Invesco (IVZ) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$0.61

$0.57$0.66

vs $0.36+70.2%

10 analysts

Next Qtr

$0.67

$0.64$0.71

vs $0.61+10.1%

9 analysts

Current Yr

$2.59

$2.48$2.72

vs $2.03+27.6%

12 analysts

Next Yr

$2.97

$2.82$3.23

vs $2.59+14.6%

12 analysts

Revenue Estimates

Current Qtr

$1.27B

$1.25B$1.29B

vs $1.10B+14.9%

3 analysts

Next Qtr

$1.30B

$1.27B$1.32B

vs $1.19B+9.8%

3 analysts

Current Yr

$5.18B

$5.11B$5.24B

vs $4.66B+11.2%

4 analysts

Next Yr

$5.50B

$5.43B$5.58B

vs $5.18B+6.1%

4 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for IVZ on EDGAR.

IVZ filing events and research context
Filed	Item	Context
Feb 24, 2026	business	Invesco Ltd. is a global investment management firm serving retail and institutional clients, generating revenue primarily through investment management, service, distribution, and performance fees based on assets under management (AUM). The company is highly sensitive to AUM market price risk, as declines in equity and fixed-income securities directly reduce fee income. A significant industry trend is the investor shift away from actively managed funds, which led Invesco to record a $1,794.9 million impairment of indefinite-lived intangible assets related to U.S. retail mutual fund management contracts in 2025. Financial risks include inflation-driven increases in compensation costs and interest rate volatility that can depress AUM values. Invesco manages liquidity through a $2.5 billion Revolving Credit Agreement and carries $1,825.1 million in total debt. Recent strategic activity includes the divestiture of intelliflo and its India operations, alongside an agreement to sell its Canadian fund management agreements to CI Global Asset Management. Additionally, the company faces foreign exchange translation risk, particularly regarding the Pound Sterling and Euro. Management continues to monitor credit concentrations, with $1,037.5 million in maximum exposure related to cash and cash equivalent deposits.
Feb 24, 2026	mda	Invesco ended 2025 with $2.17 trillion in assets under management (AUM), though net revenue yield excluding performance fees declined to 23.0 basis points as client demand shifted toward lower-yield products. GAAP net income swung to a loss of $726.3 million, primarily driven by a $1.79 billion non-cash impairment of indefinite-lived intangible assets related to U.S. retail mutual fund management contracts, reflecting a secular investor shift away from active management. Conversely, adjusted net income rose to $922 million. Strategic initiatives included converting the Invesco QQQ Trust to an open-end ETF and forming private markets partnerships with Barings and LGT Capital Partners to target U.S. wealth and retirement channels. The company streamlined operations by divesting the intelliflo business, a 60% interest in Invesco Asset Management (India), and its Canadian fund management agreements. Capital management focused on deleveraging and shareholder returns, highlighted by the $1.5 billion repurchase of Series A Preferred Stock, $100.4 million in common share buybacks, and the repayment of a $500 million term loan. Liquidity remains robust with $1.0 billion in cash and a $2.5 billion revolving credit facility extending to 2030.
Feb 24, 2026	risk_factors	Invesco’s revenue is highly sensitive to global capital market volatility and secular shifts in investor preference, which have driven a decline in net revenue yield from 25.4 to 23.0 basis points. A critical risk is the ongoing migration away from actively managed funds, resulting in a $1.79 billion non-cash impairment of indefinite-lived intangible assets related to U.S. retail mutual fund management contracts. To mitigate these trends, the company is expanding into private markets through strategic partnerships with Barings and LGT Capital Partners and has converted the Invesco QQQ Trust into an open-end ETF to enhance operational flexibility. Strategic refocusing is further evidenced by the divestiture of the intelliflo business and the sale of interests in the Indian and Canadian markets. Financial stability depends on managing a $2.5 billion revolving credit facility and navigating interest rate and foreign exchange risks, particularly regarding the U.S. Dollar, Pound Sterling, and Euro. Additionally, inflation threatens to compress margins by increasing employee compensation costs while simultaneously reducing AUM values through rising interest rates.

Filed

Item

Context

Feb 24, 2026

business

Invesco Ltd. is a global investment management firm serving retail and institutional clients, generating revenue primarily through investment management, service, distribution, and performance fees based on assets under management (AUM). The company is highly sensitive to AUM market price risk, as declines in equity and fixed-income securities directly reduce fee income. A significant industry trend is the investor shift away from actively managed funds, which led Invesco to record a $1,794.9 million impairment of indefinite-lived intangible assets related to U.S. retail mutual fund management contracts in 2025. Financial risks include inflation-driven increases in compensation costs and interest rate volatility that can depress AUM values. Invesco manages liquidity through a $2.5 billion Revolving Credit Agreement and carries $1,825.1 million in total debt. Recent strategic activity includes the divestiture of intelliflo and its India operations, alongside an agreement to sell its Canadian fund management agreements to CI Global Asset Management. Additionally, the company faces foreign exchange translation risk, particularly regarding the Pound Sterling and Euro. Management continues to monitor credit concentrations, with $1,037.5 million in maximum exposure related to cash and cash equivalent deposits.

Feb 24, 2026

mda

Invesco ended 2025 with $2.17 trillion in assets under management (AUM), though net revenue yield excluding performance fees declined to 23.0 basis points as client demand shifted toward lower-yield products. GAAP net income swung to a loss of $726.3 million, primarily driven by a $1.79 billion non-cash impairment of indefinite-lived intangible assets related to U.S. retail mutual fund management contracts, reflecting a secular investor shift away from active management. Conversely, adjusted net income rose to $922 million. Strategic initiatives included converting the Invesco QQQ Trust to an open-end ETF and forming private markets partnerships with Barings and LGT Capital Partners to target U.S. wealth and retirement channels. The company streamlined operations by divesting the intelliflo business, a 60% interest in Invesco Asset Management (India), and its Canadian fund management agreements. Capital management focused on deleveraging and shareholder returns, highlighted by the $1.5 billion repurchase of Series A Preferred Stock, $100.4 million in common share buybacks, and the repayment of a $500 million term loan. Liquidity remains robust with $1.0 billion in cash and a $2.5 billion revolving credit facility extending to 2030.

Feb 24, 2026

risk_factors

Invesco’s revenue is highly sensitive to global capital market volatility and secular shifts in investor preference, which have driven a decline in net revenue yield from 25.4 to 23.0 basis points. A critical risk is the ongoing migration away from actively managed funds, resulting in a $1.79 billion non-cash impairment of indefinite-lived intangible assets related to U.S. retail mutual fund management contracts. To mitigate these trends, the company is expanding into private markets through strategic partnerships with Barings and LGT Capital Partners and has converted the Invesco QQQ Trust into an open-end ETF to enhance operational flexibility. Strategic refocusing is further evidenced by the divestiture of the intelliflo business and the sale of interests in the Indian and Canadian markets. Financial stability depends on managing a $2.5 billion revolving credit facility and navigating interest rate and foreign exchange risks, particularly regarding the U.S. Dollar, Pound Sterling, and Euro. Additionally, inflation threatens to compress margins by increasing employee compensation costs while simultaneously reducing AUM values through rising interest rates.

Forward Estimates

IVZ filing events and research context

Keep researching IVZ

Related tickers

Related explainers

Forward Estimates