Filing Flows › Invesco (IVZ) › Q3 2026 › vs Q3 2025
Invesco (IVZ) Q3 2026 vs Q3 2025 (year over year)
Invesco's revenue rose $233M (+14%) from $1.6B in Q3 2025 to $1.9B in Q3 2026. The biggest changes: Investment management fees +$328M (+28%); Service and distribution fees −$87.5M (-22%); Other −$2.7M (-6%). Operating margin 23.3% against 16.5% (+6.8 pts).
Invesco, Q3 2026: revenue $1.9B (+14% year over year), operating margin 23.3%, net earnings $294M, operating cash flow $475M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 23.3% | 16.5% | +6.8 pts |
| Net margin | 15.7% | 18.4% | -2.6 pts |
| Free cash flow margin | 23.6% | 35.7% | -12.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Investment management fees | $1.5B | $1.2B | $328M | +28% |
| Service and distribution fees | $313M | $401M | −$87.5M | -22% |
| Other | $45.8M | $48.5M | −$2.7M | -6% |
| Revenue | $1.9B | $1.6B | $233M | +14% |
| Other income, net | $27.4M | $75.8M | −$48.4M | -64% |
| Operating profit | $436M | $271M | $166M | +61% |
| Costs & expenses | $1.4B | $1.4B | $67.2M | +5% |
| Pre-tax earnings | $464M | $347M | $117M | +34% |
| General & admin | $149M | $151M | −$1.9M | -1% |
| Other operating costs | $1.3B | $1.2B | $69.1M | +6% |
| Net earnings | $294M | $301M | −$6.8M | -2% |
| Minority interests | $61.1M | $55.1M | $6.0M | +11% |
| Income tax | $108M | −$9.7M | $118M | — |
| Depreciation & amortization | $31.6M | $38.3M | −$6.7M | -17% |
| Share-based compensation | $26.6M | $20.9M | $5.7M | +27% |
| Working capital & other | $122M | $246M | −$123M | -50% |
| Operating cash flow | $475M | $606M | −$131M | -22% |
| Free cash flow (OCF − capex) | $443M | $586M | −$144M | -24% |
| Capital expenditures | $32.2M | $19.8M | $12.4M | +63% |
Questions
How much did Invesco's revenue grow year over year in Q3 2026?
Invesco's revenue rose $233M (+14%) from $1.6B in Q3 2025 to $1.9B in Q3 2026.
What drove Invesco's revenue change in Q3 2026?
Investment management fees +$328M (+28%); Service and distribution fees −$87.5M (-22%); Other −$2.7M (-6%).