Ameriprise Financial (AMP) FY2024 results: revenue $17.3 billion, up 11.1% on the year
Ameriprise Financial Inc. (AMP) reported revenue of $17.3 billion for fiscal 2024, the year ended 31 December 2024, up 11.1% on the year before. Net income was $3.4 billion, up 33.1%, and diluted earnings per share $33.05. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$17.3 billion
+11.1% on the year
FY2017FY2024
Operating margin
24.7%
20.8% a year earlier
FY2017FY2024
Net income
$3.4 billion
+33.1% on the year
FY2017FY2024
Diluted EPS
$33.05
+39.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,595
4,685
4,407
+40.8%
Capital expenditure
176
184
182
-4.3%
Free cash flow
6,419
4,501
4,225
+42.6%
Free cash flow margin
37.2%
29.0%
29.6%
Cash from investing
-551
-9,262
-13,583
Cash from financing
-5,165
4,411
8,430
Depreciation and amortisation
142
151
142
-6.0%
Share-based compensation
193
187
170
+3.2%
Buybacks
2,448
2,127
1,978
+15.1%
Dividends paid
574
550
534
+4.4%
Diluted shares, weighted
103m
108m
114m
-4.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,228
4,729
3,803
+10.6%
Deposits
35,826
37,321
30,775
-4.0%
Debt
5,472
5,755
5,385
-4.9%
Other liabilities
134,877
127,386
118,889
+5.9%
Total liabilities and equity
181,403
175,191
158,852
+3.5%
Fixed assets
733
681
630
+7.6%
Goodwill
1,401
1,410
1,389
-0.6%
Intangible assets
262
298
192
-12.1%
Securities borrowed
218
146
199
+49.3%
Cash and equivalents
9,489
8,620
8,755
+10.1%
Other assets
169,300
164,036
147,687
+3.2%
Total assets
181,403
175,191
158,852
+3.5%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.