Filing Flows › Invesco (IVZ) › Q1 2026
Invesco (IVZ) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Invesco (IVZ) reported revenue of $1.7B for the first quarter 2026 (Q1 2026), +14% from a year earlier and +3% from the quarter before. Operating margin was 19.1%, net earnings $230M (13.2% of revenue).
Invesco, Q1 2026: revenue $1.7B (+14% year over year), operating margin 19.1%, net earnings $230M, operating cash flow $213M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +3% | +14% |
| Operating profit | $333M | — | +20% |
| Net earnings | $230M | — | +35% |
| Operating cash flow | $213M | -53% | — |
| Free cash flow | $198M | -54% | — |
What changed
Revenue was $1.7B in Q1 2026, up 14% year over year and up 3% from the previous quarter. Investment management fees was the largest line at 79% of revenue. Investment management fees added $0.28B year over year (up 26%), 131% of the total change. Service and distribution fees declined 19%.
Operating profit was $0.33B, a 19.1% margin (up 1.0 points year over year). Of the extra revenue versus Q1 2025, 26% reached operating profit, above the 18% margin then. Total costs grew 13% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $0.23B, up 35% year over year ($0.22B including minority interests, which bore $0.01B of losses). The effective tax rate was 27.0%.
Operating cash flow was $0.21B, 97% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.01B left free cash flow of $0.20B.
Questions
What was Invesco's revenue in the first quarter 2026?
Invesco (IVZ) reported revenue of $1.7B for the first quarter 2026 (Q1 2026), +14% from a year earlier and +3% from the quarter before.
Was Invesco profitable in the first quarter 2026?
Operating profit was $333M (19.1% of revenue) and net earnings $230M.
Source: Invesco 10-Q on SEC EDGAR.