Ameriprise Financial (AMP)
Financials · $45.3B market cap · SEC CIK 0000820027
fundamentals score out of 100
Next reports on Oct 28, 2026, after the close, with analysts expecting $11.90 in earnings per share.
The case for AMP
- Cheap on earnings at 11.5×, well under the market's usual 20×.
- Earns 62% on shareholder equity, a figure flattered by a small equity base.
- Revenue growing 9.1% year over year.
- Earnings per share up 29.1%.
- A PEG of 0.39: a P/E of 11.5× is low for EPS growing 29%.
- Pays a modest 1.5% dividend.
The case against
- Its weakest area is stability (53/100): beta 1.13, a 26% swing over the year.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 57 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 65 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 77 |
| Momentumhow the price has behaved lately | 66 |
| Stabilityhow violently it moves, what it owes and what it pays you | 53 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 11.5× |
|---|---|
| Price / book | 6.48× |
| Price / sales | 2.3× |
| Revenue growth (YoY) | +9.1% |
| EPS growth (YoY) | +29.1% |
| Gross margin | 52% |
| Operating margin | 30% |
| Net margin | 20% |
| Return on equity | 62% |
| Debt / equity | 6.32× |
| Current ratio | 0.71 |
| Dividend yield | 1.54% |
| Beta | 1.13 |
| 52-week range | $422.37 – $572.56 |
| Position in that range | 60% of the way up |
| 3-month return | +14.6% |
| 1-year return | +9.4% |
Five years of financials, as filed
Pulled from Ameriprise Financial's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $18.9B | $17.9B | $16.1B | $14.3B | $13.4B |
| Net income | $3.6B | $3.4B | $2.6B | $3.1B | $3.4B |
| Operating cash flow | $8.3B | $6.6B | $4.7B | $4.4B | $3.3B |
| Capital expenditure | $162M | $176M | $184M | $182M | $120M |
| Total assets | $191B | $181B | $175B | $159B | $178B |
| Total liabilities | $184B | $176B | $170B | $155B | $173B |
| Shareholder equity | $6.5B | $5.2B | $4.7B | $3.8B | $4.8B |
| Cash | $11.2B | $9.5B | $8.6B | $8.8B | $9.6B |
| Free cash flow | $8.2B | $6.4B | $4.5B | $4.2B | $3.2B |
| Net margin | 18.8% | 19.0% | 15.9% | 22.0% | 25.5% |
| Diluted shares | 98.2M | 103M | 108M | 114M | 120M |
Share count is down 18.2% over 4 years. Buybacks have been shrinking the pie.
What Ameriprise Financial says it does
Overview Ameriprise Financial, Inc. is a diversified financial services company with a more than 130-year history of providing solutions to help clients confidently achieve their financial objectives. Ameriprise Financial, Inc. is a holding company incorporated in Delaware that primarily engages in business through its subsidiaries. Accordingly, references to "Ameriprise," "Ameriprise Financial," the "Company," "we," "us," and "our" may refer to Ameriprise Financial, Inc. exclusively, to our entire family of companies, or to one or more of our subsidiaries. We are a long-standing leader in financial planning and advice offering a broad range of products and services designed to assist individual and institutional clients achieve their financial objectives. Our strategy is centered on helping clients confidently achieve their goals by providing holistic advice and by managing and protecting their assets and income. We carry out our…
Risk factors AMP lists in its 10-K
- Our results of operations and financial condition may be adversely affected by market fluctuations and by economic, political and other factors
- Changes in interest rates may affect our results of operations and financial condition
- Adverse capital and credit market conditions or a downgrade in our credit ratings may significantly affect our ability to meet liquidity needs, our access to capital and our cost of capital
- Intense competition, new technologies and the economies of scale for larger competitors could negatively impact our ability to maintain or increase our market share and profitability
- A drop in our investment performance as compared to that of our competitors could negatively impact our revenues and profitability
- We face intense competition in attracting and retaining key talent
- The negative performance or default by other financial institutions or other third parties could adversely affect us
- We may not be able to maintain our unaffiliated third-party distribution channels and the sale of unaffiliated products may diminish sales of our own products
- The determination of the amount of allowances taken on certain loans and investments is subject to management’s evaluation and judgment and could materially impact our results of operations or financial position
- Some of our investments are relatively illiquid and we may have difficulty selling these investments
- The failure of other insurers could require us to pay higher assessments to state insurance guaranty funds
- Our insurance profitability relies on our assumptions including those regarding morbidity rates, mortality rates and benefit utilization as well as the future persistency of our insurance policies and annuity contracts
- A failure to protect our reputation could adversely affect our businesses
- The direct and indirect effects of climate change could adversely affect our business and operations, both directly and as a result of impacts on our clients, counterparties and entities whose securities we hold