Ameriprise Financial, Inc. earnings overview

AMP FY2026 Q2 · Calendar Q3 2026

Ameriprise Financial, Inc.

Ameriprise Financial delivered a strong Q2 2026, with revenue up 13% to $5 billion and EPS up 22% to $11.07, beating consensus on both lines. Revenue growth accelerated from 11% in Q1, and EPS year-over-year growth quickened from 19% to 22%. AUM reached a record $1.8 trillion, up 14%, while wrap asset growth accelerated to 19% from 16% the prior quarter. AI-driven adviser tools are now quantifiably saving 30+ hours per week, and the back-office transformation is expected to complete by end of Q3 2026. The near-term headwind from Comerica adviser outflows (~$19 billion by Q3) is expected to be offset by the Huntington Bank onboarding (260 advisers, $28 billion in assets) in Q4 or early 2027. Management remains confident in technology investment, banking expansion, and capital return.