Ameriprise Q2 2026: adjusted EPS up 22%, assets hit a record $1.8 trillion
Ameriprise's second quarter of 2026 was a growth quarter: GAAP net income rose 5% to $1.11 billion, diluted EPS of $11.98 topped the $10.83 consensus, and revenue climbed 12% to $5.01 billion. The catch is that profit grew far slower than revenue, so this is a story about scale rather than margin. Read the fee-based asset growth, not the GAAP EPS line, as the real signal.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $11.98 versus $10.73 a year ago, up 12% and above the $10.83 consensus. Adjusted operating EPS of $11.07 rose 22% from $9.11 and also beat consensus, by $0.24. The gap between the GAAP and adjusted operating lines comes from items outside core operations, including market-driven swings in derivatives and market risk benefits.
Total revenues rose 12% to $5.01 billion from $4.49 billion a year ago, and adjusted operating net revenues rose 13% to $4.94 billion. Management and financial advice fees of $3.07 billion, up 18%, did most of that work. Advice & Wealth Management adjusted operating net revenues of $3.25 billion, up 16%, carried the segment results.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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