Core Insights - Invesco's second-quarter 2025 adjusted earnings were 36 cents per share, missing the Zacks Consensus Estimate of 40 cents and reflecting a 16.3% decline from the prior-year quarter due to higher adjusted operating expenses, although adjusted net revenues increased [1][8] - The net loss attributable to common shareholders was $12.5 million or 3 cents per share, compared to a net income of $132.2 million or 29 cents per share in the same quarter last year [2] Adjusted Revenues & Expenses - Adjusted net revenues for the quarter were $1.10 billion, up 1.7% year over year, but missed the Zacks Consensus Estimate of $1.11 billion [3][8] - Adjusted operating expenses rose to $760.2 million, an increase of 1.3%, while the adjusted operating margin improved to 31.2% from 30.9% a year ago [3][8] Assets Under Management (AUM) - As of June 30, 2025, AUM reached $2 trillion, marking a 16.6% increase year over year, with average AUM at $1.9 trillion, up 13.7% [4][8] - The company experienced long-term net inflows of $15.6 billion during the quarter, primarily driven by ETFs, China joint ventures, India, and fixed income [4] Balance Sheet - As of June 30, 2025, cash and cash equivalents stood at $922.7 million, up from $878.5 million a year earlier, while long-term debt was $1.88 billion [5] Share Repurchases - In the reported quarter, Invesco repurchased 1.7 million shares for a total of $25 million [6] Market Outlook - The macroeconomic environment is expected to keep Invesco's net flows volatile, but strategic initiatives and partnerships are anticipated to support financial performance [7]
IVZ's Q2 Earnings Lag as Expenses Rise, Higher AUM Boosts Revenues