Invesco Ltd. (NYSE:IVZ) released its third-quarter 2026 earnings on October 27, 2026, reporting diluted EPS of $0.65 and ending assets under management of $2,537.8 billion, alongside the repurchase of $1.5 billion in preferred stock held by MassMutual.

Key Highlights

  • Diluted EPS of $0.65 for Q3 2026, with adjusted diluted EPS of $0.72, according to the filing.
  • Net long-term inflows of $35.1 billion in Q3 2026, marking the company's 13th consecutive quarter of net long-term inflows, as the filing states.
  • Ending AUM of $2,537.8 billion, a 2.7% increase from Q2 2026's $2,470.3 billion, per the filing.
  • Adjusted operating margin of 40.7%, an increase of 320 basis points from the prior quarter, the filing disclosed.
  • $1.5 billion preferred stock repurchase of Series A Preferred Stock held by MassMutual on October 26, 2026, funded by a $1.5 billion five-year floating-rate bank term loan.
  • Net debt reduced by $393 million during the quarter, with common share buybacks of $65 million or 2.1 million shares, according to the filing.

Invesco's Q3 2026 Financial Results: Flows, Margins, and Balance Sheet Activity

According to the filing, Invesco reported operating revenues of $1,873.2 million for Q3 2026, up 2.6% from $1,825.6 million in Q2 2026 and up 14.2% from $1,640.4 million in Q3 2025. GAAP operating income was $436.5 million, reflecting a GAAP operating margin of 23.3%. On an adjusted basis, net revenues were $1,381.7 million and adjusted operating income was $562.3 million, yielding the 40.7% adjusted operating margin. Net income attributable to Invesco Ltd. was $294.5 million, compared with $345.3 million in Q2 2026 and $301.3 million in Q3 2025.

The filing reports that net long-term inflows of $35.1 billion were driven by ETFs and Index ($28.5 billion), QQQ ($6.7 billion), Multi-Asset/Other ($3.3 billion), and China JV ($1.5 billion). These were partially offset by net long-term outflows from Fundamental Fixed Income ($2.6 billion), Fundamental Equities ($1.9 billion), and Private Markets ($0.4 billion). On a geographic basis, the EMEA, Americas, and Asia Pacific regions recorded net long-term inflows of $15.9 billion, $10.3 billion, and $8.9 billion, respectively. The filing also noted money market fund inflows of $52.9 billion and total net flows of $88.5 billion for the quarter.

The filing disclosed that net market losses decreased AUM by $26.4 billion during the quarter, while foreign exchange rate movements increased AUM by $4.5 billion. Average AUM for Q3 2026 was $2,510.2 billion, up 6.0% from Q2 2026. Regarding the preferred stock, the filing states that total repurchases now amount to $3 billion over the past 18 months, leaving $1 billion outstanding. The company's headcount stood at 7,416 as of Q3 2026, compared with 8,368 in Q3 2025. The filing notes that adjusted financial measures are non-GAAP and includes reconciliations to U.S. GAAP measures on pages 8 through 11 of the release.

What Was Disclosed

Invesco filed its Q3 2026 earnings release on October 27, 2026, disclosing GAAP and adjusted income statement results, AUM and net flow data by channel and capability, balance sheet activity including preferred stock repurchases, and updated headcount figures for the quarter ended September 30, 2026.