— Know what they know.
/
Not Investment Advice

IVZ

NYSE · USD
Invesco Ltd.
Financial Services · Asset Management
CEO Andrew Ryan Schlossberg Employees 7,499 R&D / revenue 0.0%
Last price
$28.20−2.08%last session
Market cap
$12.5B
P/E (TTM)
n/m
From 52w high
−16.2%
From 52w low
+36.4%
1-year return
+24.8%
RSI 14 · vs SMA200
33.2 · +1.1%
IS score
42.7/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

IVZ   SPY   XLF (sector ETF) · weekly closes
100120140Jan 26Apr 26Jul 26Oct 26IVZ 125SPY 116XLF 107

Score DNA

Each bar is a 0-100 score within the scored universe
49
Profitability
42
Growth
49
Value
42
Momentum
15
Risk (safety)
62
Quality
45
Balance sheet
56
Earnings quality

Flags

Strengths
✓ FCF yield 5%+
Warnings
▲ Share count rising
Observations
Moat model: Weak, Intangible AssetsPiotroski 5 / 9Beta 1.602 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
5 open-market sales, $7.2M
Form 144 notices (12m): 6, $11.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+37
106 new holders, 62 closed
673 filers hold 95.2% · 261 added, 225 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+132
351 funds adding shares
219 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
46.2%
20-day avg 54.1%, 50-day avg 52.8%
Latest 7.9 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$6.4B
Revenue growth YoY+5.1%
Gross margin43.2%
Operating income−$695.7M
Operating margin-10.9%
Net income−$281.7M
Net margin-4.4%
EPS (diluted)$-1.60
Cash flow
Operating cash flow$1.5B
Capital expenditure$84.3M
Free cash flow$1.4B
FCF conversion (FCF / OCF)94.5%
Stock-based compensation$0
FCF less SBC$1.4B
Buybacks$1.9B
Dividends$581.9M
Balance sheet & returns
Cash & short-term investments$2.0B
Total debt$9.8B
Net debt$7.8B
Shareholders' equity$13.0B
Goodwill & intangibles$12.4B
Debt / equity0.13
ROE (TTM)-0.5%
ROIC (TTM)-1.1%
Operating margin by fiscal year
25.9%FY202121.8%FY2022-7.6%FY202313.7%FY2024-10.9%FY2025
Revenue $6.9B (FY2021) to $6.4B (FY2025), a -1.9% CAGR.

Valuation

P/E (TTM)n/m
EV / EBITDAn/m
Price / sales1.80x
Price / FCF6.3x
FCF yield15.79%
Buyback yield14.97%
SBC / revenue0.6%
Price / book1.02x
Forward P/E FY202610.1x
Forward P/E FY20278.6x
Forward P/E FY20287.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $35.50 across 8 analysts last quarter is theirs, not ours.

IVZ vs industry median

908 companies in Asset Management
Gross margin 67.4% 84.6% Operating margin -7.1% 34.7% Net margin -0.9% 18.2% ROIC -1.1% 6.4%
IVZ (TTM)Industry median Asset turnover 0.25 vs industry 0.11 · financial leverage 2.20

Earnings delivery

Next report 2026-10-27 · consensus EPS $0.74
67%
beat rate, 8 of 12 quarters
+6.4%
median EPS surprise
4
longest beat streak
-3+21-18+8+2+6+13-12+36+7-2+7
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-24 to 2026-07-28. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
IVZ Invesco Ltd. $12.5Bn/m-0.5%-0.9%+5.1% +24.8%
SEIC SEI Investments Company $12.5B18.0x29.2%30.3%+11.3% +29.7%
CG The Carlyle Group Inc. $13.0B35.9x5.6%11.9%−9.9% −35.7%
ARCC Ares Capital Corporation $13.4B13.9x6.9%22.3%+9.2% −10.1%
OWL Blue Owl Capital Inc. $13.8B74.4x3.7%1.5%+14.2% −43.5%
EQH Equitable Holdings, Inc. $14.5Bn/m-508.8%-27.3%−22.1% —
CRBG Corebridge Financial, Inc. $15.3B20.1x7.9%0.1%+229.2% —
AMG Affiliated Managers Group, I $9.9B12.3x27.3%28.4%+24.5% —
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.

Recent 8-K filings

2026-10-09Regulation FD; Exhibits
2026-10-09Regulation FD; Exhibits
2026-09-10Regulation FD; Exhibits
2026-08-31Officer/Director Change; Regulation FD; Exhibits
2026-08-11Regulation FD; Exhibits
2026-07-28Earnings Release; Exhibits

Context

Shares outstanding441,500,000
Free float99.3%
Institutional ownership95.2%
Beta1.60
Dividend yield3.01%
Last dividend$0.21 on 2026-08-14
50 / 200-day average$31.29 / $27.94
Large-cap Financial Services median P/E14.0x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where IVZ sits among 110 scored companies in Asset Management (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureIVZIndustry medianIndustry percentileSector median
P/E (TTM) —
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 1.8x 3.9x
16th		 2.5x
Price / book 1.0x 1.4x
44th		 1.3x
Price / tangible book 72.3x 1.4x
99th		 1.6x
Price / free cash flow 6.3x 10.3x
27th		 11.8x
Price / operating cash flow 6.2x 10.2x
27th		 11.7x
Enterprise value $13.2B $3.4B
75th		 $3.4B
EV / sales 1.9x 6.7x
13th		 6.0x
EV / EBITDA 8.7x 12.2x
30th		 13.0x
EV / EBIT —
EV / free cash flow 6.7x 11.6x
16th		 15.9x
Earnings yield -0.5% 5.7%
19th		 7.9%
FCF yield 15.8% 8.3%
79th		 6.3%
Operating cash flow yield 16.1% 8.6%
79th		 7.8%
Graham number (per share) —

Profitability (TTM)

MeasureIVZIndustry medianIndustry percentileSector median
Gross margin 67.4% 71.8%
32nd		 71.9%
EBITDA margin 21.9% 39.3%
24th		 37.9%
Operating margin -7.1% 30.2%
13th		 23.3%
EBIT margin -5.7% 32.7%
15th		 23.3%
Net margin -0.9% 15.3%
20th		 18.7%
NOPAT margin -5.6% 23.0%
13th		 18.7%
FCF margin 28.5% 24.3%
54th		 23.3%
Operating cash flow margin 29.1% 29.1%
51st		 26.7%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 10.1% 9.8%
52nd		 20.1%
Stock comp / revenue 0.6% 0.0%
62nd		 0.7%
Effective tax rate 21.0% 19.9%
50th		 21.0%

Returns on capital

MeasureIVZIndustry medianIndustry percentileSector median
ROE (on average equity) -0.5% 11.2%
18th		 11.9%
ROA -0.2% 2.3%
18th		 1.4%
ROIC -2.9% 5.5%
15th		 7.8%
ROCE -1.6% 4.9%
14th		 5.8%
Return on tangible assets -1.4% 4.7%
14th		 2.0%
Cash ROIC (OCF / invested capital) 15.2% 10.0%
59th		 11.4%
Gross profitability (GP / assets) 16.9% 8.8%
70th		 10.3%
ROIC, 3-yr average 0.4% 5.6%
9th		 7.1%
ROIC, 5-yr average 2.3% 6.0%
17th		 7.3%
ROE, 5-yr average 3.8% 11.2%
18th		 10.7%
Incremental ROIC 62.1% 12.9%
71st		 8.4%

Growth

MeasureIVZIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 12.2% 15.4%
47th		 7.1%
Revenue growth (QoQ) 4.6% 6.6%
46th		 2.8%
Revenue CAGR, 3 yr 6.3% 13.1%
26th		 10.8%
Revenue CAGR, 5 yr 1.2% 5.8%
21st		 11.3%
Gross profit CAGR, 3 yr 30.2% 20.6%
71st		 18.0%
Operating income CAGR, 3 yr —
Net income growth (TTM YoY) —
Net income CAGR, 3 yr —
EPS growth (TTM YoY) —
EPS CAGR, 3 yr —
EPS CAGR, 5 yr —
FCF growth (TTM YoY) 64.2% 18.5%
71st		 15.9%
FCF CAGR, 3 yr 26.7% 8.1%
75th		 8.5%
Operating cash flow CAGR, 3 yr 19.1% 6.6%
70th		 8.4%
Book value CAGR, 3 yr -6.3% 3.6%
12th		 8.9%
Dividend CAGR, 3 yr -3.3% -1.2%
43rd		 1.9%
Sustainable growth rate —

Margin history & stability

MeasureIVZIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 45.3% 63.7%
17th		 63.4%
Operating margin, 3-yr average 0.1% 33.3%
7th		 21.4%
Net margin, 3-yr average 3.5% 26.3%
17th		 16.5%
FCF margin, 3-yr average 23.9% 28.9%
43rd		 28.2%
Revenue stability (0-1) 0.06 0.58
11th		 0.86
Earnings stability (0-1) 0.61 0.40
72nd		 0.37
Margin stability (0-1) 0.66 0.80
28th		 0.81

Liquidity (latest quarter)

MeasureIVZIndustry medianIndustry percentileSector median
Cash & short-term investments $915.4M $142.5M
74th		 $145.5M
Net cash (− = net debt) −$708.6M −$692.3M
50th		 −$676.0M
Working capital −$708.3M $90.6M
6th		 $86.3M
Current ratio 0.71 1.16
32nd		 1.19
Quick ratio 0.71 1.16
32nd		 1.19
Cash ratio (cash + ST investments / current liabilities) 0.38 0.62
44th		 0.55
Defensive interval (days) 122 days 365 days
22nd		 417 days

Leverage & solvency (latest quarter)

MeasureIVZIndustry medianIndustry percentileSector median
Total debt $1.6B $1.3B
58th		 $1.2B
Debt / equity 0.13 0.99
11th		 0.81
Net debt / equity 0.06 0.84
23rd		 0.66
Debt / assets 5.9% 37.6%
16th		 33.5%
Debt / capital 11.5% 49.7%
11th		 44.6%
Debt / EBITDA 1.07 4.80
18th		 3.20
Net debt / EBITDA 0.47 3.41
24th		 2.19
Interest coverage (EBIT / interest) −4.1x 2.6x
12th		 2.9x
Cash interest coverage 20.8x 3.1x
91st		 3.7x
Debt payback (years of OCF) 0.8 yrs 3.5 yrs
17th		 3.7 yrs
Liabilities / assets 52.3% 55.3%
40th		 86.2%
IS credit model rating BB — —
Implied credit spread (bps) 475 475
42nd		 175

Efficiency

MeasureIVZIndustry medianIndustry percentileSector median
Asset turnover 0.25 0.12
70th		 0.15
Fixed asset turnover 18.65 9.51
64th		 11.68
Inventory turnover —
Receivables turnover 7.2 8.4
43rd		 8.2
Days sales outstanding 50 days 37 days
59th		 43 days
Days inventory outstanding —
Days payables outstanding 248 days 49 days
84th		 39 days
Cash conversion cycle (days) −197 days −8 days
12th		 0 days
Capex / revenue 0.6% 0.0%
74th		 0.2%
Capex / depreciation 0.02 0.05
37th		 0.13
Operating expense ratio 79.6% 43.6%
80th		 38.9%

Cash flow & earnings quality

MeasureIVZIndustry medianIndustry percentileSector median
Operating cash flow / net income —
FCF / net income —
FCF / operating cash flow 97.8% 99.6%
34th		 98.5%
Capex / operating cash flow 2.2% 0.0%
70th		 0.6%
Accruals ratio -7.4% -1.4%
23rd		 -2.0%
Sloan accruals ratio -13.5% -0.3%
8th		 -0.6%
Earnings quality score (0-1) —

Dividends & buybacks

MeasureIVZIndustry medianIndustry percentileSector median
Dividend yield 3.0% 6.6%
30th		 2.3%
Dividend per share (TTM) $0.85 $1.49
23rd		 $1.03
Payout ratio (dividends / net income) —
Dividends / FCF 27.8% 52.7%
28th		 49.0%
Dividend growth (YoY) -10.7% 6.9%
24th		 6.4%
Buyback yield 6.1% 1.0%
82nd		 1.7%
Shareholder yield (dividends + buybacks) 10.5% 10.3%
52nd		 5.2%
Share count change (YoY) 0.1% 0.0%
56th		 -0.3%
Buybacks, last 5 years $2.5B $40.9M
83rd		 $85.3M

Scores & forensic checks

MeasureIVZIndustry medianIndustry percentileSector median
IS score 43 45
45th		 53
IS profitability 49 60
35th		 59
IS growth 42 53
29th		 57
IS value 49 66
27th		 77
IS momentum 42 59
21st		 76
IS risk (safety) 15 15
6th		 65
IS quality 62 64
44th		 71
IS balance sheet 45 42
58th		 51
IS earnings quality 56 68
40th		 74
IS cash flow 83 69
77th		 71
Piotroski F-score (0-9) 5 6
30th		 6
Altman Z-score —
Beneish M-score —
Ohlson O-score −7.54 −7.13
42nd		 −6.00
IS credit score 41 41
50th		 68

Per share

MeasureIVZIndustry medianIndustry percentileSector median
EPS, diluted (TTM) −$0.14 $1.19
17th		 $3.36
Book value per share $27.45 $16.24
77th		 $28.13
Tangible book per share $1.77 $13.69
12th		 $21.49
Revenue per share $15.19 $4.23
71st		 $17.62
FCF per share $4.33 $1.85
69th		 $1.99
Operating cash flow per share $4.42 $2.62
69th		 $2.45
Cash per share $2.01 $1.06
61st		 $1.75

Size (TTM)

MeasureIVZIndustry medianIndustry percentileSector median
Market cap $12.5B $3.1B
73rd		 $2.5B
Revenue $6.9B $703.1M
82nd		 $1.0B
EBITDA $1.5B $205.6M
76th		 $269.3M
Net income −$64.5M $151.7M
13th		 $168.0M
Free cash flow $2.0B $219.5M
90th		 $160.0M
Total assets $27.5B $2.9B
78th		 $8.5B
Shareholders' equity $12.5B $1.2B
86th		 $1.5B
Employees 7,405 1,700
81st		 1,392

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-01Invesco Advisers, Inc.
Director
 Award / grant 16,176$28.49$460,878189,254
2026-09-30Invesco Advisers, Inc.
Director
 Return to issuer 8,969$28.49$255,548173,078
2026-09-11Wood Phoebe A
Director
 Open-market sale 3,000$32.44$97,320107,111
2026-09-09Lo Andrew Tak Shing
Senior Managing Director
 Open-market sale 100,840$32.20$3.2M812,477
2026-09-09Butcher Stephanie
Senior Managing Director
 Open-market sale 45,095$32.28$1.5M10,205
2026-09-08Lo Andrew Tak Shing
Senior Managing Director
 Open-market sale 42,530$32.84$1.4M913,317
2026-09-04Dukes Laura Allison
Chief Financial Officer
 Open-market sale 31,075$33.16$1.0M259,183
2026-09-04Dukes Laura Allison
Chief Financial Officer
 Gift 7,600——251,583
2026-09-01Invesco Advisers, Inc.
Director
 Award / grant 15,149$28.45$430,981182,047
2026-08-31Butcher Stephanie
Senior Managing Director
 Award / grant 25,497——46,115
2026-08-31Butcher Stephanie
Senior Managing Director
 Tax withholding 11,984$32.78$392,83634,131
2026-08-31Butcher Stephanie
Senior Managing Director
 Award / grant 19,179——53,310

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired19248,371$891,859
GiftDisposed17,600—
Open-market saleDisposed5222,540$7.2M
Option exerciseDisposed8252,681—
Option exerciseAcquired1116,754—
Return to issuerDisposed217,938$510,721
Tax withholdingDisposed9286,985$8.1M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 6 notices · 382,540 shares · $11.0M
FiledFilerShares proposedEst. proceeds
2026-09-11Wood Phoebe A3,000$97,322
2026-09-09Butcher Stephanie45,095$1.5M
2026-09-09Lo Andrew Tak Shing100,840$3.2M
2026-09-08Lo Andrew Tak Shing42,530$1.4M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 8 trades (3 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-03-17Kevin HernHouseSale$15,001 - $50,0002026-04-06
2026-03-17Kevin HernHouseSale (Full)$15,001 - $50,0002026-04-06
2026-03-16Kevin HernHouseSale (Full)$15,001 - $50,0002026-04-06
2026-02-10Gilbert CisnerosHouseSale$1,001 - $15,0002026-03-10
2024-10-17Gary PetersSenateSale (Full)$1,001 - $15,0002024-11-14
2024-10-17Gary PetersSenateSale (Full)$1,001 - $15,0002024-11-13
2024-10-17Gary C. PetersSenateSale (Full)$1,001 - $15,0002024-11-13
2019-11-05John HoevenSenatePurchase$50,001 - $100,0002019-11-20
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
MASSACHUSETTS MUTUAL LIFE INSURANCE CO81,332,319$2.1B18.42%
BlackRock, Inc.38,713,707$1.0B8.77%
VANGUARD CAPITAL MANAGEMENT LLC28,104,027$741.7M6.37%
DIMENSIONAL FUND ADVISORS LP21,716,982$573.1M4.92%
VANGUARD PORTFOLIO MANAGEMENT LLC18,458,992$487.1M4.18%
STATE STREET CORP16,793,008$443.2M3.80%
GEODE CAPITAL MANAGEMENT, LLC12,503,038$329.4M2.83%
GOLDMAN SACHS GROUP INC11,149,168$294.2M2.53%
PRICE T ROWE ASSOCIATES INC /MD/10,616,670$280.2M2.40%
Invesco Ltd.9,309,278$245.7M2.11%
Qube Research & Technologies Ltd5,348,752$141.2M1.21%
NORGES BANK5,210,635$137.5M1.18%
NORTHERN TRUST CORP5,106,461$134.8M1.16%
MORGAN STANLEY4,829,753$127.5M1.09%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC4,400,070$116.1M1.00%

Institutional ownership by quarter

2023-092026-0695.2%
% of shares held by 13F filers
2023-092026-06673
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3067395.2%10626122562
2026-03-3163692.8%9327019175
2025-12-3162991.2%11825117842
2025-09-3056886.8%10519917852
2025-06-3052391.2%8020118668
2025-03-3151890.3%7020917572
2024-12-3152689.3%8719816144
2024-09-3049286.2%6719615647
2024-06-3047567.1%5317917266
2024-03-3149667.0%6818616259
2023-12-3149466.2%9315618882
2023-09-3048767.2%5816317843

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-10SCHEDULE 13G/AIsrael A. Englander3.9%17,117,800
2026-04-30SCHEDULE 13GVanguard Capital Management7.2%31,740,914
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-02-12SCHEDULE 13G/AIsrael A. Englander4.9%21,848,486
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$422.3M
VSMPX0.02%$422.3M
VTI0.02%$422.3M
VTSAX0.02%$422.3M
VFINX0.02%$349.7M
VFIAX0.02%$349.7M

Share structure

Shares outstanding441,500,000
Float438,405,085
Free float99.3%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$6.9B$6.0B$5.7B$6.1B$6.4B
Cost of revenue$4.1B$3.6B$3.7B$4.0B$3.6B
Gross profit$2.8B$2.4B$2.0B$2.0B$2.8B
R&D$0$0$0$0$0
SG&A$522.7M$588.2M$649.7M$676.0M$660.5M
Operating income$1.8B$1.3B−$434.8M$832.1M−$695.7M
EBITDA$2.8B$1.5B$1.1B$1.2B$1.4B
Pretax income$2.5B$1.2B−$237.9M$1.0B−$379.4M
Income tax$531.1M$322.2M−$69.7M$252.9M−$204.6M
Net income$1.6B$920.7M−$96.9M$774.8M−$281.7M
EPS, diluted$2.99$1.49$-0.73$1.18$-1.60
Diluted shares465.4M459.5M456.2M457.7M453.8M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$2.1B$1.4B$1.9B$1.5B$2.0B
Receivables$1.3B$1.0B$701.5M$1.1B$884.7M
Inventory$0$0$0$0$0
Total current assets$3.5B$2.4B$2.9B$2.6B$2.9B
PP&E, net$518.1M$561.1M$599.5M$479.0M$676.1M
Goodwill & intangibles$16.1B$15.7B$14.5B$14.1B$12.4B
Total assets$32.7B$29.8B$28.9B$27.0B$27.1B
Accounts payable$39.2M$59.6M$31.5M$30.6M$0
Total current liabilities$2.8B$1.5B$2.3B$830.4M$66.6M
Long-term debt$9.4B$8.1B$8.6B$7.1B$9.7B
Total liabilities$16.0B$12.9B$13.0B$11.3B$14.1B
Shareholders' equity$16.7B$16.8B$15.9B$15.7B$13.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$2.0B$925.5M−$96.9M$752.4M$0
Depreciation & amortization$205.3M$195.3M$182.8M$179.6M$0
Stock-based compensation$140.1M$106.2M$114.6M$104.6M$0
Change in working capital−$294.3M−$371.5M−$173.0M$146.2M−$216.4M
Operating cash flow$1.1B$703.2M$1.3B$1.2B$1.5B
Capital expenditure−$108.8M−$192.9M−$164.3M−$69.1M−$84.3M
Free cash flow$969.3M$510.3M$1.1B$1.1B$1.4B
Investing cash flow−$847.9M−$375.6M−$244.3M$68.4M−$974.4M
Net debt issued / repaid$914.6M−$575.0M$251.2M−$922.9M$2.3B
Buybacks−$60.9M−$244.7M−$187.5M−$79.3M−$1.9B
Dividends paid−$544.5M−$571.6M−$594.7M−$608.3M−$581.9M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin41.1%40.3%35.1%33.4%43.2%
Operating margin25.9%21.8%-7.6%13.7%-10.9%
Net margin23.6%15.2%-1.7%12.8%-4.4%
FCF margin14.1%8.4%19.9%18.5%23.2%
ROE10.9%6.0%-0.7%5.3%-2.1%
ROIC6.1%4.4%-1.6%3.0%-2.7%
ROA4.7%2.9%-0.3%2.8%-1.0%
Debt / equity0.630.560.620.520.83
Interest coverage27.4x15.6xn/m18.3xn/m
Current ratio1.251.621.273.1443.01
Revenue growth+12.2%−12.3%−5.5%+6.1%+5.1%
EPS growth+113.0%−42.7%−110.7%+897.8%−136.4%
P/E at year end5.5x7.8xn/m9.8xn/m
EV / EBITDA at year end5.9x9.3x11.8x11.0x14.6x
FCF yield at year end10.85%7.13%15.44%14.75%12.43%
Dividend payout33.4%62.1%—78.5%—

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Investment Advice$5.0B$4.4B$4.1B$4.3B$4.6B
Distribution and Shareholder Service$1.6B$1.4B$1.4B$1.5B$1.5B
Financial Service, Other$246.1M$216.8M$189.1M$198.6M$202.2M
Investment Performance$56.1M$68.2M$46.7M$46.4M$41.5M

Revenue by region · FY2025

Americas$4.8B · 75%
EMEA, Excluding United Kingdom$1.3B · 21%
Asia$295.3M · 5%

Street estimates by fiscal year

Next report 2026-10-27 · consensus EPS $0.74 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$5.4B$5.2B – $5.5B$2.81$2.75 – $2.86810.1x
2027$5.8B$5.8B – $5.9B$3.27$3.11 – $3.4788.6x
2028$6.2B$6.2B – $6.2B$3.75$3.52 – $3.9137.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-28$0.67$0.71+6.6%$1.3B$1.3B+0.8%
2026-04-28$0.58$0.57−1.7%$1.3B$1.3B−0.3%
2026-01-27$0.58$0.62+6.9%$1.3B$1.3B+0.4%
2025-10-28$0.45$0.61+36.1%$1.2B$1.6B+39.5%
2025-07-22$0.41$0.36−12.2%$1.2B$1.5B+29.4%
2025-04-22$0.39$0.44+12.8%$1.1B$1.5B+36.7%
2025-01-28$0.49$0.52+6.1%$1.1B$1.6B+41.5%
2024-10-22$0.43$0.44+1.9%$1.1B$1.5B+36.4%
2024-07-23$0.40$0.43+7.9%$1.1B$1.5B+36.3%
2024-04-23$0.40$0.33−17.5%$1.1B$1.5B+36.3%
2024-01-23$0.39$0.47+20.5%$1.1B$1.4B+26.7%
2023-10-24$0.36$0.35−2.8%$1.1B$1.4B+31.3%
2023-07-25$0.39$0.31−20.5%$1.1B$1.4B+30.3%
2023-04-25$0.37$0.38+2.7%$1.1B$1.4B+29.1%
2023-01-24$0.36$0.39+8.3%$1.1B$1.4B+33.1%
2022-10-25$0.41$0.34−17.1%$1.1B$1.4B+29.7%
2022-07-27$0.52$0.39−25.0%$1.2B$1.5B+27.9%
2022-04-26$0.61$0.56−8.2%$1.3B$1.6B+27.8%
2022-01-25$0.76$0.86+13.2%$1.2B$1.8B+50.2%
2021-10-26$0.73$0.77+5.5%$1.3B$1.8B+30.7%
2021-07-27$0.70$0.78+11.4%$1.3B$1.7B+29.1%
2021-04-27$0.62$0.68+9.7%$1.2B$1.7B+37.5%
2021-01-26$0.57$0.72+26.3%$1.1B$1.6B+44.1%
2020-10-27$0.48$0.53+10.4%$1.4B$1.5B+10.4%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.106-150.206-220.106-290.207-060.207-130.207-200.307-270.208-030.108-100.108-170.108-240.108-31
Week ofNotionalSharesTrades
2026-08-31$131.6M4,054,79368,981
2026-08-24$120.3M3,655,48767,691
2026-08-17$131.4M4,088,23576,142
2026-08-10$146.3M4,588,39877,469
2026-08-03$215.4M6,813,161100,974
2026-07-27$269.1M9,156,237117,084

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1546.2%
DateShort shareShort volumeTotal volume
2026-10-1546.2%826,6671,787,884
2026-10-1450.7%570,9051,126,326
2026-10-1339.2%313,425799,474
2026-10-1247.7%399,185836,662
2026-10-0957.3%1,053,5891,837,165
2026-10-0856.5%622,6371,101,414
2026-10-0759.4%942,8381,586,760
2026-10-0661.6%933,1391,515,455
2026-10-0554.4%711,1341,307,353
2026-10-0264.6%822,6031,273,330
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-2.0Jan-1.3Feb+0.9Mar+0.4Apr-1.3May+0.4Jun+3.4Jul-0.7Aug+0.6Sep+2.4Oct+2.1Nov+4.7Dec
MonthAvg returnUp yearsYears
Jan−2.0%45%20
Feb−1.3%35%20
Mar+0.9%52%21
Apr+0.4%55%20
May−1.3%55%20
Jun+0.4%45%20
Jul+3.4%50%20
Aug−0.7%50%20
Sep+0.6%60%20
Oct+2.4%70%20
Nov+2.1%70%20
Dec+4.7%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1433.2
MFI35.4
ADX34.1
Stochastic %K / %D24.2 / 17.6
Williams %R-74.9
CCI-142
TSI / signal-26.8 / -16.9
Chaikin money flow0.13
ATR$0.92
Bollinger width12.3%
Volume vs 20-day avg0.83x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$30.04 (−6.1%)
SMA 50$31.19 (−9.6%)
SMA 200$27.90 (+1.1%)
EMA 21$29.87 (−5.6%)
EMA 50$30.32 (−7.0%)
EMA 200$27.90 (+1.1%)
Bollinger upper$31.88 (−11.5%)
Bollinger lower$28.19 (+0.0%)
Parabolic SAR$30.39 (−7.2%)
Open the live chart, 110+ indicators

About Invesco Ltd.

Invesco Ltd. engages in the investment management business. Its products include mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.

https://www.invesco.com

Key executives

NameTitlePayBorn
Andrew Ryan SchlossbergPresident, Chief Executive Officer & Director$6.2M1974
Douglas J. SharpSenior MD, Head of the Americas and EMEA & Chair of the Board of Invesco UK$3.4M1975
Andrew Tak Shing LoSenior MD & Head of Asia Pacific$3.3M1962
Laura Allison DukesSenior MD & Chief Financial Officer$3.1M1975
Stephanie Claire ButcherSenior MD & Co-Head of Investment$2.9M1971
Tony WongSenior MD & Co-Head of Investments$2.8M1974
Gregory Wade KetronHead of Investor Relations & Treasury——
Mark Hurst WilliamsonExecutive Vice President and Senior Managing Director—1952

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Andrew R. Schlossberg President and Chief Executive Officer2025$750,000$10.1M$5.3M$16.3M
L. Allison Dukes Senior Managing Director, Chief Financial Officer2025$500,000$4.0M$2.6M$7.1M
Douglas J. Sharp Senior Managing Director, Head of the Americas and EMEA2025$500,000$3.3M$2.8M$6.7M
Andrew T.S. Lo Senior Managing Director and Chief Executive Officer, Invesco Asia-Pacific2025$500,000$3.3M$2.7M$6.6M
Tony L. Wong Senior Managing Director, Co-Head of Investments2025$500,000$3.1M$2.3M$5.9M
Stephanie C. Butcher Senior Managing Director, Co-Head of Investments2025$500,000$3.0M$2.3M$5.9M

Employees

7k20189k20199k20209k20219k20228k20239k20247k2025

Dividends

Ex-dateAmountPaid
2026-08-14$0.2152026-09-02
2026-05-15$0.2152026-06-02
2026-02-13$0.212026-03-03
2025-11-14$0.212025-12-02
2025-08-14$0.212025-09-02
2025-05-14$0.212025-06-03
2025-02-14$0.2052025-03-04
2024-11-14$0.2052024-12-03

Moat model

Weak · Intangible Assets · 2026-06-30
Cost advantage50
Intangibles66
Switching costs46
Network effect32
Efficient scale29
Our component scores (0-100) and overall 47.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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