Invesco Reports Results for the Three Months Ended September 30, 2026
Quarterly operating income increased, but net income and diluted earnings per share declined both sequentially and year over year.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Invesco (NYSE: IVZ) reported third-quarter 2026 diluted earnings per share of $0.65, down from both comparison quarters despite higher operating income. Revenue rose 14.2% year over year to $1,873.2 million, while net income fell 2.3% to $294.5 million. Adjusted diluted earnings per share, a non-GAAP measure, rose 18.0% to $0.72. Operating margin reached 23.3%, and adjusted operating margin reached 40.7%.
Net long-term inflows were $35.1 billion, versus $45.1 billion in the second quarter. Ending assets under management rose 2.7% sequentially to $2,537.8 billion. Net debt fell to $315.8 million at September 30, and common share buybacks totaled $65 million. On October 26, 2026, Invesco repurchased $1.5 billion of preferred stock held by MassMutual, funded through a five-year floating-rate bank term loan of the same amount; $1 billion of that preferred stock remains outstanding.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointOperating revenue of $1,873.2 million rose 2.6% sequentially and 14.2% year over year.
- Moderate pointOperating income of $436.5 million increased 19.9% sequentially and 61.1% year over year.
- Moderate pointOperating margin of 23.3% exceeded 19.9% last quarter and 16.5% a year earlier.
- Moderate pointAdjusted net revenue of $1,381.7 million increased 4.0% sequentially and 16.5% year over year.
- Moderate pointAdjusted operating income of $562.3 million rose 12.8% sequentially and 38.5% year over year.
- Moderate pointAdjusted operating margin of 40.7% exceeded 37.5% last quarter and 34.2% a year earlier.
- Moderate pointAdjusted net income of $326.4 million increased 1.3% sequentially and 18.5% year over year.
- Moderate pointAdjusted diluted EPS of $0.72 rose 1.4% sequentially and 18.0% year over year.
- Moderate pointEnding assets under management of $2,537.8 billion increased 2.7% sequentially and 19.4% year over year.
- Moderate pointAverage assets under management of $2,510.2 billion rose 6.0% sequentially and 21.8% year over year.
- Moderate pointTotal net inflows of $88.5 billion exceeded $62.7 billion last quarter and $26.1 billion a year earlier.
- Moderate pointNet debt fell to $315.8 million from $708.6 million at June 30.
- Moderate pointPreferred stock repurchase of $1.5 billion completed October 26, leaving $1 billion held by MassMutual outstanding. 12% of market cap
15 minor points
- Minor pointMoney market inflows of $52.9 billion compared with $16.9 billion last quarter and $5.4 billion outflows a year earlier.
- Minor pointRetail net long-term inflows totaled $41.7 billion in the third quarter.
- Minor pointETFs and Index net long-term inflows totaled $28.5 billion.
- Minor pointQQQ net long-term inflows totaled $6.7 billion.
- Minor pointMulti-Asset/Other net long-term inflows totaled $3.3 billion.
- Minor pointChina joint venture net long-term inflows totaled $1.5 billion.
- Minor pointEMEA net long-term inflows totaled $15.9 billion.
- Minor pointAmericas net long-term inflows totaled $10.3 billion.
- Minor pointAsia Pacific net long-term inflows totaled $8.9 billion.
- Minor pointForeign exchange movements increased third-quarter assets under management by $4.5 billion.
- Minor pointEmployee compensation expense decreased $52.9 million sequentially and $27.8 million year over year.
- Minor pointAdjusted operating expenses decreased $11.0 million sequentially.
- Minor pointCash and cash equivalents increased to $965.5 million from $915.4 million at June 30.
- Minor pointDebt decreased to $1,281.3 million from $1,624.0 million at June 30.
- Minor pointCommon share repurchases returned $65 million through purchases of 2.1 million shares during the quarter.
Negative
- Moderate pointNet income of $294.5 million declined 14.7% sequentially and 2.3% year over year.
- Moderate pointDiluted EPS of $0.65 fell 14.5% sequentially and 1.5% year over year.
- Moderate point$1.5 billion five-year floating-rate bank term loan funded the October 26 preferred stock repurchase. 12% of market cap
- Moderate pointNet long-term inflows of $35.1 billion fell from $45.1 billion sequentially, but exceeded $28.9 billion a year earlier.
- Moderate pointAnnualized long-term organic growth of 6.3% trailed 8.5% last quarter and 7.9% a year earlier.
- Moderate pointThird-party distribution, service and advisory costs increased $16.6 million sequentially and $85.4 million year over year.
- Moderate pointService and distribution fees decreased $87.5 million year over year, primarily following elimination of QQQ pass-through revenues.
17 minor points
- Minor pointInstitutional net long-term outflows totaled $6.6 billion.
- Minor pointFundamental Fixed Income net long-term outflows totaled $2.6 billion.
- Minor pointFundamental Equities net long-term outflows totaled $1.9 billion.
- Minor pointPrivate Markets net long-term outflows totaled $0.4 billion.
- Minor pointNet market losses reduced third-quarter assets under management by $26.4 billion.
- Minor pointPerformance fees decreased $1.7 million sequentially to $2.0 million.
- Minor pointOther revenues decreased $4.4 million sequentially because of lower real estate transaction fees.
- Minor pointGeneral and administrative expenses increased $15.9 million sequentially.
- Minor pointMarketing expenses increased $15.8 million year over year, primarily for QQQ advertising.
- Minor pointOther gains and losses included a $34.2 million net loss, primarily from investment market-value changes.
- Minor pointAdjusted other gains and losses included a $23.8 million net loss, primarily from seed capital and other investments.
- Minor pointAdjusted equity in affiliate earnings was a $1.0 million market loss.
- Minor pointEffective tax rate of 23.3% exceeded negative 2.8% a year earlier, but declined from 25.6% sequentially.
- Minor pointAdjusted effective tax rate of 25.1% exceeded 24.9% last quarter and 11.2% a year earlier.
- Minor pointAdjusted employee compensation increased $20.7 million year over year.
- Minor pointAdjusted marketing costs increased $15.1 million year over year.
- Minor pointAdjusted general and administrative expenses increased $6.4 million year over year.
News Explained
Invesco declared a
Key Figures
- Net long-term inflows
- $35.1 billion
- Q3 2026
- Ending AUM
- $2,537.8 billion
- September 30, 2026; increased 2.7% in Q3
- Operating revenues
- $1,873.2 million
- Q3 2026; up 2.6% from Q2 2026
- Diluted EPS
- $0.65
- Q3 2026; down 14.5% from Q2 2026
- Adjusted diluted EPS
- $0.72
- Q3 2026; up 1.4% from Q2 2026
- Adjusted operating margin
- 40.7%
- Q3 2026; up from 37.5% in Q2 2026
- Preferred stock repurchase
- $1.5 billion
- Repurchased October 26, 2026; funded through a five-year floating-rate bank term loan
- Common dividend
- $0.215 per share
- Q3 2026 cash dividend
Key Terms
non-gaap financial
aum financial
etf financial
term loan financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Invesco Announces Third Quarter Diluted EPS of
$35 $2 23.3% operating margin in Q3 2026;40.7% adjusted operating margin - an increase of 340 basis points and 320 basis points, respectively, from the prior quarter (1)- Continued balance sheet strength - reduced net debt by
$393 million during the quarter and increased common share buybacks to$65 million - Repurchased
$1.5 billion $1.5 billion
Update from Andrew Schlossberg, President and CEO
"We continue to execute against our strategic priorities and leverage our advantageous global market position to deliver for clients and shareholders. We generated
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(1) |
Includes non-GAAP financial measure. See the information on pages 8 through 11 for a reconciliation to the most directly comparable |
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(2) |
Net debt: Debt less Cash and cash equivalents |
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Net Flows:
Net long-term inflows were
Retail net long-term inflows were
Net market losses decreased AUM in the third quarter by
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Summary of net flows (in billions) |
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Q3-26 |
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Q2-26 |
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Q3-25 |
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Long-term inflows |
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$ 181.1 |
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$ 202.1 |
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$ 138.4 |
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Long-term outflows |
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(146.0) |
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(157.0) |
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(109.5) |
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Net long-term flows (1) |
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35.1 |
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45.1 |
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28.9 |
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Non-management fee earning AUM (1) |
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0.5 |
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0.7 |
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2.6 |
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Money market |
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52.9 |
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16.9 |
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(5.4) |
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Total net flows |
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$ 88.5 |
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$ 62.7 |
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$ 26.1 |
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Annualized long-term organic growth rate (2) |
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6.3 % |
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8.5 % |
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7.9 % |
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(1) |
Non-management fee earning flows include QQQ's flows prior to its restructuring from an UIT to an open-end fund ETF on December 20, 2025. Net long-term flows include QQQ's flows beginning on December 20, 2025. |
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(2) |
Annualized long-term organic growth rate is calculated using net long-term flows (annualized) divided by average long-term AUM for the period. Long-term AUM excludes money market and non-management fee earning AUM. |
Third Quarter Highlights:
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Financial Results |
Q3-26 |
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Q2-26 |
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Q3-26 vs. |
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Q3-25 |
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Q3-26 vs. |
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Operating revenues |
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2.6 % |
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14.2 % |
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Operating income |
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19.9 % |
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61.1 % |
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Operating margin |
23.3 % |
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19.9 % |
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16.5 % |
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Net income attributable to Invesco Ltd. |
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(14.7 %) |
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(2.3 %) |
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Diluted EPS |
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(14.5 %) |
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(1.5 %) |
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Adjusted Financial Measures (1) |
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Net revenues |
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4.0 % |
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16.5 % |
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Adjusted operating income |
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12.8 % |
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38.5 % |
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Adjusted operating margin |
40.7 % |
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37.5 % |
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34.2 % |
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Adjusted net income attributable to Invesco Ltd. |
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1.3 % |
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18.5 % |
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Adjusted diluted EPS |
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1.4 % |
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18.0 % |
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Assets Under Management |
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Ending AUM |
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2.7 % |
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19.4 % |
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Average AUM |
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6.0 % |
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21.8 % |
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Headcount |
7,416 |
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7,405 |
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0.1 % |
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8,368 |
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(11.4 %) |
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(1) |
Represents non-GAAP financial measure. See the information on pages 8 through 11 for a reconciliation to the most directly comparable |
Third Quarter 2026 compared to Second Quarter 2026
Operating revenues and expenses: Operating revenues increased
Operating expenses decreased
Non-operating income and expenses: Equity in earnings of unconsolidated affiliates was
The effective tax rate was
Diluted earnings per common share: Diluted earnings per common share was
Third Quarter 2026 compared to Third Quarter 2025
Operating revenues and expenses: Operating revenues increased
Operating expenses increased
The effective tax rate was
Adjusted (1) Operating Results:
Third Quarter 2026 compared to Second Quarter 2026
Net revenues and adjusted operating expenses: Net revenues in the third quarter of 2026 increased
Adjusted operating expenses decreased
Adjusted operating income increased
Non-operating income and expenses: Equity in earnings of unconsolidated affiliates was a market loss of
The effective tax rate on adjusted net income increased slightly to
Adjusted diluted earnings per common share was
Third Quarter 2026 compared to Third Quarter 2025
Net revenues and adjusted operating expenses: Net revenues in the third quarter of 2026 increased
Adjusted operating expenses in the third quarter of 2026 increased
Adjusted operating income increased
The effective tax rate on adjusted net income was
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(1) |
Represents non-GAAP financial measure. See the information on pages 8 through 11 for a reconciliation to the most directly comparable |
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Capital Management:
Cash and cash equivalents:
Debt:
Net Debt (2):
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(2) |
Net debt: Debt less Cash and cash equivalents |
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Common share repurchases: During the third quarter of 2026, the company repurchased 2.1 million common shares for
Common shares outstanding (end of period): 439.5 million
Diluted common shares outstanding (end of period): 451.4 million
Dividends paid:
Common dividends declared: The company is announcing a third quarter cash dividend of
Preferred dividends declared: The company is announcing a preferred cash dividend of
About Invesco Ltd.
Invesco Ltd. is one of the world's leading asset management firms serving clients in more than 120 countries. With US
Members of the investment community and general public are invited to listen to the conference call today, October 27, 2026, at 9:00 a.m. ET by dialing one of the following numbers: 1-866-803-2143 for U.S. and Canadian callers or 1-210-795-1098 for international callers, using the Passcode: Invesco. An audio replay of the conference call will be available until Wednesday, November 11, 2026 by calling 1-866-360-7726 for U.S. and Canadian callers or 1-203-369-0178 for international callers. A presentation highlighting the company's performance will be available during a live Webcast and on Invesco's Website at invesco.com/corporate.
This release, and comments made in the associated conference call today, may include "forward-looking statements." Forward-looking statements include information concerning future results of our operations, expenses, earnings, liquidity, cash flow, capital expenditures, and assets under management and could differ materially from events that actually occur in the future due to known and unknown risks and other important factors, including, but not limited to, industry or market conditions, geopolitical events including wars, global trade tensions, tariffs, natural disasters and pandemics or health crises and their respective potential impact on the company, acquisitions and divestitures, debt and our ability to obtain additional financing or make payments, regulatory developments, demand for and pricing of our products and other aspects of our business or general economic conditions. In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would" as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. None of this information should be considered in isolation from, or as a substitute for, historical financial statements.
Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our most recent Form 10-K and subsequent Forms 10-Q, filed with the Securities and Exchange Commission. You may obtain these reports from the SEC's website at www.sec.gov. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.
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Investor Relations Contacts: |
Greg Ketron |
404-724-4299 |
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Jennifer Church |
404-439-3428 |
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Media Relations Contact: |
Andrea Raphael |
212-323-4202 |
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Invesco Ltd. |
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(Unaudited, in millions, other than per share amounts) |
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Q3-26 |
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Q2-26 |
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% Change |
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Q3-25 |
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% Change |
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Operating revenues: |
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Investment management fees |
$ 1,512.2 |
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$ 1,461.8 |
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3.4 % |
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$ 1,184.7 |
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27.6 % |
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Service and distribution fees |
313.2 |
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309.9 |
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1.1 % |
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400.7 |
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(21.8 %) |
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Performance fees |
2.0 |
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3.7 |
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(45.9 %) |
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6.5 |
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(69.2 %) |
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Other |
45.8 |
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50.2 |
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(8.8 %) |
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48.5 |
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(5.6 %) |
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Total operating revenues |
1,873.2 |
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1,825.6 |
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2.6 % |
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1,640.4 |
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14.2 % |
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Operating expenses: |
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Third-party distribution, service and advisory |
643.7 |
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627.1 |
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2.6 % |
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558.3 |
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15.3 % |
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Employee compensation |
493.8 |
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546.7 |
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(9.7 %) |
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521.6 |
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(5.3 %) |
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Marketing |
35.9 |
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36.7 |
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(2.2 %) |
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20.1 |
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78.6 % |
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Property, office and technology |
105.9 |
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109.3 |
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(3.1 %) |
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109.2 |
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(3.0 %) |
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General and administrative |
149.4 |
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133.5 |
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11.9 % |
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151.3 |
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(1.3 %) |
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Amortization of intangible assets |
8.0 |
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8.1 |
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(1.2 %) |
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9.0 |
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(11.1 %) |
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Total operating expenses |
1,436.7 |
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1,461.4 |
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(1.7 %) |
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1,369.5 |
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4.9 % |
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Operating income |
436.5 |
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364.2 |
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19.9 % |
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270.9 |
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61.1 % |
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Other income/(expense): |
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Equity in earnings of unconsolidated affiliates |
42.6 |
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35.1 |
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21.4 % |
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34.8 |
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22.4 % |
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Interest and dividend income |
9.8 |
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9.9 |
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(1.0 %) |
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10.5 |
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(6.7 %) |
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Interest expense |
(20.3) |
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(23.6) |
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(14.0 %) |
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(25.7) |
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(21.0 %) |
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Other gains/(losses), net |
(34.2) |
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105.8 |
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N/A |
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(0.8) |
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4,175.0 % |
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Other income/(expense) of CIP, net |
29.5 |
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(36.0) |
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N/A |
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57.0 |
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(48.2 %) |
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Income before income taxes |
463.9 |
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455.4 |
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1.9 % |
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346.7 |
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33.8 % |
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Income tax (provision)/benefit |
(108.3) |
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(116.5) |
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(7.0 %) |
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9.7 |
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N/A |
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Net income |
355.6 |
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338.9 |
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4.9 % |
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356.4 |
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(0.2 %) |
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Net (income)/loss attributable to noncontrolling |
(24.1) |
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43.4 |
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N/A |
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(10.7) |
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125.2 % |
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Less: Dividends declared on preferred shares |
(37.0) |
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(37.0) |
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— % |
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(44.4) |
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(16.7 %) |
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Net income attributable to Invesco Ltd. |
$ 294.5 |
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$ 345.3 |
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(14.7 %) |
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$ 301.3 |
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(2.3 %) |
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Earnings per common share: |
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- basic |
$ 0.66 |
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$ 0.77 |
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(14.3 %) |
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$ 0.67 |
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(1.5 %) |
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- diluted |
$ 0.65 |
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$ 0.76 |
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(14.5 %) |
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$ 0.66 |
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(1.5 %) |
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Weighted average common shares outstanding: |
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- basic |
449.1 |
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451.3 |
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(0.5 %) |
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452.4 |
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(0.7 %) |
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- diluted |
452.5 |
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454.4 |
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(0.4 %) |
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454.6 |
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(0.5 %) |
Invesco Ltd.
Non-GAAP Information and Reconciliations
We utilize the following non-GAAP performance measures: Net revenues (and by calculation, Net revenue yield on AUM), Adjusted operating income, Adjusted operating margin, Adjusted net income attributable to Invesco Ltd., and Adjusted diluted EPS. We believe the adjusted measures provide valuable insight into our ongoing operational performance and assist in comparisons to our competitors. These measures also assist management with the establishment of operational budgets and forecasts. The most directly comparable
The following are reconciliations of Operating revenues, Operating income (and by calculation, operating margin), and Net income attributable to Invesco Ltd. (and by calculation, diluted EPS) on a
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Reconciliation of Operating revenues to Net revenues: |
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(in millions) |
Q3-26 |
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Q2-26 |
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Q3-25 |
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Operating revenues, |
$ 1,873.2 |
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$ 1,825.6 |
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$ 1,640.4 |
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Revenue adjustments (1) |
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Investment management fees |
(401.7) |
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(385.2) |
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(236.8) |
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Service and distribution fees |
(208.2) |
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(207.2) |
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(286.0) |
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Other |
(33.8) |
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(34.7) |
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(35.5) |
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Total revenue adjustments |
(643.7) |
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(627.1) |
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(558.3) |
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Invesco Great Wall (2) |
141.6 |
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121.8 |
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94.3 |
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CIP (3) |
10.6 |
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8.8 |
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9.9 |
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Net revenues |
$ 1,381.7 |
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$ 1,329.1 |
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$ 1,186.3 |
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Reconciliation of Operating income to Adjusted operating income: |
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(in millions) |
Q3-26 |
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Q2-26 |
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Q3-25 |
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Operating income, |
$ 436.5 |
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$ 364.2 |
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$ 270.9 |
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Invesco Great Wall (2) |
91.2 |
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76.7 |
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68.0 |
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CIP (3) |
21.8 |
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13.0 |
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28.6 |
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Amortization of intangible assets (4) |
8.0 |
|
8.1 |
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9.0 |
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Compensation expense related to market valuation changes in deferred |
4.8 |
|
48.4 |
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29.6 |
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Canadian sale and restructuring (6) |
— |
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(11.7) |
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— |
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Adjusted operating income |
$ 562.3 |
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$ 498.7 |
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$ 406.1 |
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Operating margin (7) |
23.3 % |
|
19.9 % |
|
16.5 % |
|
|
Adjusted operating margin (8) |
40.7 % |
|
37.5 % |
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34.2 % |
|
|
Reconciliation of Net income attributable to Invesco Ltd. to Adjusted net income attributable to Invesco Ltd. |
||||||
|
|
||||||
|
(in millions) |
Q3-26 |
|
Q2-26 |
|
Q3-25 |
|
|
Net income attributable to Invesco Ltd., |
$ 294.5 |
|
$ 345.3 |
|
$ 301.3 |
|
|
Adjustments (excluding tax): |
|
|
|
|
|
|
|
Amortization of intangible assets (4) |
8.0 |
|
8.1 |
|
9.0 |
|
|
Deferred compensation net market valuation changes (5) |
26.2 |
|
(26.8) |
|
0.1 |
|
|
Canadian sale and restructuring (6) |
— |
|
(11.7) |
|
— |
|
|
Total adjustments to Income before income taxes |
34.2 |
|
(30.4) |
|
9.1 |
|
|
Impact of deferred income tax rate change (9) |
— |
|
— |
|
(39.0) |
|
|
Tax adjustment for amortization of intangible assets and goodwill (10) |
3.9 |
|
4.0 |
|
4.0 |
|
|
Other tax effects of adjustments above |
(6.2) |
|
3.4 |
|
— |
|
|
Adjusted net income attributable to Invesco Ltd. |
$ 326.4 |
|
$ 322.3 |
|
$ 275.4 |
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding - diluted |
452.5 |
|
454.4 |
|
454.6 |
|
|
Diluted EPS |
$ 0.65 |
|
$ 0.76 |
|
$ 0.66 |
|
|
Adjusted diluted EPS (11) |
$ 0.72 |
|
$ 0.71 |
|
$ 0.61 |
|
|
Reconciliation of Operating expenses to Adjusted operating expenses: |
||||||
|
|
||||||
|
(in millions) |
Q3-26 |
|
Q2-26 |
|
Q3-25 |
|
|
Operating expenses, |
$ 1,436.7 |
|
$ 1,461.4 |
|
$ 1,369.5 |
|
|
Invesco Great Wall (2) |
50.4 |
|
45.1 |
|
26.3 |
|
|
Third-party distribution, service and advisory expenses |
(643.7) |
|
(627.1) |
|
(558.3) |
|
|
CIP (3) |
(11.2) |
|
(4.2) |
|
(18.7) |
|
|
Amortization of intangible assets (4) |
(8.0) |
|
(8.1) |
|
(9.0) |
|
|
Compensation expense related to market valuation changes in deferred |
(4.8) |
|
(48.4) |
|
(29.6) |
|
|
Canadian sale and restructuring (6) |
— |
|
11.7 |
|
— |
|
|
Adjusted operating expenses |
$ 819.4 |
|
$ 830.4 |
|
$ 780.2 |
|
|
|
|
|
|
|
|
|
|
Employee compensation, |
$ 493.8 |
|
$ 546.7 |
|
$ 521.6 |
|
|
Invesco Great Wall (2) |
37.8 |
|
31.8 |
|
14.1 |
|
|
Compensation expense related to market valuation changes in deferred |
(4.8) |
|
(48.4) |
|
(29.6) |
|
|
Adjusted employee compensation |
$ 526.8 |
|
$ 530.1 |
|
$ 506.1 |
|
|
|
|
|
|
|
|
|
|
Marketing, |
$ 35.9 |
|
$ 36.7 |
|
$ 20.1 |
|
|
Invesco Great Wall (2) |
3.2 |
|
3.7 |
|
3.9 |
|
|
Adjusted marketing |
$ 39.1 |
|
$ 40.4 |
|
$ 24.0 |
|
|
|
|
|
|
|
|
|
|
Property, office and technology, |
$ 105.9 |
|
$ 109.3 |
|
$ 109.2 |
|
|
Invesco Great Wall (2) |
4.5 |
|
4.6 |
|
4.2 |
|
|
Adjusted property, office and technology |
$ 110.4 |
|
$ 113.9 |
|
$ 113.4 |
|
|
|
|
|
|
|
|
|
|
General and administrative, |
$ 149.4 |
|
$ 133.5 |
|
$ 151.3 |
|
|
Invesco Great Wall (2) |
4.9 |
|
5.0 |
|
4.1 |
|
|
CIP (3) |
(11.2) |
|
(4.2) |
|
(18.7) |
|
|
Canadian sale and restructuring (6) |
— |
|
11.7 |
|
— |
|
|
Adjusted general and administrative |
$ 143.1 |
|
$ 146.0 |
|
$ 136.7 |
|
|
|
|
|
|
|
|
|
|
Amortization of intangible assets, |
$ 8.0 |
|
$ 8.1 |
|
$ 9.0 |
|
|
Amortization of intangible assets (4) |
(8.0) |
|
(8.1) |
|
(9.0) |
|
|
Adjusted amortization of intangible assets |
$ — |
|
$ — |
|
$ — |
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Revenue adjustments: The company calculates Net revenues by reducing Operating revenues to exclude fees that are passed through to external parties who perform functions on behalf of, and distribute, the company's managed funds. The Net revenue presentation assists in identifying the revenue contribution generated by the company, removing distortions caused by the differing distribution channel fees and allowing for a fair comparison with |
|
|
|
|
|
Investment management fees are adjusted by renewal commissions and certain administrative fees. Service and distribution fees are primarily adjusted by distribution fees passed through to broker dealers for certain share classes and pass through fund-related costs. Other revenues are primarily adjusted by transaction fees passed through to third parties. |
|
|
|
|
(2) |
Invesco Great Wall: The company reflects |
|
|
|
|
(3) |
CIP: The company believes that the CIP may impact a reader's analysis of our underlying results of operations and could result in investor confusion or the production of information about the company by analysts or external credit rating agencies that is not reflective of the underlying results of operations and financial condition of the company. Accordingly, the company believes that it is appropriate to adjust Operating revenues and Operating income for the impact of CIP in calculating the respective Net revenues and Adjusted operating income (and by calculation, Adjusted operating margin). |
|
|
|
|
(4) |
Amortization of intangible assets: The company removes amortization related to acquired assets in arriving at Adjusted operating income, Adjusted operating margin and Adjusted diluted EPS, as this will aid comparability of our results period to period, and aid comparability with peer companies that may not have similar acquisition-related charges. |
|
|
|
|
(5) |
Market valuation changes related to deferred compensation plan liabilities: Certain deferred compensation plan awards provide a return to the employee linked to the appreciation (depreciation) of specified investments. The company economically hedges the exposure to market movements on these deferred compensation liabilities. Since these liabilities are economically hedged, the company believes it is useful to remove the market movements related to the deferred compensation plan liabilities from the calculation of Adjusted operating income (and by calculation, Adjusted operating margin) and to remove the net impact of the economic hedge from the calculation of Adjusted net income (and by calculation, Adjusted diluted EPS) to produce results that will be more comparable period to period. |
|
|
|
|
(6) |
Canadian sale and restructuring: In the second quarter of 2026, the company removed the net benefit arising from the Sale of the Canadian Management Agreements and the restructuring of the company's Canadian operations. The company removed this benefit in arriving at Adjusted operating income, Adjusted operating margin, Adjusted net income, and Adjusted diluted EPS, as this will aid comparability of our results period to period and aid comparability with peer companies that may not have similar activities. |
|
|
|
|
(7) |
Operating margin is equal to Operating income divided by Operating revenues. |
|
|
|
|
(8) |
Adjusted operating margin is equal to Adjusted operating income divided by Net revenues. |
|
|
|
|
(9) |
Impact of deferred income tax rate change: In the third quarter of 2025, the company removed a non-cash income tax benefit of |
|
|
|
|
(10) |
Tax adjustment for amortization of intangible assets and goodwill: The company reflects the tax benefit realized on the tax amortization of goodwill and intangibles in Adjusted net income. The company believes it is useful to include this tax benefit in arriving at the Adjusted diluted EPS measure. |
|
|
|
|
(11) |
Adjusted diluted EPS is equal to Adjusted net income attributable to Invesco Ltd. divided by the weighted average number of common and restricted common shares outstanding. |
|
Invesco Ltd. |
|||||||||||||
|
Assets Under Management |
|||||||||||||
|
|
|||||||||||||
|
|
Three months ended |
Nine months ended |
|||||||||||
|
(in billions) |
September |
|
June 30, |
|
% Change |
|
September |
|
September |
|
September |
|
% Change |
|
Beginning Assets |
$ 2,470.3 |
|
$ 2,159.5 |
|
14.4 % |
|
$ 2,001.4 |
|
$ 2,169.9 |
|
$ 1,846.0 |
|
17.5 % |
|
Long-term inflows |
181.1 |
|
202.1 |
|
(10.4 %) |
|
138.4 |
|
545.2 |
|
379.1 |
|
43.8 % |
|
Long-term outflows |
(146.0) |
|
(157.0) |
|
(7.0 %) |
|
(109.5) |
|
(443.2) |
|
(317.0) |
|
39.8 % |
|
Net long-term flows |
35.1 |
|
45.1 |
|
(22.2 %) |
|
28.9 |
|
102.0 |
|
62.1 |
|
64.3 % |
|
Net flows in non-management fee earning |
0.5 |
|
0.7 |
|
(28.6 %) |
|
2.6 |
|
1.2 |
|
10.4 |
|
(88.5 %) |
|
Net flows in money market funds |
52.9 |
|
16.9 |
|
213.0 % |
|
(5.4) |
|
81.3 |
|
1.4 |
|
5,707.1 % |
|
Total net flows |
88.5 |
|
62.7 |
|
41.1 % |
|
26.1 |
|
184.5 |
|
73.9 |
|
149.7 % |
|
Reinvested distributions |
0.9 |
|
1.6 |
|
(43.8 %) |
|
1.0 |
|
3.4 |
|
3.0 |
|
13.3 % |
|
Market gains and losses |
(26.4) |
|
256.8 |
|
N/A |
|
99.0 |
|
187.9 |
|
183.2 |
|
2.6 % |
|
Dispositions (b) |
— |
|
(11.0) |
|
N/A |
|
— |
|
(11.0) |
|
— |
|
N/A |
|
Foreign currency translation |
4.5 |
|
0.7 |
|
542.9 % |
|
(2.7) |
|
3.1 |
|
18.7 |
|
(83.4 %) |
|
Ending Assets |
$ 2,537.8 |
|
$ 2,470.3 |
|
2.7 % |
|
$ 2,124.8 |
|
$ 2,537.8 |
|
$ 2,124.8 |
|
19.4 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending long-term AUM |
$ 2,226.4 |
|
$ 2,212.6 |
|
0.6 % |
|
$ 1,510.3 |
|
$ 2,226.4 |
|
$ 1,510.3 |
|
47.4 % |
|
Average long-term AUM |
$ 2,216.5 |
|
$ 2,124.4 |
|
4.3 % |
|
$ 1,462.0 |
|
$ 2,108.5 |
|
$ 1,377.5 |
|
53.1 % |
|
Average AUM |
$ 2,510.2 |
|
$ 2,368.8 |
|
6.0 % |
|
$ 2,060.4 |
|
$ 2,366.0 |
|
$ 1,946.2 |
|
21.6 % |
|
Average QQQ AUM |
$ 480.3 |
|
$ 452.3 |
|
6.2 % |
|
$ 365.1 |
|
$ 443.7 |
|
$ 334.8 |
|
32.5 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2026 |
Nine months ended September 30, 2026 |
|||||
|
By channel: (in billions) |
|
Retail |
|
Institutional |
|
Retail |
|
Institutional |
|
Beginning Assets |
|
$ 1,766.3 |
|
$ 704.0 |
|
$ 1,515.7 |
|
$ 654.2 |
|
Long-term inflows |
|
142.2 |
|
38.9 |
|
410.9 |
|
134.3 |
|
Long-term outflows |
|
(100.5) |
|
(45.5) |
|
(307.2) |
|
(136.0) |
|
Net long-term flows |
|
41.7 |
|
(6.6) |
|
103.7 |
|
(1.7) |
|
Net flows in non-management fee earning AUM (a) |
|
(0.1) |
|
0.6 |
|
(0.2) |
|
1.4 |
|
Net flows in money market funds |
|
4.2 |
|
48.7 |
|
8.5 |
|
72.8 |
|
Total net flows |
|
45.8 |
|
42.7 |
|
112.0 |
|
72.5 |
|
Reinvested distributions |
|
0.9 |
|
— |
|
3.4 |
|
— |
|
Market gains and losses |
|
(21.6) |
|
(4.8) |
|
171.3 |
|
16.6 |
|
Dispositions (b) |
|
— |
|
— |
|
(9.9) |
|
(1.1) |
|
Foreign currency translation |
|
2.0 |
|
2.5 |
|
0.9 |
|
2.2 |
|
Ending Assets |
|
$ 1,793.4 |
|
$ 744.4 |
|
$ 1,793.4 |
|
$ 744.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2026 |
Nine months ended September 30, 2026 |
|||||||||
|
By client domicile: (in billions) |
|
|
|
|
|
EMEA |
|
|
|
|
|
EMEA |
|
Beginning Assets |
|
$ 1,707.6 |
|
$ 366.5 |
|
$ 396.2 |
|
$ 1,492.4 |
|
$ 321.0 |
|
$ 356.5 |
|
Long-term inflows |
|
87.7 |
|
57.8 |
|
35.6 |
|
261.4 |
|
182.9 |
|
100.9 |
|
Long-term outflows |
|
(77.4) |
|
(48.9) |
|
(19.7) |
|
(219.3) |
|
(152.6) |
|
(71.3) |
|
Net long-term flows |
|
10.3 |
|
8.9 |
|
15.9 |
|
42.1 |
|
30.3 |
|
29.6 |
|
Net flows in non-management fee earning AUM (a) |
|
0.7 |
|
(0.2) |
|
— |
|
1.4 |
|
(0.2) |
|
— |
|
Net flows in money market funds |
|
47.0 |
|
5.9 |
|
— |
|
71.2 |
|
9.4 |
|
0.7 |
|
Total net flows |
|
58.0 |
|
14.6 |
|
15.9 |
|
114.7 |
|
39.5 |
|
30.3 |
|
Reinvested distributions |
|
0.8 |
|
— |
|
0.1 |
|
3.2 |
|
— |
|
0.2 |
|
Market gains and losses |
|
(18.0) |
|
(10.6) |
|
2.2 |
|
149.9 |
|
8.0 |
|
30.0 |
|
Dispositions (b) |
|
— |
|
— |
|
— |
|
(11.0) |
|
— |
|
— |
|
Foreign currency translation |
|
— |
|
4.9 |
|
(0.4) |
|
(0.8) |
|
6.9 |
|
(3.0) |
|
Ending Assets |
|
$ 1,748.4 |
|
$ 375.4 |
|
$ 414.0 |
|
$ 1,748.4 |
|
$ 375.4 |
|
$ 414.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See the footnotes immediately following these tables. |
|
Invesco Ltd. |
||||||||||||||||
|
Assets Under Management (continued) |
||||||||||||||||
|
|
||||||||||||||||
|
|
|
Three months ended September 30, 2026 |
||||||||||||||
|
By investment capability (c): |
|
ETFs and |
|
Fundamental |
|
Fundamental |
|
Private |
|
China JV |
|
Multi- |
|
Global |
|
QQQ (k) |
|
Beginning Assets |
|
$ 753.5 |
|
$ 315.5 |
|
$ 318.1 |
|
$ 135.5 |
|
$ 163.2 |
|
$ 79.9 |
|
$ 214.5 |
|
|
|
Long-term inflows |
|
69.3 |
|
17.6 |
|
13.5 |
|
5.2 |
|
37.8 |
|
7.2 |
|
— |
|
30.5 |
|
Long-term outflows |
|
(40.8) |
|
(20.2) |
|
(15.4) |
|
(5.6) |
|
(36.3) |
|
(3.9) |
|
— |
|
(23.8) |
|
Net long-term flows |
|
28.5 |
|
(2.6) |
|
(1.9) |
|
(0.4) |
|
1.5 |
|
3.3 |
|
— |
|
6.7 |
|
Net flows in non-management |
|
— |
|
— |
|
— |
|
— |
|
— |
|
0.5 |
|
— |
|
— |
|
Net flows in money market funds |
|
— |
|
— |
|
— |
|
— |
|
5.9 |
|
— |
|
47.0 |
|
— |
|
Total net flows |
|
28.5 |
|
(2.6) |
|
(1.9) |
|
(0.4) |
|
7.4 |
|
3.8 |
|
47.0 |
|
6.7 |
|
Reinvested distributions |
|
— |
|
0.5 |
|
0.2 |
|
0.1 |
|
— |
|
— |
|
0.1 |
|
— |
|
Market gains and losses |
|
(7.5) |
|
(6.8) |
|
(8.4) |
|
(0.3) |
|
(6.3) |
|
0.8 |
|
— |
|
2.1 |
|
Foreign currency translation |
|
0.1 |
|
1.3 |
|
1.1 |
|
— |
|
2.0 |
|
— |
|
— |
|
— |
|
Ending Assets |
|
$ 774.6 |
|
$ 307.9 |
|
$ 309.1 |
|
$ 134.9 |
|
$ 166.3 |
|
$ 84.5 |
|
$ 261.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average AUM |
|
$ 770.3 |
|
$ 314.5 |
|
$ 314.6 |
|
$ 135.8 |
|
$ 164.3 |
|
$ 83.5 |
|
$ 246.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
Nine months ended September 30, 2026 |
||||||||||||||
|
By investment capability (c): |
|
ETFs and |
|
Fundamental |
|
Fundamental |
|
Private |
|
China JV |
|
Multi- |
|
Global |
|
QQQ (k) |
|
Beginning Assets |
|
$ 630.2 |
|
$ 311.5 |
|
$ 298.4 |
|
$ 130.7 |
|
$ 132.5 |
|
$ 69.7 |
|
$ 189.7 |
|
|
|
Long-term inflows |
|
199.3 |
|
59.4 |
|
42.5 |
|
18.3 |
|
135.4 |
|
20.5 |
|
— |
|
69.8 |
|
Long-term outflows |
|
(122.1) |
|
(57.9) |
|
(54.5) |
|
(16.4) |
|
(118.3) |
|
(13.9) |
|
— |
|
(60.1) |
|
Net long-term flows |
|
77.2 |
|
1.5 |
|
(12.0) |
|
1.9 |
|
17.1 |
|
6.6 |
|
— |
|
9.7 |
|
Net flows in non-management |
|
— |
|
— |
|
— |
|
— |
|
— |
|
1.2 |
|
— |
|
— |
|
Net flows in money market funds |
|
— |
|
— |
|
— |
|
— |
|
9.5 |
|
— |
|
71.8 |
|
— |
|
Total net flows |
|
77.2 |
|
1.5 |
|
(12.0) |
|
1.9 |
|
26.6 |
|
7.8 |
|
71.8 |
|
9.7 |
|
Reinvested distributions |
|
— |
|
1.5 |
|
1.2 |
|
0.3 |
|
— |
|
0.1 |
|
0.3 |
|
— |
|
Market gains and losses |
|
73.9 |
|
(5.9) |
|
26.0 |
|
2.6 |
|
1.0 |
|
8.4 |
|
(0.1) |
|
82.0 |
|
Dispositions (b) |
|
(6.7) |
|
— |
|
(3.6) |
|
— |
|
— |
|
(0.7) |
|
— |
|
— |
|
Foreign currency translation |
|
— |
|
(0.7) |
|
(0.9) |
|
(0.6) |
|
6.2 |
|
(0.8) |
|
(0.1) |
|
— |
|
Ending Assets |
|
$ 774.6 |
|
$ 307.9 |
|
$ 309.1 |
|
$ 134.9 |
|
$ 166.3 |
|
$ 84.5 |
|
$ 261.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average AUM |
|
$ 715.0 |
|
$ 314.4 |
|
$ 309.9 |
|
$ 134.1 |
|
$ 154.0 |
|
$ 78.9 |
|
$ 216.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Invesco Ltd. |
|
|
Footnotes to the Assets Under Management Tables |
|
|
|
|
|
(a) |
Non-management fee earning AUM includes non-management fee earning UIT and product leverage. For the nine months ended September 30, 2025, non-management fee earning AUM include QQQ's flows. |
|
|
|
|
(b) |
Sale of the management agreements associated with Invesco's Canadian fund business to CI Global Asset Management on June 1, 2026 decreased AUM by |
|
|
|
|
(c) |
Investment capabilities are descriptive groupings of AUM by investment strategy. |
|
|
|
|
(d) |
ETFs and Index includes ETFs and Indexed Strategies and excludes Invesco QQQ. |
|
|
|
|
(e) |
Fundamental Fixed Income includes Fixed Income products, including certain ETFs managed within this capability. |
|
|
|
|
(f) |
Fundamental Equities includes Equity products. |
|
|
|
|
(g) |
Private Markets includes Private Credit and Real Estate investments comprised primarily of Real Estate, CLOs, Private Credit and listed real assets, including certain ETFs managed within this capability. |
|
|
|
|
(h) |
China JV includes AUM managed by Invesco Great Wall. |
|
|
|
|
(i) |
Multi-Asset/Other includes Global Asset Allocation, Invesco Quantitative Strategies, Global Targeted Returns, Solutions, UITs, including certain ETFs managed within this capability. |
|
|
|
|
(j) |
Global Liquidity is comprised mainly of Money Market funds. |
|
|
|
|
(k) |
QQQ includes only Invesco QQQ Trust. |
|
Invesco Ltd. |
|||||||||||
|
Supplemental Information (1) |
|||||||||||
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|
|||||||||||
|
|
For the three months ended September 30, 2026 |
|
For the three months ended September 30, 2025 |
||||||||
|
Cash flow information (in millions) |
|
|
Impact of |
|
Excluding |
|
|
|
Impact of |
|
Excluding |
|
Invesco and CIP cash and cash equivalents, beginning of period |
$ 1,610.3 |
|
$ (694.9) |
|
$ 915.4 |
|
$ 1,491.9 |
|
$ (569.2) |
|
$ 922.7 |
|
Cash flows from operating activities |
475.0 |
|
179.6 |
|
654.6 |
|
606.2 |
|
(20.7) |
|
585.5 |
|
Cash flows from investing activities |
292.8 |
|
(344.3) |
|
(51.5) |
|
(254.8) |
|
158.0 |
|
(96.8) |
|
Cash flows from financing activities |
(635.1) |
|
81.7 |
|
(553.4) |
|
(310.1) |
|
(118.5) |
|
(428.6) |
|
Increase/(decrease) in cash and cash equivalents |
132.7 |
|
(83.0) |
|
49.7 |
|
41.3 |
|
18.8 |
|
60.1 |
|
Foreign exchange movement on cash and cash equivalents |
(4.7) |
|
5.1 |
|
0.4 |
|
(9.4) |
|
(0.3) |
|
(9.7) |
|
Cash and cash equivalents, end of the period |
$ 1,738.3 |
|
$ (772.8) |
|
$ 965.5 |
|
$ 1,523.8 |
|
$ (550.7) |
|
$ 973.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
|
For the nine months ended September 30, 2026 |
|
For the nine months ended September 30, 2025 |
||||||||
|
Cash flow information (in millions) |
|
|
Impact of |
|
Excluding |
|
|
|
Impact of |
|
Excluding |
|
Invesco and CIP cash and cash equivalents, beginning of period |
$ 1,979.8 |
|
$ (942.3) |
|
$ 1,037.5 |
|
$ 1,496.0 |
|
$ (509.5) |
|
$ 986.5 |
|
Cash flows from operating activities |
1,421.8 |
|
(194.7) |
|
1,227.1 |
|
1,069.5 |
|
(117.5) |
|
952.0 |
|
Cash flows from investing activities |
(1,145.9) |
|
1,004.6 |
|
(141.3) |
|
(622.2) |
|
565.1 |
|
(57.1) |
|
Cash flows from financing activities |
(484.4) |
|
(657.6) |
|
(1,142.0) |
|
(505.6) |
|
(452.4) |
|
(958.0) |
|
Increase/(decrease) in cash and cash equivalents |
(208.5) |
|
152.3 |
|
(56.2) |
|
(58.3) |
|
(4.8) |
|
(63.1) |
|
Foreign exchange movement on cash and cash equivalents |
(33.0) |
|
17.2 |
|
(15.8) |
|
86.1 |
|
(36.4) |
|
49.7 |
|
Cash and cash equivalents, end of the period |
$ 1,738.3 |
|
$ (772.8) |
|
$ 965.5 |
|
$ 1,523.8 |
|
$ (550.7) |
|
$ 973.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
These tables include non-GAAP presentations. Cash held by CIP is not available for use by Invesco. Additionally, there is no recourse to Invesco for CIP debt. The cash flows of CIP do not form part of the company's cash flow management processes, nor do they form part of the company's significant liquidity evaluations and decisions. |
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|
Invesco Ltd. |
|||||||||||
|
Supplemental Information (1) |
|||||||||||
|
|
|||||||||||
|
|
September 30, 2026 |
|
December 31, 2025 |
||||||||
|
Balance Sheet information (in millions) |
|
|
Impact of |
|
Excluding |
|
|
|
Impact of |
|
Excluding |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ 965.5 |
|
$ — |
|
$ 965.5 |
|
$ 1,037.5 |
|
$ — |
|
$ 1,037.5 |
|
Investments |
1,366.1 |
|
584.4 |
|
1,950.5 |
|
1,381.1 |
|
397.1 |
|
1,778.2 |
|
Goodwill and intangible assets, net |
12,295.3 |
|
— |
|
12,295.3 |
|
12,404.4 |
|
— |
|
12,404.4 |
|
Other assets (2) |
2,323.2 |
|
9.4 |
|
2,332.6 |
|
2,121.2 |
|
11.2 |
|
2,132.4 |
|
Investments and other assets of CIP (3) |
10,695.4 |
|
(10,695.4) |
|
— |
|
10,149.8 |
|
(10,149.8) |
|
— |
|
Total assets |
|
|
|
|
$ 17,543.9 |
|
|
|
$ (9,741.5) |
|
$ 17,352.5 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Debt |
$ 1,281.3 |
|
$ — |
|
$ 1,281.3 |
|
$ 1,825.1 |
|
$ — |
|
$ 1,825.1 |
|
Other Liabilities (4) |
3,632.7 |
|
— |
|
3,632.7 |
|
3,296.4 |
|
— |
|
3,296.4 |
|
Debt and other liabilities of CIP |
9,103.0 |
|
(9,103.0) |
|
— |
|
8,967.6 |
|
(8,967.6) |
|
— |
|
Total liabilities |
|
|
$ (9,103.0) |
|
$ 4,914.0 |
|
|
|
$ (8,967.6) |
|
$ 5,121.5 |
|
EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
Total equity attributable to Invesco Ltd. |
|
|
$ — |
|
$ 12,629.9 |
|
|
|
$ — |
|
$ 12,231.0 |
|
Noncontrolling interests (5) |
998.6 |
|
(998.6) |
|
— |
|
773.9 |
|
(773.9) |
|
— |
|
Total equity |
13,628.5 |
|
(998.6) |
|
12,629.9 |
|
13,004.9 |
|
(773.9) |
|
12,231.0 |
|
Total liabilities and equity |
|
|
|
|
$ 17,543.9 |
|
|
|
$ (9,741.5) |
|
$ 17,352.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
This table includes non-GAAP presentations. Assets of CIP are not available for use by Invesco. Additionally, there is no recourse to Invesco for CIP debt. |
||||
|
(2) |
Amounts include Accounts receivable, Property, equipment and software, and Other assets. |
||||
|
(3) |
Amounts include Cash and cash equivalents of CIP. |
||||
|
(4) |
Amounts include Accrued compensation and benefits, Accounts payable and accrued expenses, and Deferred tax liabilities. |
||||
|
(5) |
Amounts include Redeemable noncontrolling interests in consolidated entities and Equity attributable to nonredeemable noncontrolling interests in consolidated entities. |
||||
View original content to download multimedia:https://www.prnewswire.com/news-releases/invesco-reports-results-for-the-three-months-ended-september-30-2026-302920535.html
SOURCE Invesco Ltd.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How did Invesco fund its October 26, 2026 preferred stock repurchase?
Invesco funded the $1.5 billion preferred stock repurchase with a $1.5 billion five-year floating-rate bank term loan. The repurchase involved Series A Preferred Stock held by MassMutual and left $1 billion outstanding.
When will Invesco pay its third-quarter 2026 common dividend?
Invesco will pay its $0.215 per-share common dividend on December 2, 2026, to shareholders of record at the close of business on November 13, 2026.
Why did Invesco's third-quarter 2026 tax rate increase year over year?
The year-over-year tax-rate increase primarily reflected a favorable tax resolution in the third quarter of 2025. That earlier period included a benefit from a reduction in the deferred income tax rate and reversal of a reserve for uncertain tax positions.
How does Invesco include QQQ in its net long-term flows?
Invesco includes QQQ flows in net long-term flows beginning December 20, 2025, when QQQ was restructured from a unit investment trust to an open-end exchange-traded fund. Before that date, QQQ flows were included in non-management fee earning flows.