Invesco (IVZ) investor relations material

Executive summary

• Achieved record net inflows of $67 billion year-to-date and $45.1 billion in Q2 2026, with annualized organic growth rates of 7–8.5% and record net revenue up 17% year-over-year.

• Operating income increased 35% in the first half and 70% year-over-year in Q2, with operating margin expanding by nearly 470 basis points to an adjusted 37.5%.

• Adjusted diluted EPS rose to $0.71, up 97.2% year-over-year, and net income attributable to shareholders reached $345.3 million in Q2 2026.

• Launched over 50 new products globally, including active ETFs, tokenized Treasury strategies, and partnerships in private markets and digital assets.

• Completed CI's acquisition of Canadian products, now sub-advising $9 billion in AUM, and established a long-term partnership.

Financial highlights

• Net long-term inflows reached a record $45.1 billion in Q2 2026, marking the 12th consecutive quarter of net inflows and 8.5–9% annualized organic growth.

• AUM hit a record $2.5 trillion, up 14.4% sequentially and 23.4% year-over-year.

• Operating revenues were $1.83 billion in Q2 2026, up 20.5% year-over-year; net revenues (non-GAAP) were $1.33 billion, up 20% year-over-year.

• Adjusted operating income rose 44.8% year-over-year to $498.7 million; adjusted operating margin improved to 37.5%.

• Net income attributable to shareholders was $345.3 million, or $0.76 diluted EPS, compared to a loss in Q2 2025.

Outlook and guidance

• Focus remains on expanding operating margins into the high 30s and maintaining positive operating leverage.

• Platform modernization and hybrid investment platform costs expected at ~$15 million per quarter in H2 2026, tapering off in 2027; incremental platform fees projected at ~$10 million per quarter by year-end 2026.

• Compensation as a percentage of revenue guided at 40% for 2026; distribution ratio expected to trend toward 23%.

• Anticipate significant seed capital from strategic partners to support new product launches.

• Management highlights strong momentum and continued investment in product suite to meet global demand.