Executive Summary
Ameriprise Financial Inc delivered a solid QQ2 2025 performance characterized by revenue resilience, strong profitability, and robust liquidity. The company reported revenue of $4.375 billion and net income of $1.06 billion, translating to basic earnings per share of $10.88 and diluted EPS of $10.73. Operating income reached $1.351 billion with an operating margin of 30.9%, while EBITDA stood at $1.406 billion (EBITDA margin ≈ 32.1%). The YoY and QoQ improvements across key profitability metrics—operating income up 28.5% YoY and 96.7% QoQ; net income up 27.9% YoY and 81.8% QoQ—reflect a favorable mix of fee-based businesses and disciplined expense management.
The balance sheet remains exceptionally liquid. Cash and cash equivalents totaled $8.38 billion and short-term investments were $37.99 billion, yielding total cash and short-term investments around $46.38 billion. Total assets stood at $184.90 billion with total liabilities of $178.82 billion and total stockholders’ equity of $6.082 billion. The firm exhibits a net debt position of approximately negative $2.38 billion, underscoring ample liquidity to support strategic initiatives, capital returns, and potential growth opportunities. Free cash flow per share was $17.72 and operating cash flow per share was $18.11, with a dividend payout ratio of about 14.3%, indicating a conservative capital allocation stance amid a diversified product suite across Advice & Wealth Management, Asset Management, Retirement, and Protection Solutions.
Management commentary is not captured in the provided transcript dataset, limiting the ability to quote direct disclosures from the QQ2 2025 call. Nevertheless, the reported results reinforce Ameriprise’s exposure to fee-based revenue streams and durable cash generation, which should position the company to weather near-term volatility and invest in client-centric growth initiatives. Investors should monitor AUM dynamics, cross-segment profitability, and the pace of expense optimization as key levers of sustained profitability going forward.
Key Performance Indicators
Key Insights
Revenue: $4.375B; YoY growth 3.67%, QoQ growth 0.48%.
Gross Profit: $4.375B; YoY 3.67%, QoQ 0.48% (gross margin reported as 1.0000 per the dataset).
Operating Income: $1.351B; YoY +28.54%, QoQ +96.65%; operating margin 30.88%.
Net Income: $1.060B; YoY +27.86%, QoQ +81.82%; net margin ~24.23%.
EPS (diluted): $10.73; YoY +33.33%, QoQ +83.78%.
EBITDA: $1.406B; EBITDA margin ~32.14%.
...
Financial Highlights
Revenue: $4.375B; YoY growth 3.67%, QoQ growth 0.48%.
Gross Profit: $4.375B; YoY 3.67%, QoQ 0.48% (gross margin reported as 1.0000 per the dataset).
Operating Income: $1.351B; YoY +28.54%, QoQ +96.65%; operating margin 30.88%.
Net Income: $1.060B; YoY +27.86%, QoQ +81.82%; net margin ~24.23%.
EPS (diluted): $10.73; YoY +33.33%, QoQ +83.78%.
EBITDA: $1.406B; EBITDA margin ~32.14%.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
4.38B |
3.67% |
0.48% |
| Gross Profit |
4.38B |
3.67% |
0.48% |
| Operating Income |
1.35B |
28.54% |
96.65% |
| Net Income |
1.06B |
27.86% |
81.82% |
| EPS |
10.88 |
33.33% |
83.78% |
Key Financial Ratios
operatingProfitMargin
30.9%
operatingCashFlowPerShare
$18.11
freeCashFlowPerShare
$17.72
dividendPayoutRatio
14.3%
Management Commentary
Earnings call transcript data not provided in the current dataset. As such, there are no management quotes or thematic highlights to extract from QQ2 2025. If a transcript becomes available, a thematically grouped summary (strategy, operations, market conditions, guidance) with context-specific quotes will be added here.
Forward Guidance
No formal forward guidance was included in the provided data. Given the earnings trajectory and a diversified fee-based revenue mix, near-term guidance would plausibly hinge on AUM growth, market performance, and expense discipline. Investors should monitor: (1) net inflows and AUM growth by segment (Advice & Wealth Management, Asset Management, Retirement, Protection Solutions); (2) expense ratios and efficiency initiatives; (3) interest rate environment and credit-market conditions affecting investable assets; (4) regulatory developments impacting fee structures and disclosure. Based on the QQ2 2025 results, a cautious to constructive view is warranted pending any color from management on sustaining fee-related revenue growth and cost containment.