In 2025, Invesco repurchased $1.5 billion of preferred stock, reducing it to $2.5 billion, improving leverage to 2.2x. A record AUM of $2.2 trillion was reached with $19 billion in net long-term inflows. Growth strategies included private markets expansion and portfolio simplification via strategic transactions.

CEO Andrew Schlossberg highlighted Invesco’s transformation efforts in 2025, focusing on balance sheet actions and portfolio reshaping. The company repurchased preferred stock and emphasized streamlining operations for profitability and balance sheet strength. A record AUM of $2.2 trillion was achieved at year-end.

Invesco completed strategic transactions in 2025 including selling Intelliflo and forming partnerships with Barings and LGT. The company also announced a deal with CI Global Asset Management for its Canadian fund complex. Private markets expansion and the QQQ conversion helped stabilize net revenue yield.

Schlossberg emphasized private markets as a key strategy, with partnerships announced in 2025 for U.S. wealth and defined contribution channels. The QQQ ETF conversion lowered fees and increased AUM. Invesco’s private markets platform reached $130 billion and partnerships are expected to launch new products this year.

In the fourth quarter, Invesco saw record AUM of $2.2 trillion with $19 billion in net long-term inflows, equating to a 5% annualized organic growth rate. ETF and index AUM reached $630 billion, while fundamental fixed income generated $2.2 billion in net inflows. Private markets recorded $300 million in net inflows driven by real estate.

Total AUM for Invesco rose to $2.2 trillion in the fourth quarter, with net revenue reaching $1.3 billion. The company reported adjusted diluted EPS of $0.62 for the quarter and an improved adjusted operating margin of 36.4%. The net revenue yield was 22.5 basis points, showing stabilization with the QQQ reclassification.

Looking ahead to 2026, Invesco expects operating expenses to be $3.2 billion based on fourth-quarter AUM. Expenses related to the hybrid platform and QQQ marketing are anticipated. The company targets a total payout ratio near 60% for 2026, with share repurchases expected to increase in the first quarter.

Read more at Yahoo Finance: Invesco Q4 Earnings Call Highlights