IVZNYSEInvestment AdviceFiscal year ends December 31
Invesco Ltd.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$28.29+0.09 (+0.32%)
Close on Oct 19, 2026
- Market cap
- $12.85B
- P/E (TTM)
- –
- Dividend yield
- 2.95%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
-10.9%−25.9 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.1% | +1.8% | +0.7% | +2.2% | |
| Free cash flow | +28.6% | +41.3% | +5.3% | +3.7% | |
| Dividend per share | +2.5% | +4.6% | +1.4% | -2.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.1% | 3.7% | – | |
| Return on assets | 3.4% | 1.4% | – | |
| Interest coverage | 12.3× | 7.1× | -8.4× | |
| Capex to revenue | 3.1% | 1.9% | 1.3% | |
| Diluted shares | 415M | 463M | 455M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Invesco generated $5.80B from operations and spent $3.06B on capital expenditure, dividends and share buybacks. 20% of that went back into the business.
Generated
$5.80B
Used
$3.06B
Capital expenditure$619.40M20%Dividends$1.75B57%Share buybacks$696.00M23%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.9%
×Asset turnover0.22×
×Equity multiplier1.92×
=Return on equity, FY20243.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 8.9% | 0.22× | 1.92× | 3.7% |
| FY2023 | -5.8% | 0.19× | 1.97× | -2.2% |
| FY2022 | 11.3% | 0.19× | 2.03× | 4.5% |
| FY2021 | 20.2% | 0.20× | 2.32× | 9.3% |
| FY2020 | 8.5% | 0.16× | 2.69× | 3.7% |
| FY2019 | 9.2% | 0.17× | 3.14× | 5.0% |
| FY2018 | 16.6% | 0.17× | 3.63× | 10.2% |
| FY2017 | 21.8% | 0.18× | 3.54× | 13.9% |
| FY2016 | 18.0% | 0.19× | 3.30× | 11.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 3 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$1.53B
- Return on assets improvedROA up on the prior year1.9% → –
- Earnings backed by cashOperating cash flow above net income$1.53B vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise458M → 455M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.21 → 0.24