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Invesco Ltd.

IVZ

Invesco Ltd. • NYSE
$24.45 ▼ -0.33% (-0.08)
Market Cap $10.88 B
52w High $24.79
52w Low $11.60
Dividend Yield 0.83%
P/E 16.63
Volume 1.37M
Outstanding Shares 445.15M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.98B ▲ $1.369B ▲ $296.7M ▲ 9.955% ▼ $0.67 ▲ $265.1M ▼
Q2-2025 $1.516B ▼ $290.2M ▲ $203.4M ▼ 13.421% ▼ $0.31 ▼ $335.2M ▼
Q1-2025 $1.529B ▼ $278.3M ▼ $230.3M ▼ 15.06% ▼ $0.38 ▼ $399.5M ▲
Q4-2024 $1.593B ▲ $290.9M ▲ $268.5M ▲ 16.855% ▲ $0.46 ▲ $373.9M ▲
Q3-2024 $1.515B $289.9M $114.2M 7.536% $0.12 $202.5M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $973.1M ▲ $28.439B ▼ $13.647B ▲ $14.006B ▲
Q2-2025 $922.7M ▲ $28.497B ▲ $13.538B ▲ $13.873B ▼
Q1-2025 $821.7M ▼ $28.144B ▲ $12.356B ▲ $14.699B ▲
Q4-2024 $1.496B ▼ $27.009B ▼ $11.34B ▼ $14.56B ▼
Q3-2024 $1.639B $27.503B $11.596B $14.754B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $356.4M ▲ $606.2M ▲ $-254.8M ▲ $-310.1M ▲ $31.9M ▲ $586.4M ▲
Q2-2025 $-267.3M ▼ $547.9M ▲ $-275.4M ▼ $-724.8M ▼ $-381.5M ▼ $571.3M ▲
Q1-2025 $267.3M ▲ $-84.6M ▼ $-92M ▼ $529.3M ▲ $377.4M ▲ $-108M ▼
Q4-2024 $238.7M ▲ $316.9M ▼ $-16.9M ▼ $-392.5M ▲ $-143.4M ▼ $323.9M ▼
Q3-2024 $103.6M $438.4M $27.9M $-409.1M $98.1M $410M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Distribution and Shareholder Service
Distribution and Shareholder Service
 $360.00M ▲$380.00M ▲$370.00M ▼$360.00M ▼
Financial Service Other
Financial Service Other
 $50.00M ▲$50.00M ▲$50.00M ▲$50.00M ▲
Investment Advice
Investment Advice
 $1.10Bn ▲$1.13Bn ▲$1.10Bn ▼$1.10Bn ▲
Investment Performance
Investment Performance
 $0 ▲$30.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Invesco’s revenue has been relatively steady over the past several years, though it has not shown strong, consistent growth. Profitability has been more volatile: results were strong a few years ago, dipped into a loss at the operating and net level in 2023, and then recovered back to decent but not standout profits most recently. This pattern suggests the business is sensitive to market conditions and flows, but also that management has been able to stabilize earnings after a tough period. Overall, the income statement shows a resilient franchise, but one that has not yet regained its prior peak profitability and still faces margin pressure.

Balance Sheet

Balance Sheet The balance sheet looks generally sound but shows a company that has been slimming down. Total assets have gradually declined, likely reflecting strategic refocusing rather than distress. Debt remains meaningful but has been nudged lower over time, while shareholders’ equity has stayed broadly stable. Cash levels move around from year to year but do not show any clear signs of strain. In short, Invesco appears reasonably well-capitalized with manageable leverage, though it doesn’t have an overly cushy balance sheet either.

Cash Flow

Cash Flow Cash generation is a relative strength. Invesco has produced positive operating cash flow every year in the period shown, even when earnings were under pressure. Free cash flow has also remained consistently positive, helped by modest capital spending needs. This pattern indicates that, despite earnings volatility, the core business converts a good share of its revenue into cash. That gives the company flexibility to service debt, pay dividends or buybacks when appropriate, and invest in new initiatives without relying heavily on external financing.

Competitive Edge

Competitive Edge Invesco operates in a very competitive asset management industry, where fee pressure, the shift to low-cost index products, and performance scrutiny are constant challenges. Its main advantages are breadth and scale: it offers a wide menu of mutual funds, ETFs, and alternative products across regions, and benefits from an established brand and distribution relationships. The firm is a notable player in ETFs and is building out its presence in alternatives, both of which can support growth if executed well. However, competition from giant global managers and low-cost passive providers remains intense, so maintaining differentiation and performance is critical.

Innovation and R&D

Innovation and R&D While asset managers do not report “R&D” the way technology firms do, Invesco is clearly investing in innovation. It is leaning into data analytics and artificial intelligence to inform investment decisions and personalize client solutions, upgrading its digital platforms, and using cloud infrastructure to increase efficiency. The company is also active in product innovation, especially in ETFs (including more specialized and actively managed strategies) and in alternative investments, supported by proprietary tools for portfolio analysis. Additionally, it is exploring emerging areas like blockchain and tokenization. These efforts could strengthen its offering and operating efficiency over time, but they also carry execution risk and will face fast-following competitors.

Summary

Invesco looks like a solid, globally diversified asset manager in the midst of a strategic and technological transition. Financially, it has shown resilience: revenue is fairly steady, profits have recovered from a weak patch, and cash flow is consistently positive, though profitability has not fully returned to earlier highs. The balance sheet appears reasonably robust with manageable debt. Competitively, the firm has meaningful strengths in ETFs and alternatives and is actively using technology and AI to modernize its platform and client experience. The main uncertainties are ongoing fee and performance pressure across the industry, sensitivity to market cycles, and the need to successfully execute on its digital and product innovation agenda to translate these initiatives into durable growth and stronger margins.

NEWS

November 20, 2025 · 8:30 AM UTC

Invesco Provides Estimated Capital Gain Distribution Information for 2025

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November 11, 2025 · 4:15 PM UTC

Invesco Ltd. Announces October 31, 2025 Assets Under Management

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November 3, 2025 · 12:00 PM UTC

Invesco Closed-End Funds Declare Dividends

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October 30, 2025 · 4:15 PM UTC

Invesco Mortgage Capital Inc. Reports Third Quarter 2025 Financial Results

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October 28, 2025 · 6:55 AM UTC

Invesco Reports Results for the Three Months Ended September 30, 2025

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