Invesco (IVZ) Q2 FY2026 earnings: revenue $1.8 billion, up 20.5% on the year

Invesco Ltd. (IVZ) reported revenue of $1.8 billion for Q2 FY2026, the quarter ended 30 June 2026, up 20.5% on the same quarter a year earlier. Net income was $345 million, and diluted earnings per share $0.76. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue

$1.8 billion

+20.5% on the year · +4.6% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

19.9%

14.1% a year earlier

Q3 FY2024Q2 FY2026

Net income

$345 million

+49.9% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$0.76

+49.0% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 kept.

Net long-term inflows reached $45.1 billion: Net long-term inflows were $45.1 billion, against $21.8 billion in the first quarter and $15.6 billion a year earlier.
Retail inflows exceeded institutional outflows: Retail net long-term inflows were $47.3 billion, while institutional net long-term outflows were $2.2 billion.
Adjusted operating expenses held flat: Adjusted operating expenses were $830.4 million, up $2.1 million from the first quarter. Gross operating expenses rose $50.1 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	1,826	1,744	1,516	+4.6%	+20.5%
Operating income	364	333	214	+9.3%	+70.0%
Operating margin	19.9%	19.1%	14.1%
Interest expense	23.6	24.3	20.7	-2.9%	+14.0%
Pre-tax income	455	300	274	+51.7%	+66.0%
Income tax	116	81.1	77.0	+43.6%	+51.3%
Effective tax rate	25.6%	27.0%	28.1%
Net income	345	230	-12.5	+49.9%
Net margin	18.9%	13.2%	-0.8%
Diluted EPS	$0.76	$0.51	-$0.03	+49.0%

$ million except per share.

Free 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

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	734	213	548	+245.3%	+34.0%
Capital expenditure	30.5	14.2	17.5	+114.8%	+74.3%
Free cash flow	704	198	530	+254.7%	+32.7%
Free cash flow margin	38.5%	11.4%	35.0%
Cash from investing	-706	-733	-275
Cash from financing	-121	271	-725
Depreciation and amortisation	32.2	33.2	40.1	-3.0%	-19.7%
Share-based compensation	31.3	34.0	23.7	-7.9%	+32.1%
Buybacks	50.4	69.2	25.5	-27.2%	+97.6%
Dividends paid	96.8	95.3	95.2	+1.6%	+1.7%
Dividend per share	$0.21	$0.21	$0.21	+2.4%	+2.4%
Diluted shares, weighted	454m	454m	455m	+0.2%	-0.2%
Shares outstanding at period end	442m	443m	446m	-0.4%	-1.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	12,472	12,255	13,873	+1.8%	-10.1%
Non-controlling interest	635	682	554	-6.9%	+14.6%
Redeemable equity	363	325	532	+11.7%	-31.7%
Debt	1,624	1,967	1,884	-17.4%	-13.8%
Other liabilities	12,379	11,606	11,654	+6.7%	+6.2%
Total liabilities and equity	27,473	26,835	28,497	+2.4%	-3.6%
Fixed assets	370	365	454	+1.5%	-18.4%
Goodwill	8,400	8,416	8,583	-0.2%	-2.1%
Intangible assets	3,906	3,916	5,751	-0.2%	-32.1%
Cash and equivalents	915	807	923	+13.4%	-0.8%
Other assets	13,882	13,331	12,786	+4.1%	+8.6%
Total assets	27,473	26,835	28,497	+2.4%	-3.6%

Questions

What was Invesco's revenue in Q2 FY2026?

Invesco (IVZ) reported revenue of $1.8 billion for Q2 FY2026, the quarter ended 30 June 2026, up 20.5% on the same quarter a year earlier.

How much did Invesco earn in Q2 FY2026?

Net income for Q2 FY2026 was $345 million, and diluted earnings per share $0.76.

When did Invesco report Q2 FY2026 results?

Invesco filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 4 August 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,763	1,629	1,530	1,446	1,443	1,418	1,443	1,442	1,413	1,475	1,483	1,515	1,593	1,529	1,516	1,640	1,692	1,744	1,826	1,873
Operating income	509	378	345	350	245	210	204	228	-1,076	213	207	100	312	277	214	271	-1,458	333	364	436
Operating margin	29%	23%	23%	24%	17%	15%	14%	16%	-76%	14%	14%	7%	20%	18%	14%	17%	-86%	19%	20%	23%
Interest expense	23.2	23.2	25.8	18.6	17.6	18.0	18.4	17.3	16.8	15.9	16.3	13.4	12.4	13.1	20.7	25.7	23.0	24.3	23.6	20.3
Pre-tax income	688	320	282	255	390	236	230	230	-934	283	260	145	317	345	274	347	-1,345	300	455	464
Tax rate	19%	26%	22%	34%	23%	30%	28%	27%	n/a	24%	25%	29%	25%	22%	28%	-3%	n/a	27%	26%	23%
Net income	427	198	121	177	188	145	132	131	-742	142	132	55.0	209	171	-12.5	301	-1,186	230	345	294
Net margin	24%	12%	8%	12%	13%	10%	9%	9%	-53%	10%	9%	4%	13%	11%	-1%	18%	-70%	13%	19%	16%
Diluted EPS	$0.91	$0.43	$0.26	$0.39	$0.41	$0.32	$0.29	$0.29	-$1.64	$0.31	$0.29	$0.12	$0.46	$0.38	-$0.03	$0.66	-$2.61	$0.51	$0.76	$0.65
Operating cash flow	-3.7	-375	123	492	464	-98.9	331	354	714	-54.4	489	438	317	-84.6	548	606	456	213	734	475
Capital expenditure	35.6	23.9	33.2	62.7	73.1	38.1	46.7	39.2	40.3	21.0	26.7	28.4	n/a	23.4	17.5	19.8	23.6	14.2	30.5	32.2
Free cash flow	-39.3	-399	89.9	429	390	-137	285	315	674	-75.4	462	410	n/a	-108	530	586	432	198	704	443
Buybacks	2.8	232	1.9	5.7	4.6	27.7	152	3.9	4.4	20.4	2.7	30.2	26.0	43.1	25.5	29.2	25.8	69.2	50.4	75.0
Dividends paid	78.8	77.8	85.6	85.7	85.7	85.7	91.9	90.1	90.2	90.2	93.2	95.3	92.8	92.5	95.2	95.0	94.6	95.3	96.8	98.4
Shares outstanding	461m	455m	455m	455m	455m	458m	449m	450m	450m	450m	450m	449m	448m	448m	446m	445m	444m	443m	442m	440m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 4 August 2026: the filing.