Ameriprise Financial Posts Strong Q1 Growth as Net Income Surges

Apr 23, 2026 20:49 UTC

AMP

Short term

Ameriprise Financial Inc. reported a significant increase in first-quarter profits and revenue compared to the previous year. The company's bottom line grew to $915 million, driven by a 10.5% rise in total revenue.

Net income grew to $915 million from $583 million YoY
Revenue increased 10.5% to $4.812 billion
GAAP EPS rose to $9.68 from $5.83
Adjusted earnings reached $1.064 billion ($11.26 per share)

Ameriprise Financial Inc. (AMP) has reported a robust start to the fiscal year, with first-quarter net income climbing to $915 million. This represents a sharp increase from the $583 million reported during the same period last year. The growth reflects a broader expansion in the company's operational profitability. On a per-share basis, GAAP earnings rose to $9.68, up from $5.83 in the prior year's first quarter. Total revenue for the period reached $4.812 billion, marking a 10.5% increase over the $4.354 billion recorded in the previous year. When excluding specific items, the company reported adjusted earnings of $1.064 billion, or $11.26 per share. The strong top- and bottom-line growth suggests resilience in the company's financial advisory and asset management segments. Investors will likely view the double-digit revenue growth as a positive indicator of operational efficiency and market positioning.