Record Net Long-Term Inflows
Long-term net inflows reached a record $45.1 billion for the quarter, led by ETFs and Index, QQQ, China JV, and Private Markets.
Source: 10-Q Item 2 MD&A
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 delivered a quarter of record net long-term inflows of $45.1 billion, fueled by ETFs, QQQ, and its China joint venture, driving average assets under management up 24.8% to $2.4 trillion. Revenue growth was robust, but the shift toward lower-fee products compressed the net revenue yield to 22.4 basis points. The company also strengthened its balance sheet by reducing debt and completing the sale of its Canadian fund business.
Revenue
$1.83B
+20.46% YoY
EPS (Diluted)
$0.76
+2633.33% YoY
Operating Income
$364.2M
+70.03% YoY
Source: SEC XBRL
Invesco (IVZ) reported Q2 FY2026 revenue of $1.83B, up 20.5% year over year. Operating margin was 19.9%, up 5.8 points from 14.1% a year earlier. IVZ's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 0.71 | 0.67 | Beat +6.3% |
| Mar 2026 | 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 $0.71 versus the $0.67 analyst consensus — a +6.3% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.76.
Compiled by AI from 10-Q Item 2 of this filing
Long-term net inflows reached a record $45.1 billion for the quarter, led by ETFs and Index, QQQ, China JV, and Private Markets.
Source: 10-Q Item 2 MD&A
Invesco completed the sale of management agreements for 98 Canadian funds to CI GAM, forming a strategic sub-advisory partnership and reducing AUM by $11.0 billion.
Source: 10-Q Item 2 MD&A
The company reduced debt by $342.7 million and repurchased 1.9 million shares for $50.0 million in the open market during the quarter.
Source: 10-Q Item 2 MD&A
Net revenue yield excluding performance fees declined to 22.4 basis points from 23.2 bps a year ago, reflecting continued mix shift toward lower-fee products.
Source: 10-Q Item 2 MD&A
The conversion of QQQ to an open-end ETF in December 2025 significantly increased investment management fees and eliminated pass-through service revenues.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
A significant portion of revenues is tied to AUM levels, which are directly affected by fluctuations in global equity and fixed income markets; a market downturn could materially reduce assets and fee income.
Source: 10-Q Item 2 MD&A
The ongoing shift in client demand toward lower-fee passive and ETF products is compressing net revenue yield, which declined to 22.4 bps in Q2 FY2026 from 23.2 bps a year ago, potentially eroding future profitability.
Source: 10-Q Item 2 MD&A
Although debt has been reduced, the debt-to-equity ratio remains elevated at 1.12, and stockholders' equity decreased 10.1% year-over-year, which may limit financial flexibility.
Source: 10-Q Balance Sheet (XBRL)
With operations in multiple currencies, adverse exchange rate movements decreased AUM by $1.4 billion during the first half of FY2026, and further volatility could impact reported revenues and AUM.
Source: 10-Q Item 2 MD&A
QQQ conversion and subsequent flows contributed significantly to revenue and AUM growth; any adverse development affecting this product could materially impact financial results.
Source: 10-Q Item 2 MD&A
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.83 $B | 1.52 $B | +20.46% |
Operating Income $M | 364.20 $M | 214.20 $M | +70.03% |
EPS (Basic) $ | 0.77 $ | -0.03 $ | +2666.67% |
EPS (Diluted) $ | 0.76 $ | -0.03 $ | +2633.33% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
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.
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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