Earnings Call
Jul 28, 2026
Q2 FY2026
EPS Estimate
0.67
EPS Actual
0.71
Post-Earnings Close
$29.43
Earnings Reaction
-2.3%
Invesco's second quarter results represent a meaningful inflection point in the firm's multi-year transformation, with record AUM of $2.5 trillion, record net long-term inflows of $45.1 billion, and adjusted diluted EPS of $0.71, nearly double the $0.36 reported in the same quarter a year ago. The 12th consecutive quarter of net inflows, at a 9% annualized organic growth rate, reflects both the breadth of Invesco's global platform and the firm's ability to capture secular demand shifts across ETFs, SMAs, fixed income, and private markets. Operating margin reached 37.5% in the second quarter, up roughly 360 basis points year-over-year, as net revenue grew more than 20% while adjusted operating expenses rose only 9%, a demonstration of the operating leverage embedded in a platform that is increasingly weighted toward scalable, lower-touch product categories.
Report generated on Jul 28, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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