Ameriprise Financial

AMP · NYSE · Financials · Financials, fiscal 2016 to 2025

AMP · Last close · October 26, 2026

$493.60

Ameriprise Financial's revenue rose 5.5% to $18.9 billion in fiscal 2025. Net income was $3.6 billion, up 4.8%. It paid out $3.5 billion in dividends and buybacks. The diluted share count fell 4.6%.

AMERIPRISE FINANCIAL, INC. Latest fiscal year ended December 31, 2025 10-K filed February 19, 2026 · 0000820027-26-000011 Updated October 9, 2026

Revenue

$18.9B

5.5%

Net income

$3.6B

4.8%

Return on equity

—

Return on tangible equity

79.7%

15.5 pts

Efficiency ratio

—

Market cap

$45.9B

Oct 26 close

P/E

11.9x

On $41.44 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

About these figures. Ameriprise is counted as a bank because it takes deposits through its bank, but its filings don't tag net interest income, noninterest expense or loans, so the bank ratios are left blank.

Charts show fiscal years, from the 10-K filings.

Revenue and returns

Revenue

US$ billions, fiscal years. Revenue is net of interest expense.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Net income and earnings per share

From fiscal 2016 to 2025, earnings per share grew 18.6% a year and net income 11.7% a year, as buybacks cut the share count by 42%.

Net income

US$ billions, fiscal years; loss years in red.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Efficiency and income mix

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

Payouts and share count

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Valuation

Value Ameriprise Financial yourself from its earnings. A bank's cash flow is mostly the money it lends and takes in, so the cash flow model on other company pages doesn't suit it.

Price-to-earnings (P/E) method

Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.

Value per share on three example scenarios, from Ameriprise Financial's earnings per share of $41.44 (over the last four quarters). Each grows earnings for a year at the cash flow scenarios' rates and applies a multiple to next year's earnings: 13.8×, the middle of Ameriprise Financial's own P/E today, its peers' median and its sector's median (the Financials median) for the base scenario, 20% less and more for the cautious and optimistic ones. The price is brought back a year at 10%, 9% and 8%. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

Earnings per share, US$

Diluted earnings per share over the four quarters to June 30, 2026, from the 10-Qs and 10-K.

P/E multiple

P/E today is the last close divided by the latest earnings per share, the four quarters' where available. Peers: BNY Mellon, State Street, Northern Trust, Synchrony Financial.

Earnings growth in the years ahead (% a year) Starts at Ameriprise Financial's revenue growth over the last 3 years, 9.7% a year, as the base scenario does.

Earnings per share in the years ahead, US$

Year 1Year 2Year 3Year 4Year 5

Type your own estimate for any year; the years after it carry on at the growth rate.

Apply the multiple to earnings

A multiple on a future year's earnings gives the price then, brought back to today at the discount rate below.

Discount rate (% a year) The yearly return an investor wants for the risk, as in the cash flow model.

Value per share today at this multiple

—

Last close, October 26, 2026: $493.60
Value at this multiple, against the last close: —
Ameriprise Financial's P/E at the last close: 11.9×

Company	Last close	Earnings per share	P/E today
Northern TrustNTRS	$169.55	$8.74	19.4×
BNY MellonBNY	$147.18	$8.58	17.2×
State StreetSTT	$169.94	$11.34	15.0×
Ameriprise FinancialAMP	$493.60	$41.44	11.9×
Synchrony FinancialSYF	$74.83	$9.60	7.8×

How the P/E method works. Value per share is earnings per share times the multiple. On a future year's earnings, that gives the price in that year, which is brought back to today at the discount rate: price ÷ (1 + discount rate) for each year ahead. It is quick and easy to compare across companies, but it ignores debt and cash, and earnings can swing with one-off gains and charges, so a multiple says most about steady, profitable businesses. Like the cash flow model, the result depends entirely on the assumptions you choose. It is not a forecast, a price target or a recommendation.

Balance sheet

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	—	—	—	—	—
Deposits	20,227	30,775	37,321	35,826	33,750
Loans to deposits	—	—	—	—	—
Provision for credit losses	−11	13	8	−2	2
Provision to average loans	—	—	—	—	—
Total assets	177,735	158,852	175,191	181,403	190,904
Shareholders' equity	4,837	3,803	4,729	5,228	6,549

US$ millions unless stated, at each fiscal year end.

Insider trades

Over the 12 months between October 27, 2025 and October 26, 2026, no insider bought Ameriprise Financial shares on the open market, and 9 insiders sold $65.9 million.

Date	Insider	Trade	Shares	Price	Value	Filing
Aug 10, 2026	Dawn M. BrockmanSVP and Controller	Sold	472	$558.93	$263,815	Form 4
Aug 6, 2026	Deirdre Davey McGrawEVP Mktg, Strat. & Comms.	Sold	2,400	$558.28	$1.3 million	Form 4
Jul 28, 2026	James M CracchioloChairman and CEO, Director	Sold	18,020	$545.43	$9.8 million	Form 4
Jul 28, 2026	Walter Stanley BermanExecutive VP and CFO	Sold	11,012	$548.95	$6.0 million	Form 4
Jul 28, 2026	William Jerryl WilliamsPres, Wealth Mgmt Advisor Grp	Sold	8,210	$539.35	$4.4 million	Form 4
Jul 27, 2026	William Jerryl WilliamsPres, Wealth Mgmt Advisor Grp	Sold	7,894	$537.08	$4.2 million	Form 4
May 14, 2026	Gerard P. SmythEVP & Hd. of Tech. & Serv. Del	Sold	6,255	$472.52	$3.0 million	Form 4
May 8, 2026	Robert Francis Sharpe JRDirector	Sold	1,200	$465.83	$558,996	Form 4
Feb 10, 2026	William F TruscottCEO, Global Asset Management	Sold	5,000	$532.08	$2.7 million	Form 4
Feb 9, 2026	Gumer AlveroPresident-insurance&annuities	Sold	4,658	$542.88	$2.5 million	Form 4
Feb 5, 2026	Walter Stanley BermanExecutive VP and CFO	Sold	7,000	$544.22	$3.8 million	Form 4
Feb 4, 2026	James M CracchioloChairman and CEO, Director	Sold	48,813	$544.96	$26.6 million	Form 4

The latest 12 of 13 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Ameriprise Financial side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Ameriprise Financial	FY25	5.5%	18.8%	—	79.7%	—
BNY Mellon	FY25	7.8%	27.6%	13.0%	28.4%	65.0%	Compare
State Street	FY25	7.3%	21.1%	11.1%	14.6%	72.8%	Compare
Northern Trust	FY25	−2.5%	21.5%	13.5%	13.9%	71.2%	Compare
Synchrony Financial	FY25	−2.8%	18.7%	21.3%	24.6%	27.1%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	11,839	12,180	12,924	13,103	11,958	13,389	14,334	16,096	17,926	18,911
Revenue growth	−3.0%	2.9%	6.1%	1.4%	−8.7%	12.0%	7.1%	12.3%	11.4%	5.5%
Net interest income	—	—	—	—	—	—	—	—	—	—
Noninterest income	—	—	—	—	—	—	—	—	—	—
Noninterest expense	—	—	—	—	—	—	—	—	—	—
Provision for credit losses	2	−1	0	0	21	−11	13	8	−2	2
Net income	1,313	1,480	2,098	1,893	1,534	3,417	3,149	2,556	3,401	3,563
Diluted EPS (US$)	7.81	9.44	14.20	13.92	12.20	28.48	27.70	23.71	33.05	36.28
Diluted shares (millions)	168	157	148	136	126	120	114	108	103	98
Payouts
Dividends paid	479	491	506	504	497	511	534	550	574	596
Share buybacks	1,707	1,485	1,630	1,943	1,441	2,030	1,978	2,127	2,448	2,907
Balance sheet at fiscal year end
Loans, net	—	—	—	—	—	—	—	—	—	—
Deposits	—	—	—	—	17,641	20,227	30,775	37,321	35,826	33,750
Total assets	139,821	147,480	137,216	151,828	165,883	177,735	158,852	175,191	181,403	190,904
Shareholders' equity	6,289	5,995	5,588	5,911	6,131	4,837	3,803	4,729	5,228	6,549
Ratios
Return on equity	—	—	—	—	—	—	—	—	—	—
Return on tangible common equity	23.4%	29.6%	45.4%	41.3%	31.6%	82.0%	108.7%	89.2%	95.2%	79.7%
Return on assets	0.9%	1.0%	1.5%	1.3%	1.0%	2.0%	1.9%	1.5%	1.9%	1.9%
Efficiency ratio	—	—	—	—	—	—	—	—	—	—

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Ameriprise Financial's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Ameriprise Financial.