IVZ · 10-Q · 2026Q2 · Full report
Operating Income and Margins
Invesco Ltd. · 2026-08-04 · Importance 69 · Surprise 64 · No source text
Six-month GAAP operating income increased 41.9% to $697.4 million from $491.5 million, while second-quarter operating income increased 70.0% to $364.2 million from $214.2 million. Six-month operating margin expanded to 19.5% from 16.1%, and second-quarter operating margin expanded to 19.9% from 14.1%. Six-month adjusted operating income increased 34.7% to $934.7 million from $693.9 million, with adjusted operating margin rising to 36.0% from 31.4%. The six-month adjusted results included $144.9 million of Invesco Great Wall operating income, $30.6 million of CIP adjustments, $16.2 million of intangible amortization, and $57.3 million of deferred-compensation market-valuation expense.
Key facts
- Three months ended June 30, 2026 Net income attributable to Invesco Ltd.: $345.3 million (compared to $(12.5) million). source
- Three months ended June 30, 2026 Adjusted operating income: $498.7 million (up from $344.4 million). source
- Adjusted operating income, three months ended June 30, 2026: $498.7 million; three months ended June 30, 2025: $344.4 million; six months ended June 30, 2026: $934.7 million; six months ended June 30, 2025: $693.9 million. source
- Net income/(loss) attributable to Invesco Ltd., three months ended June 30, 2026: $345.3 million; three months ended June 30, 2025: $(12.5) million; six months ended June 30, 2026: $575.7 million; six months ended June 30, 2025: $158.6 million. source
- Three months ended June 30, 2026 Operating income: $364.2 million (up from $214.2 million). source
- Operating income, U.S. GAAP basis, three months ended June 30, 2026: $364.2 million; three months ended June 30, 2025: $214.2 million; six months ended June 30, 2026: $697.4 million; six months ended June 30, 2025: $491.5 million. source
- Adjusted net income attributable to Invesco Ltd., three months ended June 30, 2026: $322.3 million; three months ended June 30, 2025: $165.2 million; six months ended June 30, 2026: $583.1 million; six months ended June 30, 2025: $365.7 million. source
- Three months ended June 30, 2026 Diluted EPS: $0.76 (vs $(0.03)). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +22.9% | Net income/(loss) attributable to Invesco Ltd., three months ended June 30, 2026: $345.3 million; three months ended June 30, 2025:… |
| net_income | positive | realized | +19.6% | Three months ended June 30, 2026 Net income attributable to Invesco Ltd.: $345.3 million (compared to $(12.5) million). |
| operating_income | positive | realized | +13.2% | Adjusted operating income, three months ended June 30, 2026: $498.7 million; three months ended June 30, 2025: $344.4 million; six months… |
| net_income | positive | realized | +11.9% | Adjusted net income attributable to Invesco Ltd., three months ended June 30, 2026: $322.3 million; three months ended June 30, 2025:… |
| operating_income | positive | realized | +11.3% | Operating income, U.S. GAAP basis, three months ended June 30, 2026: $364.2 million; three months ended June 30, 2025: $214.2 million; six… |
| net_income | positive | realized | +8.6% | Adjusted net income attributable to Invesco Ltd., three months ended June 30, 2026: $322.3 million; three months ended June 30, 2025:… |
| operating_income | positive | realized | +8.4% | Three months ended June 30, 2026 Adjusted operating income: $498.7 million (up from $344.4 million). |
| operating_income | positive | realized | +8.2% | Three months ended June 30, 2026 Operating income: $364.2 million (up from $214.2 million). |
| net_income | positive | realized | — | Adjusted diluted EPS, three months ended June 30, 2026: $0.71; three months ended June 30, 2025: $0.36; six months ended June 30, 2026:… |