Ameriprise Financial, Inc.AMP
NYSE•Financial Services•Asset Management
Ameriprise Financial, Inc., together with its subsidiaries, operates as a diversified financial services company in the United States and internationally. The company offers financial planning and advice services to individual and institutional clients. It operates through Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, Corporate & Other segments. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor network, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. Its products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income insurance products to retail clients. Ameriprise Financial, Inc. was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. The company was founded in 1894 and is based in Minneapolis, Minnesota.
Ameriprise Financial, Inc. (AMP) reported trailing twelve months revenue of $19.18B as of March 2026, a 9.8% increase year-over-year. Quarterly revenue reached $4.89B, reflecting continued top-line momentum.
Ameriprise Financial, Inc. generated $3.90B in TTM net income, with quarterly EBITDA of $1.28B. The operating margin expanded from 15.8% to 25.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (25.1%) and net margin (18.7%) indicates moderate non-operating costs. Net margin has improved from 13.4% a year ago, signaling stronger bottom-line efficiency.
AMP trades at a P/E of 10.6x (below the broader market average) and a P/S of 2.2x. The price-to-book ratio of 6.7x indicates a significant premium over book value.
The company generated $430.00M in free cash flow over the trailing twelve months, a 73.9% decrease year-over-year, indicating cash generation ability. The balance sheet shows $184.45B in total assets with $5.61B in long-term debt against $6.21B in stockholders equity for a debt-to-equity ratio of 0.9. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~24.3%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 56.9% suggests a durable competitive advantage and efficient capital allocation.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~15.2% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~27.2% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.9 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 8.6% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation