Filing Flows › Invesco (IVZ) › Q2 2026 › vs Q1 2026
Invesco (IVZ) Q2 2026 vs Q1 2026 (quarter over quarter)
Invesco's revenue rose $81.1M (+5%) from $1.7B in Q1 2026 to $1.8B in Q2 2026. The biggest changes: Investment management fees +$79.6M (+6%); Service and distribution fees +$8.1M (+3%); Investment Performance −$7.6M (-67%). Operating margin 19.9% against 19.1% (+0.8 pts).
Invesco, Q2 2026: revenue $1.8B (+20% year over year), operating margin 19.9%, net earnings $345M, operating cash flow $734M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.9% | 19.1% | +0.8 pts |
| Net margin | 18.9% | 13.2% | +5.7 pts |
| Free cash flow margin | 38.5% | 11.4% | +27.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Investment management fees | $1.5B | $1.4B | $79.6M | +6% |
| Service and distribution fees | $310M | $302M | $8.1M | +3% |
| Other | $50.2M | $49.2M | $1.0M | +2% |
| Investment Performance | $3.7M | $11.3M | −$7.6M | -67% |
| Revenue | $1.8B | $1.7B | $81.1M | +5% |
| Other income, net | $91.2M | −$33.0M | $124M | — |
| Operating profit | $364M | $333M | $31.0M | +9% |
| Costs & expenses | $1.5B | $1.4B | $50.1M | +4% |
| Pre-tax earnings | $455M | $300M | $155M | +52% |
| General & admin | $134M | $147M | −$13.6M | -9% |
| Other operating costs | $1.3B | $1.3B | $63.7M | +5% |
| Loss borne by minority interests | $6.4M | $11.3M | −$4.9M | -43% |
| Net earnings | $345M | $230M | $115M | +50% |
| Income tax | $116M | $81.1M | $35.4M | +44% |
| Depreciation & amortization | $32.2M | $33.2M | −$1.0M | -3% |
| Share-based compensation | $31.3M | $34.0M | −$2.7M | -8% |
| Working capital & other | $325M | −$85.0M | $410M | — |
| Operating cash flow | $734M | $213M | $522M | +245% |
| Free cash flow (OCF − capex) | $704M | $198M | $505M | +255% |
| Capital expenditures | $30.5M | $14.2M | $16.3M | +115% |
Questions
How much did Invesco's revenue grow quarter over quarter in Q2 2026?
Invesco's revenue rose $81.1M (+5%) from $1.7B in Q1 2026 to $1.8B in Q2 2026.
What drove Invesco's revenue change in Q2 2026?
Investment management fees +$79.6M (+6%); Service and distribution fees +$8.1M (+3%); Investment Performance −$7.6M (-67%).