IVZ · Full Picture

Invesco Ltd. — the full picture

Earnings window · 2026-07-14 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 84
    +64.7% revenue (realized); 2 sources (news, sec_filing); structured_verified
    Three months ended June 30, 2026 Operating revenues: $1,825.6 million (up from $1,515.5 million).
  2. Operating Income and Margins · Operating income & profitabilityPriority 76
    +63.0% net_income (realized); structured_verified
    Three months ended June 30, 2026 Net income attributable to Invesco Ltd.: $345.3 million (compared to $(12.5) million).
  3. Operating Expense Trends · Operating expenses (SG&A)Priority 70
    -17.6% operating_income (realized); quote_verified
    Total operating expenses for three months ended June 30, 2026: $1,461.4 million versus $1,301.3 million, an increase of $160.1 million or 12.3%.
  4. FX / Currency Impact · Currency / FXPriority 68
    +35.2% revenue (realized); quote_verified
    Goodwill and intangible assets, net decreased from $12,404.4 million at December 31, 2025 to $12,306.0 million at June 30, 2026; the decrease includes foreign exchange impacts of $82.2 million and amortization of $16.2 million.
  5. AUM Growth and Flows · UnclassifiedPriority 65
    3 forward row(s); quote_verified
    Average AUM for the second quarter of 2026: $2.4 trillion, an increase of $471.4 billion or 24.8% compared to the same quarter in the prior year.
  6. Product Launch and Transition · Products & launchesPriority 57
    -3.0% revenue (realized); quote_verified
    For the three months ended June 30, 2026, Service and distribution fees were $309.9 million compared to $363.8 million for three months ended June 30, 2025; decrease primarily due to elimination of QQQ's pass-through service revenues after its conversion.
  7. Interest Rate Environment · Interest ratesPriority 53
    2 sources (news, sec_filing); quote_verified
    Interest expense for the three months ended June 30, 2026: $23.6 million versus $20.7 million for the three months ended June 30, 2025, primarily due to higher borrowings on the Revolving Credit Agreement and partially offset by redemption of $500.0 million senior notes which matured on January 15, 2026.
  8. Market Demand Trends · Demand, orders & backlogPriority 52
    quote_verified
    California State Teachers Retirement System increased its stake in Invesco by 23.4% in the first quarter to 417,476 shares valued at $10.1 million.
  9. Assets Under Management Growth · UnclassifiedPriority 51
    quote_verified
    Ending assets under management grew to $2.47 trillion, up 23% year-over-year.
  10. Liquidity and Debt Position · Debt, leverage & refinancingPriority 50
    -2.1% cash (realized); structured_verified
    Reduced debt in the second quarter by $342.7 million.
  11. Capital Return Program · Buybacks & dividendsPriority 48
    -0.3% cash (realized); 2 sources (news, sec_filing); 3 forward row(s); quote_verified
    During the three months ended June 30, 2026, the company repurchased 1.9 million common shares for $50.0 million in the open market (three months ended June 30, 2025: 1.7 million for $25.0 million); during the six months ended June 30, 2026 repurchased 3.4 million for $90.0 million (six months ended June 30, 2025: 3.2 million for $50.0 million). At June 30, 2026, $1,142.2 million remains available under the share repurchase authorizations.
  12. Net Income and Profitability · Operating income & profitabilityPriority 47
    quote_verified
    Q2 2026 net income: US$382.3 million.

Threads by pillar

Revenue & Demand Priority 92 · 5 threads

Costs & Margins Priority 83 · 3 threads

Capital & Balance Sheet Priority 72 · 5 threads

Strategy & Portfolio Priority 40 · 1 thread

Legal, Regulatory & Policy Priority 42 · 1 thread

Macro & Market Conditions Priority 74 · 2 threads

Unclassified Priority 73 · 4 threads

Expected impact by metric

metricforward netforward grossrealized
cash——-2.0%
assets——-0.4%
operating_income——+23.5%
net_income——+63.5%
revenue——+99.3%
liability——-0.9%