IVZ · 10-Q · 2026Q2

Invesco Ltd.

Filed 2026-08-04 · Financials · View original filing on EDGAR

Ranked Events

• Product Launch and TransitionImportance 91 · Surprise 92
  QQQ converted to an open-end fund ETF on December 20, 2025, causing its flows to be classified as long-term flows rather than non-management-fee-earning AUM. QQQ generated $13.8 billion of quarterly net long-term…
• AUM Growth and FlowsImportance 73 · Surprise 66
  Ending AUM increased 23.4% year over year to $2,470.3 billion at June 30, 2026, while average AUM rose 24.8% in the second quarter to $2,368.8 billion. Second-quarter net long-term inflows reached a record $45.1…
• Revenue Performance and MixImportance 73 · Surprise 66
  Six-month operating revenues increased 17.3% year over year to $3,570.1 million, while net revenues increased 17.2% to $2,593.4 million. Investment management fees rose 29.2% to $2,844.0 million, primarily because QQQ…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Six-month operating cash flow excluding CIP increased to $572.5 million in 2026 from $366.5 million in 2025, a 56.2% year-over-year improvement. The increase was primarily driven by operating income and changes in…
• Capital Return ProgramImportance 69 · Surprise 64
  Invesco repurchased 3.4 million common shares for $90.0 million in the first six months of 2026, compared with 3.2 million shares for $50.0 million in the prior-year period. The company paid $192.1 million of common…
• Operating Income and MarginsImportance 69 · Surprise 64
  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…
• Operating Expense TrendsImportance 69 · Surprise 64
  Six-month operating expenses increased 12.5% to $2,872.7 million, including a 21.7% increase in third-party distribution, service and advisory costs to $1,228.5 million. Third-party costs rose primarily because of QQQ…
• Liquidity and Debt PositionImportance 68 · Surprise 58
  Debt carrying value decreased to $1,624.0 million at June 30, 2026 from $1,825.1 million at December 31, 2025 after redemption of $500.0 million of senior notes that matured on January 15, 2026 and net Revolving Credit…
• Interest Rate EnvironmentImportance 66 · Surprise 74
  Interest expense rose to $47.9 million for the six months ended June 30, 2026 from $33.8 million a year earlier, a 41.7% increase. The increase primarily reflected higher borrowings under the Revolving Credit Agreement…
• Other Gains and LossesImportance 63 · Surprise 64
  Other gains and losses increased to a $105.4 million gain for the six months ended June 30, 2026 from a $35.4 million gain in the prior-year period. The $70.0 million increase represented a 197.7% year-over-year change…
• Liquidity and Cash PositionImportance 54 · Surprise 40
  Cash and cash equivalents declined $122.1 million to $915.4 million at June 30, 2026 from $1,037.5 million at December 31, 2025. Available borrowing capacity under the Revolving Credit Agreement declined to $1,764.0…
• Acquisition / Partnership / DivestitureImportance 47 · Surprise 60
  Invesco completed the sale of management agreements for 98 Canadian funds to CI GAM on June 1, 2026. The transaction reduced AUM by $11.0 billion and generated an $11.7 million net benefit in second-quarter general and…
• Geographic Market CommentaryImportance 45 · Surprise 64
  The Americas generated $30.8 billion of quarterly net long-term inflows, compared with $8.2 billion in APAC and $6.1 billion in EMEA. On a six-month basis, net long-term inflows were $31.8 billion in the Americas,…
• Distribution ChannelsImportance 44 · Surprise 24
  Retail remained Invesco’s stronger internal distribution channel, producing $47.3 billion of quarterly net long-term inflows, while institutional AUM recorded $2.2 billion of net long-term outflows. Six-month retail…
• Regulatory RiskImportance 36 · Surprise 14
  Certain Invesco subsidiaries must maintain minimum regulatory capital, liquidity and working-capital levels, which can restrict capital withdrawals, intercompany-loan repayments and dividends. Invesco reported…
• FX / Currency ImpactImportance 19 · Surprise 6
  Foreign-exchange movements increased Invesco’s investment management fees by $27.2 million for the six months ended June 30, 2026 compared with the prior-year period. The same currency movements increased operating…
• Income Tax Rate ChangesImportance 15 · Surprise 14
  The six-month effective tax rate increased to 26.2% for 2026 from 25.0% for 2025, a 1.2-percentage-point increase. The higher rate was primarily driven by the unfavorable effect of increased net loss attributable to…

Revenue by Product (in millions)

Revenue by Geography (in millions)