FirmAtlas
Company handbook · IVZ · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
IVZ · CIK 914208 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026
Invesco Ltd.
$28.20
−0.60 (−2.08%)
Close, Oct 16, 2026 · 52-week $21–34
Last fiscal year
Invesco Ltd. reported revenue of $6.4B for the year ended Dec 31, 2025 (FY25), up 5.1% from FY24. Net loss was $726M, operating cash flow $1.5B and free cash flow $1.4B. Source: 10-K filed Feb 24, 2026.
Market cap
$12.5B
P/B
1.0
Div yield
3.01%
ROIC
−2.5%
Revenue 1Y
5.1%/yr
EPS 1Y
n/m
Shares 1Y
−0.9%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOAndrew R. Schlossberg
HQAtlanta, GA
AuditorPricewaterhouseCoopers LLP
Employees7,500
Year endsDecember
Revenue by segment · FY25
Investment Advice72%
Distribution And Shareholder Service24%
Financial Service Other3%
Investment Performance1%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−0.6%
2.4%
28.3%
23.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.1B deployed
Capex
$153M
13.9%
Dividends
$749M
67.8%
Buybacks
$203M
18.4%
Operating cash flow over the period: $2.7B. Total debt changed by +$934M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
6,067
6,377+5.1%
6,902
YoY
+5.1%
Operating income
832
(696)−183.6%
(490)
Operating margin
13.7%
−10.9%−24.6 pp
—
EBITDA
1,012
(540)−153.4%
—
EBITDA margin
16.7%
−8.5%−25.1 pp
—
Interest expense
58
82+42.2%
—
Interest coverage
17.44x
−6.54x−23.99x
—
Net income
538
(726)−235.0%
(309)
YoY
−235.0%
Net margin
8.9%
−11.4%−20.3 pp
—
EPS (diluted, $)
1.18
−1.60−235.6%
—
YoY
−235.6%
Balance sheet
Total assets
27,009
27,094+0.3%
27,473
Cash & short-term investments
1,496
1,980+32.3%
—
Net PP&E
479
379−20.9%
—
Other assets
25,034
24,735−1.2%
—
Total liabilities
12,449
14,863+19.4%
15,001
Total debt
891
1,825+104.9%
1,624
Other liabilities
11,558
13,038+12.8%
—
Shareholders’ equity
14,560
12,231−16.0%
12,472
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,190
1,525+28.2%
2,009
Net income
752
(175)−123.2%
—
Depreciation & amortization
180
156−13.2%
—
Stock-based compensation
105
80−23.5%
—
Working capital & other
153
1,464+854.5%
—
Cash from investing
68
(974)−1524.6%
—
Capex
(69)
(84)n/m
—
Other investing
138
(890)−747.3%
—
Cash from financing
(1,662)
(150)n/m
—
Debt raised
0
993n/m
—
Debt repaid
(600)
—
—
Dividends
(372)
(377)n/m
—
Buybacks
(79)
(124)n/m
—
Other financing
(611)
(641)n/m
—
Net change in cash
(403)
401n/m
—
Free cash flow (OCF − capex)
1,121
1,441+28.6%
1,921
Where the cash went
Operating cash flow
1,190
1,525+28.2%
2,009
Reinvested in the business
69
84+22.0%
—
% of operating cash flow
5.8%
5.5%
Capex
69
84+22.0%
88
Free cash flow
1,121
1,441+28.6%
1,921
YoY
+28.6%
Returned to shareholders
451
501+11.1%
—
% of free cash flow
40.2%
34.8%
Dividends
372
377+1.6%
—
Buybacks
79
124+55.9%
—
Change in total debt
—
934
—
Cash left over
—
1,875
—
FCF conversion (FCF ÷ net income)
208.3%
—
—
Buyback yield
1.0%
1.1%+0.0 pp
—
Returns & ratios
ROIC (all capital)
4.5%
−2.5%−6.9 pp
—
ROIC (operating)
130.0%
−74.7%−204.7 pp
—
Net debt / EBITDA
−0.60x
—
—
Debt / equity
0.06x
0.15x+0.09x
—
ROE
3.7%
−5.9%−9.6 pp
—
ROA
2.0%
−2.7%−4.7 pp
—
NOPAT
623
(321)−151.5%
—
Invested capital (operating)
479
379−20.9%
—
Invested capital (all)
13,954
12,076−13.5%
—
Reinvestment rate
—
31.2%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,640
1,692
1,744
1,826
vs year-ago quarter
Operating income
271
(1,458)
333
364
Net income
301
(1,186)
230
345
vs year-ago quarter
Net margin
18.4%
−70.1%
13.2%
18.9%
EPS (diluted, $)
0.66
−2.67
0.51
0.76
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
28,439
27,094
26,835
27,473
Cash & equivalents
1,524
1,980
1,706
1,610
Total debt
1,625
1,825
1,967
1,624
Shareholders’ equity
14,006
12,231
12,255
12,472
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
606
456
213
734
Capex
20
24
14
31
Free cash flow
586
432
198
704
vs year-ago quarter