Invesco Ltd. (NYSE: IVZ) has reported its financial results for the three months and year ended December 31, 2025. The company achieved $19.1 billion of net long-term inflows for the quarter, primarily driven by ETFs and index and China JV. For the full year 2025, it reported $81.2 billion of net long-term inflows, primarily driven by ETFs and index, China JV, and fundamental fixed income.
The ending assets under management (AUM) increased to $2.2 trillion, marking a 2.1% increase from the prior quarter and a significant 17.5% increase from the prior year-end. The operating margin for Q4 2025 was (86.2)%, impacted by a $1.8 billion non-cash intangible asset impairment. However, the adjusted operating margin was 36.4%, not impacted by the intangible impairment.
In terms of financial results, Invesco reported a fourth quarter diluted earnings per share (EPS) of $(2.61), with an adjusted diluted EPS of $0.62. The company experienced a non-cash intangible impairment of $1.8 billion, which negatively impacted the fourth quarter diluted EPS by $3.01.
The net long-term inflows for the fourth quarter of 2025 were $19.1 billion, compared to $28.9 billion in the third quarter. The company also reported a 2.1% increase in ending AUM from the prior quarter and a 17.5% increase from the prior year-end.
For the full year 2025, Invesco achieved an annualized organic growth rate of 5.7% and reported operating revenues of $6,377.1 million, representing a 5.1% increase from the previous year. The net income attributable to Invesco Ltd. for the year was a loss of $726.3 million, with a diluted EPS of $(1.60).
In terms of operating results, operating revenues increased by $51.6 million in Q4 2025 compared to the third quarter, with investment management fees contributing to the increase. The company also reported significant changes in its non-operating income and expenses, with a tax provision of $(349.5) million in Q4 2025 compared to an expense of $78.6 million in Q4 2024.
The press release also highlighted Invesco's capital management, with cash and cash equivalents amounting to $1,037.5 million at December 31, 2025.
Today the company's shares have moved 0.17% to a price of $29.44. For the full picture, make sure to review Invesco's 8-K report.
