Ameriprise Financial (AMP) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects higher management and financial advice fees as well as net investment income.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects higher management and financial advice fees as well as net investment income.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.3B
Revenue reported for this quarter.
Quarter-over-quarter
+3.8%
Change from the immediately preceding quarter.
Year-over-year
+12.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.6B
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 |
|---|---|---|
| Jun 30, 2023 | $4B | +14.8% |
| Sep 30, 2023 | $4.1B | +16.5% |
| Dec 31, 2023 | $4.2B | +12.1% |
| Mar 31, 2024 | $4.3B | +12.5% |
Revenue performance
Total net revenues rose, driven by increases in management and financial advice fees and net investment income, while distribution fees declined slightly.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Compared with the same quarter one year earlier, revenue was also higher.
What to watch
Monitor the trajectory of management and financial advice fees, as they represent the largest revenue component.