Invesco Ltd. (NYSE: IVZ) has released its financial results for the fourth quarter and full year ending December 31, 2024. The company reported net long-term inflows of $25.6 billion for the quarter, primarily driven by ETFs and APAC managed assets. For the full year 2024, net long-term inflows amounted to $65.1 billion, with significant contributions from ETFs, APAC managed, fundamental fixed income, and private markets.
The ending assets under management (AUM) stood at $1.85 trillion, marking a 2.8% increase from the prior quarter and a substantial 16.4% increase from the previous year-end. Notably, the operating margin for Q4 2024 reached 19.6%, while the adjusted operating margin was 33.7%.
In terms of capital management, Invesco maintained a zero balance on its credit facility and held cash and cash equivalents of $1 billion. During the quarter, the company repurchased 1.4 million common shares for $25 million.
Looking at the financial highlights, the U.S. GAAP diluted EPS for the fourth quarter was reported at $0.46, with adjusted diluted EPS at $0.52, representing an increase of 18.2% from the previous quarter. Net revenues for Q4 2024 were $1,157.2 million, reflecting a 4.8% increase from the prior quarter.
Comparing the fourth quarter of 2024 to the same period in 2023, operating revenues increased by $179.6 million, while adjusted operating income rose by 114.7 million, resulting in an adjusted operating margin of 33.7%, a significant improvement from the 26.3% margin in Q4 2023.
As a result of these announcements, the company's shares have moved 9.2% on the market, and are now trading at a price of $19.38. For more information, read the company's full 8-K submission here.
