Invesco Q2 2026: revenue up 20.5%, GAAP EPS $0.76
Invesco's second quarter was strong on almost every operating line: revenue rose 20.5% year over year to $1.83 billion, adjusted operating margin expanded to 37.5% from 31.2%, and the firm pulled in a record $45.1 billion of net long-term inflows. The catch is that GAAP EPS of $0.76 leans on $105.8 million of one-off investment gains, so the cleaner $0.71 adjusted figure is the better guide. View: Bullish.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $0.76 came in above the $0.6677 consensus and against a $0.03 loss a year ago. Adjusted diluted EPS was $0.71, up 97.2% from $0.36. The gap matters: GAAP net income of $345.3 million included a $105.8 million net gain, mostly market value changes in deferred compensation and other investments, which the adjusted number strips out.
Operating revenue of $1.83 billion rose 20.5% from $1.52 billion a year earlier and 4.6% from the first quarter. The driver is scale and mix: ending AUM reached $2,470.3 billion, up 14.4% in one quarter, and investment management fees climbed $79.6 million sequentially. Service and distribution fees, which are largely pass-through, fell 14.8% year over year after QQQ's conversion to an open-end fund ETF.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.