AMP Limited (AMP) Earnings Call Transcripts

AMP Limited's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Ameriprise Financial reported strong financial results with revenues of nearly $5 billion, reflecting a 13% year-over-year growth, and adjusted operating earnings increasing 14% to $1 billion. Earnings per share (EPS) rose 22% to $11.07, driven by robust asset growth and client engagement. Management maintained a positive outlook, highlighting a strong return on equity (ROE) of 55% and a continued focus on strategic investments, despite challenges from adviser transitions and seasonal tax impacts.

Reported metrics

Guidance from management

Management expects general and administrative expenses to increase in the mid-single-digit range for the full year, while also anticipating significant asset inflows from the onboarding of Huntington Bank in Q4.

What management said

Well, as we indicated at the end of the third quarter, it will be $19 billion approximately exiting. We really have not for -- based on the client disclosed the element, but it did accelerate significantly in the second quarter versus the first quarter. And it impacted basically our inorganic activity. But we really don't get into this call in amounts based on a client situation. But you'll see $19 billion in total b...

Of course. Yes, it would because it's happening as advisers are leaving. We're seeing -- we saw results in the first quarter, we saw that sustaignificantly increase in the second quarter and then the rest will go out in the third quarter.

What analysts pressed on

Analysts expressed concerns regarding the impact of adviser transitions on client flows, particularly related to Comerica's exit. There were also questions about the sustainability of high recruiting costs in a competitive environment and the potential for rationality to return to adviser compensation.

Main topics on the call

• Revenue Growth and Earnings Performance — Ameriprise achieved a revenue growth of 13% to nearly $5 billion, with adjusted operating earnings up 14% to $1 billion. CEO Jim Cracchiolo stated, "We're performing well in a positive but dynamic market environment," in...
• Adviser Transitions and Client Flows — The company experienced significant adviser transitions, particularly related to Comerica, which will result in approximately $19 billion exiting by the end of Q3. This was noted as a headwind, but management expressed c...
• Asset Management Growth — Assets under management and advisement increased 14% to $1.8 trillion, with wrap assets growing 19% to $732 billion. This growth was attributed to strong client engagement and market appreciation, underscoring the firm's...
• AI and Technology Investments — Ameriprise is leveraging AI to enhance adviser productivity, with tools saving advisers significant time. Management highlighted that "practices using these solutions can gain more than 30 hours per week in productivity ...

Read the full AMP Limited transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 83 AMP Limited earnings call transcripts on record, spanning January 30, 2020 to August 6, 2026. Based on this history, AMP Limited reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AMP

Exchange

ASX

Country

AU

Sector

Financials

Industry

Financial Services

Calls on record

83

First call

January 30, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly