted operating margin was 27.2%.

The company cited continued asset growth as the main driver, with total AUMAA reaching a record $1.8 trillionb, up 14% year over year. GAAP results were helped by less favorable market impacts on derivatives and market risk benefits than in the prior-year quarter, so the GAAP EPS growth rate is somewhat flattered by the year-over-year comparison, while the adjusted figures better reflect underlying performance. Segment results were broadly positive.

Advice & Wealth Management pretax adjusted operating earnings rose 16% to $939 millionc at a 28.9% margin, supported by 15% growth in client assets and a 12% increase in trailing-twelve-month net revenue per advisor. Client net flows slowed to $3.1 billion from $4.3 billion, with advisor departures including Comerica terminations weighing on results. Asset Management pretax adjusted operating earnings grew 23% to $274 million, with net pretax margin expanding to 42.7%, although institutional outflows of $5.1 billion persisted.

Retirement & Protection Solutions earnings declined 6% to $202 milliond, though sales rose 20% to $1.6 billion. Capital management remained a clear strength. Ameriprise returned $932 million to shareholders, equal to 91% of operating earnings, and shares outstanding fell 6% year over year to 88.4 million.

Long-term debt to capital rose to 37.5% from 33.6% a year earlier, reflecting new senior notes issued to prefund a $500 million maturity. Management reiterated a 20-22% operating effective tax rate for full-year 2026 and expects Asset Management G&A to be flat excluding performance-fee compensation.

02—Key points

Key Highlights

  1. Adjusted operating EPS of $11.07 rose 22% year over year; GAAP diluted EPS of $11.98 rose 12%, helped by a less favorable market-impact comparison than in the prior-year quarter.
  2. Record total AUMAA of $1.8 trillion, up 14%, with AWM client assets up 15% to $1.2 trillion and wrap assets up 19% to $732 billion.
  3. Adjusted operating net revenues increased 13% to $4.9 billion, and pretax adjusted operating margin was 27.2%, up from 26.5%.
  4. AWM net client flows fell to $3.1 billion from $4.3 billion, pressured by advisor departures, including Comerica terminations.
  5. Asset Management pretax adjusted operating earnings rose 23% to $274 million, with net pretax margin up 370 bps to 42.7%, though institutional net outflows reached $5.1 billion.
  6. Capital return of $932 million (91% of operating earnings) and a 6% reduction in common shares outstanding year over year.
  7. Long-term debt to capital rose to 37.5% from 33.6%, reflecting new senior notes issued to prefund a $500 million maturity.

03—Questions

Frequently Asked Questions

  1. How strong was Ameriprise's underlying earnings growth this quarter?

    Adjusted operating EPS rose 22% to $11.07, and adjusted operating earnings increased 14% to $1,028 million. Growth was driven mainly by asset growth in the wealth management and asset management businesses, with adjusted operating net revenues up 13%.

  2. Why did GAAP EPS grow less than adjusted EPS?

    GAAP EPS grew 12% to $11.98, compared with 22% growth in adjusted EPS. The gap reflects market impacts on derivatives and market risk benefits, which were favorable in both periods but less favorable in the current quarter than in the prior-year quarter. Net realized gains and market impacts on non-traditional long-duration products are excluded from adjusted results.

  3. Are client flows and asset growth on track?

    Asset growth remains strong, with total AUMAA up 14% to a record $1.8 trillion, largely from market appreciation. Net flows are more mixed: AWM client flows slowed to $3.1 billion from $4.3 billion, and Asset Management net outflows improved 26% to $6.5 billion but remain negative, led by $5.1 billion of institutional outflows.

  4. How is the company returning capital and managing its balance sheet?

    Ameriprise returned $932 million to shareholders in the quarter, including $774 million in buybacks and $158 million in dividends. Common shares outstanding fell 6% year over year. Long-term debt to capital rose to 37.5% from 33.6%, reflecting new senior notes issued to prefund a $500 million maturity.

  5. What should investors watch in the second half of 2026?

    Key items include whether advisor recruiting and retention keep pace with departures, whether institutional outflows in Asset Management narrow, and the ability to sustain margin expansion while investing in AI and bank growth. The company guides to a 20-22% operating tax rate for 2026 and flat Asset Management G&A excluding performance-fee compensation.

04—Continue

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