Ameriprise Financial Reports Q3 2026 Results, Announces $5.5B Buyback Authorization

Executive Summary

On October 29, 2026, Ameriprise Financial, Inc. (NYSE: AMP) filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition), furnishing its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

• GAAP Net Income & EPS: Q3 2026 GAAP net income totaled $1,126 million ($12.32 per diluted share), up 23% and 32% year-over-year, respectively, compared to $912 million ($9.33 per diluted share) in Q3 2025. Results benefited from continued asset growth and favorable market impacts on the valuation of derivatives and market risk benefits.
• Adjusted Operating Earnings: Adjusted operating EPS rose 14% to $11.26. Excluding annual actuarial unlocking impacts ($74 million after-tax / $0.81 per share), adjusted operating EPS was $12.07, up 22% year-over-year.
• Top-Line Growth: Adjusted operating net revenues increased 10% year-over-year to $5.1 billion, supported by broad asset growth and client engagement.
• Advice & Wealth Management: Segment adjusted operating net revenue increased 13% YoY to $3,371 million from $2,990 million.
• Return on Equity (ROE): GAAP ROE (ex-AOCI) was 55.2%, and adjusted operating ROE (ex-AOCI and unlocking) reached 56.2% on a trailing 12-month basis.

Capital Return and Corporate Developments

• Share Repurchases & Capital Return: Over $1.0 billion (93% of operating earnings) was returned to shareholders in Q3 2026.
• New Repurchase Authorization: Ameriprise announced a new $5.5 billion share repurchase authorization running through September 30, 2028.
• Advisor Transitions: Completed the transition of 258 Huntington Bank advisors representing $28 billion of client assets transferring through early 2027, with an additional 29 advisors (~$4 billion in assets) from Cadence Bank scheduled to onboard in mid-2027.