Core Insights - Invesco Ltd. is a significant player in the investment management industry, competing with firms like BlackRock and Vanguard [1] Financial Performance - Invesco reported earnings per share (EPS) of $0.62 for Q4 2025, exceeding the estimated $0.57, representing an 8.03% positive surprise and an increase from $0.52 in the previous year [2][6] - The company's revenue for the quarter was approximately $1.26 billion, slightly below the estimated $1.31 billion, but still an 8.8% increase year-over-year, and it exceeded the Zacks Consensus Estimate of $1.24 billion by 1.39% [3][6] Assets and Growth - Invesco achieved record assets under management of $2.2 trillion, with net long-term inflows exceeding $19 billion, reflecting a 5% annualized organic growth [4][6] Financial Metrics - The company has a price-to-earnings (P/E) ratio of approximately 11.63 and a price-to-sales ratio of about 1.91, with a low debt-to-equity ratio of 0.12, indicating conservative debt usage [5] - A current ratio of 1.79 suggests a strong ability to cover short-term liabilities [5]

Key Takeaways IVZ posted Q4 adjusted EPS of 62 cents, topping estimates, as shares gained 4% in the pre-market trading.Invesco's adjusted revenues rose 8.8% y/y to $1.26B, aided by higher average AUM and QQQ Trust conversion.IVZ ended Q4 with record AUM of $2.17T, up 17.5% y/y, supported by $19.1B in long-term inflows.Invesco’s (IVZ)  fourth-quarter 2025 adjusted earnings of 62 cents per share surpassed the Zacks Consensus Estimate of 57 cents. The bottom line increased 19.2% from the prior-year quarter.Sha ...

Canada strategic partnership: Invesco announced a deal with CI Global Asset Management under which CI GAM will acquire Invesco’s Canadian mutual fund and ETF complex (100 funds, about $19 billion in AUM). Invesco will remain sub-advisor on 63 funds totaling about $10 billion in AUM. Dukes said the transaction is expected to close toward the end of the second quarter, with an operating income headwind beginning in the third quarter.Asset sales and joint ventures: Invesco completed the sale of Intelliflo to C ...

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Core Insights - The Invesco RAFI Developed Markets ex-U.S. ETF (PXF) has achieved a 22.4% return over the past year, with a maximum drawdown of only 8.3%, indicating strong demand for international value exposure as investors shift away from U.S. growth stocks [1][2] Performance Comparison - PXF outperformed the iShares MSCI EAFE ETF (EFA) which returned 18.7% and the SPDR S&P 500 ETF Trust (SPY) which returned 19.2% during the same period, highlighting a significant shift in market leadership away from U.S. mega-cap technology [2] Dollar Dynamics - A key factor in the strong performance of international equities is the weakness of the U.S. dollar, which enhances the value of foreign earnings when converted back to dollars for U.S. investors [3] - The dollar's decline is influenced by expectations of Federal Reserve rate cuts and a narrowing interest rate differential with other developed economies [3][4] Methodology and Value Rotation - PXF employs a fundamental weighting methodology that favors companies based on their business strength rather than market capitalization, effectively capturing the value rotation towards sectors like financials and energy [6][7] - The fund's top holdings consist of cash-generative businesses that align with the RAFI metrics of sales, cash flow, and dividends, positioning it well for the current market trend [7] Future Outlook - The combination of dollar weakness and value outperformance is expected to create a favorable environment for fundamentally-weighted international exposure, making it a critical dynamic to monitor in the coming year [8]

Invesco (NYSE:IVZ) Q4 2025 Earnings call January 27, 2026 09:00 AM ET Company ParticipantsAllison Dukes - CFOAndrew Schlossberg - CEOGreg Ketron - Head of Investor RelationsConference Call ParticipantsAlexander Blostein - AnalystBenjamin Budish - AnalystBrendan Hawkins - AnalystBrian Bedell - AnalystDaniel Fannon - AnalystGlenn Schorr - AnalystWilliam Katz - AnalystOperatorWelcome to Invesco's fourth quarter earnings conference call. All participants will be in listen-only mode until the question and answer ...

Invesco (NYSE:IVZ) Q4 2025 Earnings call January 27, 2026 09:00 AM ET Company ParticipantsAllison Dukes - CFOAndrew Schlossberg - CEOGreg Ketron - Head of Investor RelationsConference Call ParticipantsAlexander Blostein - AnalystBenjamin Budish - AnalystBrendan Hawkins - AnalystBrian Bedell - AnalystDaniel Fannon - AnalystGlenn Schorr - AnalystWilliam Katz - AnalystOperatorWelcome to Invesco's fourth quarter earnings conference call. All participants will be in listen-only mode until the question and answer ...

Financial Data and Key Metrics Changes - Invesco's net revenue grew by 6% in 2025, with record revenues from ETF and index investment capabilities increasing by 22% [10][11] - Operating margin improved by 230 basis points, with a 14% growth in operating income and a 19% increase in earnings per share compared to the previous year [11][12] - Total assets under management (AUM) reached $2.2 trillion, an increase of $45 billion or 2% from the previous quarter and $324 billion or 18% year-over-year [25][26] Business Line Data and Key Metrics Changes - ETF and index capabilities generated $630 billion in AUM, with net inflows of nearly $12 billion during the fourth quarter, reflecting an 8% annualized organic growth [14][15] - Fundamental equity revenue was flat compared to the prior year but increased by 4% from 2023, with $5.5 billion in net outflows overall in this segment [10][22] - Private markets platform saw $300 million in net inflows, driven by direct real estate strategies, with INCREF now totaling $4.7 billion in assets [19][21] Market Data and Key Metrics Changes - Revenue from Asian and EMEA regions combined increased by 13% for the year, contributing to overall growth [10] - The China joint venture reached a record-high AUM of $132 billion, with net long-term inflows of $8.9 billion, marking a 36% annualized organic growth rate [17][18] - The Canadian market is becoming increasingly concentrated, prompting a strategic partnership with CI Global Asset Management [5][6] Company Strategy and Development Direction - Invesco is focusing on a hybrid alpha investment platform to streamline operations and improve profitability, with completion expected by the end of 2026 [4][33] - The company aims to accelerate growth in its $130 billion private markets platform through strategic partnerships and innovative product offerings [6][9] - Invesco's strategy includes a commitment to enhancing shareholder returns, with a target payout ratio of around 60% for 2026 [40][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong net inflows and a diversified product offering as key strengths [12][42] - The company is focused on maintaining a disciplined expense management approach while investing in growth opportunities [11][30] - Management highlighted the importance of achieving first quartile investment performance as a priority for maintaining market share [24] Other Important Information - Invesco repurchased $1.5 billion in preferred stock in 2025, reducing outstanding preferred stock from $4 billion to $2.5 billion [27][40] - The company expects to see a $0.20 EPS benefit from the preferred stock repurchase once associated debt is repaid [27][39] - The effective tax rate for the quarter was 21%, with expectations to return to the 25%-26% range in the first quarter of 2026 [39] Q&A Session Summary Question: Capital return priorities and potential M&A considerations - Management discussed the focus on increasing share buybacks to $40 million and the potential for further preferred stock repurchases while prioritizing debt repayment [45][46] - M&A opportunities will be considered if they align with the company's growth strategy, but the focus remains on organic growth [48][49] Question: Implementation costs and future expense outlook - Management confirmed that implementation costs for the hybrid platform are expected to decrease over time, with further guidance to be provided as 2026 progresses [51][52] Question: Net revenue yield and its future impact - Management indicated that the addition of the QQQ ETF is expected to stabilize net revenue yield, with ongoing dynamics influencing future projections [55][56] Question: Private market strategy and branding considerations - The company aims to build a comprehensive product offering through partnerships while maintaining clear branding to avoid channel conflicts [66][68]

分组1 - Invesco reported quarterly earnings of $0.62 per share, exceeding the Zacks Consensus Estimate of $0.57 per share, and up from $0.52 per share a year ago, representing an earnings surprise of +8.03% [1] - The company posted revenues of $1.26 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.39%, compared to year-ago revenues of $1.16 billion [2] - Invesco shares have increased approximately 9% since the beginning of the year, outperforming the S&P 500's gain of 1.5% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $1.27 billion, and for the current fiscal year, it is $2.62 on revenues of $5.24 billion [7] - The Zacks Industry Rank for Financial - Investment Management is currently in the bottom 32% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Fourth Quarter 2025 Results Andrew Schlossberg President and Chief Executive Officer Allison Dukes Chief Financial Officer January 27, 2026 Forward-Looking Statements and Important Information This presentation and comments made in the associated conference call today may include "forward-looking statements." Forward-looking statements include information concerning future results of our operations, expenses, earnings, liquidity, cash flow, capital expenditures and AUM and could differ materially from event ...