Q2 2026 Invesco Ltd Earnings Call Transcript
Key Points
- Invesco Ltd (IVZ) reported record net inflows of $67 billion year-to-date, marking a 7% annualized organic growth rate.
- The company achieved a 17% increase in net revenue compared to the same period last year.
- Operating income increased by 35% in the first half of 2026, with an operating margin expansion of nearly 470 basis points to 37.5%.
- Invesco Ltd (IVZ) launched over 50 new products globally, including active ETFs and a tokenized treasury strategy.
- The QQQ fund generated $130 million in net revenues in the first half of 2026, with AUM growing by 20%.
- Despite positive flows in certain strategies, Invesco Ltd (IVZ) experienced net outflows of $7.7 billion in its fundamental equities segment.
- The company faces challenges in maintaining positive flows in fundamental equities due to market demand and performance issues.
- The net revenue yield declined slightly to 22.4 basis points in the second quarter, with an exit yield of 22 basis points.
- Invesco Ltd (IVZ) continues to face pressure from secular shifts in client demand towards lower fee products like ETFs.
- The company is still working on reducing its leverage ratio, which stood at 1.9 times inclusive of preferred stock.
Second quarter earnings conference call. All participants will be in listen-only mode until the question-and-answer session. At that time, to ask a question, you may press *1. This call will last one hour. To allow more participants to ask questions, one question and a follow-up can be submitted per participant. As a reminder, today's call is being recorded.
Now I'll turn the call over to Greg Ketron, Invesco's Head of Investor Relations.
Thanks, operator, and to everyone joining us today. In addition to the press release, we have provided a presentation that covers the top plan to address. The press release and presentation are available on our website at vesco.com.
This information can be found by going to the Investor Relations section of the website. Our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the discussions on Slide 2 as well as the appendix for the appropriate reconciliations to GAAP.
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