Invesco reports results on Tuesday 27 October, before the market opens. Although the company is selling more, it is keeping less of each sale; revenue over the twelve months to Q2 2026 was $6.9 billion, which rose 12.2% on the year before.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $0.61 | $0.44 |
| Dec '25 | $0.62 | $0.58 |
| Mar '26 | $0.57 | $0.58 |
| Jun '26 | $0.71 | $0.66 |
What analysts expect
For the quarter, the analysts’ average EPS estimate is $0.74, in a range from $0.71 to $0.76, while the average revenue estimate for the quarter is $1.4 billion. The analysts’ average estimate for full-year EPS stands at $2.80, which would be up 38.1% on last year (based on 14 analysts), and that estimate has risen 0.8% over the past 90 days. Of the analysts’ recommendations, 6 are positive, 9 neutral and 0 negative.
Earnings surprise model
The model estimates EPS could land above the analysts’ average estimate by 3.6%, with an estimated chance of an EPS beat at 62.5% based on the last 4 quarters. It shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency, making this small sample a reference estimate rather than company guidance.
Track record against estimates
The company reported EPS above the analysts’ average estimate in 3 of the last 4 quarters. Last quarter, EPS of $0.71 compared with an estimate of $0.66, exceeding it by 7.2%.
The trends going in
Growth is speeding up, as that growth rate was up 4.5 percentage points on the rate a quarter earlier. However, the trailing operating margin was negative at −7.1%, down 21.8 percentage points from a year earlier, while the trailing net margin was also negative at −4.5%. Over the twelve months, the company made a net loss of $309.2 million.
The cash picture
The cash flow statement reads better than the income statement, and the average diluted share count fell 0.6% over the year.
How today compares
In the context of past results, today’s operating margin of −7.1% is higher than 9% of the company’s own past quarterly readings, which have ranged from −10.9% to 27.2%. Today’s twelve-month revenue growth rate of 12.2% is higher than 75% of past readings (−15.0% to 37.8%).
Questions this report will answer
Whether the pick-up in revenue growth continues, and whether results land above or below the analysts’ expectations set out above. It also addresses whether margins hold at the trailing levels above, as the next filing will show whether the trends above continue, slow or reverse.
What it means for our valuation
These trends feed directly into what the shares are worth in our model. In our model, growth 5 percentage points lower would lower the value by 26.2%, and 5 percentage points higher would raise it by 33.9%. A free-cash-flow margin 1 percentage point lower would lower it by 3.7%.
