Invesco Ltd · NYSE:IVZ
Invesco — Q3 2026 Earnings Presentation
21 slides from Invesco's earnings presentation, Oct 27, 2026
Slide 1: Third Quarter 2026 Results
Third Quarter 2026 Results Andrew Schlossberg President and Chief Executive Officer Allison Dukes Chief Financial Officer October 27, 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: Advantageous Position + Strategic Execution = Enhanced Performance
Advantageous Position + Strategic Execution = Enhanced Performance We have an advantageous position globally as a diversified, client-centric asset manager and a strategy to deliver for our shareholders Advantageous Market Position Winning Strategic Focus Key Performance Drivers • Global footprint •
Slide 4: Third Quarter 2026 Investment Capability Highlights
Third Quarter 2026 Investment Capability Highlights Investment Capability* Ending AUM Net Flows Highlights Record AUM with annualized organic growth of 15%. Garnered net inflows across a diverse set of products with 14 products generating more than $500 million in ETFs and Index1 $774.6 $28.5 net in
Slide 5: Investment Performance
Investment Performance Overall Fundamental Equities 13% 23% 21% 15% 64% 66% 70% 26% 58% 18% 47% 49% 43% 40% 30% 30% 17% 20% 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr Fundamental Fixed Income Multi-Asset 6% 6% 19% 15% 52% 83% 84% 85% 45% 64% 70% 65% 56% 55% 53% 45% 22% 11% 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr AUM above
Slide 6: Additional $1.5 Billion Repurchase of Invesco Preferred Stock Financed with a Five-Year Bank Term Loan
Additional $1.5 Billion Repurchase of Invesco Preferred Stock Financed with a Five-Year Bank Term Loan; $3.0 Billion Total Repurchased Earnings accretive, ultimately contributing run-rate EPS improvement of $0.41 in total while reducing leverage and improving balance sheet flexibility 2,000 $0.40 $1
Slide 7: Financial Highlights
Financial Highlights • Net Long-Term inflows of $35.1 billion or 6.3% annualized organic growth in the third quarter of 2026 marking the 13 th consecutive quarter of net inflows ‒ AUM of $2.5 trillion ‒ Net inflows across active/passive and spanning geographies • Net revenues increased 4.0% and oper
Slide 8: AUM Mix and Net Revenue Yield Trend
AUM Mix and Net Revenue Yield Trend Net Revenue Yield (NRY)* NRY Trend9 22.9 bps 22.5 bps 22.9 bps 22.4 bps • Secular shifts in client 21.5 bps demand have altered our asset mix and overall NRY as our broad set of capabilities Average AUM, $B $2,510.2 have allowed us to capture $2,368.8 3% Multi-Ass
Slide 9: Revenues and Expenses
Revenues and Expenses (in millions) Net Revenues Adjusted Operating Expenses +16.5% +5.0% $378 ($88) $10 ($1) ($104) Q3’25 vs Q3’26 $1,382 $15 ($3) $6 $819 $1,186 $21 $780 $196 million increase $39 million increase Q3 2025 Investment Service & Performance Other Third-party1 Q3 2026 Q3 2025 Employee
Slide 10: Capital Management
Capital Management (in millions, except ratio information) Capital Returned to Shareholders Leverage Ratio2 $200 $184 $173 $164 $164 $65 $25 $25 $40 $50 $44 $44 $38 $37 $37 2.50x 2.30x 2.20x 1.90x 1.60x $95 $95 $95 $97 $98 0.73x 0.85x 0.63x 0.54x 0.33x Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’25 Q4’25 Q1’26
Slide 11: Appendix
Appendix 4 Invesco
Slide 12: Diversification
Diversification By Client Domicile By Channel By Investment Capability 3% 5% 7% 31% 15% 10% 69% 71% 29% 16% 12% 20% 12% 1-Yr 1-Yr (billions) Change 1-Yr (billions) Change (billions) Change Americas $1,748.4 19.2 % Retail $1,793.4 21.3 % ETFs & Index $774.6 27.9 % Asia Pac $375.4 17.3 % Institutional
Slide 13: Net Long-Term Flows
Solid Growth With Ample Opportunity 1 Q3'25 Q2'26 Q3'26 % of Total Firm AUM Annualized Long-Term Org. Grow th Geography Channel 69% 69% 69% 15% 15% 15% 16% 16% 16% 70% 72% 71% 30% 28% 29% $1,708 $1,748 $1,766 $1,793 $1,466 $1,478 AUM $704 $744 $647 $396 $414 $320 $367 $375 $338 Americas Asia Pac EME
Slide 14: Net Long-Term Flows
Solid Growth With Ample Opportunity 1 Q3'25 Q2'26 Q3'26 % of Total Firm AUM Annualized Long-Term Org. Grow th Investment Capability 29% 31% 31% 15% 13% 12% 14% 13% 12% 6% 7% 7% 6% 5% 5% 4% 3% 3% 9% 9% 10% 18% 20% 20% $754 $775 $606 $490 $499 AUM $386 $309 $316 $308 $300 $318 $309 $262 $190 $215 $163
Slide 15: Key Market Indices
Key Market Indices % Change % Change Spot 09/30/26 vs. Average Q3 2026 vs. Equity Indices 9/30/2025 6/30/2026 9/30/2026 9/30/2025 6/30/2026 Q3 2025 Q2 2026 Q3 2026 Q3 2025 Q2 2026 Equity Indices Domestic S&P 500 (SPX) 6,688 7,499 7,652 14% 2% 6,428 7,271 7,619 19% 5% S&P 500 Equal-Weight (SPW) 7,693
Slide 16: US GAAP and Non-GAAP operating results Q3-26 vs. Q2-26
US GAAP and Non-GAAP operating results Q3-26 vs. Q2-26 US GAAP Basis Non-GAAP Basis (in millions) Q3-26 Q2-26 % Change (1) (in millions) Q3-26 Q2-26 % Change (1) Investment management fees $1,512.2 $1,461.8 3.4% Investment management fees $1,698.9 $1,641.5 3.5% Service and distribution fees 313.2 30
Slide 17: Reconciliation of US GAAP results to Non-GAAP results Three months ended September 30, 2026
Reconciliation of US GAAP results to Non-GAAP results Three months ended September 30, 2026 Please refer to pages 8-11 in the 3Q 2026 earnings press release for a description of the adjustments 3rd party distribution, Amortization and Market appreciation / Consolidated Other non- Consolidation of se
Slide 18: Reconciliation of US GAAP results to Non-GAAP results Three months ended June 30, 2026
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 19: Reconciliation of US GAAP results to Non-GAAP results
Reconciliation of US GAAP results to Non-GAAP results (in millions) Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3’26 Operating revenues $1,515.4 $1,593.0 $1,529.2 $1,515.5 $1,640.4 $1,692.0 $1,744.5 $1,825.6 $1,873.2 Non-GAAP adjustments (411.1) (435.8) (420.5) (410.9) (454.1) (433.1) (480.2) (
Slide 20: Footnote Disclosures
Footnote Disclosures Footnotes for Slide 4, Third 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 earni
Slide 21: Footnote Disclosures (continued)
Footnote Disclosures (continued) The leverage ratio is defined by our credit agreements 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 covenant calcul