Filing Flows › Invesco (IVZ) › Q2 2025
Invesco (IVZ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Invesco (IVZ) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +2% from a year earlier and -0.9% from the quarter before. Operating margin was 14.1%, net earnings $197M (13.0% of revenue).
Invesco, Q2 2025: revenue $1.5B (+2% year over year), operating margin 14.1%, net earnings $197M, operating cash flow $548M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -0.9% | +2% |
| Operating profit | $214M | -23% | +4% |
| Net earnings | $197M | -26% | +0.8% |
| Operating cash flow | $548M | — | +12% |
| Free cash flow | $530M | — | +15% |
What changed
Revenue was $1.5B in Q2 2025, up 2% year over year and down 1% from the previous quarter. Investment management fees was the largest line at 73% of revenue. Investment management fees added $0.04B year over year (up 3%), 109% of the total change. Investment Performance declined 70%.
Operating profit was $0.21B, a 14.1% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 14% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were −$0.01B. The effective tax rate was 28.1%. Non-operating items added $0.06B, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.55B (up 12% year over year), 278% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.29B. Capital expenditures of $0.02B left free cash flow of $0.53B.
Questions
What was Invesco's revenue in the second quarter 2025?
Invesco (IVZ) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +2% from a year earlier and -0.9% from the quarter before.
Was Invesco profitable in the second quarter 2025?
Operating profit was $214M (14.1% of revenue) and net earnings $197M.
Source: Invesco 10-Q on SEC EDGAR.