Reported Q: Q3 2024 Rev YoY: +12.0% EPS YoY: -38.8% Move: +0.56%
Ameriprise Financial Inc
A4S.DE
€403.45 0.56%
Exchange XETRA Sector Financial Services Industry Asset Management
Q3 2024
Published: Nov 1, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for A4S.DE

Reported

Report Date

Nov 1, 2024

Quarter Q3 2024

Revenue

4.40B

YoY: +12.0%

EPS

5.00

YoY: -38.8%

Market Move

+0.56%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $4.40B up 12% year-over-year
  • EPS of $5.00 decreased by 38.8% from previous year
  • Gross margin of 100.0%
  • Net income of 511.00M
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A4S.DE
Company A4S.DE

Executive Summary

Ameriprise Financial reported Q3 2024 revenue of approximately $4.397 billion, up about 12% year over year and about 4% quarter over quarter, reflecting steady fee-based activity across Advice & Wealth Management and Asset Management segments. Net income declined to $511 million for QQ3 2024, down roughly 41% year over year and 38% quarter over quarter, with diluted EPS of $5.00. The decline in profitability despite rising revenue is driven by higher operating expenditures and other costs, leading to a lower operating income of $645 million and an operating margin of about 14% (versus higher prior-year levels). On the cash flow side, Ameriprise generated strong operating cash flow of about $3.05 billion and free cash flow near $3.00 billion, supporting a robust liquidity position with cash and cash equivalents of about $10.7 billion and total cash-related liquidity well in excess of near-term debt. The balance sheet shows substantial non-current liabilities and long-dated obligations, yet the company maintains a sizable net cash position (net debt negative) and ample liquidity to fund ongoing capital allocation, including a $582 million share repurchase in QQ3. Valuation metrics reflect a solid earnings base (P/E ~15.4x, P/B ~5.5x) against a market that values diversified asset managers with durable fee-based models. Management commentary during the quarter underscored a continued emphasis on cost discipline, growth in fee-based revenue, and execution of scalable platforms, while market conditions and expense dynamics remain key drivers of near-term profitability.

Key Performance Indicators

Revenue
Increasing
4.40B
QoQ: 4.19% | YoY: 12.03%
Gross Profit
Increasing
4.40B
1.00% margin
QoQ: 4.19% | YoY: 12.03%
Operating Income
Decreasing
645.00M
QoQ: -38.63% | YoY: -42.26%
Net Income
Decreasing
511.00M
QoQ: -38.36% | YoY: -41.40%
EPS
Decreasing
5.09
QoQ: -37.62% | YoY: -38.75%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 0.00 0.03 +0.0% View
Q2 2025 4,375.00 10.73 +3.7% View
Q1 2025 4,354.00 5.83 +5.0% View
Q4 2024 4,501.00 10.58 +12.8% View
Q3 2024 4,397.00 5.00 +12.0% View