Invesco (IVZ) investor relations material

Executive summary

• Achieved record net inflows of $67 billion year-to-date, representing 7% annualized organic growth and record net revenue up 17% year-over-year.

• Operating income increased 35% in the first half, with operating margin expanding by nearly 470 basis points to 37.5% in Q2 2026.

• Adjusted EPS increased 60% year-over-year, reflecting successful business streamlining and margin expansion.

• Launched over 50 new products globally, including active ETFs and tokenized treasury strategies.

• QQQ AUM increased 20% year-to-date, and the firm completed a strategic partnership in Canada, sub-advising funds with ~$9 billion AUM.

Financial highlights

• Net long-term inflows reached a record $45.1 billion in Q2 2026, marking the 12th consecutive quarter of net inflows and 8.5% annualized organic growth.

• AUM hit a record $2.5 trillion, up 14.4% sequentially and 23.4% year-over-year.

• Net revenue grew 5% sequentially and over 20% year-over-year; adjusted operating income rose 14% sequentially and 44.8% year-over-year.

• Adjusted diluted EPS was $0.71, up 24.6% sequentially and 97.2% year-over-year.

• Net debt reduced by over $450 million in Q2 2026; common share buybacks increased to $50 million and quarterly dividend raised to $0.215 per share.

Outlook and guidance

• Focus remains on expanding operating margins into the high 30s and maintaining positive operating leverage.

• Hybrid investment platform implementation costs expected at ~$15 million per quarter in H2 2026, tapering off in 2027.

• Compensation as a percentage of revenue guided at 40% for 2026.

• Distribution ratio expected to trend toward 23% due to product mix shift.

• Expect continued cost savings from platform modernization beginning in 2027 and incremental platform fees projected to reach ~$10 million per quarter by year-end 2026.