Invesco reported first-quarter 2026 diluted earnings per share of $0.51, up from $0.38 a year earlier, while adjusted diluted EPS rose to $0.57 from $0.44.
Operating revenue increased to $1.74 billion from $1.53 billion in the first quarter of 2025, a gain of 14.1%. Compared with the fourth quarter of 2025, revenue rose 3.1% from $1.69 billion.
Operating income climbed to $333.2 million from $277.3 million a year earlier, and operating margin improved to 19.1% from 18.1%. On an adjusted basis, operating income increased 24.7% year over year to $436.0 million from $349.5 million, and adjusted operating margin widened to 34.5% from 31.5%.
Net income attributable to Invesco was $230.4 million, up 34.7% from $171.1 million in the same quarter last year. Adjusted net income rose to $260.8 million from $200.5 million, a 30.1% increase.
Net long-term inflows reached $21.8 billion, compared with $19.1 billion in the prior quarter and $17.6 billion in the first quarter of 2025. Total net flows were $33.3 billion, up from $30.5 billion in the fourth quarter and $32.6 billion a year earlier.
By channel, retail brought in $14.7 billion of net long-term inflows and institutional added $7.1 billion. By investment capability, ETFs and index contributed $18.6 billion, China joint venture $8.7 billion, fundamental fixed income $3.7 billion, multi-asset/other $3.6 billion and private markets $0.4 billion. Those gains were partly offset by outflows of $10.8 billion from QQQ and $2.4 billion from fundamental equities.
Ending assets under management were $2.16 trillion, down from $2.17 trillion at the end of the fourth quarter but up from $1.84 trillion a year earlier. Average AUM was $2.22 trillion, up from $2.16 trillion in the prior quarter and $1.88 trillion in last year’s first quarter.
Cash and cash equivalents fell to $806.9 million from $1.04 billion at year-end. Debt rose to $2.0 billion from $1.83 billion, while the credit facility balance increased to $1.1 billion from $437.7 million after the company redeemed $500 million of senior notes that matured in January.
Invesco repurchased 1.6 million common shares for $40 million during the quarter, up from the prior quarter’s pace, and lifted its quarterly common dividend to $0.215 per share from the prior level. The company ended the quarter with 443.3 million common shares outstanding, down from 445.3 million at year-end. Headcount fell to 7,421 from 7,499 in the fourth quarter and from 8,495 a year earlier. Following these announcements, the company's shares moved 0.55%, and are now trading at a price of $25.51. For more information, read the company's full 8-K submission here.
