Filing Flows › Invesco (IVZ) › Q2 2026 › vs Q2 2025
Invesco (IVZ) Q2 2026 vs Q2 2025 (year over year)
Invesco's revenue rose $310M (+20%) from $1.5B in Q2 2025 to $1.8B in Q2 2026. The biggest changes: Investment management fees +$361M (+33%); Service and distribution fees −$53.9M (-15%); Other +$2.0M (+4%). Operating margin 19.9% against 14.1% (+5.8 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.9% | 14.1% | +5.8 pts |
| Net margin | 18.9% | -0.8% | +19.7 pts |
| Free cash flow margin | 38.5% | 35.0% | +3.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Investment management fees | $1.5B | $1.1B | $361M | +33% |
| Service and distribution fees | $310M | $364M | −$53.9M | -15% |
| Other | $50.2M | $48.2M | $2.0M | +4% |
| Investment Performance | $3.7M | $2.6M | $1.1M | +42% |
| Revenue | $1.8B | $1.5B | $310M | +20% |
| Other income, net | $91.2M | $60.2M | $31.0M | +51% |
| Operating profit | $364M | $214M | $150M | +70% |
| Costs & expenses | $1.5B | $1.3B | $160M | +12% |
| Pre-tax earnings | $455M | $274M | $181M | +66% |
| General & admin | $134M | $139M | −$5.7M | -4% |
| Other operating costs | $1.3B | $1.2B | $166M | +14% |
| Loss borne by minority interests | $6.4M | −$210M | $216M | — |
| Net earnings | $345M | −$12.5M | $358M | — |
| Income tax | $116M | $77.0M | $39.5M | +51% |
| Depreciation & amortization | $32.2M | $40.1M | −$7.9M | -20% |
| Share-based compensation | $31.3M | $23.7M | $7.6M | +32% |
| Working capital & other | $325M | $497M | −$171M | -34% |
| Operating cash flow | $734M | $548M | $186M | +34% |
| Free cash flow (OCF − capex) | $704M | $530M | $173M | +33% |
| Capital expenditures | $30.5M | $17.5M | $13.0M | +74% |
Questions
How much did Invesco's revenue grow year over year in Q2 2026?
Invesco's revenue rose $310M (+20%) from $1.5B in Q2 2025 to $1.8B in Q2 2026.
What drove Invesco's revenue change in Q2 2026?
Investment management fees +$361M (+33%); Service and distribution fees −$53.9M (-15%); Other +$2.0M (+4%).