Filing Flows › Invesco (IVZ) › Q1 2025
Invesco (IVZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 28, 2025
Invesco (IVZ) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -4% from the quarter before. Operating margin was 18.1%, net earnings $171M (11.2% of revenue).
Invesco, Q1 2025: revenue $1.5B (+4% year over year), operating margin 18.1%, net earnings $171M, operating cash flow −$84.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -4% | +4% |
| Operating profit | $277M | -11% | +30% |
| Net earnings | $171M | -18% | +21% |
| Operating cash flow | −$84.6M | — | — |
What changed
Revenue was $1.5B in Q1 2025, up 4% year over year and down 4% from the previous quarter. Investment management fees was the largest line at 72% of revenue. Investment management fees added $0.05B year over year (up 5%), 96% of the total change. Service and distribution fees declined 2%.
Operating profit was $0.28B, a 18.1% margin (up 3.7 points year over year). Of the extra revenue versus a year earlier, 119% reached operating profit, above the 14% margin then. Total costs fell 1% while revenue rose 4%. Net earnings were $0.17B, up 21% year over year. The effective tax rate was 22.5%.
Operating cash flow was −$0.08B. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.41B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.11B.
Questions
What was Invesco's revenue in the first quarter 2025?
Invesco (IVZ) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -4% from the quarter before.
Was Invesco profitable in the first quarter 2025?
Operating profit was $277M (18.1% of revenue) and net earnings $171M.
Source: Invesco 10-Q on SEC EDGAR.