AMERIPRISE FINANCIAL INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data AMERIPRISE FINANCIAL INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	11,839	12,180	12,924	13,103	11,958	13,389	14,334	16,096	17,926	18,911
General and administrative	3,084	3,158	3,171	3,287	3,120	3,435	3,723	3,871	3,903	3,875
Interest income	1,368	1,349	1,353	1,378	1,161
Pre-tax income	1,591	2,214	2,484	2,232	1,831	4,185	3,931	3,234	4,267	4,504
Income tax	278	734	386	339	297	768	782	678	866	941
Income from continuing operations	1,314	1,480
Net income to minority interests	0	0
Net income	1,313	1,480	2,098	1,893	1,534	3,417	3,149	2,556	3,401	3,563
EPS, basic	9.78	11.89	17.84	17.48	15.34	29.13	28.29	24.18	33.67	36.85
EPS, diluted	9.67	11.69	17.58	17.24	15.11	28.48	27.70	23.71	33.05	36.28
Shares, basic (weighted)	134	124	118	108	100	117	111	106	101	96.7
Shares, diluted (weighted)	136	127	119	110	102	120	114	108	103	98.2
Dividend per share	3.62	4.01

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	2,318	5,144	5,883	6,213	8,903	9,569	8,755	8,620	9,489	11,158
Property, plant and equipment	607	626	635	610	602	590	630	681	733	744
Lease right-of-use assets					215	291	268	259	246	223
Goodwill	1,104	1,175	1,158	1,167	1,176	1,458	1,389	1,410	1,401	1,440
Intangible assets	108	138	116	113	108	193	192	298	262	356
Total assets	139,821	147,480	137,216	151,828	165,883	177,735	158,852	175,191	181,403	190,904
Total liabilities	133,529	141,485	131,628	146,099	160,016	172,898	155,049	170,462	176,175	184,355
Paid-in capital	7,765	8,085	8,260	8,461	8,822	9,220	9,517	9,824	10,141	10,377
Retained earnings	10,351	11,326	12,909	14,279	15,292	17,322	19,918	21,905	24,713	27,662
Treasury stock	-12,027	-13,648	-15,293	-17,276	-18,879	-21,066	-23,089	-25,237	-27,721	-30,601
Other comprehensive income	200	229	-291	262	629	-642	-2,546	-1,766	-1,908	-892
Shareholders' equity	6,289	5,995	5,588	5,911	6,131	4,837	3,803	4,729	5,228	6,549
Minority interests	0
Total equity	6,289	5,995	5,588	5,729	5,867	4,837	3,803	4,729	5,228	6,549
Total liabilities and equity	139,821	147,480	137,216	151,828	165,883	177,735	158,852	175,191	181,403	190,904

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	1,313	1,480	2,098	1,893	1,534	2,760	3,149	2,556	3,401	3,563
Depreciation and amortization	248	234	198	147	153	144	142	151	142	151
Stock-based compensation	134	121	144	135	146	152	170	187	193	206
Deferred income tax	-34	156	25	-308	-321	91	155	18	125	157
Change in receivables	-150	-457	-398	324	-648	-568	39	276	215	-159
Change in payables	174	206	-100	46	129	300	-219	354	105	261
Cash from operations	2,331	1,523	2,597	2,341	4,623	3,325	4,407	4,685	6,595	8,323
Capital expenditures	-92	-162	-162	-143	-147	-120	-182	-184	-176	-162
Acquisitions					0	-576	34	0	0
Purchases of investments				-11,911	-13,525	-14,718	-22,034	-19,694	-18,536	-19,504
Sales and maturities of investments	4,421	4,957	6,738	8,202	9,554	11,501	7,621	9,230	15,684	16,919
Cash from investing	-783	-171	-587	-3,234	-2,894	-4,380	-13,583	-9,262	-551	-1,528
Debt repaid	-257	-11	-13	-313	-762	-9	-510	-760	-561	-510
Stock issued	9	15	2	3	3	1	0	0
Share buybacks	-1,707	-1,485	-1,630	-1,943	-1,441	-2,030	-1,978	-2,127	-2,448	-2,907
Dividends paid	-479	-491	-506	-504	-497	-511	-534	-550	-574	-596
Cash from financing	-1,142	-1,785	-1,263	1,214	952	1,723	8,430	4,411	-5,165	-5,157
Exchange rate effect	-75	35	-8	9	9	-2	-68	31	-10	31
Net change in cash	331	-398	739	330	2,690	666	-814	-135	869	1,669
Free cash flow	2,239	1,361	2,435	2,198	4,476	3,205	4,225	4,501	6,419	8,161
Income taxes paid	155	418	538	609	236	986	500	1,036	496	885

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $519.96 on November 10, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	26.3%	Pre-tax income / revenue.
Net margin	20.7%	Net income / revenue.
FCF margin	36.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	37.2%	Cash from operations / revenue.
Effective tax rate	21.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	81.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.2%	Net income / average total assets.
Stock-based pay / revenue	1.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.8%	Capital expenditures / revenue.
D&A / revenue	-0.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	5.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	9.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	9.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	4.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	4.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	18.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	9.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	9.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	19.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	26.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	23.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	12.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	27.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	24.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	12.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	25.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	19.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	1.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	5.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	6.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-4.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-4.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	97.3%	Total liabilities / total assets.
Tangible book value	$5.11B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.11x	Revenue / average total assets.
FCF conversion	176.2%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	2.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$45.54	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$220.32	Revenue / diluted weighted shares.
FCF per share	$80.23	Free cash flow / diluted weighted shares.
Operating cash flow per share	$81.89	Cash from operations / diluted weighted shares.
Book value per share	$55.91	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$55.91	Tangible book value / shares outstanding.
Cash per share	$110.14	(Cash + short-term investments) / shares outstanding.
Payout ratio	14.4%	Dividends paid / net income, when net income is positive.
Dividends / FCF	8.2%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	47.2%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$46.74B	Share price x shares outstanding.
Enterprise value	$36.68B	Market cap + total debt - cash - short-term investments.
P/E	11.2x	Market cap / net income. Only when net income is positive.
P/S	2.32x	Market cap / revenue.
P/B	9.15x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	9.15x	Market cap / tangible book value, when positive.
P/FCF	6.37x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	6.24x	Market cap / cash from operations, when positive.
EV/Sales	1.82x	Enterprise value / revenue.
EV/FCF	5.00x	Enterprise value / free cash flow, when both are positive.
FCF yield	15.7%	Free cash flow / market cap.
Earnings yield	8.9%	Net income / market cap (the inverse of P/E).
Dividend yield	1.3%	Dividends paid over the period / market cap.
Shareholder yield	8.7%	(Dividends paid + share buybacks) / market cap.
PEG	1.19x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was AMERIPRISE FINANCIAL INC's revenue in fiscal 2025?

AMERIPRISE FINANCIAL INC reported revenue of $18.91B for fiscal 2025, 5.5% higher than the year before.

Was AMERIPRISE FINANCIAL INC profitable in fiscal 2025?

Yes. Net income was $3.56B, a net margin of 18.8%.

How much free cash flow did AMERIPRISE FINANCIAL INC generate in fiscal 2025?

Cash from operations of $8.32B minus capital expenditures of $162.0M left free cash flow of $8.16B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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