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Invesco vs Ares Management: IVZ and ARES compared
Invesco is the larger company: $1.9B of revenue in its latest quarter (Q3 2026) against $1.3B for Ares Management (Q3 2026). Invesco is growing faster (+14% against +9% a year earlier). Invesco is more profitable, with an operating margin of 23.3% against 13.1%.
Where the money goes: IVZ and ARES
Invesco (IVZ) · Q3 2026
Invesco, Q3 2026: revenue $1.9B (+14% year over year), operating margin 23.3%, net earnings $294M, operating cash flow $475M. The chart follows the revenue to costs, profit and cash.
Ares Management (ARES) · Q3 2026
Ares Management, Q3 2026: revenue $1.3B (+9% year over year), operating margin 13.1%, net earnings $85.3M, operating cash flow −$86.3M. The chart follows the revenue to costs, profit and cash.
| Invesco (IVZ) | Ares Management (ARES) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.9B | $1.3B |
| Revenue growth, Y/Y | +14% | +9% |
| Operating margin | 23.3% | 13.1% |
| Net earnings | $294M | $85.3M |
| Net margin | 15.7% | 6.8% |
| Operating cash flow | $475M | −$86.3M |
| Free cash flow | $443M | — |
| Market value | $12.3B | $44.5B |
| P/E | — | 134.3× |
| Analysts’ mean target | $35.00 | $146.55 |
Where the revenue comes from
Invesco
- Investment management fees: $1.5B (81%)
- Service and distribution fees: $313M (17%)
- Other: $45.8M (2%)
Questions
Which is bigger, Invesco or Ares Management?
Invesco is the larger company: $1.9B of revenue in its latest quarter (Q3 2026) against $1.3B for Ares Management (Q3 2026).
Is Invesco or Ares Management growing faster?
Invesco is growing faster (+14% against +9% a year earlier).
Which is more profitable, Invesco or Ares Management?
Invesco is more profitable, with an operating margin of 23.3% against 13.1%.
More: Invesco earnings · how Invesco makes money · Ares Management earnings · how Ares Management makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.