NYSE: AMP
Ameriprise Financial
Financials · Investment Advice
52-week range
$422.37$572.56
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$42.7B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $17.1B |
| FY2017, ended Dec 31, 2017 | $24.8B |
| FY2018, ended Dec 31, 2018 | $14.1B |
| FY2019, ended Dec 31, 2019 | $20.5B |
| FY2020, ended Dec 31, 2020 | $22.7B |
| FY2021, ended Dec 31, 2021 | $33.4B |
| FY2022, ended Dec 31, 2022 | $32.8B |
| FY2023, ended Dec 31, 2023 | $38.1B |
| FY2024, ended Dec 31, 2024 | $51.2B |
| FY2025, ended Dec 31, 2025 | $44.7B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $42.7B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$20.1B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $11.8B |
| FY2017, ended Dec 31, 2017 | $12.2B |
| FY2018, ended Dec 31, 2018 | $12.9B |
| FY2019, ended Dec 31, 2019 | $13.1B |
| FY2020, ended Dec 31, 2020 | $12.0B |
| FY2021, ended Dec 31, 2021 | $13.4B |
| FY2022, ended Dec 31, 2022 | $14.3B |
| FY2023, ended Dec 31, 2023 | $16.1B |
| FY2024, ended Dec 31, 2024 | $17.9B |
| FY2025, ended Dec 31, 2025 | $18.9B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $20.1B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $1.31B | $2.24B |
| FY2017, ended Dec 31, 2017 | $1.48B | $1.36B |
| FY2018, ended Dec 31, 2018 | $2.10B | $2.44B |
| FY2019, ended Dec 31, 2019 | $1.89B | $2.20B |
| FY2020, ended Dec 31, 2020 | $1.53B | $4.48B |
| FY2021, ended Dec 31, 2021 | $3.42B | $3.21B |
| FY2022, ended Dec 31, 2022 | $3.15B | $4.22B |
| FY2023, ended Dec 31, 2023 | $2.56B | $4.50B |
| FY2024, ended Dec 31, 2024 | $3.40B | $6.42B |
| FY2025, ended Dec 31, 2025 | $3.56B | $8.16B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $4.16B | $7.33B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$10.1B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.32B |
| FY2017, ended Dec 31, 2017 | $5.14B |
| FY2018, ended Dec 31, 2018 | $5.88B |
| FY2019, ended Dec 31, 2019 | $6.21B |
| FY2020, ended Dec 31, 2020 | $8.90B |
| FY2021, ended Dec 31, 2021 | $9.57B |
| FY2022, ended Dec 31, 2022 | $8.76B |
| FY2023, ended Dec 31, 2023 | $8.62B |
| FY2024, ended Dec 31, 2024 | $9.49B |
| FY2025, ended Dec 31, 2025 | $11.2B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $10.1B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.—
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | — |
| FY2017, ended Dec 31, 2017 | — |
| FY2018, ended Dec 31, 2018 | — |
| FY2019, ended Dec 31, 2019 | $3.10B |
| FY2020, ended Dec 31, 2020 | — |
| FY2021, ended Dec 31, 2021 | — |
| FY2022, ended Dec 31, 2022 | — |
| FY2023, ended Dec 31, 2023 | — |
| FY2024, ended Dec 31, 2024 | — |
| FY2025, ended Dec 31, 2025 | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | — |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 43.6% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.86.8M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 154M |
| FY2017, ended Dec 31, 2017 | 146M |
| FY2018, ended Dec 31, 2018 | 135M |
| FY2019, ended Dec 31, 2019 | 123M |
| FY2020, ended Dec 31, 2020 | 117M |
| FY2021, ended Dec 31, 2021 | 111M |
| FY2022, ended Dec 31, 2022 | 105M |
| FY2023, ended Dec 31, 2023 | 100M |
| FY2024, ended Dec 31, 2024 | 96.1M |
| FY2025, ended Dec 31, 2025 | 91.2M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 86.8M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $3.26B more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $1.71B | $134M |
| FY2017, ended Dec 31, 2017 | $1.49B | $121M |
| FY2018, ended Dec 31, 2018 | $1.63B | $144M |
| FY2019, ended Dec 31, 2019 | $1.94B | $135M |
| FY2020, ended Dec 31, 2020 | $1.44B | $146M |
| FY2021, ended Dec 31, 2021 | $2.03B | $152M |
| FY2022, ended Dec 31, 2022 | $1.98B | $170M |
| FY2023, ended Dec 31, 2023 | $2.13B | $187M |
| FY2024, ended Dec 31, 2024 | $2.45B | $193M |
| FY2025, ended Dec 31, 2025 | $2.91B | $206M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $3.46B | $204M |
Revenue (TTM)
$20.1B
+8.8% YoY
Net income (TTM)
$4.16B
+14.8% YoY
Cash
$10.1B
−8.1% YoY
Total debt
—
—
Valuation
At current price- Market Cap
- $42.6B
- P/E
- 10.2×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 2.1×
- Price / Book
- 8.3×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $20.1B
- Revenue Growth YoY
- 8.8%
- Revenue CAGR 3Y
- 9.7%
- Revenue CAGR 5Y
- 9.6%
- EPS Growth YoY
- 22.1%
- Net Income Growth YoY
- 14.8%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- 27.9%
- Net Margin
- 20.7%
- FCF Margin
- 36.4%
- Return on Equity
- 72.0%
Earnings
Trailing 12 months- Net Income
- $4.16B
- EPS (diluted)
- $44.40
- EBITDA
- $5.82B
- Operating Income
- $5.61B
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $10.1B
- Total Debt
- —. Short- and long-term borrowings, excluding leases
- Net Cash
- —. Cash − total debt
- Total Assets
- $191B
- Total Liabilities
- $186B
- Shareholders' Equity
- $5.11B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $7.49B
- Capital Expenditure
- $152M
- Free Cash Flow
- $7.33B
Dividends and risk
Last 12 months- Dividend Yield
- 1.3%
- Dividend / Share
- $6.60
- Beta (5Y)
- 1.16
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 8.8% year over year, at $20.1B.
Strength
Keeps 27.9% of revenue as operating profit.
Strength
Turns 36.4% of revenue into free cash flow.
Strength
Share count is down 6.6% in a year, from buybacks.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 30, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K65Mildly positive
65Mildly positive
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 19, 2026 · Read the filing on EDGAR
- Net income rose 5% to $3.56 billion on net revenue up 7% to $18.5 billion, helped by higher stock markets and steady client inflows into advisory accounts.
- Asset Management outflows grew to $31.7 billion from $20.4 billion, including a large institutional client moving into passive funds, though the segment's profit still rose 10%.
- Annuity guarantee market losses (net of hedges) more than doubled to $366 million. Profit from the closed long-term care block fell to $2 million from $58 million.
- Cash rose to $10.0 billion. The company sent $4.1 billion of subsidiary dividends to the parent and bought back 5.5 million shares.
Business momentum
Improving
“Pretax income increased $237 million, or 6%, for 2025 compared to the prior year.”
Outlook
Neutral
“This trend is expected to continue and meaningfully shift the mix of business away from products with living benefit guarantees over time.”
Financial stress
Low
“At December 31, 2025 and 2024, we had $10.0 billion and $8.1 billion, respectively, in cash and cash equivalents excluding CIEs and other restricted cash on a consolidated basis.”
Tone against the previous report
About the same
Red flags
None found in this report.
Positives
Strong growth in wealth management advisory assets
“Wrap account assets increased $96.5 billion, or 17%, to $670.4 billion during 2025 primarily due to market appreciation of $65.6 billion and net inflows of $30.9 billion.”
Higher profit in every main segment
More cash from operations and larger returns to shareholders
“Net cash provided by operating activities increased $1.7 billion to $8.3 billion for the year ended December 31, 2025 compared to $6.6 billion for the prior year”
Concerns
Asset Management outflows got worse
“Total assets under management net flows $ (31.7) $ (20.4)”
Certificate deposits keep shrinking, cutting investment income
“After a period of strong growth during a rising interest rate environment, ACC has experienced net outflows during the past eight quarters.”
Bigger losses tied to annuity guarantees
“Change in fair value of market risk benefits increased $376 million, or 60%, for 2025 compared to the prior year”
New risks since the previous report
Large institutional client moving money into passive funds
“Total AUM net outflows were $31.7 billion for 2025 and included a large institutional client repositioning into passive strategies and $3.9 billion of outflows from our U.S. real estate products.”
AI-driven fraud, deepfakes and patchwork AI rules
“A growing patchwork of state AI laws with differing definitions, obligations and compliance expectations may require adjustments to our processes, documentation and oversight of third‑party technology”
Long-term care profits nearly wiped out after assumption update
“LTC insurance had pretax adjusted operating earnings of $2 million for 2025 compared to pretax adjusted operating earnings of $58 million for the prior year”
Biggest risks named
- Stock and bond market declines cutting fee income
- Asset Management net outflows and shift to passive investing
- Annuity guarantee and long-term care reserve adequacy
- Interest rate changes reducing spread and investment income
- Regulatory capital rules limiting subsidiary dividends
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −1.5 | |
| Score | 65 | |
Written by AI (Claude Opus 5.5) from the report’s text. 11 of 12 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 30, 2026 | Pro | |||
| 10-K | Feb 19, 2026 | 65 | Improving | None | |
| 10-K | Feb 20, 2025 | 72 | Strong improvement | None | |
| 10-K | Feb 22, 2024 | 54 | Mixed | 1 minor | |
| 10-K | Feb 23, 2023 | 47 | Mixed | 1 minor | |
| 10-K | Feb 25, 2022 | 70 | Strong improvement | None | |
| 10-K | Feb 24, 2021 | 45 | Weakening | 1 medium1 minor | |
| 10-K | Feb 26, 2020 | 53 | Mixed | None | |
| 10-K | Feb 27, 2019 | 67 | Strong improvement | 1 minor | |
| 10-K | Feb 23, 2018 | 73 | Strong improvement | 2 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 30, 2026. View filings on SEC EDGAR