EarningsQ2 2026 Earnings Report
MX:AMP Q2 2026 EPS Results
Actual EPS$189.92
Consensus EPS$185.53
Beat/MissBeat by +$4.39
One Year Ago EPS$156.29
MX:AMP Q2 2026 Revenue Results
Actual Revenue$86.14B
Expected Revenue$83.47B
Beat/MissBeat by +$2.68B
YoY Revenue Growth+11.73%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
MX:AMP Upcoming Earnings
Ameriprise Financial's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AMP Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong core operating performance across revenue, earnings, ROE, AUM growth, adviser productivity and capital returns, driven by fee, transactional and spread-based businesses and accelerated by investments in technology and AI. The primary negatives were inorganic flow headwinds (notably the accelerated Comerica exits), continued net outflows in asset management channels, elevated third-party cash balances, and an aggressive recruiting market that could lead to uneconomic deals if pursued. On balance, the strengths in financial performance, margins, capital returns and productivity gains outweigh the near-term flow and competitive challenges.Company Guidance
Revenue and Earnings Growth
Total revenues grew 13% year-over-year to ~$4.9 billion; adjusted operating earnings increased 14% to ~$1.0 billion; adjusted operating EPS rose 22% to $11.07.
Exceptional Return on Equity
Ameriprise reported a best-in-class ROE of 55%, up from 51.5% a year ago (an increase of ~350 basis points).
Assets Under Management/Advisement Milestone
Total assets under management, administration and advisement reached $1.8 trillion, a 14% increase year-over-year.
Advice & Wealth Management Asset and Productivity Gains
Total client assets rose 15% to $1.2 trillion; wrap assets increased 19% to $732 billion; adviser productivity set a new record at $1.2 million, up 12% year-over-year.
Strong Capital Returns and Buybacks
Returned 91% of operating earnings to shareholders in the quarter; returned $932 million of capital in Q2 and repurchased 1.7 million shares at an average price of $459; first-half 2026 repurchases totaled 3.3 million shares (~43% more shares repurchased versus first half 2025).
Bank and Lending Growth
Bank assets exceeded $25 billion (up 6% year-over-year); lending growth was very strong at +61% year-over-year driven by pledge loans and mortgages; overall bank yield ~4.7% with new purchases at 5.2% yield.
Asset Management Performance and Margin Expansion
Asset Management AUM/A increased 10% to $759 billion; pretax adjusted operating earnings rose 23% to $274 million; revenues increased 14% to $947 million and margins expanded to ~43% (above target range).
Retirement & Protection Sales and Free Cash Flow
Retirement & Protection Solutions sales grew 20% (driven by structured products, VUL and variable annuities without living benefit riders); adjusted operating revenues for RPS were $975 million with pretax adjusted operating earnings of $202 million and a 21% margin.
AI and Technology-Driven Productivity Gains
Widespread AI/tool adoption: ~6,000 advisers using new tools; e-meeting automation, meeting summarization and co-pilot tools can save practices 30+ hours per week when combined, enhancing adviser efficiency and client engagement.
Pipeline and Recruiting Momentum
Added 79 experienced advisers in the quarter; management reported an improving recruiting pipeline with expected continued strength into Q3 and early wins including planned onboarding of Huntington Bank (~260 advisers and ~$28 billion of client assets) in Q4.
MX:AMP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed