Ameriprise Financial (AMP) Q3 2026 Earnings Report
MX:AMP Q3 2026 EPS Results
- Actual EPS
- MXN 211.60
- Consensus EPS
- MXN 221.20
- Beat/Miss
- Missed by -MXN 9.60
- One Year Ago EPS
- MXN 186.42
MX:AMP Q3 2026 Revenue Results
- Actual Revenue
- MXN 96.91B
- Expected Revenue
- MXN 95.81B
- Beat/Miss
- Beat by +MXN 1.10B
- YoY Revenue Growth
- +5.81%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/29/2026
- Time
- Before Open
- Conference Call
- Thursday, October 29, 2026
MX:AMP Upcoming Earnings
Ameriprise Financial's next earnings date is estimated for January 27, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:AMP Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive overall. Ameriprise reported double-digit revenue and EPS growth, higher assets, strong wealth management flows and advisor productivity, successful recruiting and the Huntington partnership, expanding AI capabilities, solid asset management profitability, strong capital generation, and substantial shareholder returns. The main challenges were market and macroeconomic uncertainty, a $74 million unfavorable actuarial impact, lower client cash balances, softer institutional flows, fixed-income flow opportunities, and a highly competitive recruiting environment. Management nevertheless expressed confidence in the business fundamentals, margins, organic growth, and outlook.
Company Guidance
Management expects Wealth Management general and administrative expenses to increase in the mid-single-digit range for the full year, with margins to stay in this range from the current 29%, assuming normal market conditions; Asset Management general and administrative expenses are expected to be flat, excluding Seligman and other performance fee compensation; Retirement & Protection Solutions’ contribution is expected to be stable going forward; organic flow rate remained in the 4% range; Huntington will add another 29 advisors and $4 billion in assets moving from another program to Ameriprise in mid-2027; Ameriprise plans to expand AI capabilities in 2027 with broader data integration and more automated guided workflows; and the company announced a $5.5 billion share repurchase authorization through September 30th, 2028.
- Strong Third-Quarter Financial PerformanceExcluding unlocking on an adjusted operating basis, net revenues increased 10% to $5.1 billion, adjusted operating earnings excluding unlocking increased 14%, and adjusted earnings per share increased 22%. Over the last 12 months, revenues grew 11% and adjusted EPS increased 19%.
- Assets Under Management and Advisement GrowthTotal assets under management, administration, and advisement reached $1.8 trillion, up 8%, supported by higher asset levels and client engagement.
- Best-in-Class Return on EquityReturn on equity rose to over 56% from 52.8% a year ago, and Walter Berman reported return on equity of 56% excluding unlocking.
- Strong Wealth Management ResultsWealth Management adjusted operating net revenues increased 13% to $3.4 billion, fee-based and transactional-based revenues increased 15%, and pre-tax adjusted operating earnings increased 12% to $989 million. The margin remained strong at 29%.
- Client Asset and Wrap Asset GrowthTotal client assets increased 8% to $1.2 trillion, while wrap assets increased 12% to $729 billion, reinforcing the stated durability of fee-based earnings.
- Improving Organic Client FlowsExcluding Comerica, client net inflows increased 56% year over year to $5.3 billion, and wrap net inflows increased 38% to $6.6 billion. The organic flow rate remained in the 4% range and organic flows increased sequentially.
- Record Advisor Productivity and RetentionRevenue per advisor increased 13% to a record $1.2 million. Advisor retention remained in the high 90% range, including among advisors with more than 10 years at the firm.
- Advisor Recruiting MomentumAmeriprise recruited and onboarded another 79 experienced advisors during the quarter, with management stating that the recruiting pipeline is good and that the firm continues to compete effectively for the right advisors.
- Huntington Bank Partnership ExpansionAmeriprise welcomed approximately 260 Huntington Bank advisors with $28 billion in client assets, described as its largest AFIG deal and one of the industry's most significant partnerships of its kind. Following Huntington's acquisition of Cadence Bank, another 29 advisors and $4 billion in assets are expected to move to Ameriprise in mid-2027.
- Signature Wealth AdoptionMore than half of Ameriprise advisors are now using Signature Wealth for clients. The platform provides access to institutional-quality investment management, supports more efficient advisor service, and continues to receive additional features and investment choices.
- Banking and Lending GrowthPledged asset lending increased more than 50% and the mortgage portfolio grew 74%. Bank assets increased 2% year over year, while underlying cash sweep balances were stable.
- High Client Satisfaction and Brand AwarenessClient satisfaction remained excellent at 4.9 out of 5. Following the fall advertising campaign, brand awareness among the target audience reached an all-time high, and the brand was said to rate well with affluent and high net worth investors.
- AI and Technology Investment ProgressAmeriprise continues to prioritize technology and AI. Current AI capabilities can generate more than 30 hours of additional capacity each week for practices using them; the firm delivered tens of millions of AI-generated insights, and nearly three quarters of practices are using those insights. The company began the early release of an AI-powered meeting preparation agent and AI service assistant and plans broader data integration and automated guided workflows in 2027.
- Retirement and Protection Solutions Sales GrowthRetirement & Protection Solutions sales increased 24%, driven by high demand for structured variable annuities, variable annuities without living benefit riders, and variable universal life. The business delivered strong margins and good free cash flow generation.
- Retirement and Protection Operating StrengthExcluding unlocking, Retirement & Protection Solutions generated $198 million of pre-tax adjusted operating earnings. Management said the long-term care business is performing well and in line with expectations, while the business continues to provide stable contributions and a counterbalance through cycle changes.
- Asset Management Earnings and Margin GrowthAsset Management pre-tax adjusted operating earnings increased 18% to $308 million, with a 46% margin. Assets under management and advisement rose to $743 billion, revenues increased 9% to $990 million, and the underlying fee rate remained approximately 48 basis points.
- Investment Performance and Product ExpansionAmeriprise offers 92 four- and five-star funds globally. Seventy-eight percent of retail funds were above median versus peers over three years, 74% over five years, and 87% over 10 years. The company is expanding active ETFs, separately managed accounts, models, alternatives, real estate, and premium equity income strategies.
- Asset Management Growth InitiativesThe company announced a strategic collaboration with Hamilton Lane focused initially on launching a public-private growth equity interval fund in the coming months. It also reported opportunities in U.K. and European real estate, including several attractive asset purchases.
- Strong Expense Management and Operating MarginGeneral and administrative expenses increased 3% to $975 million, while the overall margin remained strong at 28% excluding unlocking. Management expects full-year Wealth Management G&A to increase in the mid-single-digit range and Asset Management G&A to remain flat excluding Seligman and other performance fee compensation.
- Strong Capital Position and Shareholder ReturnsAmeriprise ended the quarter with $2 billion of excess capital and $2.3 billion of holding-company available liquidity. Capital return was $1 billion in the quarter, or 93% of operating earnings; year-to-date capital return increased 24% to $2.9 billion. The board approved a new $5.5 billion share repurchase authorization through September 30, 2028.
- Long-Term Growth and Capital Return RecordOver the last five years, Ameriprise reported 8% compounded annual revenue growth, 17% compounded annual EPS growth, a six-percentage-point improvement in return on equity, and more than $14 billion returned to shareholders. Over the last 12 months, the company returned $3.9 billion of capital.
MX:AMP Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 27, 2027 | 2026 (Q4) | 231.01- | 203.52 | ― | ― |
| Oct 29, 2026 | 2026 (Q3) | 221.20211.60 | 186.42 | 13.51% (+25.18) | |
| Jul 23, 2026 | 2026 (Q2) | 203.22208.03 | 171.2 | 21.51% (+36.83) | |
| Apr 23, 2026 | 2026 (Q1) | 191.90211.60 | 178.52 | 18.53% (+33.07) | |
| Dec 31, 2025 | 2025 (Q4) | 194.27203.52 | 179.28 | 13.52% (+24.24) | |
| Oct 30, 2025 | 2025 (Q3) | 183.65186.42 | 152.22 | 22.47% (+34.20) | |
| Jul 24, 2025 | 2025 (Q2) | 169.22171.20 | 160.3 | 6.80% (+10.90) | |
| Apr 24, 2025 | 2025 (Q1) | 170.71178.52 | 157.67 | 13.23% (+20.86) | |
| Jan 29, 2025 | 2024 (Q4) | 169.99179.28 | 135.3 | 32.50% (+43.97) | |
| Oct 23, 2024 | 2024 (Q3) | 167.74152.22 | 130.79 | 16.38% (+21.42) |
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
