Filing Flows › Invesco (IVZ) › Q3 2025
Invesco (IVZ) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Invesco (IVZ) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), +8% from a year earlier and +8% from the quarter before. Operating margin was 16.5%, net earnings $301M (18.4% of revenue).
Invesco, Q3 2025: revenue $1.6B (+8% year over year), operating margin 16.5%, net earnings $301M, operating cash flow $606M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +8% | +8% |
| Operating profit | $271M | +26% | +170% |
| Net earnings | $301M | — | +448% |
| Operating cash flow | $606M | +11% | +38% |
| Free cash flow | $586M | +11% | +43% |
What changed
Revenue was $1.6B in Q3 2025, up 8% year over year and up 8% from the previous quarter. Investment management fees was the largest line at 72% of revenue. Investment management fees added $0.08B year over year (up 8%), 67% of the total change. Other declined 6%.
Operating profit was $0.27B, a 16.5% margin (up 9.9 points year over year). Of the extra revenue versus a year earlier, 136% reached operating profit, above the 7% margin then. Total costs fell 3% while revenue rose 8%. Net earnings were $0.30B, up 448% year over year. The effective tax rate was -2.8%. Non-operating items added $0.08B, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.61B (up 38% year over year), 170% 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 $0.19B. Capital expenditures of $0.02B left free cash flow of $0.59B.
Questions
What was Invesco's revenue in the third quarter 2025?
Invesco (IVZ) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), +8% from a year earlier and +8% from the quarter before.
Was Invesco profitable in the third quarter 2025?
Operating profit was $271M (16.5% of revenue) and net earnings $301M.
Source: Invesco 10-Q on SEC EDGAR.