Invesco (IVZ) investor relations material

Executive summary

• Achieved record AUM of $2.1 trillion, up 18.3% year-over-year and 6.2% from the prior quarter, with net long-term inflows of $28.9 billion and 7.9% annualized organic growth.

• Delivered strong performance in ETFs, index products, U.S. private wealth, and China/India, with notable market share gains and record inflows in flagship products.

• Diluted EPS was $0.66; adjusted diluted EPS was $0.61, up 38.6% year-over-year and 69.4% sequentially, both negatively impacted by a $0.08 non-cash impairment charge related to the intelliflo divestiture.

• Operating margin improved to 16.5%, and adjusted operating margin rose to 34.2%, both increasing sequentially and year-over-year.

• Continued strategic simplification, including the sale of intelliflo, a private markets partnership with Barings, and the sale of a majority interest in India.

Financial highlights

• Operating revenues increased 8.2% sequentially and year-over-year to $1,640.4 million, driven by higher average AUM.

• Net revenues rose 7.4% year-over-year to $1,186.3 million, while adjusted operating expenses increased 3.3% to $780.2 million.

• Net income attributable to shareholders was $301.3 million, a significant turnaround from a loss in the prior quarter and up 447.8% year-over-year.

• Adjusted net income was $275.4 million, up 66.7% sequentially and 37.8% year-over-year.

• Adjusted operating income grew 16.4% year-over-year to $406.1 million, with adjusted operating margin improving to 34.2%.

Outlook and guidance

• Anticipates further EPS accretion from early term loan repayments, with incremental benefits expected by end of 2026.

• Ongoing focus on cost avoidance, efficiency, and performance improvement across investment teams.

• Management remains focused on growth in high-opportunity regions and asset classes, with continued emphasis on operating leverage and expense management.

• The intelliflo divestiture is expected to close in the fourth quarter.