Earnings Call
Apr 23, 2026
Q1 FY2026
EPS Estimate
10.21
EPS Actual
11.26
Post-Earnings Close
$459.63
Earnings Reaction
-1.9%
Ameriprise Financial posted record first-quarter earnings per share of $11.26, up 19% year-over-year, on adjusted operating revenues of $4.8 billion, an 11% increase. Return on equity climbed to over 54%, extending what management describes as a multi-year trend of compounding profitability. The headline numbers were driven primarily by the Advice & Wealth Management segment, where pretax adjusted operating earnings rose 20% to $951 million, though that figure included a $25 million one-time make-whole payment from Comerica's early contract termination. Stripping that out, earnings still grew 17%, with core distribution earnings up in the mid-30% range on the back of higher wrap assets, advisory fees, and strong transactional activity. Asset Management also contributed meaningfully, with operating earnings up 13% to $273 million and margins reaching 44%, well above the firm's 35%-39% target range, a function of asset growth and early benefits from ongoing back-office transformation, with the bulk of outsourcing savings still ahead.
Report generated on Apr 24, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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