IVZInvesco
Invesco Ltd. (the Parent), along with its consolidated entities (collectively, Invesco or the company), is an independent investment management firm dedicated to delivering a superior investment experience. 10-K, Item 1
- Headquarters
- Atlanta, GA
- CEO
- Andrew Schlossberg
- Next results
- around Jan 26, 2027
All key numbers (32) From EDGAR
| EPS (ttm) | -0.69 | Sales (ttm) | 7.1B | Net income (ttm) | -316.0M | Sales growth | +5.1% | EPS growth | -236% | Sales Q/Q | +14.2% |
| Free cash flow | 1.8B | Gross margin | - | Oper. margin | -4.5% | Net margin | -4.4% | FCF margin | 24.9% | ROE | -2.5% |
| ROA | -1.1% | R&D / sales | - | Dividend | 0.83 | Debt/Eq | 0.10 | Curr. ratio | - | Cash | 965.5M |
| Op. cash flow (ttm) | 1.9B | EBITDA | -539.8M | EBITDA margin | -8.5% | Net debt | 315.8M | Interest cover | -8.43 | Stock pay / sales | 1.3% |
| Shares out. | 439.5M | Shares Y/Y | -0.6% | Book / share | 28.74 | Cash / share | 2.20 | Sales / share | 16.23 | Asset turnover | 0.26 |
| Sales 3Y CAGR | +1.8% | Sales 5Y CAGR | +0.7% |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
Changes in the numbers
FY2025 against FY2024-
Debt rose 105%$890.6M → $1.8B · Short-term + long-term debt at year end
-
Free cash flow rose 29%$1.1B → $1.4B · Cash from operations − capital expenditure · 10-K ↗
-
Operating margin narrowed to -10.9%13.7% → -10.9% · Operating income / revenue · 10-K ↗
-
Net income turned to a loss$538.0M → −$726.3M · Net income attributable to the company · 10-K ↗
IVZ against Financials peers
Ten years, side by side → · All 76 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 76 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| IVZ Invesco | $7.1B | +5.1% | - | -4.4% | -2.5% | 24.9% | 0.10 |
| TROW T. Rowe Price | $7.7B | +3.1% | - | 28.4% | 19.2% | 20.7% | - |
| RF Regions Financial Corporation | $7.7B | +6.3% | - | 29.9% | 12.9% | - | 0.59 |
| IBKR Interactive Brokers | $7.1B | +19.7% | - | 16.5% | 18.9% | - | - |
| CME CME Group | $7.0B | +6.4% | - | 63.3% | 16.6% | 62.1% | 0.00 |
| BRO Brown & Brown | $6.9B | +22.8% | - | 17.6% | 9.7% | 21.5% | 0.62 |
Profitability
0 of 3- !Net margin below the peer median-4.4% vs 20.4%
- !Return on equity below 15%-2.5%
- !A profit in 8 of 10 years
Cash and shareholders
2 of 2- ✓Share count down over 5 years−1.6%
- ✓Dividend per share up over 5 years$0.78 → $0.83
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2016 to FY2025
Revenue 6.4B Net income -726.3MFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Where the $6.4B of revenue came from
by product, year to Dec 31, 2025- Investment management fees $4.6B · 72%
- Service and distribution fees $1.5B · 24%
- Other $202.2M · 3%
- Performance fees $41.5M · 1%
From the segment tables in the 10-K XBRL. Revenue by segment, product and region →
IVZ's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by product or service
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Investment management fees | 4.6B | 72.4% | +6.3% |
| Service and distribution fees | 1.5B | 23.8% | +2.6% |
| Other | 202.2M | 3.2% | +1.8% |
| Performance fees | 41.5M | 0.7% | -10.6% |
10-K 0000914208-26-000079, segment and revenue notes (XBRL).
Revenue by region
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Americas | 4.8B | 74.7% | +2.4% |
| EMEA | 1.3B | 20.6% | +15.1% |
| APAC | 295.3M | 4.6% | +9.0% |
10-K 0000914208-26-000079, segment and revenue notes (XBRL).
Income statement
From EDGARBalance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 1.3B | 2.0B | 1.1B | 1.0B | 1.4B | 1.9B | 1.2B | 1.5B | 986.5M | 1.0B |
| Short-term investments | - | 346.6M | - | - | - | - | - | - | - | - |
| Property & equipment | 464.7M | 490.7M | 468.7M | 583.5M | 563.8M | 518.1M | 561.1M | 599.5M | 479.0M | 378.9M |
| Goodwill | 6.1B | 6.6B | 7.2B | 8.5B | 8.9B | 8.9B | 8.6B | 8.7B | 8.3B | 8.5B |
| Total assets | 25.7B | 31.7B | 31.0B | 39.4B | 36.5B | 32.7B | 29.8B | 28.9B | 27.0B | 27.1B |
| Total debt | 2.1B | 2.1B | 2.4B | 2.1B | 2.1B | 2.1B | 1.5B | 1.5B | 890.6M | 1.8B |
| Total liabilities | 17.8B | 22.5B | 21.6B | 24.7B | 21.5B | 16.0B | 12.9B | 13.0B | 11.3B | 14.1B |
| Shareholders' equity | 7.5B | 8.7B | 8.6B | 13.9B | 14.4B | 15.5B | 15.2B | 14.6B | 14.6B | 12.2B |
| Retained earnings | 4.8B | 5.5B | 5.9B | 5.9B | 6.1B | 7.2B | 7.5B | 6.8B | 7.0B | 5.9B |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 654.0M | 1.2B | 828.8M | 1.1B | 1.2B | 1.1B | 703.2M | 1.3B | 1.2B | 1.5B |
| Capital spending | 147.7M | 111.7M | 102.5M | 124.3M | 115.0M | 108.8M | 192.9M | 164.3M | 69.1M | 84.3M |
| Free cash flow | 506.3M | 1.0B | 726.3M | 992.3M | 1.1B | 969.3M | 510.3M | 1.1B | 1.1B | 1.4B |
| Stock-based pay (added back) | 159.7M | 175.3M | 172.4M | 207.5M | 188.5M | 140.1M | 106.2M | 114.6M | 104.6M | 80.0M |
| Dividends paid | 460.4M | 471.6M | 490.6M | 529.1M | 357.4M | 307.7M | 334.8M | 357.9M | 371.5M | 377.3M |
| Buybacks | 535.0M | 63.8M | 0 | 110.8M | - | 60.9M | 244.7M | 187.5M | 79.3M | 123.6M |
| Acquisitions | 121.9M | 299.2M | 1.5B | -290.5M | 0 | 0 | - | - | - | - |
| Debt raised | 0 | 0 | - | - | - | - | - | 0 | 0 | 992.7M |
| Debt repaid | - | - | - | - | 0 | 0 | 600.0M | 0 | 600.0M | - |
| Investing cash flow | -1.0B | -974.4M | -2.9B | -1.4B | -859.6M | -847.9M | -375.6M | -244.3M | 68.4M | -974.4M |
| Financing cash flow | 470.1M | 169.0M | 1.5B | 201.3M | -285.9M | 117.3M | -966.9M | -585.4M | -1.7B | -149.5M |
| Dividend per share | 1.11 | 1.15 | 1.19 | 1.23 | 0.78 | 0.67 | 0.73 | 0.79 | 0.81 | 0.83 |
Stock-based pay and leases
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based pay (expense) | 159.7M | 175.3M | 172.4M | 207.5M | 188.5M | 140.1M | 106.2M | 114.6M | 104.6M | 80.0M |
| Stock-based pay / revenue | 3.4% | 3.4% | 3.2% | 3.4% | 3.1% | 2.0% | 1.8% | 2.0% | 1.7% | 1.3% |
| Operating lease cost | - | - | - | 70.0M | 91.6M | 81.4M | 82.9M | 75.4M | 73.7M | 67.2M |
| Operating lease cash paid | - | - | - | 72.8M | 98.3M | 86.0M | 70.7M | 80.8M | 75.0M | 72.1M |
| Right-of-use assets | - | - | - | 325.0M | 275.7M | 256.6M | 360.8M | 319.3M | 335.3M | 297.2M |
| Operating lease liabilities | - | - | - | 364.8M | 319.2M | 289.8M | 480.2M | 433.7M | 454.9M | 406.7M |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.
Work on IVZ in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/IVZ/export.csv") into a cell.