Ameriprise Financial (AMP) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the current quarter compared with both the prior quarter and the same quarter a year ago. The sequential growth was driven by higher net investment income and distribution fees, while the year-over-year gain reflected broad-based improvements across most revenue lines.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the current quarter compared with both the prior quarter and the same quarter a year ago. The sequential growth was driven by higher net investment income and distribution fees, while the year-over-year gain reflected broad-based improvements across most revenue lines.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
+4.2%
Change from the immediately preceding quarter.
Year-over-year
+14.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $3.5B | +20.6% |
| Dec 31, 2022 | $3.7B | -0.7% |
| Mar 31, 2023 | $3.8B | +6.0% |
| Jun 30, 2023 | $4B | +14.8% |
Revenue performance
Total revenues rose sequentially, with net investment income and distribution fees contributing to the increase. Compared with the same quarter last year, revenues were higher, supported by gains in management and financial advice fees, net investment income, and premiums.
Quarterly comparison
Revenue in the current quarter exceeded the immediately preceding quarter and was also above the level reported for the same quarter one year earlier. The sequential and year-over-year comparisons both show positive trends.
What to watch
The filing context does not provide specific risk factors or management discussion beyond the financial statements, so no additional watch items are identified.