Invesco Q4 Earnings Beat Estimates on Y/Y Revenue Increase, Stock Up

Financial Performance - Invesco's fourth-quarter 2024 adjusted earnings were 52 cents per share, exceeding the Zacks Consensus Estimate of 49 cents, and reflecting a 10.6% increase from the prior-year quarter [1] - Adjusted net revenues for the quarter were $1.16 billion, up 10.6% year over year, meeting the Zacks Consensus Estimate [5] - For the full year 2024, adjusted earnings per share were $1.71, surpassing the consensus estimate of $1.68 and rising 13.2% year over year [4] Income and Expenses - Net income attributable to common shareholders for the fourth quarter was $209.3 million or 46 cents per share, compared to a loss of $742.3 million or $1.64 per share in the year-ago quarter [3] - Adjusted operating expenses were $767.1 million, showing a slight decrease year over year, while the adjusted operating margin improved to 33.7% from 26.3% a year ago [5] Assets Under Management (AUM) - As of December 31, 2024, AUM was $1.85 trillion, representing a 16.4% increase year over year, with long-term net inflows of $25.6 billion in the reported quarter [6] - The average AUM at the end of the fourth quarter totaled $1.82 trillion, up 20.4% [6] Balance Sheet Strength - As of December 31, 2024, cash and cash equivalents were $986.5 million, down from $1.47 billion a year earlier, while long-term debt stood at $890.6 million [7] Market Reaction - Following the positive financial results, shares of Invesco increased by 1.4% in pre-market trading [2]