Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Invesco (IVZ) delivered strong Q1 2026 results with revenue up 14.1% YoY to $1.74B and EPS surging 34.2% to $0.51, though long-term debt more than doubled and stockholders' equity declined sharply, signaling a notable shift in the balance sheet structure.
Revenue
$1.74B
+14.08% YoY
EPS (Diluted)
$0.51
+34.21% YoY
Operating Income
$333.2M
+20.16% YoY
Source: SEC XBRL
Invesco (IVZ) reported Q1 FY2026 revenue of $1.74B, up 14.1% year over year. Operating margin was 19.1%, up 1.0 points from 18.1% a year earlier. Operating cash flow was $212.6M. IVZ's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.71 | 0.67 | Beat +6.3% |
| Mar 2026This filing | 0.57 | 0.59 | Miss -3.4% |
| Dec 2025 | 0.62 | 0.59 | Beat +5.7% |
| Sep 2025 | 0.61 | 0.46 | Beat +33.5% |
Adjusted (non-GAAP) EPS of $0.57 versus the $0.59 analyst consensus — a -3.4% miss for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.51.
Compiled by AI from this SEC filing
Total revenue rose 14.1% year-over-year to $1.74B in Q1 2026 from $1.53B in Q1 2025, indicating strong momentum in investment management fees or AUM-related income, likely driven by market appreciation and net inflows.
Source: 10-Q Income Statement (XBRL Financial Data)
Operating income grew 20.2% YoY to $333.2M, outpacing revenue growth of 14.1%, which expanded the operating margin from 18.1% to 19.1% — a roughly 100 basis point improvement reflecting better cost discipline or favorable revenue mix.
Source: 10-Q Income Statement & Key Ratios (XBRL Financial Data)
Operating cash flow swung dramatically from -$84.6M in Q1 2025 to +$212.6M in Q1 2026, a 351.3% improvement, suggesting the prior year quarter had significant working capital headwinds that did not recur in 2026.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
Long-term debt more than doubled YoY, rising 103.8% to $1.97B from $964.8M, while stockholders' equity fell 16.6% to $12.26B, pushing the debt-to-equity ratio to approximately 1.11 — a meaningful increase in financial leverage.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Investing cash outflows surged to -$733.2M from -$92.0M in Q1 2025 (a -697% change), likely reflecting a significant acquisition, seed capital deployment, or investment in fund structures, which may also explain the sharp rise in long-term debt.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
Long-term debt increased 103.8% YoY to approximately $1.97B, while stockholders' equity declined 16.6% to $12.26B, resulting in a debt-to-equity ratio of ~1.11. This elevated leverage increases interest expense burden and reduces financial flexibility, particularly if markets deteriorate and AUM-linked revenues decline.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Total assets fell 4.7% YoY to $26.83B while stockholders' equity dropped 16.6% to $12.26B, suggesting possible asset disposals, mark-to-market losses on seed investments, or goodwill impairment. A shrinking equity base relative to liabilities could pressure the company's credit profile.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Investing activities consumed $733.2M in Q1 2026 versus only $92.0M in Q1 2025, a nearly 8x increase. Without filing text detail, the nature of these investments is unclear; if tied to acquisitions or seed capital, returns may be uncertain and could weigh on future cash flows.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
As an asset manager, Invesco's revenues are closely tied to assets under management, which fluctuate with equity and fixed income market levels. A sustained market downturn could reduce fee-generating AUM and compress the revenue base that drove the 14.1% YoY growth this quarter.
Source: 10-Q Income Statement (XBRL Financial Data)
Depreciation and amortization fell 20.0% YoY to $33.2M, which may indicate reduced amortization of intangibles or asset write-downs, while heavy investing outflows suggest new capital commitments. This divergence could indicate future amortization charges that have not yet flowed through the income statement.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.74 $B | 1.53 $B | +14.08% |
Operating Income $M | 333.20 $M | 277.30 $M | +20.16% |
EPS (Basic) $ | 0.51 $ | 0.38 $ | +34.21% |
EPS (Diluted) $ | 0.51 $ | 0.38 $ | +34.21% |
Answers draw on this SEC filing and the data on this page
Invesco reported record net long-term inflows and strong AUM growth in Q2 FY2026, though fee rate compression reflects an ongoing mix shift toward lower-cost products.
Invesco (IVZ) reported a sharp swing to an operating loss of $695.7M in FY2025 despite a 5.1% revenue increase to $6.38B, driven by significant one-time charges, while operating cash flow improved 28.2% to $1.53B and long-term debt more than doubled to $1.83B.
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