Friday 6 November 2026
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Invesco Ltd.
IVZ Financial Asset Management
Invesco Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $6.4 billion, up 5.11% from fiscal 2024.
- Revenue
- +14.2%
- EPS
- −1.49%
- Free cash flow
- −24.5%
- Total debt
- +4.48%
Quarter to September 2026, against a year earlier
27.20
2.24
−7.61%
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Invesco Ltd. (IVZ) revenue by segment, product and region
Where the money comes from and where it goes
| Investment management fees | 4,342 | 71.57% |
|---|---|---|
| Service and distribution fees | 1,480 | 24.39% |
| Other | 199 | 3.27% |
| Investment Performance | 46 | 0.76% |
| Gross margin | 66.61% | |
| Operating margin | 13.72% | |
| Pre-tax margin | 16.57% |
Revenue by product or service $m
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Investment management fees | 4,615 72.37% | 4,342 71.57% | 4,106 71.83% | 4,358 72.05% | 4,996 72.46% | 4,451 72.43% | 4,506 73.66% | 4,082 76.82% | 4,127 79.97% | 3,773 79.70% |
| Service and distribution fees | 1,518 23.81% | 1,480 24.39% | 1,375 24.05% | 1,406 23.24% | 1,596 23.15% | 1,419 23.09% | 1,277 20.87% | 969 18.23% | 853 16.53% | 824 17.40% |
| Other | 202 3.17% | 199 3.27% | 189 3.31% | 217 3.58% | 246 3.57% | 210 3.42% | 232 3.80% | 206 3.88% | 68 1.31% | 93 1.97% |
| Investment Performance | 42 0.65% | 46 0.76% | 47 0.82% | 68 1.13% | 56 0.81% | 66 1.07% | 102 1.67% | 57 1.07% | 113 2.20% | 44 0.94% |
| Revenue | 6,377 | 6,067 | 5,716 | 6,049 | 6,895 | 6,146 | 6,117 | 5,314 | 5,160 | 4,734 |
Revenue by region $m
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Americas | 4,766 74.74% | 4,653 76.70% | 4,380 76.63% | 4,665 77.12% | 5,175 75.06% | 4,542 73.90% | 4,290 70.13% | 3,245 61.06% | 3,064 59.38% | — | — | — | — | — | — | — | — |
| EMEA | 1,316 20.63% | 1,143 18.84% | 1,072 18.76% | 1,099 18.17% | 1,371 19.89% | 1,278 20.79% | 698 11.41% | 816 15.35% | 757 14.66% | 638 13.47% | 675 13.18% | 605 11.75% | 411 8.85% | 300 7.39% | — | — | — |
| APAC | 295 4.63% | 271 4.47% | 264 4.61% | 285 4.71% | 349 5.06% | 326 5.31% | 309 5.05% | 276 5.19% | 261 5.05% | 234 4.95% | 220 4.29% | 234 4.54% | 198 4.26% | 191 4.71% | 216 5.43% | 161 4.63% | 120 4.57% |
| United Kingdom | — | — | — | — | — | — | 820 13.40% | 977 18.39% | 1,079 20.90% | 1,030 21.75% | 1,267 24.74% | 1,375 26.70% | 1,342 28.90% | 1,170 28.88% | — | — | — |
| United States | — | — | — | — | — | — | — | — | — | 2,517 53.17% | 2,614 51.02% | 2,546 49.47% | 2,329 50.14% | 2,057 50.79% | 1,972 49.52% | 1,691 48.47% | 1,143 43.49% |
| California | — | — | — | — | — | — | — | — | — | 315 6.66% | 347 6.77% | 388 7.53% | 365 7.86% | 333 8.23% | 358 8.99% | 361 10.34% | 344 13.10% |
| United Kingdom and Ireland | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,320 33.15% | 1,175 33.68% | 934 35.56% |
| Continental Europe | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 116 2.90% | 101 2.88% | 86 3.28% |
| Revenue | 6,377 | 6,067 | 5,716 | 6,049 | 6,895 | 6,146 | 6,117 | 5,314 | 5,160 | 4,734 | 5,123 | 5,147 | 4,645 | 4,050 | 3,982 | 3,488 | 2,627 |
Operating figures as reported in each quarter’s results release or filing
| Figure | Quarter | Latest | A year before | Change |
|---|---|---|---|---|
| Annualized long-term organic growth rate | Q3 FY2026 | 6.30% | 7.90% | — |
| Average AUM | Q3 FY2026 | $2.51T | $2.06T | +21.83% |
| Average long-term AUM | Q3 FY2026 | $2.22T | $1.46T | +51.61% |
| Average QQQ AUM | Q3 FY2026 | $480.3B | $365.1B | +31.55% |
| Ending AUM | Q3 FY2026 | $2.54T | $2.12T | +19.44% |
| Ending long-term AUM | Q3 FY2026 | $2.23T | $1.51T | +47.41% |
| Headcount | Q3 FY2026 | 7.4K | 8.4K | −11.38% |
| Long-term inflows | Q3 FY2026 | $181.1B | $138.4B | +30.85% |
| Long-term outflows | Q2 FY2026 | −$157.0B | −$103.1B | −52.28% |
| Net flows in money market funds | Q3 FY2026 | $52.9B | −$5.4B | +1,079.63% |
| Net flows in non-management fee earning AUM | Q3 FY2026 | $500.0M | $2.6B | −80.77% |
| Net long-term flows | Q3 FY2026 | $35.1B | $28.9B | +21.45% |
| Total net flows | Q3 FY2026 | $88.5B | $26.1B | +239.08% |