Invesco Ltd · NYSE:IVZ
Invesco — Q2 2025 Earnings Presentation
20 slides from Invesco's earnings presentation, Jul 22, 2025
Slide 1: Second Quarter 2025 Results
Second Quarter 2025 Results Andrew Schlossberg President and Chief Executive Officer Allison Dukes Chief Financial Officer July 22, 2025
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: Second Quarter 2025 Business Highlights
Second Quarter 2025 Business Highlights Investment Capabilities Investment Capability* Ending AUM Net LT Flows Highlights Another strong quarter with annualized organic growth of +10% and continued market share 1 gains with strength across geographies. Record net inflows for QQQM and continued net E
Slide 5: Net Long-Term Flows
Solid Growth With Ample Opportunity 1 Q2'24 Q1'25 Q2'25 % of Total Firm AUM Annualized Long-Term Org. Grow th Geography Investment Approach Channel 72% 70% 70% 14% 15% 15% 14% 15% 15% 58% 56% 54% 42% 44% 46% 68% 67% 68% 32% 33% 32% $1,294 $1,397 $1,088 $1,371 $1,236 $1,003 $1,041 $1,237 $914 $1,162
Slide 6: Investment Performance
Investment Performance Fundamental Equities Fundamental Fixed Income 32% 61% 39% 30% 18% 6% 63% 64% 53% 45% 40% 43% 41% 43% 30% 33% 35% 23% 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr Multi-Asset Overall 16% 21% 24% 21% 15% 12% 84% 67% 63% 67% 68% 61% 54% 50% 42% 43% 46% 46% 1-Yr 3-Yr 5-Yr 1-Yr 3-Yr 5-Yr AUM abov
Slide 7: Financial Highlights
Financial Highlights • Net Long-Term inflows of $15.6 billion or 4.7% annualized organic growth in the second quarter of 2025 ‒ Record ending AUM of $2T ‒ Ending Long-Term AUM grew 16% over the second quarter of 2024 • Net revenues increased 1.7% and expenses remained well-managed with a 1.3% increa
Slide 8: Significant AUM Growth; Capturing Flows as Client Demand Shifts and Impacts Asset Mix
Significant AUM Growth; Capturing Flows as Client Demand Shifts and Impacts Asset Mix Average AUM, $B | Net Revenue Yield (NRY)* Current NRY 2Q’25 NRY Drivers Trends10 Post OFI Current Trends Acquisition $1,880.8 $1,897.4 $1,824.4 23.5 bps 23.2 bps 24.6 bps 3% 38–40 bps • Secular shifts in client de
Slide 9: Revenues and Expenses
Revenues and Expenses (in millions) Net Revenues Adjusted Operating Expenses +1.7% $36 $2 ($14) +1.3% $1 ($6) Q2’24 vs Q2’25 $1,105 $3 ($6) $8 $760 $5 $750 $1,086 $19 million increase $10 million increase Q2 2024 Investment Service & Performance Other Third-party1 Q2 2025 Q2 2024 Employee Marketing
Slide 10: Capital Management
Capital Management (in millions, except ratio information) Capital Returned to Shareholders Leverage Ratio2 $179 $177 $177 $177 $152 $25 $25 $25 $25 3.01x 2.88x 2.83x 2.77x $59 $59 $59 $59 $57 2.70x $93 $95 $93 $93 $95 0.83x 0.28x 0.26x 0.25x 0.30x Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q2’24 Q3’24 Q4’24 Q1’
Slide 11: Appendix
Appendix 4 Invesco 11
Slide 12: Diversification
Diversification By Client Domicile By Channel By Investment Capability 3% 6% 7% 27% 15% 10% 70% 68% 32% 15% 14% 18% 15% 1-Yr 1-Yr 1-Yr (billions) Change (billions) Change (billions) Change Americas $1,396.5 13.0 % Retail $1,370.7 18.0 % ETFs & Index $546.9 31.5 % Asia Pac $297.1 21.1 % Institutional
Slide 13: Net Long-Term Flows
Solid Growth With Ample Opportunity 1 Q2'24 Q1'25 Q2'25 % of Total Firm AUM Annualized Long-Term Org. Grow th Investment Capability 24% 27% 27% 16% 16% 15% 16% 14% 14% 8% 7% 7% 6% 6% 6% 3% 3% 3% 10% 11% 10% 17% 16% 18% $547 $491 $416 $353 AUM $292 $302 $279 $263 $288 $287 $297 $271 $200 $196 $174 $1
Slide 14: Key Market Indices
Key Market Indices % Change % Change Spot 6/30/25 vs. Average Q2 2025 vs. Equity Indices 6/30/2024 3/31/2025 6/30/2025 6/30/2024 3/31/2025 Q2 2024 Q1 2025 Q2 2025 Q2 2024 Q1 2025 Equity Indices Domestic S&P 500 (SPX) 5,460 5,612 6,205 14% 11% 5,247 5,895 5,730 9% -3% S&P 500 Equal-Weight (SPW) 6,664
Slide 15: US GAAP and Non-GAAP operating results Q2-25 vs. Q1-25
US GAAP and Non-GAAP operating results Q2-25 vs. Q1-25 US GAAP Basis Non-GAAP Basis (in millions) Q2-25 Q1-25 % Change (1) (in millions) Q2-25 Q1-25 % Change (1) Investment management fees $1,100.9 $1,100.3 0.1% Investment management fees $1,222.4 $1,219.3 0.3% Service and distribution fees 363.8 37
Slide 16: Reconciliation of US GAAP results to Non-GAAP results Three months ended June 30, 2025
Reconciliation of US GAAP results to Non-GAAP results Three months ended June 30, 2025 Please refer to pages 7-10 in the 2Q 2025 earnings press release for a description of the adjustments 3rd party distribution, Market appreciation / Consolidated Other non- Consolidation of service and advisory Amo
Slide 17: Reconciliation of US GAAP results to Non-GAAP results Three months ended March 31, 2025
Reconciliation of US GAAP results to Non-GAAP results Three months ended March 31, 2025 Please refer to pages 7-10 in the 1Q 2025 earnings press release for a description of the adjustments 3rd party distribution, Market appreciation / Consolidated Consolidation of service and advisory Amortization
Slide 18: Reconciliation of US GAAP results to Non-GAAP results
Reconciliation of US GAAP results to Non-GAAP results (in millions) Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2-25 Operating revenues $1,442.8 $1,442.0 $1,413.4 $1,475.3 $1,483.3 $1,515.4 $1,593.0 $1,529.2 $1,515.5 Non-GAAP adjustments (352.1) (343.8) (367.5) (422.1) (397.5) (411.1) (435.8) (
Slide 19: Footnote Disclosures
Footnote Disclosures Footnotes for Slide 4, Second quarter 2025 business 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 earnings release.
Slide 20: Footnote Disclosures (continued)
Footnote Disclosures (continued) Footnotes for Slide 10, Capital management 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 earnings release. Additio