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Invesco

IVZ Clue Score34
United States Fiscal year ends December CIK 0000914208
$29.51 -1.93% Close, 9 Oct 2026
Price $29.51 +18.99% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue4.73Operating income1.15Net income0.85EPS, diluted2.06Fiscal year 2017Revenue5.16 +9.0%Operating income1.28Net income1.13 +32.0%EPS, diluted2.75 +33.5%Fiscal year 2018Revenue5.31 +3.0%Operating income1.20Net income0.88 −21.7%EPS, diluted2.14 −22.2%Fiscal year 2019Revenue6.12 +15.1%Operating income0.81Net income0.56 −36.0%EPS, diluted1.28 −40.2%Fiscal year 2020Revenue6.15 +0.5%Operating income0.92Net income0.52 −7.1%EPS, diluted1.13 −11.7%Fiscal year 2021Revenue6.89 +12.2%Operating income1.79Net income1.39 +165.4%EPS, diluted2.99 +164.6%Fiscal year 2022Revenue6.05 −12.3%Operating income1.32Net income0.68 −50.9%EPS, diluted1.49 −50.2%Fiscal year 2023Revenue5.72 −5.5%Operating income−0.43Net income−0.33 −148.8%EPS, diluted−0.73 −149.0%Fiscal year 2024Revenue6.07 +6.1%Operating income0.83Net income0.54EPS, diluted1.18Fiscal year 2025Revenue6.38 +5.1%Operating income−0.70Net income−0.17 −132.5%EPS, diluted−1.60 −235.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4.73 5.16 5.31 6.12 6.15 6.89 6.05 5.72 6.07 6.38
Growth +9.0% +3.0% +15.1% +0.5% +12.2% −12.3% −5.5% +6.1% +5.1%
Operating income 1.15 1.28 1.20 0.81 0.92 1.79 1.32 −0.43 0.83 −0.70
Net income 0.85 1.13 0.88 0.56 0.52 1.39 0.68 −0.33 0.54 −0.17
Growth +32.0% −21.7% −36.0% −7.1% +165.4% −50.9% −148.8% −132.5%
EPS, diluted 2.06 2.75 2.14 1.28 1.13 2.99 1.49 −0.73 1.18 −1.60
Growth +33.5% −22.2% −40.2% −11.7% +164.6% −50.2% −149.0% −235.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin24.3%Net margin18.0%Free cash flow margin10.7%Fiscal year 2017Operating margin24.8%Net margin21.8%Free cash flow margin20.3%Fiscal year 2018Operating margin22.7%Net margin16.6%Free cash flow margin13.7%Fiscal year 2019Operating margin13.2%Net margin9.2%Free cash flow margin16.2%Fiscal year 2020Operating margin15.0%Net margin8.5%Free cash flow margin18.1%Fiscal year 2021Operating margin25.9%Net margin20.2%Free cash flow margin14.1%Fiscal year 2022Operating margin21.8%Net margin11.3%Free cash flow margin8.4%Fiscal year 2023Operating margin−7.6%Net margin−5.8%Free cash flow margin19.9%Fiscal year 2024Operating margin13.7%Net margin8.9%Free cash flow margin18.5%Fiscal year 2025Operating margin−10.9%Net margin−2.7%Free cash flow margin22.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 24.3% 24.8% 22.7% 13.2% 15.0% 25.9% 21.8% −7.6% 13.7% −10.9%
Net margin 18.0% 21.8% 16.6% 9.2% 8.5% 20.2% 11.3% −5.8% 8.9% −2.7%
Free cash flow margin 10.7% 20.3% 13.7% 16.2% 18.1% 14.1% 8.4% 19.9% 18.5% 22.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.65Capital expenditure−0.15Free cash flow0.51Buybacks−0.54Dividends paid−0.46Fiscal year 2017Operating cash flow1.16Capital expenditure−0.11Free cash flow1.05 +106.6%Buybacks−0.06Dividends paid−0.47Fiscal year 2018Operating cash flow0.83Capital expenditure−0.10Free cash flow0.73 −30.6%Buybacks0.00Dividends paid−0.49Fiscal year 2019Operating cash flow1.12Capital expenditure−0.12Free cash flow0.99 +36.6%Buybacks−0.11Dividends paid−0.53Fiscal year 2020Operating cash flow1.23Capital expenditure−0.12Free cash flow1.12 +12.4%Dividends paid−0.36Fiscal year 2021Operating cash flow1.08Capital expenditure−0.11Free cash flow0.97 −13.1%Buybacks−0.06Dividends paid−0.31Fiscal year 2022Operating cash flow0.70Capital expenditure−0.19Free cash flow0.51 −47.4%Buybacks−0.24Dividends paid−0.33Fiscal year 2023Operating cash flow1.30Capital expenditure−0.16Free cash flow1.14 +122.7%Buybacks−0.19Dividends paid−0.36Fiscal year 2024Operating cash flow1.19Capital expenditure−0.07Free cash flow1.12 −1.4%Buybacks−0.08Dividends paid−0.37Fiscal year 2025Operating cash flow1.53Capital expenditure−0.08Free cash flow1.44 +28.6%Buybacks−0.12Dividends paid−0.38
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.65 1.16 0.83 1.12 1.23 1.08 0.70 1.30 1.19 1.53
Capital expenditure −0.15 −0.11 −0.10 −0.12 −0.12 −0.11 −0.19 −0.16 −0.07 −0.08
Free cash flow 0.51 1.05 0.73 0.99 1.12 0.97 0.51 1.14 1.12 1.44
Growth +106.6% −30.6% +36.6% +12.4% −13.1% −47.4% +122.7% −1.4% +28.6%
Buybacks −0.54 −0.06 0.00 −0.11 n/a −0.06 −0.24 −0.19 −0.08 −0.12
Dividends paid −0.46 −0.47 −0.49 −0.53 −0.36 −0.31 −0.33 −0.36 −0.37 −0.38

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.33Total debt2.10Net cash (debt)−0.77Shareholders’ equity7.50Debt to equity0.28Fiscal year 2017Cash2.01Total debt2.08Net cash (debt)−0.07Shareholders’ equity8.70Debt to equity0.24Fiscal year 2018Cash1.15Total debt2.41Net cash (debt)−1.26Shareholders’ equity8.58Debt to equity0.28Fiscal year 2019Cash1.05Total debt2.08Net cash (debt)−1.03Shareholders’ equity13.86Debt to equity0.15Fiscal year 2020Cash1.41Total debt2.08Net cash (debt)−0.67Shareholders’ equity14.36Debt to equity0.15Fiscal year 2021Cash1.90Total debt2.09Net cash (debt)−0.19Shareholders’ equity15.50Debt to equity0.13Fiscal year 2022Cash1.23Total debt1.49Net cash (debt)−0.25Shareholders’ equity15.21Debt to equity0.10Fiscal year 2023Cash1.47Total debt1.49Net cash (debt)−0.02Shareholders’ equity14.60Debt to equity0.10Fiscal year 2024Cash0.99Total debt0.89Net cash (debt)0.10Shareholders’ equity14.56Debt to equity0.06Fiscal year 2025Cash1.04Total debt1.83Net cash (debt)−0.79Shareholders’ equity12.23Debt to equity0.15
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.33 2.01 1.15 1.05 1.41 1.90 1.23 1.47 0.99 1.04
Total debt 2.10 2.08 2.41 2.08 2.08 2.09 1.49 1.49 0.89 1.83
Net cash (debt) −0.77 −0.07 −1.26 −1.03 −0.67 −0.19 −0.25 −0.02 0.10 −0.79
Shareholders’ equity 7.50 8.70 8.58 13.86 14.36 15.50 15.21 14.60 14.56 12.23
Debt to equity 0.28 0.24 0.28 0.15 0.15 0.13 0.10 0.10 0.06 0.15

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
0.65 1.16 0.83 1.12 1.23 1.08 0.70 1.30 1.19 1.53
Growth +77.0% −28.4% +34.7% +10.2% −12.4% −34.8% +85.0% −8.5% +28.2%
0.10 0.12 0.14 0.18 0.20 0.21 0.20 0.18 0.18 0.16
Investment
−0.15 −0.11 −0.10 −0.12 −0.12 −0.11 −0.19 −0.16 −0.07 −0.08
calc 0.51 1.05 0.73 0.99 1.12 0.97 0.51 1.14 1.12 1.44
Growth +106.6% −30.6% +36.6% +12.4% −13.1% −47.4% +122.7% −1.4% +28.6%
calc 1.22 2.55 1.76 2.25 2.41 2.08 1.11 2.49 2.45 3.17
−1.01 −0.97 −2.90 −1.43 −0.86 −0.85 −0.38 −0.24 0.07 −0.97
Financing
0.47 0.17 1.54 0.20 −0.29 0.12 −0.97 −0.59 −1.66 −0.15
−0.46 −0.47 −0.49 −0.53 −0.36 −0.31 −0.33 −0.36 −0.37 −0.38
−0.54 −0.06 0.00 −0.11 n/a −0.06 −0.24 −0.19 −0.08 −0.12

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.