Slide 1: First Quarter 2026 Results
First Quarter 2026 Results Andrew Schlossberg President and Chief Executive Officer Allison Dukes Chief Financial Officer April 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: Advantageous Position + Winning Strategic Focus = Enhanced Operating Performance
Advantageous Position + Winning Strategic Focus = Enhanced Operating 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 • Glob
Slide 4: First Quarter 2026 Investment Capability Highlights
First Quarter 2026 Investment Capability Highlights Investment Capability* Ending AUM Net Flows Highlights Record AUM with annualized organic growth of 11%. We garnered net inflows across a diverse set of products in both equity and fixed income with RSP delivering record net ETFs and Index 1 $638.3
Slide 5: Investment Performance
Investment Performance Fundamental Equities Fundamental Fixed Income 30% 20% 51% 40% 32% 62% 62% 20% 56% 55% 35% 34% 38% 30% 18% 19% 20% 22% 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr Multi-Asset Overall 3% 6% 26% 21% 5% 20% 78% 78% 79% 66% 71% 61% 62% 64% 47% 46% 49% 40% 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr AUM above
Slide 6: Financial Highlights
Financial Highlights • Net Long-Term inflows of $21.8 billion or 4.4% annualized organic growth in the first quarter of 2026 marking the 11th consecutive quarter of net inflows ‒ AUM of $2.2 trillion ‒ Net inflows across active/passive, asset classes, channels, and spanning geographies • Net revenue
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 1Q’26 NRY Drivers 23.5 bps 23.2 bps 22.9 bps 22.9 bps 22.5 bps • Secular shifts in client demand have altered our asset mix and overall NRY as Average AUM, $B $2,218.9 our broad set of capabilities $2
Slide 8: Revenues and Expenses
Revenues and Expenses (in millions) Net Revenues Adjusted Operating Expenses +14.0% +9.1% $14 $828 Q1’25 vs Q1’26 $21 ($9) $329 ($69) $7 ($3) ($109) $43 $1,264 $1,109 $759 $155 million increase $69 million increase Q1 2025 Investment Service & Performance Other Third-party1 Q1 2026 Q1 2025 Employee
Slide 9: Capital Management
Capital Management (in millions, except ratio information) Capital Returned to Shareholders Leverage Ratio2 $177 $177 $173 $164 $164 $25 $25 $25 $25 $40 $59 $57 $44 $44 $38 2.77x 2.70x 2.50x 2.30x 2.20x $93 $95 $95 $95 $95 0.83x 0.73x 0.85x 0.63x 0.30x Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’25 Q2’25 Q3’25
Slide 10: Appendix
Appendix 4 Invesco
Slide 11: Diversification
Diversification By Client Domicile By Channel By Investment Capability 3% 6% 7% 30% 15% 9% 68% 69% 31% 17% 13% 17% 15% 1-Yr 1-Yr 1-Yr (billions) Change (billions) Change (billions) Change Americas $1,470.8 13.7 % Retail $1,489.4 20.4 % ETFs & Index $638.3 30.0 % Asia Pac $330.0 19.8 % Institutional
Slide 12: Net Long-Term Flows
Solid Growth With Ample Opportunity 1 Q1'25 Q4'25 Q1'26 % of Total Firm AUM Annualized Long-Term Org. Grow th Geography Channel 70% 69% 68% 15% 15% 15% 15% 16% 17% 67% 70% 69% 33% 30% 31% $1,492 $1,471 $1,516 $1,489 $1,294 $1,237 AUM $608 $654 $670 $357 $359 $276 $321 $330 $276 Americas Asia Pac EME
Slide 13: Net Long-Term Flows
Solid Growth With Ample Opportunity 1 Q1'25 Q4'25 Q1'26 % of Total Firm AUM Annualized Long-Term Org. Grow th Investment Capability 27% 29% 30% 16% 14% 14% 14% 14% 14% 5% 6% 7% 7% 6% 6% 4% 3% 3% 11% 9% 9% 16% 19% 17% $630 $638 $491 $407 $373 AUM $313 $292 $312 $298 $288 $297 $263 $200 $190 $201 $133
Slide 14: Key Market Indices
Key Market Indices % Change % Change Spot 03/31/26 vs. Average Q1 2026 vs. Equity Indices 3/31/2025 12/31/2025 3/31/2026 3/31/2025 12/31/2025 Q1 2025 Q4 2025 Q1 2026 Q1 2025 Q4 2025 Equity Indices Domestic S&P 500 (SPX) 5,612 6,846 6,529 16% -5% 5,895 6,778 6,819 16% 1% S&P 500 Equal-Weight (SPW) 7,
Slide 15: US GAAP and Non-GAAP operating results Q1-26 vs. Q4-25
US GAAP and Non-GAAP operating results Q1-26 vs. Q4-25 US GAAP Basis Non-GAAP Basis (in millions) Q1-26 Q4-25 % Change (1) (in millions) Q1-26 Q4-25 % Change (1) Investment management fees $1,382.2 $1,229.4 12.4% Investment management fees $1,548.5 $1,384.8 11.8% Service and distribution fees 301.8
Slide 16: Reconciliation of US GAAP results to Non-GAAP results Three months ended March 31, 2026
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 17: Reconciliation of US GAAP results to Non-GAAP results Three months ended December 31, 2025
Reconciliation of US GAAP results to Non-GAAP results Three months ended December 31, 2025 Please refer to pages 10-13 in the 4Q 2025 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
Reconciliation of US GAAP results to Non-GAAP results (in millions) Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Operating revenues $1,475.3 $1,483.3 $1,515.4 $1,593.0 $1,529.2 $1,515.5 $1,640.4 $1,692.0 $1,744.5 Non-GAAP adjustments (422.1) (397.5) (411.1) (435.8) (420.5) (410.9) (454.1) (
Slide 19: Footnote Disclosures
Footnote Disclosures Footnotes for Slide 4, First 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 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