Invesco Ltd · NYSE:IVZ
Invesco — Q2 2026 Earnings Presentation
20 slides from Invesco's earnings presentation, Jul 28, 2026
Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results Andrew Schlossberg President and Chief Executive Officer Allison Dukes Chief Financial Officer July 28, 2026
Slide 2: Forward-Looking Statements and Important Information
Forward-Looking Statements and Important Information This presentation and comments made in the associated SEC’s website at www.sec.gov. We expressly disclaim any conference call today may include “forward-looking statements.” obligation to update the information in any public disclosure if any Forw
Slide 3: In 2026 We Are Continuing to Strengthen Capital Management, Simplify and Focus the Organization, and Accelerate Growth
In 2026 We Are Continuing to Strengthen Capital Management, Simplify and Focus the Organization, and Accelerate Growth Focused Execution Yielded Record YTD Net Inflows of $67B or 7% Annualized Organic Growth, Record Net Revenues Up 17%, Operating Income Growth of 35%, Operating Margin Expansion of N
Slide 4: Second Quarter 2026 Investment Capability Highlights
Second Quarter 2026 Investment Capability Highlights Investment Capability* Ending AUM Net Flows Highlights Record AUM with annualized organic growth of 17%. Garnered record net inflows across a diverse set of products led by our QQQ innovation suite and S&P Quality ETFs and Index1 $753.5 $30.1 and
Slide 5: Investment Performance
Investment Performance Fundamental Equities Fundamental Fixed Income 38% 24% 50% 55% 39% 22% 64% 64% 58% 50% 43% 41% 26% 31% 19% 22% 18% 22% 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr Multi-Asset Overall 9% 4% 19% 32% 23% 27% 80% 82% 83% 68% 69% 64% 69% 69% 54% 49% 38% 44% 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr AUM above
Slide 6: Financial Highlights
Financial Highlights • Record net Long-Term inflows of $45.1 billion or 8.5% annualized organic growth in the second quarter of 2026 marking the 12 th consecutive quarter of net inflows ‒ AUM of $2.5 trillion ‒ Net inflows across active/passive and spanning geographies • Net revenues increased 5.1%
Slide 7: Significant AUM Growth With Stabilizing Net Revenue Yield Trend
Significant AUM Growth With Stabilizing Net Revenue Yield Trend Net Revenue Yield (NRY)* NRY Trend9 2Q’26 NRY Drivers 23.2 bps 22.9 bps 22.9 bps 22.5 bps 22.4 bps Average AUM, $B $2,368.8 3% Multi-Asset / Other1 25-37 bps • Secular shifts in client $2,218.9 $2,161.8 7% China JV2 31–32 bps demand hav
Slide 8: Revenues and Expenses
Revenues and Expenses (in millions) Net Revenues Adjusted Operating Expenses +20.3% +9.2% $419 ($54) $5 ($147) $1 $8 $830 Q2’25 vs Q2’26 $1,329 $14 ($1) $49 $1,105 $760 $224 million increase $70 million increase Q2 2025 Investment Service & Performance Other Third-party1 Q2 2026 Q2 2025 Employee Mar
Slide 9: Capital Management
Capital Management (in millions, except ratio information) Capital Returned to Shareholders Leverage Ratio2 $177 $184 $173 $164 $164 $25 $50 $25 $25 $40 $57 $44 $44 $37 $38 2.70x 2.50x 2.20x 2.30x 1.90x $95 $95 $95 $95 $97 0.83x 0.73x 0.85x 0.63x 0.54x Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q2’25 Q3’25 Q4’25
Slide 10: Appendix
Appendix 4 Invesco
Slide 11: Diversification
Diversification By Client Domicile By Channel By Investment Capability 3% 5% 7% 31% 15% 9% 69% 72% 28% 13% 16% 20% 13% 1-Yr 1-Yr (billions) Change 1-Yr (billions) Change (billions) Change Americas $1,707.6 22.3 % Retail $1,766.3 28.9 % ETFs & Index $753.5 37.8 % Asia Pac $366.5 23.4 % Institutional
Slide 12: Net Long-Term Flows
Solid Growth With Ample Opportunity 1 Q2'25 Q1'26 Q2'26 % of Total Firm AUM Annualized Long-Term Org. Grow th Geography Channel 70% 68% 69% 15% 15% 15% 15% 17% 16% 68% 69% 72% 32% 31% 28% $1,708 $1,766 $1,471 $1,397 $1,489 $1,371 AUM $631 $670 $704 $396 $297 $330 $367 $308 $359 Americas Asia Pac EME
Slide 13: Net Long-Term Flows
Solid Growth With Ample Opportunity 1 Q2'25 Q1'26 Q2'26 % of Total Firm AUM Annualized Long-Term Org. Grow th Investment Capability 27% 30% 31% 15% 14% 13% 14% 14% 13% 5% 7% 7% 7% 6% 5% 4% 3% 3% 10% 9% 9% 18% 17% 20% $754 $638 $547 $490 AUM $353 $373 $302 $313 $316 $318 $288 $288 $196 $201 $215 $142
Slide 14: Key Market Indices
Key Market Indices % Change % Change Spot 06/30/26 vs. Average Q2 2026 vs. Equity Indices 6/30/2025 3/31/2026 6/30/2026 6/30/2025 3/31/2026 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Q1 2026 Equity Indices Domestic S&P 500 (SPX) 6,205 6,529 7,499 21% 15% 5,730 6,819 7,271 27% 7% S&P 500 Equal-Weight (SPW) 7,37
Slide 15: US GAAP and Non-GAAP operating results Q2-26 vs. Q1-26
US GAAP and Non-GAAP operating results Q2-26 vs. Q1-26 US GAAP Basis Non-GAAP Basis (in millions) Q2-26 Q1-26 % Change (1) (in millions) Q2-26 Q1-26 % Change (1) Investment management fees $1,461.8 $1,382.2 5.8% Investment management fees $1,641.5 $1,548.5 6.0% Service and distribution fees 309.9 30
Slide 16: Reconciliation of US GAAP results to Non-GAAP results
Reconciliation of US GAAP results to Non-GAAP results Three months ended June 30, 2026 Please refer to pages 8-11 in the 2Q 2026 earnings press release for a description of the adjustments 3rd party distribution, Amortization and Market appreciation / Consolidated Other non- Consolidation of service
Slide 17: Reconciliation of US GAAP results to Non-GAAP results
Reconciliation of US GAAP results to Non-GAAP results Three months ended March 31, 2026 Please refer to pages 9-12 in the 1Q 2026 earnings press release for a description of the adjustments 3rd party distribution, Amortization and Market appreciation / Consolidated Other non- Consolidation of servic
Slide 18: Reconciliation of US GAAP results to Non-GAAP results
Reconciliation of US GAAP results to Non-GAAP results (in millions) Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Operating revenues $1,483.3 $1,515.4 $1,593.0 $1,529.2 $1,515.5 $1,640.4 $1,692.0 $1,744.5 $1,825.6 Non-GAAP adjustments (397.5) (411.1) (435.8) (420.5) (410.9) (454.1) (433.1) (
Slide 19: Footnote Disclosures
Footnote Disclosures Footnotes for Slide 4, Second quarter 2026 Investment Capability Highlights Non-GAAP financial measures – For the reconciliations from US GAAP to non-GAAP measures, see the Appendix to this presentation and the non-GAAP Information and Reconciliations section of the current earn
Slide 20: Footnote Disclosures (continued)
Footnote Disclosures (continued) The leverage ratio is defined by our credit facility agreement and equals adjusted debt divided by covenant adjusted EBITDA. Adjusted debt and covenant adjusted EBITDA are non-GAAP financial measures that are used by management in connection with certain debt covenan