$IVZ

Invesco Ltd.

CIK:0000914208|SEC Filings

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating revenues:
Total operating revenues	$ 1,825.6	$ 1,515.5	$ 3,570.1	$ 3,044.7
Operating expenses:
Third-party distribution, service and advisory	627.1	500.7	1,228.5	1,009.7
Employee compensation	546.7	510.4	1,059.4	975.0
Marketing	36.7	23.1	74.1	40.1
Property, office and technology	109.3	118.2	213.9	232.1
General and administrative	133.5	139.2	280.6	276.5
Amortization of intangible assets	8.1	9.7	16.2	19.8
Total operating expenses	1,461.4	1,301.3	2,872.7	2,553.2
Operating income	364.2	214.2	697.4	491.5
Other income/(expense):
Equity in earnings of unconsolidated affiliates	35.1	25.0	69.1	44.6
Interest and dividend income	9.9	10.5	19.1	21.8
Interest expense	(23.6)	(20.7)	(47.9)	(33.8)
Other gains/(losses), net	105.8	59.7	105.4	35.4
Other income/(expense) of CIP, net	(36.0)	(14.3)	(87.5)	59.8
Income before income taxes	455.4	274.4	755.6	619.3
Income tax provision	(116.5)	(77.0)	(197.6)	(154.6)
Net income	338.9	197.4	558.0	464.7
Net (income)/loss attributable to noncontrolling interests in consolidated entities	43.4	6.0	92.9	(31.0)
Dividends declared on preferred shares	(37.0)	(56.6)	(75.2)	(115.8)
Net income/(loss) attributable to Invesco Ltd.	$ 345.3	$ (12.5)	$ 575.7	$ 158.6
Earnings per common share:
basic (in USD per share)	$ 0.77	$ (0.03)	$ 1.28	$ 0.35
diluted (in USD per share)	$ 0.76	$ (0.03)	$ 1.27	$ 0.35
Investment management fees
Operating revenues:
Total operating revenues	$ 1,461.8	$ 1,100.9	$ 2,844.0	$ 2,201.2
Service and distribution fees
Operating revenues:
Total operating revenues	309.9	363.8	611.7	734.7
Performance fees
Operating revenues:
Total operating revenues	3.7	2.6	15.0	6.1
Other
Operating revenues:
Total operating revenues	$ 50.2	$ 48.2	$ 99.4	$ 102.7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net income	$ 558.0	$ 464.7
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Amortization and depreciation	65.4	81.6
Impairment of leased assets	3.6	0.0
Common share-based compensation expense	65.3	38.9
Other (gains)/losses, net	(105.0)	(33.1)
Other (gains)/losses of CIP, net	165.3	(10.8)
Equity in earnings of unconsolidated affiliates	(69.1)	(44.6)
Distributions from equity method investees	8.5	1.5
Changes in operating assets and liabilities:
(Purchase)/sale of investments by CIP, net	(75.5)	39.4
(Purchase)/sale of investments, net	101.8	84.5
(Increase)/decrease in receivables and other assets	(57.1)	(26.1)
Increase/(decrease) in payables and other liabilities	285.6	(132.7)
Net cash provided by/(used in) operating activities	946.8	463.3
Investing activities:
Purchase of property, equipment and software	(44.7)	(40.9)
Purchase of investments by CIP	(3,195.7)	(1,914.1)
Sale of investments by CIP	1,777.0	1,537.0
Purchase of investments	(49.4)	(23.9)
Sale of investments	0.0	0.1
Capital distribution from equity method investees	11.9	74.4
Proceeds from sale of management agreements	62.3	0.0
Net cash inflows/(outflows) upon consolidation/deconsolidation of CIP	(0.1)	0.0
Net cash provided by/(used in) investing activities	(1,438.7)	(367.4)
Financing activities:
Purchases of treasury shares	(119.6)	(68.6)
Repurchase of preferred shares	0.0	(1,150.0)
Dividends paid - preferred	(75.2)	(115.8)
Dividends paid - common	(192.1)	(187.7)
Third-party capital invested into CIP	383.9	107.3
Third-party capital distributed by CIP	(71.3)	(133.4)
Borrowings of debt of CIP	1,997.9	2,054.0
Repayments of debt of CIP	(1,571.2)	(1,694.0)
Borrowings of Revolving Credit Agreement	2,491.9	1,684.5
Repayments of Revolving Credit Agreement	(2,193.6)	(1,684.5)
Net proceeds from Term Loan Agreements	0.0	992.7
Repayment of debts	(500.0)	0.0
Net cash provided by/(used in) financing activities	150.7	(195.5)
Increase/(decrease) in cash and cash equivalents	(341.2)	(99.6)
Supplemental Cash Flow Information [Abstract]
Foreign exchange movement on cash and cash equivalents	(16.2)	59.4
Foreign exchange movement on cash and cash equivalents of CIP	(12.1)	36.1
Cash and cash equivalents, beginning of period	1,979.8	1,496.0
Cash and cash equivalents, end of period	1,610.3	1,491.9
Cash and cash equivalents	915.4	922.7
Cash and cash equivalents of CIP	694.9	569.2
Total cash and cash equivalents per condensed consolidated statement of cash flows	$ 1,610.3	$ 1,491.9