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AMP Q2 Earnings Beat as Revenues Grow & AUM, AUA Touch Record Levels
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Key Takeaways
Ameriprise posted Q2 adjusted operating EPS of $11.07, topping estimates as revenues rose 13% y/y.
AMP ended the quarter with record AUM and AUA of $1.81 trillion, up 14% from a year earlier.
Ameriprise repurchased 1.7 million shares for $774 million as adjusted operating expenses rose 12%.
Ameriprise Financial’s (AMP - Free Report) second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter.
Results benefited from higher revenues and an improvement in the assets under management (AUM) and assets under administration (AUA) balance to record levels. However, an increase in expenses was a headwind.
After considering significant items, net income (GAAP basis) was $1.11 billion or $11.98 per share, up from $1.06 billion or $10.73 per share in the prior-year quarter.
AMP’s Adjusted Revenues Improve, Expenses Rise
Adjusted operating total net revenues in the reported quarter were $4.90 billion, increasing 13% year over year. The top line beat the Zacks Consensus Estimate of $4.79 billion. Total GAAP net revenues were $4.94 billion, up 13% year over year.
Adjusted operating expenses totaled $3.57 billion, rising 12% year over year.
As of June 30, 2026, total AUM and AUA were a record $1.81 trillion, up 14% year over year.
Update on Ameriprise’s Share Repurchases
The company repurchased 1.7 million shares for $774 million in the reported quarter.
Our Take on AMP
Ameriprise is well-positioned for impressive top-line growth on the back of its robust AUM balance and business-restructuring initiatives. However, elevated expenses (mainly due to technology upgrades) will likely continue to hurt the bottom line.
Ameriprise Financial, Inc. Price, Consensus and EPS Surprise
BlackRock’s (BLK - Free Report) second-quarter 2026 adjusted earnings of $13.91 per share handily surpassed the Zacks Consensus Estimate of $12.72. The figure reflects a 15% rise from the year-ago quarter.
BLK’s results benefited from a rise in revenues. The AUM balance witnessed robust year-over-year growth, driven by net inflows, to record levels. However, higher expenses created a headwind.
Upcoming Asset Manager Release
Invesco (IVZ - Free Report) is scheduled to announce second-quarter 2026 numbers on July 28.
Over the past seven days, the Zacks Consensus Estimate for IVZ’s quarterly earnings has been revised upward to 67 cents. The figure implies a rise of 86.1% from the prior-year quarter’s actual.
View the Zacks #1 Rank List
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AMP Q2 Earnings Beat as Revenues Grow & AUM, AUA Touch Record Levels
Key Takeaways
Ameriprise Financial’s (AMP - Free Report) second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter.
Results benefited from higher revenues and an improvement in the assets under management (AUM) and assets under administration (AUA) balance to record levels. However, an increase in expenses was a headwind.
After considering significant items, net income (GAAP basis) was $1.11 billion or $11.98 per share, up from $1.06 billion or $10.73 per share in the prior-year quarter.
AMP’s Adjusted Revenues Improve, Expenses Rise
Adjusted operating total net revenues in the reported quarter were $4.90 billion, increasing 13% year over year. The top line beat the Zacks Consensus Estimate of $4.79 billion. Total GAAP net revenues were $4.94 billion, up 13% year over year.
Adjusted operating expenses totaled $3.57 billion, rising 12% year over year.
As of June 30, 2026, total AUM and AUA were a record $1.81 trillion, up 14% year over year.
Update on Ameriprise’s Share Repurchases
The company repurchased 1.7 million shares for $774 million in the reported quarter.
Our Take on AMP
Ameriprise is well-positioned for impressive top-line growth on the back of its robust AUM balance and business-restructuring initiatives. However, elevated expenses (mainly due to technology upgrades) will likely continue to hurt the bottom line.
Ameriprise Financial, Inc. Price, Consensus and EPS Surprise
Ameriprise Financial, Inc. price-consensus-eps-surprise-chart | Ameriprise Financial, Inc. Quote
AMP currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Another Asset Manager
BlackRock’s (BLK - Free Report) second-quarter 2026 adjusted earnings of $13.91 per share handily surpassed the Zacks Consensus Estimate of $12.72. The figure reflects a 15% rise from the year-ago quarter.
BLK’s results benefited from a rise in revenues. The AUM balance witnessed robust year-over-year growth, driven by net inflows, to record levels. However, higher expenses created a headwind.
Upcoming Asset Manager Release
Invesco (IVZ - Free Report) is scheduled to announce second-quarter 2026 numbers on July 28.
Over the past seven days, the Zacks Consensus Estimate for IVZ’s quarterly earnings has been revised upward to 67 cents. The figure implies a rise of 86.1% from the prior-year quarter’s actual.