Yahoo Finance

• Long-term Net Asset Inflows: $17.6 billion, representing a 5.3% annualized growth rate.

• Adjusted Operating Income: Increased by 18% year-over-year.

• Operating Margins: Expanded by over 330 basis points compared to the same quarter last year.

• Assets Under Management (AUM): Total AUM at the end of the quarter was $1.84 trillion.

• Net Long-term Inflows: $18 billion increase in AUM during the quarter.

• Adjusted Diluted Earnings Per Share (EPS): Increased by 33% to $0.44 from $0.33 in the prior year.

• Net Debt Position: Improved to $143 million from $362 million in the first quarter of 2024.

• Share Repurchases: $25 million in share buybacks during the quarter.

• Quarterly Common Stock Dividend: Increased from $0.205 to $0.21 per share.

• Net Revenue: $1.1 billion, a 5% increase from the first quarter of last year.

• Investment Management Fees: Increased by $59 million year-over-year.

• Effective Tax Rate: 24.4% for the first quarter.

• Warning! GuruFocus has detected 4 Warning Signs with IVZ.

Release Date: April 22, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Invesco Ltd (NYSE:IVZ) reported $17.6 billion in long-term net asset inflows, representing a 5.3% annualized growth rate.

• The company achieved an 18% increase in adjusted operating income and expanded operating margins by over 330 basis points compared to the same quarter last year.

• Invesco Ltd (NYSE:IVZ) announced a strategic partnership with MassMutual and Barings, focusing on private market product development and distribution in the US wealth management market.

• The company successfully repurchased $1 billion of preferred stock from MassMutual, which is expected to be earnings accretive in the second half of the year.

• Invesco Ltd (NYSE:IVZ) saw strong growth in its Global ETF and Index platform, with a 13% annualized organic growth rate in the first quarter.

Negative Points

• The company experienced net long-term outflows of $1.1 billion in its multi-asset related capabilities, driven by global risk parity strategies.

• Invesco Ltd (NYSE:IVZ) faced continued outflows in its Fundamental Equities, particularly in global equities and developing market funds in the US region.

• The partnership with Barings and MassMutual is expected to take time to scale, with initial phases focusing on private credit opportunities.

• The company reported a decline in net revenue yield, which decreased to 23.5 basis points in the first quarter.

• Invesco Ltd (NYSE:IVZ) noted that market volatility has made it challenging to provide specific guidance on operating expenses, indicating potential uncertainty in cost management.