Equity Market Tailwind
Ameriprise's proprietary Weighted Equity Index (WEI) increased 27% year-over-year, providing a significant lift to asset-based fees.
Source: 10-Q Item 2 MD&A
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Ameriprise Financial's second quarter of fiscal 2026 benefitted from a 27% surge in its proprietary Weighted Equity Index, which tracks the equity markets most relevant to its assets under management, lifting fee-based revenue across its core segments. Management attributed the strong performance to continued wrap account net inflows, higher advisory fee rates, and robust investment results in its Seligman technology strategies, while higher advisor compensation and other volume-related expenses partially offset the gains. The Retirement & Protection Solutions segment faced pressure from lower contract charges and less favorable market impacts on insurance liabilities compared to a year ago, and consolidated operating cash flow edged down 3% on a year-to-date basis. Nonetheless, adjusted operating earnings per share rose 21.5%, reflecting the company's operational leverage and active share repurchases.
Revenue
$5.01B
+11.65% YoY
EPS (Diluted)
$11.98
+11.65% YoY
Source: SEC XBRL
Ameriprise Financial (AMP) reported Q2 FY2026 revenue of $5.01B, up 11.6% year over year. AMP's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 11.07 | 10.83 | Beat +2.2% |
| Mar 2026 | 11.26 | 10.31 | Beat +9.2% |
| Dec 2025 | 10.83 | 10.43 | Beat +3.9% |
| Sep 2025 | 9.87 | 9.82 | Beat +0.5% |
Adjusted (non-GAAP) EPS of $11.07 versus the $10.83 analyst consensus — a +2.2% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $11.98.
4 reported segments · SEC XBRL
Segment revenue totals $5.36B; with -$347M of reconciling items (corporate, unallocated and eliminations) it ties to the $5.01B of consolidated revenue on the income statement.
Profit above is reported as pre-tax income, the measure AMP itself discloses in this filing. Each company chooses its own measure here, so these margins are not comparable with another company's.
Compiled by AI from 10-Q Item 2 of this filing
Ameriprise's proprietary Weighted Equity Index (WEI) increased 27% year-over-year, providing a significant lift to asset-based fees.
Source: 10-Q Item 2 MD&A
Management and financial advice fees rose 18% due to market appreciation, continued wrap account net inflows, and a higher average advisory fee rate.
Source: 10-Q Item 2 MD&A
Adjusted operating diluted earnings per share increased to $11.07 from $9.11, a 21.5% gain, as management stripped out market-related impacts.
Source: 10-Q Item 2 MD&A
The net benefit from market impacts on non-traditional long-duration products was $106 million, down from $219 million a year ago, as lower interest rate benefits were partially offset by equity market gains.
Source: 10-Q Item 2 MD&A
Distribution expenses jumped 33% to $2.1 billion, primarily driven by higher advisor compensation linked to growth in wrap account assets and transactional activity.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 3 high, 2 medium, 0 low
A significant portion of Ameriprise's revenue is tied to equity market levels through asset-based fees. A market downturn would directly reduce management and advice fees, as illustrated by the 27% increase in the WEI driving the current quarter's fee growth.
Source: 10-Q Income Statement (XBRL)
Changes in interest rates affect the valuation of long-duration insurance contracts, investment portfolio yields, and deposit costs. The company noted that lower rates decreased the discounting benefit on IUL embedded derivatives, increasing interest credited to fixed accounts.
Source: 10-Q Balance Sheet (XBRL)
The Asset Management segment experienced net outflows of $6.5 billion during the quarter, which could pressure future management fee growth if the trend continues, even though market appreciation has so far offset the asset decline.
Source: 10-Q MD&A
The variable annuity and universal life blocks are subject to market risk benefits that create earnings volatility. The change in fair value of market risk benefits swung from a $10 million benefit to a $229 million benefit, demonstrating the potential for large unpredictable impacts.
Source: 10-Q Income Statement (XBRL)
Total expenses grew 16%, outpacing the 12% revenue growth, with distribution expenses up 33%. If expense growth continues to exceed revenue growth, adjusted margins could come under pressure despite the current healthy profitability.
Source: 10-Q Income Statement (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 5.01 $B | 4.49 $B | +11.65% |
Net Income $B | 1.11 $B | 1.06 $B | +5.00% |
EPS (Basic) $ | 12.12 $ | 10.88 $ | +11.40% |
EPS (Diluted) $ | 11.98 $ | 10.73 $ | +11.65% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
AMP delivered strong Q1 FY2026 results with revenue rising 9.0% YoY to $4.886B and net income surging 56.9% to $915M, though operating cash flow declined sharply by 72.8% to $459M.
AMP delivered solid FY2025 results with revenue growing 5.5% to $18.9B, net income rising 4.8% to $3.6B, and operating cash flow surging 26.2% to $8.3B, while returning $3.5B to shareholders through buybacks and dividends.
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