Ameriprise Financial Reports Q2 2025 Revenue Growth and Net Income Increase

Ameriprise Financial, Inc. reported its financial results for the second quarter and first half of 2025, showcasing a notable increase in revenues and net income compared to the same period in 2024. For the three months ended June 30, 2025, total revenues reached $4.49 billion, a 2% increase from $4.39 billion in the prior year. Net income for the quarter was $1.06 billion, up 28% from $829 million in the same quarter last year. The company attributed this growth to higher management and financial advice fees, which rose by 6% to $2.6 billion, driven by market appreciation and wrap account net inflows.

In the first half of 2025, Ameriprise's total revenues increased by 3% to $8.97 billion, compared to $8.72 billion in the first half of 2024. However, net income for the six-month period decreased by 10% to $1.64 billion from $1.82 billion in the previous year. The decline in net income was primarily due to a significant market impact on non-traditional long-duration products, which resulted in an expense of $241 million, contrasting with a benefit of $80 million in the prior year. The company also experienced net outflows in its Asset Management segment, which offset some of the gains from increased market activity.

Operationally, Ameriprise Financial reported a total of 94.4 million shares outstanding as of June 30, 2025. The company has been actively managing its capital, with a share repurchase program that has seen the repurchase of 2.3 million shares at an average price of $511.39 per share during the first half of 2025. The Board of Directors has authorized an additional $4.5 billion for share repurchases through June 30, 2027, with $4.2 billion remaining under this authorization as of the end of the second quarter.

Looking ahead, Ameriprise Financial remains focused on its strategic objectives, including enhancing operational efficiency and leveraging its core capabilities to drive growth. The company anticipates that macroeconomic factors, such as interest rates and market volatility, will continue to influence its performance. Management has set financial targets, including adjusted operating earnings per diluted share growth of 12% to 15% and an adjusted operating return on equity of over 30%. The company is also monitoring regulatory changes and their potential impacts on its operations and financial condition.