Invesco (IVZ)

Financials · $12.6B market cap · SEC CIK 0000914208

Next reports on Jan 25, 2027, after the close, with analysts expecting $0.78 in earnings per share.

52-week range $21.82 to $33.66. 14% below its 52-week high and 32% above its low.

The case for IVZ

• Pays a 5.8% dividend while you wait.
• Trades at 1.05× book value, close to what the balance sheet says it owns.
• Gross margin of 66% absorbs cost shocks.

The case against

• Losing money over the last year: net margin −1.1%, return on equity −1%.
• Revenue fell 14.5% year over year.
• Pays a dividend while losing money over the last twelve months.
• Swings harder than the market (beta 1.66).
• Value is weak (20/100): no earnings to pay for, 1.8× sales.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• It is losing money, so it has no P/E; that counts against value rather than being skipped.
• Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
• Each factor except momentum is half fixed thresholds, half rank among the 76 Financials companies.

The financials

The financials, five years deep

Pulled from Invesco's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Invesco says it does

Introduction Invesco Ltd. (the Parent), along with its consolidated entities (collectively, Invesco or the company), is an independent investment management firm dedicated to delivering a superior investment experience. Our comprehensive range of active, passive and alternative investment capabilities has been constructed over many years to help clients achieve their investment objectives. We draw on this comprehensive range of capabilities to provide solutions designed to deliver key outcomes aligned to client needs. With approximately 7,500 employees and an on-the-ground presence in more than 20 countries, Invesco is well positioned to meet the needs of investors across the globe. We have specialized investment teams managing investments across a broad range of asset classes, investment styles and geographies. For decades, individuals and institutions have viewed Invesco as a trusted partner for a comprehensive set of investment…

Risk factors IVZ lists in its 10-K

• Declines in the market value of AUM in client portfolios
• Redemptions and other withdrawals from, or shifting among, client portfolios
• Our revenues and net income from money market and other fixed income assets may be harmed by interest rate volatility, prolonged high or low rates, liquidity, and credit volatility
• Our financial condition and liquidity would be adversely affected by losses on our seed capital and co-investments
• As many of our subsidiary operations are located outside of the U.S. and have functional currencies other than the U.S. Dollar, changes in the exchange rates to the U.S. Dollar impact our reported financial results
• Poor investment performance of our products could reduce the level of our AUM or affect our sales, and negatively impact our revenues and net income
• Failure to properly address the increased transformative pressures affecting the asset management industry could negatively impact our business
• Competitive pressures may force us to reduce the fees we charge to clients, which could reduce our profitability
• We may be unable to develop new products and services, and the development of new products and services may expose us to additional costs or operational risk
• The failure or negative performance of products offered by competitors may have a negative impact on similar Invesco products irrespective of our performance
• Changes in the distribution channels on which we depend could reduce our net income and
• Our investment advisory agreements are subject to termination or non-renewal, and our fund and other investors may withdraw their assets at any time
• The quantitative models we use and our index tracking investment solutions may contain errors, which could result in financial losses or adversely impact product performance and client relationships
• If our reputation is harmed, we could suffer losses in our AUM, revenues and net income
• The lack of soundness of other financial institutions could adversely affect us or the client portfolios we manage
• Our ability to manage and grow our business successfully can be impeded by systems and other technological limitations
• The recent advancements in and increased use of AI present risks and challenges that may adversely impact our business
• The carrying value of goodwill and other intangible assets on our balance sheet has become impaired in the past and could become impaired in the future, which would adversely affect our results of operations
• Our Credit Agreements impose operating covenants that impact our ability to conduct certain activities and, if
• amounts borrowed under our Credit Agreements were subject to accelerated repayment, we might not have sufficient assets or liquidity to repay such amounts in full
• Failure to maintain adequate corporate and contingent liquidity may cause our AUM, revenues and net income to decline, as well as harm our prospects for growth
• Distribution of earnings of our subsidiaries may be subject to limitations, including regulatory net capital requirements
• We may engage in strategic transactions that could create risks
• Future sales of shares of our common stock could adversely impact the trading price of our common stock
• MassMutual has the ability to significantly influence our business, and MassMutual’s interest in our business may be different from that of other shareholders
• Civil litigation and governmental investigations and enforcement actions or proceedings against us could adversely affect our AUM and future net income and increase our costs of doing business
• Legislative and other measures that may be taken by governmental authorities could materially increase our tax burden or otherwise adversely affect our net income or liquidity
• Examinations and audits by tax authorities could result in additional tax payments for prior periods
• Bermuda law differs from the laws in effect in the U.S. and may afford less protection to shareholders
• We have anti-takeover provisions in our Bye-Laws that may discourage a change of control
• Our ability to maintain our credit ratings and to access the capital markets in a timely manner should we seek to do so depends on a number of factors
• Insurance may not be available at a reasonable cost to protect us from loss or liability

Filings

Other Financials companies