Invesco (NYSE:IVZ) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Invesco (NYSE:IVZ) announced its earnings results on Tuesday. The asset manager reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02), Zacks reports. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the firm posted $0.61 earnings per share. Invesco’s quarterly revenue was up 16.5% compared to the same quarter last year.

Here are the key takeaways from Invesco’s conference call:

• Invesco reported strong growth, with $35.1 billion in third-quarter net long-term inflows, a 6.3% annualized organic growth rate, and assets under management above $2.5 trillion. Inflows were broad-based geographically and across active, passive, ETF, multi-asset, and wealth-management offerings.
• Improved scale and expense discipline drove significant operating leverage: adjusted operating income rose nearly 13% sequentially to $562 million, while the adjusted operating margin expanded to 40.7%, its highest level since 2021. Management said it intends to sustain margins in the high-30% range while continuing to invest for growth.
• The company agreed to repurchase an additional $1.5 billion of preferred stock from MassMutual, bringing total repurchases to $3 billion and reducing annual preferred dividends by another $88.5 million. Management expects the transaction to be earnings-accretive in 2027 and to generate approximately $0.20 of run-rate EPS accretion once the related term loan is repaid.
• ETFs and index products continued to be major growth engines, reaching record AUM of $775 billion and nearly $29 billion of quarterly net inflows. QQQ and related products attracted strong demand, while active ETFs, SMAs, model portfolios, and systematic strategies also expanded.
• Asset mix remains a headwind for revenue yields as client demand shifts toward lower-fee ETFs, money-market funds, and index products, while fundamental equities continue to experience net outflows. The net revenue yield declined to 21.5 basis points, and management expects fourth-quarter expenses of $830 million to $840 million, including ongoing hybrid-platform costs.

Invesco Trading Down 0.3%

Shares of Invesco stock opened at $28.44 on Wednesday. Invesco has a twelve month low of $21.82 and a twelve month high of $33.66. The firm’s 50-day simple moving average is $30.75 and its 200-day simple moving average is $28.01.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.2150 per share. The ex-dividend date is Friday, November 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.0%.

Analyst Ratings Changes

Several research analysts have recently weighed in on IVZ shares. Weiss Ratings reissued a “hold (c)” rating on shares of Invesco in a research report on Friday, September 25th. Morgan Stanley lifted their price objective on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. BMO Capital Markets raised their price objective on Invesco from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. Finally, UBS Group set a $36.00 target price on Invesco in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.19.

Insider Buying and Selling

In other Invesco news, CFO Laura Dukes sold 31,075 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $33.16, for a total value of $1,030,447.00. Following the transaction, the chief financial officer directly owned 259,183 shares in the company, valued at $8,594,508.28. The trade was a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew Tak Shing Lo sold 100,840 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the transaction, the director owned 812,477 shares in the company, valued at $26,161,759.40. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 222,540 shares of company stock valued at $7,227,167. 1.40% of the stock is currently owned by insiders.

More Invesco News

Here are the key news stories impacting Invesco this week:

• Positive Sentiment: Invesco reported $35.1 billion of quarterly net inflows, marking its 13th consecutive quarter of inflows. Record assets under management, higher average AUM and growth in QQQ-related revenue supported a 16.5% year-over-year increase in revenue to $1.38 billion. Invesco Q3 brings $35.1 billion inflows and record assets under management
• Positive Sentiment: Management highlighted global inflows and margin improvement during the earnings call, suggesting operating leverage and continued demand for Invesco’s investment products. Invesco earnings call highlights global inflows and margin gains
• Positive Sentiment: Invesco is working with Anthropic to make custom portfolio intelligence and practice-management capabilities available to financial advisors through Claude. The partnership could strengthen advisor tools and support longer-term competitiveness, although its financial impact is not yet quantified. Invesco announces work with Anthropic
• Neutral Sentiment: Invesco maintained its quarterly dividend at $0.215 per share, or $0.86 annualized, representing an indicated yield of approximately 3.0%. The dividend supports income appeal but is unlikely to be a major near-term catalyst.
• Negative Sentiment: Adjusted third-quarter EPS was $0.72, below the $0.74 consensus estimate, despite rising from $0.61 a year earlier. Revenue matched expectations, while higher expenses remained a headwind. The earnings miss likely weighs on the stock more immediately than the revenue and AUM growth help it. Invesco reports third-quarter 2026 results
• Negative Sentiment: Coverage also points to a Fitch outlook cut and mixed earnings, adding credit and valuation concerns for investors. Technically, IVZ opened below its 50-day moving average of $30.75, though it remained just above its 200-day average of $28.01.

Invesco Company Profile

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.