The adjusted EPS miss vs consensus, combined with a sequential decline in adjusted operating margin (36.4% to 34.5%) and adjusted operating income (-4.8%), may weigh on the stock near-term despite strong YoY growth and inflows. Watch the earnings call for commentary on expense trajectory and QQQ revenue sustainability.
Price Chart
Executive Summary
Invesco reported Q1 2026 GAAP diluted EPS of $0.51 and adjusted diluted EPS of $0.57, compared to the Street consensus of $0.58. Net revenues of $1,264.3M were slightly below the $1.27B consensus. While the company delivered its 11th consecutive quarter of positive organic growth with $21.8B in net long-term inflows, adjusted operating income declined 4.8% sequentially and adjusted EPS missed consensus by ~1.7%, making the headline result a narrow miss on the Street's preferred metric.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP diluted EPS of $0.51 vs $0.38 YoY (+34.2%)
- Adjusted diluted EPS of $0.57 vs consensus $0.58 (miss by ~1.7%)
- Net revenues of $1,264.3M, up 14.0% YoY but slightly below $1.27B consensus
- Net long-term inflows of $21.8B, the 11th consecutive quarter of positive organic growth
- Ending AUM of $2.16T, down 0.5% QoQ due to market losses of $42.5B
- Adjusted operating margin of 34.5%, up from 31.5% YoY but down from 36.4% QoQ
- Board authorized a new $1.0B common share repurchase plan on Feb 18, 2026
- Quarterly common dividend increased to $0.215 per share from $0.21
- Repurchased 1.6M common shares for $40M in Q1 2026
- Redeemed $500M of senior notes maturing Jan 15, 2026
Financial Impact
Adjusted EPS of $0.57 missed consensus of $0.58 by ~$0.01; net revenue of $1,264.3M slightly below $1.27B consensus
Risk Factors
- Market losses of $42.5B reduced ending AUM, pressuring future fee revenue
- QQQ net outflows of $10.8B in the quarter, partially offsetting strong ETF/Index inflows
- Credit facility balance increased to $1.1B from $437.7M, raising leverage concerns
- Adjusted operating margin declined sequentially from 36.4% to 34.5%
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000914208-26-000102 |
| Document: ivz-20260428.htm | 0000914208-26-000102 |
| Document: 0000914208-26-000102-index-headers.html | 0000914208-26-000102 |
| Document: 0000914208-26-000102-index.html | 0000914208-26-000102 |
| Document: 0000914208-26-000102.txt | 0000914208-26-000102 |
| 8-K Data (Synthetic) | 0000914208-26-000102 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Insider Cluster | $31.51 $31.38 | ▼ −0.41% | ▼ −0.52% | $30.66 (−2.70%) |
Sep 10, 2026 22d ago | Insider Cluster | $31.93 $30.22 | ▼ −5.36% | ▼ −4.86% | $30.66 (−3.98%) |
Aug 31, 2026 4w ago | 8-K | $31.99 $32.09 | ▲ +0.31% | ▲ +0.23% | $30.66 (−4.16%) |
Aug 11, 2026 7w ago | 8-K | $31.36 $32.37 | ▲ +3.22% | ▲ +3.62% | $30.66 (−2.23%) |
Jul 28, 2026 9w ago | 8-K | $29.43 $30.91 | ▲ +5.03% | ▲ +2.76% | $30.66 (+4.18%) |
Jul 10, 2026 12w ago | 8-K | $28.98 $30.30 | ▲ +4.55% | ▲ +5.12% | $30.66 (+5.80%) |
Jun 9, 2026 16w ago | 8-K | $27.46 $29.20 | ▲ +6.34% | ▲ +2.90% | $30.66 (+11.65%) |
May 11, 2026 20w ago | 8-K | $28.38 $27.39 | ▼ −3.48% | ▼ −3.56% | $30.66 (+8.04%) |
Apr 28, 2026 22w ago | 8-K | $25.88 $26.80 | ▲ +3.56% | ▲ +1.86% | $30.66 (+18.48%) |
Apr 10, 2026 25w ago | 8-K | $23.57 $24.81 | ▼ −5.27% | ▼ −0.77% | $30.66 (−30.09%) |
US Market Status
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