Invesco (IVZ) | Financial Analysis & Statements
Invesco Ltd. Large-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
1.7B
Gross Profit
626.7M
37.04%
Operating Income
-1.5B
-86.18%
Net Income
-995.9M
-58.86%
EPS (Diluted)
$-2.63
Balance Sheet Metrics
Total Assets
27.1B
Total Liabilities
14.1B
Shareholders Equity
13.0B
Debt to Equity
1.08
Cash Flow Metrics
Operating Cash Flow
-917.4M
Free Cash Flow
432.2M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Invesco Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 6.4B | 6.1B | 5.7B | 6.0B | 6.9B |
| Cost of Goods Sold | 4.1B | 4.0B | 3.7B | 3.6B | 4.1B |
| Gross Profit | 2.2B | 2.0B | 2.0B | 2.4B | 2.8B |
| Gross Margin % | 35.2% | 33.4% | 35.1% | 40.3% | 41.1% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 660.5M | 676.0M | 553.8M | 495.1M | 522.7M |
| Other Operating Expenses | 450.0M | 474.3M | 546.0M | 539.8M | 526.0M |
| Total Operating Expenses | 1.1B | 1.2B | 1.1B | 1.0B | 1.0B |
| Operating Income | -695.7M | 832.1M | -393.2M | 1.3B | 1.7B |
| Operating Margin % | -10.9% | 13.7% | -6.9% | 22.1% | 25.0% |
| Non-Operating Items | |||||
| Interest Income | 53.9M | 58.9M | 47.8M | 24.4M | 25.2M |
| Interest Expense | 82.5M | 58.0M | 70.5M | 85.2M | 94.7M |
| Other Non-Operating Income | 344.9M | 172.3M | 178.0M | -30.4M | 847.7M |
| Pre-tax Income | -379.4M | 1.0B | -237.9M | 1.2B | 2.5B |
| Income Tax | -204.6M | 252.9M | -69.7M | 322.2M | 531.1M |
| Effective Tax Rate % | 0.0% | 25.2% | 0.0% | 25.8% | 21.2% |
| Net Income | -174.8M | 752.4M | -168.2M | 925.5M | 2.0B |
| Net Margin % | -2.7% | 12.4% | -2.9% | 15.3% | 28.6% |
| Key Metrics | |||||
| EBITDA | 1.5B | 1.2B | 1.2B | 1.5B | 2.7B |
| EPS (Basic) | $-1.60 | $1.18 | $-0.73 | $1.50 | $3.01 |
| EPS (Diluted) | $-1.60 | $1.18 | $-0.73 | $1.49 | $2.99 |
| Basic Shares Outstanding | 452600000 | 457000000 | 454800000 | 457500000 | 462800000 |
| Diluted Shares Outstanding | 452600000 | 457000000 | 454800000 | 457500000 | 462800000 |
Income Statement Trend
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Invesco Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 2.0B | 1.5B | 1.9B | 1.4B | 2.1B |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 1.2B | 1.1B | 951.6M | 1.0B | 1.3B |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | 3.1B | 2.6B | 2.9B | 2.4B | 3.5B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 20.9B | 22.4B | 23.2B | 24.3B | 25.0B |
| Intangible Assets | 3.9B | 5.7B | 5.8B | 7.1B | 7.2B |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 857.6M | 1.1B | 1.2B | 1.5B | 2.6B |
| Total Non-Current Assets | 24.0B | 24.4B | 26.1B | 27.3B | 29.2B |
| Total Assets | 27.1B | 27.0B | 28.9B | 29.8B | 32.7B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 20.4M | 30.6M | 31.5M | 59.6M | 39.2M |
| Short-term Debt | - | - | - | - | - |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 897.0M | 830.4M | 1.3B | 1.5B | 2.8B |
| Non-Current Liabilities | |||||
| Long-term Debt | 9.8B | 7.5B | 9.0B | 8.6B | 9.7B |
| Deferred Tax Liabilities | 901.5M | 1.3B | 1.3B | 1.7B | 1.6B |
| Other Non-Current Liabilities | 1.4B | 652.2M | 492.1M | 329.6M | 846.3M |
| Total Non-Current Liabilities | 13.2B | 10.5B | 11.8B | 11.4B | 13.2B |
| Total Liabilities | 14.1B | 11.3B | 13.0B | 12.9B | 16.0B |
| Equity | |||||
| Common Stock | 113.2M | 113.2M | 113.2M | 113.2M | 113.2M |
| Retained Earnings | 5.9B | 7.0B | 6.8B | 7.5B | 7.2B |
| Treasury Stock | 2.8B | 2.9B | 3.0B | 3.0B | 3.0B |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 13.0B | 15.7B | 15.9B | 16.8B | 16.7B |
| Key Metrics | |||||
| Total Debt | 9.8B | 7.5B | 9.0B | 8.6B | 9.7B |
| Working Capital | 2.2B | 1.8B | 1.6B | 936.3M | 703.8M |
Balance Sheet Composition
Invesco Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -174.8M | 752.4M | -168.2M | 925.5M | 2.0B |
| Depreciation & Amortization | 155.9M | 179.6M | 182.8M | 195.3M | 205.3M |
| Stock-Based Compensation | 80.0M | 104.6M | 114.6M | 106.2M | 140.1M |
| Working Capital Changes | -5.6M | 319.7M | 448.7M | 912.8M | 5.6B |
| Operating Cash Flow | 67.1M | 1.3B | 499.2M | 1.9B | 7.4B |
| Investing Activities | |||||
| Capital Expenditures | -84.3M | -69.1M | -164.3M | -192.9M | -108.8M |
| Acquisitions | 236.5M | - | - | - | 0 |
| Investment Purchases | -5.4B | -4.5B | -3.3B | -3.0B | -6.2B |
| Investment Sales | 4.2B | 4.5B | 3.1B | 2.7B | 5.4B |
| Investing Cash Flow | -1.0B | -58.4M | -267.6M | -408.2M | -892.8M |
| Financing Activities | |||||
| Share Repurchases | -1.9B | -79.3M | -187.5M | -244.7M | -60.9M |
| Dividends Paid | -581.9M | -608.3M | -594.7M | -571.6M | -544.5M |
| Debt Issuance | 8.7B | 3.8B | 703.0M | 30.1M | 3.4B |
| Debt Repayment | -6.4B | -4.7B | -451.8M | -605.1M | -2.5B |
| Financing Cash Flow | -149.5M | -1.7B | -585.4M | -966.9M | 426.7M |
| Free Cash Flow | 1.4B | 1.1B | 1.1B | 510.3M | 969.3M |
| Net Change in Cash | -1.1B | -453.5M | -353.8M | 517.4M | 7.0B |
Cash Flow Trend
Invesco Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
19.32
Forward P/E
8.82
Price to Book
1.17
Price to Sales
1.78
PEG Ratio
-0.03
Profitability Ratios
Profit Margin
-4.42%
Operating Margin
20.38%
Return on Equity
-1.22%
Return on Assets
2.60%
Financial Health
Current Ratio
0.79
Debt to Equity
17.16
Beta
1.63
Per Share Data
EPS (TTM)
$-1.60
Book Value per Share
$21.89
Revenue per Share
$14.09
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| IVZ | 11.3B | 19.32 | 1.17 | -1.22% | -4.42% | 17.16 |
| BlackRock | 162.5B | 26.32 | 2.90 | 9.02% | 24.40% | 24.37 |
| Brookfield | 102.6B | 92.57 | 2.32 | 1.95% | 1.68% | 164.04 |
| Brookfield Asset | 78.3B | 31.31 | 9.55 | 22.31% | 51.59% | 28.52 |
| Ameriprise | 49.1B | 17.70 | 8.08 | 58.24% | 17.74% | 53.93 |
| State Street | 42.2B | 15.49 | 1.75 | 11.26% | 21.30% | 1.04 |
Financial data is updated regularly. All figures are in the company's reporting currency.






