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Invesco (IVZ) stock

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NYSE: IVZ NYSE Asset Management & Custody Banks Next results ~January 26, 2027

C+ Fundamentals grade

Invesco is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Invesco files

Where Invesco stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $6.90bn, up 12.2% on a year earlier, faster than 7.7% a quarter earlier.

Our model value for Invesco is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 26, 2027 (estimated)

Invesco's trailing-twelve-month revenue grew 12.2% year on year, with a free-cash-flow margin of 27.8%. Where it stands out: stock pay as % of revenue of 1.5% ranks 6 of 40 asset management & custody banks companies we cover. Where it lags: net margin of -4.5% ranks 36 of 43 asset management & custody banks companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 12.2% (+4.5pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 4.5 points higher than a quarter earlier.
  • Strong cash generation. 27.8% of revenue turned into free cash flow.

Things to watch

  • Loss-making. Operating margin is -7.1%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 21.8 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 34% and a beta of 1.7 against the S&P 500.
  • Short interest rising. Shares sold short rose 25% in a month to 5.4% of tradable shares.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.72 against an average estimate of $0.74: missed by 2.5%
Revenue
$1.83bn, up 20.5% on a year earlier
Share reaction
+0.5% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Next report
January 26, 2027; average EPS estimate $0.78

Invesco's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.0%
  • 1 week-2.7%
  • 1 month-9.4%
  • This year+8.1%
  • 1 year+20.9%
  • 5 years+29.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.9B
Operating margin
-7.1%
Net margin
-4.5%
EPS (TTM, diluted)
$-0.68

Growth

Revenue growth
+12.2%
Change in growth rate
+4.5 pts
Share count change
−0.6%

Earnings

Last results
October 27, 2026
Next results (est.)
January 26, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Agreement
  4. Our research
  5. Announcement
  6. Announcement
  7. Insider trade
  8. Insider trade
  9. Insider trade
  10. Insider trade
  11. Leadership
  12. Announcement
  13. Results
  14. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Invesco valuation models and calculator

No model value for Invesco at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Invesco as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.99 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$30 ~$25–$39 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$11 ~$7.3–$15 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$6.4 ~$5.8–$7.2 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$34 ~$36–$97 Left out: far from the other models (more than 3x away from their median)
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$6.5 ~$5.8–$7.3 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Invesco with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

64 /100

Moderate moat

How hard Invesco's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 1.9% of total assets over 10 years.

  • Durability 5 / 20

    Operating margin has been a median 16.7%; its worst year was -7.4%.

  • Discipline 17 / 20

    The diluted share count fell 2.2% over five years; stock-based pay has been a median 2.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (70 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 26, 2027, before the open. Analysts expect revenue of $1.4bn and EPS of $0.78 (range $0.75 to $0.80) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.80 +38% $5.4bn +16%
Next $3.27 +17% $5.8bn +8%

Next year's EPS estimate has moved +1.0% in 90 days, across 15 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.8% on 90 days ago. In the last 30 days, 3 analysts raised Invesco's forecast and 4 cut it.

Consensus EPS forecast Invesco, last 90 days
$2.60 $2.80 $3.00 $3.20 $3.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.78 Current fiscal year, 60 days ago: $2.81 Current fiscal year, 30 days ago: $2.81 Current fiscal year, 7 days ago: $2.80 Current fiscal year, Now: $2.80 $2.80 Next fiscal year, 90 days ago: $3.24 Next fiscal year, 60 days ago: $3.26 Next fiscal year, 30 days ago: $3.26 Next fiscal year, 7 days ago: $3.25 Next fiscal year, Now: $3.27 $3.27

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.78$3.24
60 days ago $2.81$3.26
30 days ago $2.81$3.26
7 days ago $2.80$3.25
Now $2.80$3.27

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.74 $0.72 −2.5%
Jun 2026 $0.66 $0.71 +7.2%
Mar 2026 $0.58 $0.57 −1.2%
Dec 2025 $0.58 $0.62 +7.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 27, 2026

No numeric guidance in Invesco's latest earnings release (filed October 27, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

15 analysts, Oct 2026
Buy640%
Hold960%
Sell00%

Monthly trend

  1. Oct 202624915
  2. Sep 202623914
  3. Aug 202613913
  4. Jul 202613913

Counts of recommendations published by analysts covering Invesco, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.4%
of tradable shares
Days to cover
3.46
at average volume
Short interest, 1 month
+25%
to October 15, 2026
Held by institutions
98%
of shares
Held by insiders
0.6%
of shares
Employees
7,405
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +20.9%

$22.97 on October 31, 2025 to $27.77

ThenNowEffect
Revenue (last 12 months) $6.2bn $6.9bn +12.2%
P/S multiple 1.7x 1.8x +7.1%
Share count 458m 455m +0.6%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +128.1%

$12.17 on November 3, 2023 to $27.77

ThenNowEffect
Revenue (last 12 months) $5.8bn $6.9bn +20.0%
P/S multiple 1.0x 1.8x +88.5%
Share count 458m 455m +0.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
IVZ+36%−19%+4%+3%+57%+8%
Industry peers (median)+33%−17%+19%+15%−4%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
IVZ67%42%42%50%75%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
IVZ−25%−43%−36%−21%−37%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 80% from January 26, 2018 to May 15, 2020. Getting back needed a 393% gain, reached on December 5, 2025, 2030 days after the low.

Price behaviour

52-week range
$21.94 – $33.31
From 52-week high
−16.6%
vs 50-day average
−8.8%
vs 200-day average
+0.1%
Volatility (1 year)
34%
Beta vs S&P 500
1.71

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±4.6%
After a week
6 up, 5 down
typical move ±5.7%
After a month
7 up, 4 down
typical move ±6.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 +0.5% +0.9% — —
July 28, 2026 −6.8% −1.3% +6.3% +10.3%
April 28, 2026 +0.6% −0.5% +5.3% +11.0%
January 27, 2026 −3.7% +0.4% −7.3% −4.6%
October 28, 2025 +2.7% +0.3% −0.9% +5.5%
July 22, 2025 +6.1% +0.9% +7.5% +3.9%
April 22, 2025 +8.4% +4.2% +12.0% +19.1%
January 28, 2025 +7.0% +0.4% +3.6% −2.0%
October 22, 2024 −2.9% −1.0% −0.5% −2.2%
July 23, 2024 +0.5% −2.4% +4.4% +2.8%
April 23, 2024 −6.8% +1.1% −9.0% +2.7%
January 23, 2024 −9.0% +0.4% −6.4% −9.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Invesco in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Invesco
$5.5B $6B $6.5B $7B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $5.7B Revenue (TTM), FY23 Q4: $5.7B Revenue (TTM), FY24 Q1: $5.8B Revenue (TTM), FY24 Q2: $5.8B Revenue (TTM), FY24 Q3: $5.9B Revenue (TTM), FY24 Q4: $6.1B Revenue (TTM), FY25 Q1: $6.1B Revenue (TTM), FY25 Q2: $6.2B Revenue (TTM), FY25 Q3: $6.3B Revenue (TTM), FY25 Q4: $6.4B Revenue (TTM), FY26 Q1: $6.6B Revenue (TTM), FY26 Q2: $6.9B $6.9B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $5.7B
FY23 Q4 $5.7B
FY24 Q1 $5.8B
FY24 Q2 $5.8B
FY24 Q3 $5.9B
FY24 Q4 $6.1B
FY25 Q1 $6.1B
FY25 Q2 $6.2B
FY25 Q3 $6.3B
FY25 Q4 $6.4B
FY26 Q1 $6.6B
FY26 Q2 $6.9B
Revenue growth, TTM YoY Invesco
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -9.8% Revenue growth, TTM YoY, FY23 Q4: -5.5% Revenue growth, TTM YoY, FY24 Q1: -1.1% Revenue growth, TTM YoY, FY24 Q2: 1.1% Revenue growth, TTM YoY, FY24 Q3: 2.5% Revenue growth, TTM YoY, FY24 Q4: 6.1% Revenue growth, TTM YoY, FY25 Q1: 6.0% Revenue growth, TTM YoY, FY25 Q2: 5.8% Revenue growth, TTM YoY, FY25 Q3: 6.6% Revenue growth, TTM YoY, FY25 Q4: 5.1% Revenue growth, TTM YoY, FY26 Q1: 7.7% Revenue growth, TTM YoY, FY26 Q2: 12.2% 12.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -9.8%
FY23 Q4 -5.5%
FY24 Q1 -1.1%
FY24 Q2 1.1%
FY24 Q3 2.5%
FY24 Q4 6.1%
FY25 Q1 6.0%
FY25 Q2 5.8%
FY25 Q3 6.6%
FY25 Q4 5.1%
FY26 Q1 7.7%
FY26 Q2 12.2%
Operating margin (TTM) Invesco
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 15.4% Operating margin (TTM), FY23 Q4: -7.6% Operating margin (TTM), FY24 Q1: -7.5% Operating margin (TTM), FY24 Q2: -7.4% Operating margin (TTM), FY24 Q3: -9.4% Operating margin (TTM), FY24 Q4: 13.7% Operating margin (TTM), FY25 Q1: 14.6% Operating margin (TTM), FY25 Q2: 14.7% Operating margin (TTM), FY25 Q3: 17.1% Operating margin (TTM), FY25 Q4: -10.9% Operating margin (TTM), FY26 Q1: -9.7% Operating margin (TTM), FY26 Q2: -7.1% -7.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 15.4%
FY23 Q4 -7.6%
FY24 Q1 -7.5%
FY24 Q2 -7.4%
FY24 Q3 -9.4%
FY24 Q4 13.7%
FY25 Q1 14.6%
FY25 Q2 14.7%
FY25 Q3 17.1%
FY25 Q4 -10.9%
FY26 Q1 -9.7%
FY26 Q2 -7.1%
FCF margin (TTM) Invesco
10% 15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 14.8% FCF margin (TTM), FY23 Q4: 19.9% FCF margin (TTM), FY24 Q1: 20.8% FCF margin (TTM), FY24 Q2: 23.7% FCF margin (TTM), FY24 Q3: 25.0% FCF margin (TTM), FY24 Q4: 18.5% FCF margin (TTM), FY25 Q1: 17.8% FCF margin (TTM), FY25 Q2: 18.8% FCF margin (TTM), FY25 Q3: 21.2% FCF margin (TTM), FY25 Q4: 22.6% FCF margin (TTM), FY26 Q1: 26.5% FCF margin (TTM), FY26 Q2: 27.8% 27.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 14.8%
FY23 Q4 19.9%
FY24 Q1 20.8%
FY24 Q2 23.7%
FY24 Q3 25.0%
FY24 Q4 18.5%
FY25 Q1 17.8%
FY25 Q2 18.8%
FY25 Q3 21.2%
FY25 Q4 22.6%
FY26 Q1 26.5%
FY26 Q2 27.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 2,627 3,488 3,982 4,050 4,645 5,147 5,123 4,734 5,160 5,314 6,117 6,146 6,895 6,049 5,716 6,067 6,377 6,903
EBITDA 562 687 1,000 938 1,209 1,366 1,452 1,254 1,396 1,347 986 1,124 1,994 1,513 −252 1,012 −540 −350
Operating income 484 590 882 843 1,120 1,277 1,358 1,152 1,279 1,205 808 920 1,788 1,318 −435 832 −696 −490
Net income 323 466 730 677 940 988 968 854 1,127 883 565 525 1,393 684 −334 538 −726 −309
Diluted EPS $0.76 $1.01 $1.57 $1.49 $2.10 $2.27 $2.26 $2.06 $2.75 $2.14 $1.28 $1.13 $2.99 $1.49 −$0.73 $1.18 −$1.60 −$0.68
Growth (year on year)
Revenue −20.6% +32.7% +14.2% +1.7% +14.7% +10.8% −0.5% −7.6% +9.0% +3.0% +15.1% +0.5% +12.2% −12.3% −5.5% +6.1% +5.1% +12.2%
EBITDA −31.1% +22.2% +45.6% −6.2% +28.9% +13.0% +6.3% −13.7% +11.4% −3.5% −26.8% +14.0% +77.4% −24.1% −116.7% — −153.4% −132.6%
Operating income −35.2% +21.8% +49.5% −4.5% +32.9% +14.0% +6.4% −15.2% +11.0% −5.8% −32.9% +13.9% +94.3% −26.3% −133.0% — −183.6% −154.2%
Net income −33.0% +44.4% +56.7% −7.2% +38.9% +5.1% −2.0% −11.8% +32.0% −21.7% −36.0% −7.1% +165.4% −50.9% −148.8% — −235.0% −173.1%
Diluted EPS −37.2% +32.9% +55.4% −5.1% +40.9% +8.1% −0.4% −8.8% +33.5% −22.2% −40.2% −11.7% +164.6% −50.2% −149.0% — −235.6% −173.6%
Margins
EBITDA margin 21.4% 19.7% 25.1% 23.1% 26.0% 26.5% 28.3% 26.5% 27.1% 25.3% 16.1% 18.3% 28.9% 25.0% −4.4% 16.7% −8.5% −5.1%
Operating margin 18.4% 16.9% 22.2% 20.8% 24.1% 24.8% 26.5% 24.3% 24.8% 22.7% 13.2% 15.0% 25.9% 21.8% −7.6% 13.7% −10.9% −7.1%
Net margin 12.3% 13.4% 18.3% 16.7% 20.2% 19.2% 18.9% 18.0% 21.8% 16.6% 9.2% 8.5% 20.2% 11.3% −5.8% 8.9% −11.4% −4.5%
Free-cash-flow margin 12.3% 8.3% 21.5% 17.8% 14.9% 20.7% 19.6% 10.7% 20.3% 13.7% 16.2% 18.1% 14.1% 8.4% 19.9% 18.5% 22.6% 27.8%
Cash flow
Cash from operations 363 379 965 819 780 1,200 1,128 654 1,158 829 1,117 1,230 1,078 703 1,301 1,190 1,525 2,009
Capital spending 40 90 107 99 88 133 125 148 112 103 124 115 109 193 164 69 84 88
Free cash flow 323 290 858 720 692 1,067 1,004 506 1,046 726 992 1,115 969 510 1,137 1,121 1,441 1,921
Stock-based pay 91 118 115 136 133 138 150 160 175 172 208 189 140 106 115 105 80 106
Free cash flow after stock pay 232 172 743 584 559 929 854 347 871 554 785 927 829 404 1,022 1,016 1,361 1,814
Balance sheet
Cash 762 741 727 836 1,331 1,514 1,851 1,328 2,006 1,148 1,049 1,408 1,896 1,235 1,469 987 1,038 915
Total debt 746 1,316 1,285 1,186 1,589 1,577 2,073 2,102 2,076 2,409 2,080 2,083 2,085 1,488 1,490 891 1,825 1,624
Net debt (negative = net cash) −16 575 557 351 257 63 221 774 69 1,261 1,031 674 189 253 20 −96 788 709
Diluted shares 424m 463m 465m 454m 449m 436m 429m 415m 410m 413m 441m 463m 465m 460m 456m 458m 455m 455m
Returned to shareholders
Dividends 169 198 221 289 380 424 455 460 472 491 529 357 308 335 358 372 377 382
Buybacks 0 192 437 265 471 270 624 535 64 0 111 47 61 245 188 79 124 175
Total returned 169 390 657 554 850 694 1,078 995 535 491 640 405 369 580 545 451 501 556

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$175M
Dividends (TTM)
$382M
Returned to shareholders
29%
of free cash flow
Buybacks, last 3 fiscal years
$390M
Diluted share count
−0.6%
year over year
Total shareholder yield
4.5%
dividends 3.1% + buybacks 1.4% of market value

Competitors: side by side with peers

Closest by revenue in asset management & custody banks
Last 12 months unless stated IVZ TROW BAM ARES BEN TPG Median
Revenue, last 12 months $6.9bn $7.7bn $5.7bn $5.3bn $9.3bn $5.1bn $858m
Revenue growth, last 12 months 12.2% 6.9% 31.9% 28.5% 7.9% 30.1% 17.2%
Revenue growth, 3-year average 6.3% 6.7% — 18.9% 6.1% 31.0% 10.2%
Revenue growth, latest quarter 20.5% 5.9% 60.8% 24.3% 14.3% 100.0% 14.4%
Operating margin −7.1% 32.0% — — 9.7% — 25.8%
Operating margin, 3-year average 0.1% 31.6% — — 8.3% — 18.8%
Net margin −4.5% 28.4% 53.4% 12.0% 8.7% 4.7% 15.2%
Cash from operations / revenue 29.1% 24.2% 40.7% 17.2% 3.0% 19.2% 26.4%
Free-cash-flow margin 27.8% 20.7% 40.3% 17.2% 1.7% 16.0% 21.9%
Free-cash-flow margin, 3-year average 23.4% 19.2% 51.0% 47.3% 10.4% 16.6% 17.6%
Stock pay / revenue 1.5% 2.8% 2.4% 13.3% 1.6% 17.5% 3.7%
Change in share count −0.6% −2.4% — — −0.2% 3.9% −0.2%

Median of all 43 companies we cover in asset management & custody banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

43 asset management & custody banks companies
Measure Company Peer median Rank
Revenue growth Growth 12.2% 17.2% 26 of 43
Change in growth rate Growth +4.5pp +1.0pp 14 of 43
Operating margin Profitability -7.1% 23.7% 21 of 27
Net margin Profitability -4.5% 15.2% 36 of 43
Stock pay as % of revenue Cash generation 1.5% 4.3% 6 of 40
Change in share count Balance sheet -0.6% -0.3% 15 of 33

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Investment Advice $4.6B 72.4% ▲ 6.3%
Distribution and Shareholder Service $1.5B 23.8% ▲ 2.6%
Financial Service Other $202M 3.2% ▲ 1.8%
Investment Performance $41.5M 0.7% ▼ 10.6%
Geography
Region Revenue Share YoY
Americas $4.8B 74.7% ▲ 2.4%
EMEA $1.3B 20.6% ▲ 15.1%
Asia Pacific $295M 4.6% ▲ 9.0%

From Invesco's 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$11.2B
Institutions reporting
664
Shares held vs prior quarter
▲ 1.4%
Positions opened / closed
92 / 61

Top buyers and sellers, Q2 2026: 354 institutions bought and 281 sold ; the biggest buyer was Amundi (+3.0M shares) and the biggest seller Millennium Management LLC (−6.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Massachusetts Mutual Life Insurance Co $2.1B 81.3M 19.1% 0.0%
Blackrock, Inc. $1B 38.7M 9.1% ▼ 0.1%
Vanguard Capital Management LLC $742M 28.1M 6.6% ▲ 0.5%
Dimensional Fund Advisors LP $573M 21.7M 5.1% ▲ 1.7%
Vanguard Portfolio Management LLC $487M 18.5M 4.3% ▼ 4.2%
State Street Corp $443M 16.8M 3.9% ▲ 0.5%
Millennium Management LLC $414M 15.7M 3.7% ▼ 27.5%
AQR Capital Management LLC $333M 12.6M 3.0% ▲ 0.6%
Geode Capital Management, LLC $329M 12.5M 2.9% ▼ 2.6%
Goldman Sachs Group Inc $294M 11.1M 2.6% ▲ 5.7%
Price T Rowe Associates Inc $280M 10.6M 2.5% ▼ 12.4%
Invesco Ltd. $246M 9.3M 2.2% ▼ 11.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Invesco's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $7.2M 5 trades by 4 insiders · 0% under pre-set plans
Net ▼ $7.2M net selling
Insider Date Trade Shares Price Value
Wood Phoebe A Director September 11, 2026 Sell 3,000 $32.44 $97,320
Butcher Stephanie Senior Managing Director September 9, 2026 Sell 45,095 $32.28 $1.5M
Lo Andrew Tak Shing Senior Managing Director September 9, 2026 Sell 100,840 $32.20 $3.2M
Lo Andrew Tak Shing Senior Managing Director September 8, 2026 Sell 42,530 $32.84 $1.4M
Dukes Laura Allison Chief Financial Officer September 4, 2026 Sell 31,075 $33.16 $1M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 53 trades and filings

In the last 12 months, 2 members of Congress disclosed 1 purchase and 2 sales of Invesco shares.

  • Kevin Hern(R-OK 1):Sale (full), $15,001 - $50,000, traded March 17, 2026, filed April 3, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded February 10, 2026, filed March 9, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded January 9, 2026, filed February 13, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 28, 2026
  • April 28, 2026
  • January 27, 2026
  • October 28, 2025
  • July 22, 2025

Recent SEC filings

Data status

When each part of this page on Invesco was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Invesco in brief

What does Invesco do?
Invesco is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
What is Invesco's stock ticker?
Invesco trades under the ticker IVZ on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Invesco's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Invesco reported revenue of $6.9B, 12.2% higher than a year earlier, according to its SEC filings.
What is Invesco's free cash flow?
Invesco's free-cash-flow margin is 27.8% of revenue over the trailing twelve months.
Who are Invesco's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Massachusetts Mutual Life Insurance Co, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Invesco buying back stock, and does it pay a dividend?
Invesco spent $175M on share repurchases over the trailing twelve months, and its diluted share count fell 0.6% over the year.
What is Invesco's market cap?
On November 2, 2026, Invesco's market capitalisation was about $12.6B and net debt of $709M. Market figures come from third-party market data and may be delayed.
Does Invesco pay a dividend?
Yes: Invesco paid $382M in dividends over the trailing twelve months, a dividend yield of 3.11%.
Who are Invesco's competitors?
In our Asset Management & Custody Banks peer group, the companies closest to Invesco are T. Rowe Price, Brookfield Asset Management Ltd., Ares Management, Franklin Resources and TPG Inc. The side-by-side comparison below sets their revenue, margins and growth against Invesco's.
Are insiders buying or selling Invesco stock?
Over the last 12 months, Invesco's directors and officers reported 0 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is Invesco's next earnings date?
Around January 26, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Invesco announces its own schedule.