--- title: "Ameriprise Financial: Business Model" description: "Ameriprise Financial revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained." canonical: https://www.getswoopr.com/stocks/companies/ameriprise-financial/business-model/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Ameriprise Financial: Business Model & Revenue Engine ## Direct Answer Ameriprise Financial reports revenue across 4 business segments in its fiscal 2025 Form 10-K. Advice and Wealth Management is the largest, with $12.2 billion of revenue (64% of the total), followed by Retirement and Protection Solutions at $4.0 billion (21%). ## How Does Ameriprise Financial Make Money? Advice and Wealth Management supplies 64% of revenue, so Ameriprise Financial's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Advice and Wealth Management grew fastest (+6.4%) and Corporate and Other slowest (-5.0%), so the revenue mix tilts toward Advice and Wealth Management while that gap lasts. | Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Advice and Wealth Management | $12.2 billion | $11.4 billion | 64.4% | 6.4% | | Retirement and Protection Solutions | $4.0 billion | $3.8 billion | 20.9% | 4.8% | | Asset Management | $3.6 billion | $3.5 billion | 19.1% | 3.0% | | Corporate and Other | $460 million | $484 million | 2.4% | -5.0% | ![Bar chart of Ameriprise Financial revenue by segment for fiscal 2025: Advice and Wealth Management 64.4%, Retirement and Protection Solutions 20.9%, Asset Management 19.1%, Corporate and Other 2.4%.](https://www.getswoopr.com/images/charts/ameriprise-financial-business-model-segment-mix.webp) *Ameriprise Financial revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.* ## What the Segment Figures Do Not Show The rows above add up to 107% of Ameriprise Financial's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin. ## Where These Numbers Come From Every figure on this page is a value Ameriprise Financial reported in the segment note and revenue disclosures of its Form 10-K filed February 19, 2026 (accession 0000820027-26-000011), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading. Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What are Ameriprise Financial's business segments? In its fiscal 2025 Form 10-K, Ameriprise Financial reports revenue for Advice and Wealth Management, Retirement and Protection Solutions, Asset Management and Corporate and Other. ### Which part of Ameriprise Financial brings in the most revenue? Advice and Wealth Management, with $12.2 billion of revenue in fiscal 2025, or 64% of the total. ### Where does Ameriprise Financial report its segment results? In the segment note to the financial statements in its Form 10-K, most recently filed February 19, 2026, alongside management's discussion of each segment's results. ## References - [SEC EDGAR: AMERIPRISE FINANCIAL INC Form 10-K filed February 19, 2026](https://www.sec.gov/Archives/edgar/data/820027/000082002726000011/amp-20251231.htm) - [SEC EDGAR: AMERIPRISE FINANCIAL INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=820027&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) - [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets) ## Related Pages - [Ameriprise Financial company dossier](https://www.getswoopr.com/stocks/companies/ameriprise-financial/) - [Ameriprise Financial financial metrics](https://www.getswoopr.com/stocks/companies/ameriprise-financial/metrics/) - [Ameriprise Financial financial risk indicators](https://www.getswoopr.com/stocks/companies/ameriprise-financial/risks/) - [Ameriprise Financial peer comparison](https://www.getswoopr.com/stocks/companies/ameriprise-financial/competitors/) - [Ameriprise Financial business model and revenue mix](https://www.getswoopr.com/stocks/companies/ameriprise-financial/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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