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Invesco (IVZ) FY2024 results: revenue $6.1 billion, up 6.1% on the year

Invesco Ltd. (IVZ) reported revenue of $6.1 billion for fiscal 2024, the year ended 31 December 2024, up 6.1% on the year before. Net income was $538 million, and diluted earnings per share $1.18. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.

Revenue
$6.1 billion
+6.1% on the year
FY2017FY2024
Operating margin
13.7%
-7.6% a year earlier
FY2017FY2024
Net income
$538 million
FY2017FY2024
Diluted EPS
$1.18
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue6,0675,7166,049+6.1%
Operating income832-4351,318
Operating margin13.7%-7.6%21.8%
Interest expense58.070.585.2-17.7%
Pre-tax income1,005-2381,248
Income tax253-69.7322
Effective tax rate25.2%n/a25.8%
Net income538-334684
Net margin8.9%-5.8%11.3%
Diluted EPS$1.18-$0.73$1.49
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,1901,301703-8.5%
Capital expenditure69.1164193-57.9%
Free cash flow1,1211,136510-1.4%
Free cash flow margin18.5%19.9%8.4%
Cash from investing68.4-244-376
Cash from financing-1,662-585-967
Depreciation and amortisation180183195-1.8%
Share-based compensation105115106-8.7%
Buybacks79.3188245-57.7%
Dividends paid372358335+3.8%
Dividend per share$0.81$0.79$0.73+3.5%
Diluted shares, weighted458m456m460m+0.3%
Shares outstanding at period end448m450m455m-0.3%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity14,56014,59815,214-0.3%
Non-controlling interest564573630-1.5%
Redeemable equity545746999-27.0%
Debt8911,4901,488-40.2%
Other liabilities10,45011,52811,427-9.4%
Total liabilities and equity27,00928,93429,757-6.7%
Fixed assets479600561-20.1%
Goodwill8,3188,6928,558-4.3%
Intangible assets5,7495,8487,141-1.7%
Cash and equivalents9861,4691,235-32.9%
Other assets11,47612,32612,262-6.9%
Total assets27,00928,93429,757-6.7%

10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.