Invesco reported second-quarter 2026 diluted earnings per share of $0.76, up from $0.51 in the first quarter and a swing from a loss of $0.03 a year earlier. Adjusted diluted EPS rose to $0.71 from $0.57 in the prior quarter and $0.36 in the second quarter of 2025.
Operating revenues climbed to $1.83 billion from $1.74 billion in the first quarter and $1.52 billion a year earlier. Operating income increased to $364.2 million from $333.2 million sequentially and $214.2 million year over year. Operating margin widened to 19.9% from 19.1% in the first quarter.
On an adjusted basis, net revenues increased to $1.33 billion from $1.26 billion in the prior quarter and $1.10 billion a year ago. Adjusted operating income rose to $498.7 million from $436.0 million sequentially and $344.4 million year over year. Adjusted operating margin expanded to 37.5% from 34.5% in the first quarter and 31.2% in the second quarter of 2025.
Assets under management ended the quarter at $2.47 trillion, up 14.4% from $2.16 trillion at March 31 and 23.4% from $2.00 trillion a year earlier. Average AUM increased to $2.37 trillion from $2.22 trillion in the first quarter and $1.90 trillion in the second quarter of 2025.
Net long-term inflows reached a record $45.1 billion in the quarter, more than doubling from $21.8 billion in the first quarter and up from $15.6 billion a year earlier. Retail net long-term inflows were $47.3 billion, while institutional net long-term outflows were $2.2 billion.
By investment capability, ETFs and index brought in $30.1 billion, QQQ added $13.8 billion, China JV contributed $6.9 billion, private markets added $1.9 billion and fundamental fixed income added $0.4 billion. Those gains were partly offset by $7.7 billion of outflows from fundamental equities and $0.3 billion from multi-asset/other.
By region, the Americas generated $30.8 billion of net long-term inflows, Asia Pacific $8.2 billion and EMEA $6.1 billion.
Total net flows were $62.7 billion, up from $33.3 billion in the first quarter and $15.2 billion in the second quarter of 2025. Annualized long-term organic growth rose to 8.5% from 4.4% in the first quarter.
Cash and cash equivalents increased to $915.4 million from $806.9 million at the end of March. Debt fell to $1.62 billion from $1.97 billion, and net debt dropped to $708.6 million from $1.16 billion. The credit facility balance declined to $736.0 million from $1.08 billion.
Invesco repurchased 1.9 million common shares for $50 million in the quarter, compared with the company’s earlier pace of buybacks not specified in the release, and ended the period with 441.5 million common shares outstanding. It paid $96.8 million in common dividends and $37.0 million in preferred dividends.
For the first half of 2026, the company said it produced record net long-term inflows of $67 billion and record net revenues, up 17% from the same period last year. Following these announcements, the company's shares moved -0.7%, and are now trading at a price of $29.90. If you want to know more, read the company's complete 8-K report here.
