Invesco (IVZ) Financials

$24.00 -0.04 (-0.17%)

As of 10:15 AM Eastern

Annual Income Statements for Invesco

This table shows Invesco's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	968	854	1,127	883	565	525	1,393	684	-334	538
Consolidated Net Income / (Loss)	964	868	1,161	883	738	808	1,969	926	-168	752
Net Income / (Loss) Continuing Operations	963	868	1,161	883	738	808	1,969	926	-168	752
Total Pre-Tax Income	1,362	1,207	1,429	1,138	973	1,069	2,501	1,248	-238	1,005
Total Revenue	5,101	4,734	-32	5,258	-107	6,154	-70	5,988	5,694	6,068
Net Interest Income / (Expense)	-69	0.00	-81	-90	-107	-109	-70	-61	-23	0.90
Total Interest Income	13	0.00	13	21	29	21	25	24	48	59
Investment Securities Interest Income	13	-	13	21	29	21	25	24	48	59
Total Interest Expense	82	0.00	95	112	136	129	95	85	71	58
Long-Term Debt Interest Expense	82	-	95	112	136	129	95	85	71	58
Total Non-Interest Income	5,170	4,734	50	5,348	0.00	6,263	0.00	6,049	5,716	6,067
Other Non-Interest Income	-	4,734	-	5,314	-	6,146	-	6,049	5,716	6,067
Total Non-Interest Expense	3,737	3,549	-1,416	4,120	-958	5,085	-2,297	4,707	6,101	5,153
Salaries and Employee Benefits	1,396	1,369	1,500	1,494	1,709	1,808	1,911	1,725	1,886	2,014
Net Occupancy & Equipment Expense	312	327	365	411	494	512	526	447	450	474
Marketing Expense	115	115	122	135	136	83	99	95	82	81
Other Operating Expenses	1,942	1,702	-3,367	1,973	2,297	2,428	2,573	2,380	2,393	2,620
Amortization Expense	-	-	-	-	53	63	63	64	1,299	45
Other Special Charges	-27	83	-36	107	-6,267	191	-7,404	-3.00	-8.70	-82
Nonoperating Income / (Expense), net	-	12	-	-	122	-	273	-33	169	91
Income Tax Expense	398	338	268	255	235	262	531	322	-70	253
Preferred Stock Dividends Declared	-	-	0.00	0.00	124	237	237	237	237	237
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.00	14	34	0.30	50	46	340	4.80	-71	-22
Basic Earnings per Share	$2.26	$2.06	$2.75	$2.14	$1.29	$1.14	$3.01	$1.50	($0.73)	$1.18
Weighted Average Basic Shares Outstanding	428.90M	414.70M	409.90M	412.50M	453.40M	459.07M	460.75M	454.75M	449.20M	447.60M
Diluted Earnings per Share	$2.26	$2.06	$2.75	$2.14	$1.28	$1.13	$2.99	$1.49	($0.73)	$1.18
Weighted Average Diluted Shares Outstanding	428.90M	414.70M	409.90M	412.50M	453.40M	459.07M	460.75M	454.75M	449.20M	447.60M
Weighted Average Basic & Diluted Shares Outstanding	428.90M	414.70M	409.90M	412.50M	453.40M	459.07M	460.75M	454.75M	449.20M	447.60M
Cash Dividends to Common per Share	$1.06	$1.11	$1.15	$1.19	$1.23	$0.78	$0.67	$0.73	$0.79	$0.82

This table shows Invesco's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	177	188	145	132	131	-742	142	132	55	209	171
Consolidated Net Income / (Loss)	168	301	166	164	169	-667	214	196	104	239	267
Net Income / (Loss) Continuing Operations	168	301	166	164	169	-667	214	196	104	239	267
Total Pre-Tax Income	255	390	236	230	230	-934	283	260	145	317	345
Total Revenue	1,416	1,470	1,409	1,472	1,444	1,369	1,515	1,496	-2.50	3,060	1,527
Net Interest Income / (Expense)	-15	0.20	-9.40	-11	-6.50	4.50	-3.50	-5.30	-2.50	12	-1.80
Total Interest Income	3.30	18	8.60	7.10	11	21	12	11	11	25	11
Investment Securities Interest Income	3.30	18	8.60	7.10	11	21	12	11	11	25	11
Total Interest Expense	19	18	18	18	17	17	16	16	13	12	13
Long-Term Debt Interest Expense	19	18	18	18	17	17	16	16	13	12	13
Total Non-Interest Income	1,431	1,470	1,418	1,483	1,451	1,365	1,518	1,501	0.00	3,048	1,529
Other Non-Interest Income	1,446	1,443	1,418	1,443	-	-	1,475	1,483	-	-	1,529
Total Non-Interest Expense	1,161	1,112	1,227	1,242	1,214	2,418	1,232	1,236	-117	2,803	1,178
Salaries and Employee Benefits	421	464	463	476	479	469	473	452	625	464	465
Net Occupancy & Equipment Expense	133	47	111	113	111	116	118	116	119	121	114
Marketing Expense	28	12	20	23	19	20	18	21	19	24	17
Other Operating Expenses	500	670	560	614	594	624	643	676	640	662	646
Amortization Expense	15	19	14	13	11	1,260	11	11	11	11	10
Other Special Charges	65	-100	60	2.70	-	-	-31	-41	-1,532	1,522	-74
Nonoperating Income / (Expense), net	-	-	27	-	-	-	-	-	30	-	-4.70
Income Tax Expense	87	90	70	66	61	-266	69	64	42	79	78
Preferred Stock Dividends Declared	59	59	59	59	59	59	59	59	59	59	59
Net Income / (Loss) Attributable to Noncontrolling Interest	-68	54	-38	-27	-22	16	14	4.50	-11	-30	37
Basic Earnings per Share	$0.39	$0.41	$0.32	$0.29	$0.29	($1.63)	$0.31	$0.29	$0.12	$0.46	$0.38
Weighted Average Basic Shares Outstanding	454.78M	454.75M	458.17M	448.62M	449.55M	449.20M	449.83M	450.03M	449.44M	447.60M	447.56M
Diluted Earnings per Share	$0.39	$0.41	$0.32	$0.29	$0.29	($1.63)	$0.31	$0.29	$0.12	$0.46	$0.38
Weighted Average Diluted Shares Outstanding	454.78M	454.75M	458.17M	448.62M	449.55M	449.20M	449.83M	450.03M	449.44M	447.60M	447.56M
Weighted Average Basic & Diluted Shares Outstanding	454.78M	454.75M	458.17M	448.62M	449.55M	449.20M	449.83M	450.03M	449.44M	447.60M	447.56M
Cash Dividends to Common per Share	$0.19	-	$0.19	$0.20	$0.20	-	$0.20	$0.21	$0.21	-	$0.21

This table details how cash moves in and out of Invesco's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	412	118	352	-530	-115	85	348	-639	471	-403
Net Cash From Operating Activities	1,128	654	1,158	829	1,117	1,230	1,078	703	1,301	1,190
Net Cash From Continuing Operating Activities	1,128	654	1,158	829	1,117	1,230	1,078	703	1,301	1,190
Net Income / (Loss) Continuing Operations	964	868	1,161	883	738	808	1,969	926	-168	752
Consolidated Net Income / (Loss)	964	868	1,161	883	738	808	1,969	926	-168	752
Depreciation Expense	94	101	117	142	178	204	205	195	183	180
Non-Cash Adjustments to Reconcile Net Income	54	-327	-141	-143	16	288	-802	-46	1,459	112
Changes in Operating Assets and Liabilities, net	17	12	21	-53	185	-68	-294	-372	-173	146
Net Cash From Investing Activities	-665	-1,006	-974	-2,899	-1,433	-860	-848	-376	-244	68
Net Cash From Continuing Investing Activities	-665	-1,006	-974	-2,899	-1,433	-860	-848	-376	-244	68
Purchase of Property, Leasehold Improvements and Equipment	-125	-148	-112	-103	-124	-115	-109	-193	-164	-69
Purchase of Investment Securities	-4,821	-3,987	-6,186	-6,175	-5,157	-4,702	-6,173	-2,935	-3,233	-4,428
Sale and/or Maturity of Investments	4,281	3,105	5,323	3,379	3,856	3,952	5,456	2,769	3,162	4,607
Other Investing Activities, net	-	23	-	-	-7.40	5.50	-22	-17	-8.30	-41
Net Cash From Financing Activities	-52	470	169	1,540	201	-286	117	-967	-585	-1,662
Net Cash From Continuing Financing Activities	-52	470	169	1,540	201	-286	117	-967	-585	-1,662
Issuance of Debt	2,587	1,357	2,812	2,795	3,349	1,268	3,412	30	703	3,758
Repayment of Debt	-1,584	-185	-2,452	-1,061	-2,170	-813	-2,509	-605	-452	-4,681
Repurchase of Common Equity	-624	-535	-64	-52	-470	-47	-61	-245	-188	-79
Payment of Dividends	-455	-460	-472	-491	-653	-594	-545	-572	-595	-608
Other Financing Activities, Net	24	294	344	349	145	-99	-180	424	-54	-51
Cash Interest Paid	68	81	85	101	99	93	86	67	68	54
Cash Interest Received	8.80	5.80	3.10	8.90	9.20	2.70	0.70	8.70	31	36
Cash Income Taxes Paid	389	299	257	322	194	224	432	301	195	236

This table details how cash moves in and out of Invesco's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	144	158	-232	66	295	342	-490	122	57	-93	353
Net Cash From Operating Activities	492	464	-99	331	354	714	-54	489	438	317	-85
Net Cash From Continuing Operating Activities	492	464	-99	331	354	714	-54	489	438	317	-85
Net Income / (Loss) Continuing Operations	168	301	166	164	169	-667	214	196	104	239	267
Consolidated Net Income / (Loss)	168	301	166	164	169	-667	214	196	104	239	267
Depreciation Expense	48	49	47	47	42	46	45	46	44	44	42
Non-Cash Adjustments to Reconcile Net Income	48	-41	86	-142	-61	1,576	11	55	-23	69	124
Changes in Operating Assets and Liabilities, net	228	155	-397	261	204	-241	-324	192	314	-35	-518
Net Cash From Investing Activities	-82	-138	46	-95	67	-262	-287	345	28	-17	-92
Net Cash From Continuing Investing Activities	-82	-138	46	-95	67	-262	-287	345	28	-17	-92
Purchase of Property, Leasehold Improvements and Equipment	-63	-73	-38	-47	-39	-40	-21	-27	-28	7.00	-23
Purchase of Investment Securities	-680	-426	-603	-650	-814	-1,166	-509	-1,191	-1,529	-1,198	-829
Sale and/or Maturity of Investments	661	382	698	602	920	943	245	1,602	1,585	1,174	761
Other Investing Activities, net	-0.30	-21	-11	-	0.10	2.20	-1.70	-40	0.20	-	0.00
Net Cash From Financing Activities	-266	-168	-179	-171	-126	-110	-148	-712	-409	-393	529
Net Cash From Continuing Financing Activities	-266	-168	-179	-171	-126	-110	-148	-712	-409	-393	529
Issuance of Debt	-31	-24	40	212	293	158	1,305	439	528	1,487	1,892
Repayment of Debt	-186	-1.20	-5.20	-23	-288	-136	-1,339	-937	-720	-1,685	-1,135
Repurchase of Common Equity	-5.70	-4.60	-28	-152	-3.90	-4.40	-20	-2.70	-30	-26	-43
Payment of Dividends	-145	-145	-145	-151	-149	-149	-149	-152	-155	-152	-152
Other Financing Activities, Net	101	6.80	-40	-58	23	21	56	-59	-32	-17	-33

This table presents Invesco's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	25,073	25,734	31,669	30,978	39,420	36,504	32,686	29,757	28,934	27,009
Cash and Due from Banks	2,215	2,070	2,518	1,148	1,701	1,710	2,147	1,434	1,469	987
Trading Account Securities	1,019	795	675	614	830	827	926	997	919	1,240
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	427	465	491	469	584	564	518	561	600	479
Goodwill	6,176	6,129	6,591	7,157	8,509	8,916	8,883	8,558	8,692	8,318
Intangible Assets	1,354	1,399	1,559	2,176	7,358	7,306	7,228	7,141	5,848	5,749
Other Assets	7,831	6,651	7,392	7,373	9,603	9,599	11,090	10,397	11,406	10,236
Total Liabilities & Shareholders' Equity	25,073	25,734	31,669	30,978	39,420	36,504	32,686	29,757	28,934	27,009
Total Liabilities	16,210	17,839	22,470	21,646	24,719	21,483	16,007	12,915	13,018	11,340
Long-Term Debt	7,510	6,506	6,876	7,635	8,315	8,797	9,421	8,078	9,103	7,744
Other Long-Term Liabilities	563	983	1,670	714	2,479	2,112	4,692	3,307	3,914	3,596
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	167	284	243	396	384	212	511	999	746	545
Total Equity & Noncontrolling Interests	8,696	7,612	8,956	8,936	14,318	14,809	16,168	15,844	15,170	15,124
Total Preferred & Common Equity	7,885	7,504	8,696	8,579	13,863	14,362	15,496	15,214	14,598	14,560
Preferred Stock	-	-	-	0.00	4,011	4,011	4,011	4,011	4,011	4,011
Total Common Equity	7,885	7,504	8,696	8,579	9,852	10,351	11,485	11,203	10,587	10,549
Common Stock	6,296	6,326	6,380	6,433	7,974	7,925	7,801	7,668	7,565	7,448
Retained Earnings	4,440	4,833	5,489	5,885	5,918	6,085	7,169	7,518	6,827	6,990
Treasury Stock	-2,404	-2,846	-2,782	-3,004	-3,453	-3,254	-3,044	-3,041	-3,003	-2,853
Accumulated Other Comprehensive Income / (Loss)	-446	-809	-391	-735	-587	-405	-442	-942	-802	-1,036
Noncontrolling Interest	810	108	260	357	456	447	672	630	573	564

This table presents Invesco's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	29,272	29,757	29,733	29,458	29,432	28,934	28,077	27,168	27,503	27,009	28,144
Cash and Due from Banks	1,226	1,434	1,215	1,287	1,555	1,469	1,426	1,541	1,639	987	822
Trading Account Securities	907	997	981	992	933	919	964	980	1,129	1,240	1,076
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	504	561	573	585	586	600	584	574	580	479	458
Goodwill	8,406	8,558	8,603	8,675	8,569	8,692	8,621	8,606	8,730	8,318	8,373
Intangible Assets	7,146	7,141	7,131	7,118	7,100	5,848	5,832	5,819	5,817	5,749	5,747
Other Assets	10,329	10,397	10,583	10,356	10,280	11,406	10,651	9,647	9,607	10,236	11,668
Total Liabilities & Shareholders' Equity	29,272	29,757	29,733	29,458	29,432	28,934	28,077	27,168	27,503	27,009	28,144
Total Liabilities	12,768	12,915	12,924	12,749	12,840	13,018	12,224	11,402	11,596	11,340	12,356
Other Short-Term Payables	2,013	861	435	571	2,025	-	1,774	1,953	2,342	-	543
Long-Term Debt	8,036	8,078	8,262	8,373	8,471	9,103	8,628	7,561	7,453	7,744	9,069
Other Long-Term Liabilities	1,966	3,307	3,578	3,362	1,936	3,914	1,823	1,888	1,801	3,596	2,744
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	990	999	880	842	754	746	668	569	581	545	546
Total Equity & Noncontrolling Interests	15,513	15,844	15,930	15,867	15,838	15,170	15,185	15,197	15,326	15,124	15,242
Total Preferred & Common Equity	14,904	15,214	15,343	15,329	15,254	14,598	14,555	14,585	14,754	14,560	14,699
Preferred Stock	4,011	4,011	4,011	4,011	4,011	4,011	4,011	4,011	4,011	4,011	4,011
Total Common Equity	10,893	11,203	11,333	11,318	11,243	10,587	10,544	10,575	10,744	10,549	10,688
Common Stock	7,660	7,668	7,526	7,546	7,556	7,565	7,428	7,430	7,438	7,448	7,349
Retained Earnings	7,416	7,518	7,578	7,618	7,659	6,827	6,878	6,917	6,874	6,990	7,069
Treasury Stock	-3,052	-3,041	-2,888	-3,027	-3,011	-3,003	-2,864	-2,850	-2,832	-2,853	-2,782
Accumulated Other Comprehensive Income / (Loss)	-1,131	-942	-883	-818	-961	-802	-897	-922	-737	-1,036	-948
Noncontrolling Interest	609	630	587	538	584	573	630	612	572	564	543

This table displays calculated financial ratios and metrics derived from Invesco's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.20%	-7.19%	-100.67%	16,581.82%	-102.04%	5,841.04%	-101.13%	8,715.97%	-4.92%	6.57%
EBITDA Growth	0.05%	-11.09%	19.33%	-17.19%	-19.67%	23.75%	91.18%	-39.32%	-115.20%	587.61%
EBIT Growth	-0.25%	-12.41%	19.66%	-20.37%	-25.24%	25.66%	108.37%	-42.49%	-131.79%	324.61%
NOPAT Growth	-2.05%	-10.85%	35.08%	-23.94%	-26.94%	25.15%	117.28%	-45.84%	-130.00%	340.15%
Net Income Growth	-3.70%	-9.94%	33.71%	-23.94%	-16.45%	9.45%	143.89%	-53.01%	-118.17%	547.32%
EPS Growth	-0.44%	-8.85%	33.50%	-22.18%	-40.19%	-11.72%	164.60%	-50.17%	-148.99%	261.64%
Operating Cash Flow Growth	-6.00%	-42.04%	77.03%	-28.42%	34.72%	10.18%	-12.37%	-34.77%	84.98%	-8.52%
Free Cash Flow Firm Growth	315.49%	369.54%	-118.10%	98.11%	-55,614.38%	100.13%	-7,865.56%	503.38%	-118.04%	696.35%
Invested Capital Growth	2.26%	-12.04%	11.62%	5.55%	35.65%	3.48%	9.58%	-4.52%	0.40%	-6.42%
Revenue Q/Q Growth	2.04%	-0.28%	-100.51%	568.02%	-101.91%	27,822.52%	-101.01%	-6.87%	2,340.73%	552.90%
EBITDA Q/Q Growth	1.43%	1.84%	-41.81%	464.71%	7.21%	28.81%	-1.90%	-21.01%	-118.93%	621.30%
EBIT Q/Q Growth	1.30%	1.94%	-43.93%	1,215.72%	6.67%	36.16%	-1.95%	-23.38%	-140.70%	333.44%
NOPAT Q/Q Growth	-3.22%	1.72%	-55.94%	278.55%	4.54%	12.26%	0.66%	-19.59%	-135.64%	498.16%
Net Income Q/Q Growth	-3.13%	2.76%	-56.59%	274.18%	25.05%	12.26%	12.98%	-21.69%	-121.03%	590.48%
EPS Q/Q Growth	-5.83%	4.04%	0.00%	0.00%	9.40%	0.00%	0.00%	-25.13%	-155.73%	229.67%
Operating Cash Flow Q/Q Growth	52.78%	-43.36%	36.99%	-20.83%	33.56%	10.84%	-34.64%	197.97%	23.89%	-25.03%
Free Cash Flow Firm Q/Q Growth	200.00%	-9.59%	-134.57%	99.63%	-30.34%	101.63%	6.21%	-4.31%	-238.87%	49.68%
Invested Capital Q/Q Growth	-0.11%	2.10%	5.36%	-2.36%	3.96%	2.32%	2.02%	1.55%	-0.17%	0.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	28.57%	27.37%	0.00%	24.35%	0.00%	20.68%	0.00%	24.66%	-3.94%	18.03%
EBIT Margin	26.73%	25.23%	0.00%	21.65%	0.00%	17.37%	0.00%	21.39%	-7.15%	15.07%
Profit (Net Income) Margin	18.90%	18.34%	0.00%	16.80%	0.00%	13.12%	0.00%	15.46%	-2.95%	12.40%
Tax Burden Percent	70.78%	71.96%	81.23%	77.59%	75.84%	75.53%	78.76%	74.18%	70.70%	74.84%
Interest Burden Percent	99.89%	101.02%	100.00%	100.00%	114.35%	100.00%	112.25%	97.39%	58.42%	109.92%
Effective Tax Rate	29.22%	28.04%	18.77%	22.41%	24.16%	24.47%	21.24%	25.82%	0.00%	25.16%
Return on Invested Capital (ROIC)	5.95%	5.59%	0.00%	5.35%	0.00%	3.45%	0.00%	3.73%	-1.14%	2.83%
ROIC Less NNEP Spread (ROIC-NNEP)	5.95%	5.71%	0.00%	5.35%	0.00%	3.45%	0.00%	3.44%	0.22%	3.63%
Return on Net Nonoperating Assets (RNNOA)	4.67%	4.78%	0.00%	4.19%	0.00%	1.99%	0.00%	1.80%	0.11%	1.94%
Return on Equity (ROE)	10.62%	10.36%	13.58%	9.53%	6.14%	5.43%	12.43%	5.52%	-1.03%	4.76%
Cash Return on Invested Capital (CROIC)	3.72%	18.40%	-3.36%	-0.06%	-27.03%	0.03%	-2.12%	8.35%	-1.54%	9.46%
Operating Return on Assets (OROA)	5.99%	4.70%	0.00%	3.63%	0.00%	2.82%	0.00%	4.10%	-1.39%	3.27%
Return on Assets (ROA)	4.24%	3.42%	0.00%	2.82%	0.00%	2.13%	0.00%	2.96%	-0.57%	2.69%
Return on Common Equity (ROCE)	9.49%	9.52%	12.87%	8.88%	4.71%	3.69%	8.56%	3.74%	-0.68%	3.19%
Return on Equity Simple (ROE_SIMPLE)	12.23%	11.57%	13.35%	10.29%	5.32%	5.62%	12.71%	6.08%	-1.15%	5.17%
Net Operating Profit after Tax (NOPAT)	964	860	1,161	883	645	808	1,755	950	-285	685
NOPAT Margin	18.90%	18.15%	0.00%	16.80%	0.00%	13.12%	0.00%	15.87%	-5.01%	11.28%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.13%	0.00%	0.00%	-1.16%	0.00%	-2.36%	0.28%	-1.36%	-0.81%
SG&A Expenses to Revenue	35.74%	38.26%	0.00%	38.79%	0.00%	39.05%	0.00%	37.85%	42.47%	42.35%
Operating Expenses to Revenue	73.27%	74.97%	0.00%	78.35%	0.00%	82.63%	0.00%	78.61%	107.15%	84.93%
Earnings before Interest and Taxes (EBIT)	1,364	1,194	1,429	1,138	851	1,069	2,228	1,281	-407	915
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,457	1,296	1,546	1,280	1,028	1,273	2,433	1,476	-224	1,094
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.24	1.18	1.27	0.62	0.69	0.68	0.83	0.65	0.71	0.74
Price to Tangible Book Value (P/TBV)	27.46	0.00	20.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.91	1.87	0.00	1.01	0.00	1.15	0.00	1.22	1.32	1.28
Price to Earnings (P/E)	10.09	10.37	9.77	6.04	11.98	13.44	6.80	10.71	0.00	14.44
Dividend Yield	4.60%	5.12%	4.25%	9.18%	8.25%	5.05%	3.24%	5.71%	4.69%	4.71%
Earnings Yield	9.92%	9.64%	10.24%	16.55%	8.35%	7.44%	14.70%	9.34%	0.00%	6.93%
Enterprise Value to Invested Capital (EV/IC)	0.98	0.95	0.99	0.70	0.79	0.79	0.84	0.79	0.82	0.84
Enterprise Value to Revenue (EV/Rev)	3.14	2.89	0.00	2.27	0.00	3.06	0.00	3.27	3.60	3.24
Enterprise Value to EBITDA (EV/EBITDA)	11.01	10.57	10.26	9.31	17.72	14.78	9.02	13.28	0.00	17.95
Enterprise Value to EBIT (EV/EBIT)	11.76	11.46	11.10	10.47	21.42	17.59	9.85	15.31	0.00	21.48
Enterprise Value to NOPAT (EV/NOPAT)	16.63	15.93	13.67	13.49	28.25	23.29	12.51	20.63	0.00	28.70
Enterprise Value to Operating Cash Flow (EV/OCF)	14.21	20.93	13.71	14.38	16.32	15.29	20.36	27.88	15.76	16.51
Enterprise Value to Free Cash Flow (EV/FCFF)	26.59	4.83	0.00	0.00	0.00	2,766.21	0.00	9.21	0.00	8.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	0.82	0.75	0.82	0.57	0.59	0.56	0.48	0.57	0.49
Long-Term Debt to Equity	0.85	0.82	0.75	0.82	0.57	0.59	0.56	0.48	0.57	0.49
Financial Leverage	0.78	0.84	0.78	0.78	0.66	0.58	0.57	0.52	0.52	0.53
Leverage Ratio	2.51	3.03	3.36	3.38	2.93	2.55	2.18	1.86	1.79	1.77
Compound Leverage Factor	2.51	3.06	3.36	3.38	3.35	2.55	2.45	1.81	1.05	1.95
Debt to Total Capital	45.87%	45.17%	42.77%	45.00%	36.13%	36.93%	36.10%	32.42%	36.39%	33.08%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	45.87%	45.17%	42.77%	45.00%	36.13%	36.93%	36.10%	32.42%	36.39%	33.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	17.42%	16.84%	15.37%	16.09%	16.03%	17.13%
Noncontrolling Interests to Total Capital	5.97%	2.72%	3.13%	4.44%	3.65%	2.77%	4.53%	6.54%	5.27%	4.74%
Common Equity to Total Capital	48.16%	52.11%	54.10%	50.56%	42.80%	43.46%	44.01%	44.96%	42.32%	45.06%
Debt to EBITDA	5.15	5.02	4.45	5.96	8.09	6.91	3.87	5.47	-40.57	7.08
Net Debt to EBITDA	3.63	3.42	2.82	4.55	6.43	5.57	2.99	4.50	-34.02	6.18
Long-Term Debt to EBITDA	5.15	5.02	4.45	5.96	8.09	6.91	3.87	5.47	-40.57	7.08
Debt to NOPAT	7.79	7.57	5.92	8.65	12.89	10.89	5.37	8.50	-31.94	11.31
Net Debt to NOPAT	5.49	5.16	3.75	6.60	10.25	8.78	4.15	6.99	-26.78	9.87
Long-Term Debt to NOPAT	7.79	7.57	5.92	8.65	12.89	10.89	5.37	8.50	-31.94	11.31
Noncontrolling Interest Sharing Ratio	10.67%	8.17%	5.23%	6.78%	23.31%	32.03%	31.11%	32.32%	33.48%	33.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	603	2,831	-512	-9.70	-5,404	6.80	-528	2,130	-384	2,291
Operating Cash Flow to CapEx	906.35%	442.79%	1,036.53%	808.59%	898.31%	1,069.83%	990.90%	364.54%	791.72%	1,722.14%
Free Cash Flow to Firm to Interest Expense	7.38	0.00	-5.41	-0.09	-39.83	0.05	-5.58	25.00	-5.45	39.51
Operating Cash Flow to Interest Expense	13.81	0.00	12.21	7.43	8.23	9.52	11.38	8.25	18.45	20.52
Operating Cash Flow Less CapEx to Interest Expense	12.29	0.00	11.03	6.51	7.31	8.63	10.24	5.99	16.12	19.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.22	0.19	0.00	0.17	0.00	0.16	0.00	0.19	0.19	0.22
Fixed Asset Turnover	12.30	10.62	0.00	10.96	0.00	10.73	0.00	11.10	9.81	11.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,373	14,401	16,074	16,967	23,017	23,817	26,100	24,920	25,019	23,413
Invested Capital Turnover	0.32	0.31	0.00	0.32	0.00	0.26	0.00	0.23	0.23	0.25
Increase / (Decrease) in Invested Capital	361	-1,972	1,673	893	6,050	801	2,283	-1,180	99	-1,607
Enterprise Value (EV)	16,037	13,689	15,869	11,917	18,228	18,810	21,945	19,608	20,506	19,645
Market Capitalization	9,764	8,862	11,008	5,334	6,764	7,054	9,478	7,325	7,543	7,769
Book Value per Share	$18.60	$18.37	$21.36	$20.86	$21.71	$22.54	$24.90	$24.63	$23.55	$23.47
Tangible Book Value per Share	$0.84	($0.06)	$1.34	($1.83)	($13.25)	($12.78)	($10.03)	($9.89)	($8.79)	($7.83)
Total Capital	16,373	14,401	16,074	16,967	23,017	23,817	26,100	24,920	25,019	23,413
Total Debt	7,510	6,506	6,876	7,635	8,315	8,797	9,421	8,078	9,103	7,744
Total Long-Term Debt	7,510	6,506	6,876	7,635	8,315	8,797	9,421	8,078	9,103	7,744
Net Debt	5,295	4,435	4,358	5,829	6,614	7,087	7,274	6,644	7,634	6,757
Capital Expenditures (CapEx)	125	148	112	103	124	115	109	193	164	69
Net Nonoperating Expense (NNE)	0.00	-8.78	0.00	0.00	-93	0.00	-215	25	-117	-68
Net Nonoperating Obligations (NNO)	7,510	6,506	6,876	7,635	8,315	8,797	9,421	8,078	9,103	7,744
Total Depreciation and Amortization (D&A)	94	101	117	142	178	204	205	195	183	180
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.26	$2.06	$2.75	$2.14	$1.29	$1.14	$3.01	$1.50	($0.73)	$1.18
Adjusted Weighted Average Basic Shares Outstanding	416.42M	403.84M	407.15M	397.07M	453.40M	459.07M	460.75M	454.75M	449.20M	447.60M
Adjusted Diluted Earnings per Share	$2.26	$2.06	$2.75	$2.14	$1.28	$1.13	$2.99	$1.49	($0.73)	$1.18
Adjusted Weighted Average Diluted Shares Outstanding	416.42M	403.84M	407.15M	397.07M	453.40M	459.07M	460.75M	454.75M	449.20M	447.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.29	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	416.42M	403.84M	407.15M	397.07M	453.40M	459.07M	460.75M	454.75M	449.20M	447.60M
Normalized Net Operating Profit after Tax (NOPAT)	945	886	1,132	966	-3,637	952	-4,128	948	-291	623
Normalized NOPAT Margin	18.52%	18.71%	0.00%	18.38%	0.00%	15.46%	0.00%	15.83%	-5.11%	10.27%
Pre Tax Income Margin	26.70%	25.49%	0.00%	21.65%	0.00%	17.37%	0.00%	20.84%	-4.18%	16.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.69	0.00	15.08	10.21	6.27	8.27	23.52	15.04	-5.78	15.77
NOPAT to Interest Expense	11.80	0.00	12.25	7.92	4.75	6.25	18.53	11.15	-4.04	11.80
EBIT Less CapEx to Interest Expense	15.17	0.00	13.90	9.29	5.35	7.38	22.37	12.77	-8.11	14.58
NOPAT Less CapEx to Interest Expense	10.28	0.00	11.07	7.00	3.84	5.36	17.38	8.89	-6.37	10.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.14%	53.02%	40.62%	55.55%	88.47%	73.59%	27.65%	61.76%	-353.57%	80.85%
Augmented Payout Ratio	111.83%	114.64%	46.12%	61.42%	152.14%	79.42%	30.74%	88.20%	-465.04%	91.39%

This table displays calculated financial ratios and metrics derived from Invesco's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.06%	127.97%	-11.69%	-2.33%	2.00%	-6.88%	7.51%	1.62%	-100.17%	123.54%	3.78%
EBITDA Growth	-58.85%	-22.75%	-31.02%	-34.16%	-10.17%	-346.35%	28.58%	10.46%	-41.70%	130.03%	37.13%
EBIT Growth	-62.78%	-24.78%	-34.97%	-38.18%	-9.84%	-392.69%	35.81%	13.05%	-50.13%	124.50%	45.61%
NOPAT Growth	-69.15%	-46.01%	-38.30%	-43.07%	0.24%	-317.24%	46.19%	19.16%	-51.46%	136.53%	49.04%
Net Income Growth	-69.15%	-46.01%	-30.19%	-24.90%	0.24%	-321.78%	29.19%	19.16%	-38.59%	135.78%	24.79%
EPS Growth	-45.07%	-54.95%	-25.58%	11.54%	-25.64%	-497.56%	-3.13%	0.00%	-58.62%	128.22%	22.58%
Operating Cash Flow Growth	-18.14%	12,627.03%	73.65%	169.13%	-28.03%	54.11%	44.99%	47.63%	23.81%	-55.63%	-55.51%
Free Cash Flow Firm Growth	168.88%	185.81%	165.80%	198.01%	-129.22%	-150.83%	-21.91%	1,030.36%	603.72%	345.21%	-113.57%
Invested Capital Growth	-4.08%	-4.52%	-3.41%	-0.03%	2.13%	0.40%	-2.36%	-7.00%	-6.79%	-6.42%	1.54%
Revenue Q/Q Growth	-6.02%	3.82%	130.77%	4.46%	-1.86%	-5.21%	134.54%	-1.26%	-100.17%	122,512.00%	-50.09%
EBITDA Q/Q Growth	-28.06%	34.36%	-37.34%	8.70%	-1.84%	-468.44%	131.05%	-6.62%	-48.19%	89.79%	29.85%
EBIT Q/Q Growth	-31.41%	40.53%	-41.90%	10.37%	0.04%	-556.22%	125.65%	-8.13%	-55.87%	124.15%	35.98%
NOPAT Q/Q Growth	-41.72%	78.73%	-51.29%	12.20%	2.62%	-487.34%	132.78%	-8.54%	-58.20%	191.47%	13.51%
Net Income Q/Q Growth	-23.12%	78.73%	-44.88%	-0.84%	2.62%	-495.44%	132.11%	-8.54%	-47.12%	130.41%	11.98%
EPS Q/Q Growth	50.00%	5.13%	-21.95%	-9.38%	0.00%	-662.07%	119.02%	-6.45%	-58.62%	283.33%	-17.39%
Operating Cash Flow Q/Q Growth	299.68%	-5.79%	-121.34%	434.98%	6.88%	101.72%	-107.62%	999.08%	-10.37%	-27.71%	-126.70%
Free Cash Flow Firm Q/Q Growth	788.53%	22.10%	-30.32%	-83.27%	-305.27%	-112.43%	409.23%	142.15%	-8.52%	3.41%	-105.69%
Invested Capital Q/Q Growth	-2.19%	1.55%	0.61%	0.04%	-0.08%	-0.17%	-0.19%	-4.71%	0.14%	0.23%	6.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	21.40%	27.69%	18.11%	18.84%	18.85%	-73.26%	21.66%	20.48%	0.00%	9.84%	25.61%
EBIT Margin	18.02%	24.39%	14.79%	15.62%	15.92%	-76.65%	18.68%	17.38%	0.00%	8.40%	22.89%
Profit (Net Income) Margin	11.89%	20.46%	11.77%	11.17%	11.68%	-48.73%	14.14%	13.10%	0.00%	7.80%	17.50%
Tax Burden Percent	65.97%	77.05%	70.34%	71.51%	73.35%	71.46%	75.72%	75.38%	71.40%	75.20%	77.50%
Interest Burden Percent	100.00%	108.90%	113.15%	100.00%	100.00%	88.96%	100.00%	100.00%	126.50%	123.45%	98.66%
Effective Tax Rate	34.03%	22.95%	29.66%	28.49%	26.65%	0.00%	24.28%	24.62%	28.60%	24.80%	22.50%
Return on Invested Capital (ROIC)	3.05%	4.80%	0.00%	0.00%	0.00%	-10.88%	0.05%	0.06%	0.00%	1.95%	4.40%
ROIC Less NNEP Spread (ROIC-NNEP)	3.05%	4.80%	0.00%	0.00%	0.00%	-11.04%	0.05%	0.06%	0.00%	1.95%	4.36%
Return on Net Nonoperating Assets (RNNOA)	1.61%	2.51%	0.00%	0.00%	0.00%	-5.79%	0.02%	0.03%	0.00%	1.04%	2.44%
Return on Equity (ROE)	4.66%	7.31%	5.08%	4.79%	4.83%	-16.68%	0.07%	0.09%	-0.94%	3.00%	6.84%
Cash Return on Invested Capital (CROIC)	8.88%	8.35%	6.82%	3.22%	1.12%	-1.54%	1.85%	6.79%	6.32%	9.46%	1.61%
Operating Return on Assets (OROA)	3.73%	4.68%	0.00%	0.00%	0.00%	-14.87%	0.05%	0.07%	0.00%	1.82%	4.99%
Return on Assets (ROA)	2.46%	3.92%	0.00%	0.00%	0.00%	-9.45%	0.04%	0.05%	0.00%	1.69%	3.81%
Return on Common Equity (ROCE)	3.12%	4.95%	3.43%	3.21%	3.23%	-11.09%	0.05%	0.06%	-0.64%	2.01%	4.59%
Return on Equity Simple (ROE_SIMPLE)	7.93%	0.00%	5.56%	5.21%	5.24%	0.00%	-0.82%	-0.61%	-1.04%	0.00%	5.48%
Net Operating Profit after Tax (NOPAT)	168	301	147	164	169	-653	214	196	82	239	271
NOPAT Margin	11.89%	20.46%	10.40%	11.17%	11.68%	-47.73%	14.14%	13.10%	0.00%	7.80%	17.74%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	-0.22%	0.00%	0.00%	0.16%	0.00%	0.00%	-0.27%	0.00%	0.04%
SG&A Expenses to Revenue	41.07%	35.52%	42.09%	41.55%	42.15%	44.18%	40.17%	39.40%	0.00%	19.89%	38.99%
Operating Expenses to Revenue	81.98%	75.61%	87.07%	84.38%	84.08%	176.65%	81.32%	82.62%	0.00%	91.60%	77.11%
Earnings before Interest and Taxes (EBIT)	255	359	208	230	230	-1,049	283	260	115	257	350
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	303	407	255	277	272	-1,003	328	306	159	301	391
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.53	0.65	0.62	0.65	0.55	0.71	0.71	0.64	0.74	0.74	0.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.90	1.22	0.00	0.00	0.00	1.32	89.75	62.89	0.00	1.28	1.11
Price to Earnings (P/E)	6.28	10.71	11.21	11.36	10.35	0.00	0.00	0.00	0.00	14.44	11.96
Dividend Yield	5.61%	5.71%	6.02%	5.96%	6.99%	4.69%	4.82%	5.38%	4.61%	4.71%	5.41%
Earnings Yield	15.92%	9.34%	8.92%	8.80%	9.66%	0.00%	0.00%	0.00%	0.00%	6.93%	8.36%
Enterprise Value to Invested Capital (EV/IC)	0.74	0.79	0.78	0.79	0.74	0.82	0.82	0.77	0.81	0.84	0.81
Enterprise Value to Revenue (EV/Rev)	2.83	3.27	0.00	0.00	0.00	3.60	240.30	167.67	0.00	3.24	3.29
Enterprise Value to EBITDA (EV/EBITDA)	9.75	13.28	14.68	16.26	15.55	0.00	0.00	0.00	0.00	17.95	16.78
Enterprise Value to EBIT (EV/EBIT)	10.90	15.31	17.15	19.28	18.43	0.00	0.00	0.00	0.00	21.48	19.66
Enterprise Value to NOPAT (EV/NOPAT)	15.41	20.63	22.96	24.74	23.06	0.00	0.00	0.00	0.00	28.70	26.05
Enterprise Value to Operating Cash Flow (EV/OCF)	77.19	27.88	20.01	16.65	17.56	15.76	14.84	11.94	11.89	16.51	17.36
Enterprise Value to Free Cash Flow (EV/FCFF)	8.18	9.21	11.27	24.49	66.63	0.00	43.60	10.92	12.33	8.57	50.72
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.48	0.49	0.50	0.51	0.57	0.54	0.48	0.47	0.49	0.57
Long-Term Debt to Equity	0.49	0.48	0.49	0.50	0.51	0.57	0.54	0.48	0.47	0.49	0.57
Financial Leverage	0.53	0.52	0.52	0.50	0.50	0.52	0.52	0.49	0.49	0.53	0.56
Leverage Ratio	1.89	1.86	1.83	1.79	1.77	1.79	1.77	1.74	1.75	1.77	1.78
Compound Leverage Factor	1.89	2.03	2.07	1.79	1.77	1.59	1.77	1.74	2.22	2.19	1.75
Debt to Total Capital	32.75%	32.42%	32.95%	33.38%	33.80%	36.39%	35.24%	32.41%	31.91%	33.08%	36.49%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.75%	32.42%	32.95%	33.38%	33.80%	36.39%	35.24%	32.41%	31.91%	33.08%	36.49%
Preferred Equity to Total Capital	16.34%	16.09%	16.00%	15.99%	16.00%	16.03%	16.38%	17.19%	17.17%	17.13%	16.13%
Noncontrolling Interests to Total Capital	6.52%	6.54%	5.85%	5.50%	5.34%	5.27%	5.30%	5.06%	4.93%	4.74%	4.38%
Common Equity to Total Capital	44.39%	44.96%	45.20%	45.13%	44.86%	42.32%	43.07%	45.33%	45.99%	45.06%	43.00%
Debt to EBITDA	4.30	5.47	6.19	6.88	7.14	-40.57	-68.80	-78.44	-35.51	7.08	7.56
Net Debt to EBITDA	3.64	4.50	5.28	5.83	5.83	-34.02	-57.44	-62.45	-27.70	6.18	6.87
Long-Term Debt to EBITDA	4.30	5.47	6.19	6.88	7.14	-40.57	-68.80	-78.44	-35.51	7.08	7.56
Debt to NOPAT	6.80	8.50	9.68	10.48	10.59	-31.94	-64.63	-67.22	-43.35	11.31	11.73
Net Debt to NOPAT	5.76	6.99	8.25	8.87	8.65	-26.78	-53.95	-53.52	-33.82	9.87	10.67
Long-Term Debt to NOPAT	6.80	8.50	9.68	10.48	10.59	-31.94	-64.63	-67.22	-43.35	11.31	11.73
Noncontrolling Interest Sharing Ratio	33.00%	32.32%	32.53%	32.86%	33.11%	33.48%	33.02%	32.58%	32.34%	33.08%	32.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,213	1,481	1,032	173	-354	-753	806	1,951	1,785	1,846	-105
Operating Cash Flow to CapEx	784.69%	634.06%	-259.58%	709.42%	903.32%	1,772.46%	-259.05%	1,831.84%	1,543.66%	0.00%	-361.54%
Free Cash Flow to Firm to Interest Expense	65.19	84.13	57.32	9.38	-20.48	-44.80	50.67	119.69	133.19	148.84	-8.01
Operating Cash Flow to Interest Expense	26.45	26.34	-5.49	18.01	20.47	42.52	-3.42	30.01	32.72	25.56	-6.46
Operating Cash Flow Less CapEx to Interest Expense	23.08	22.18	-7.61	15.47	18.20	40.12	-4.74	28.37	30.60	26.12	-8.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.19	0.00	0.00	0.00	0.19	0.00	0.00	0.00	0.22	0.22
Fixed Asset Turnover	12.65	11.10	0.00	0.00	0.00	9.81	0.14	0.18	0.00	11.25	11.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	24,539	24,920	25,072	25,082	25,062	25,019	24,481	23,327	23,360	23,413	24,857
Invested Capital Turnover	0.26	0.23	0.00	0.00	0.00	0.23	0.00	0.00	0.00	0.25	0.25
Increase / (Decrease) in Invested Capital	-1,044	-1,180	-885	-8.20	523	99	-592	-1,755	-1,703	-1,607	376
Enterprise Value (EV)	18,217	19,608	19,602	19,777	18,437	20,506	19,969	17,940	18,879	19,645	20,137
Market Capitalization	5,796	7,325	7,077	7,301	6,174	7,543	7,458	6,729	7,903	7,769	6,790
Book Value per Share	$23.94	$24.63	$24.92	$24.70	$25.06	$23.55	$23.44	$23.51	$23.87	$23.47	$23.88
Tangible Book Value per Share	($10.24)	($9.89)	($9.68)	($9.77)	($9.86)	($8.79)	($8.69)	($8.56)	($8.45)	($7.83)	($7.67)
Total Capital	24,539	24,920	25,072	25,082	25,062	25,019	24,481	23,327	23,360	23,413	24,857
Total Debt	8,036	8,078	8,262	8,373	8,471	9,103	8,628	7,561	7,453	7,744	9,069
Total Long-Term Debt	8,036	8,078	8,262	8,373	8,471	9,103	8,628	7,561	7,453	7,744	9,069
Net Debt	6,810	6,644	7,048	7,086	6,916	7,634	7,202	6,020	5,814	6,757	8,248
Capital Expenditures (CapEx)	63	73	38	47	39	40	21	27	28	-7.00	23
Net Nonoperating Expense (NNE)	0.00	0.00	-19	0.00	0.00	14	0.00	0.00	-22	0.00	3.64
Net Nonoperating Obligations (NNO)	8,036	8,078	8,262	8,373	8,471	9,103	8,628	7,561	7,453	7,744	9,069
Total Depreciation and Amortization (D&A)	48	49	47	47	42	46	45	46	44	44	42
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.39	$0.41	$0.32	$0.29	$0.29	($1.63)	$0.31	$0.29	$0.12	$0.46	$0.38
Adjusted Weighted Average Basic Shares Outstanding	454.78M	454.75M	458.17M	448.62M	449.55M	449.20M	449.83M	450.03M	449.44M	447.60M	447.56M
Adjusted Diluted Earnings per Share	$0.39	$0.41	$0.32	$0.29	$0.29	($1.63)	$0.31	$0.29	$0.12	$0.46	$0.38
Adjusted Weighted Average Diluted Shares Outstanding	454.78M	454.75M	458.17M	448.62M	449.55M	449.20M	449.83M	450.03M	449.44M	447.60M	447.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	454.78M	454.75M	458.17M	448.62M	449.55M	449.20M	449.83M	450.03M	449.44M	447.60M	447.56M
Normalized Net Operating Profit after Tax (NOPAT)	211	224	188	166	169	-653	191	165	-1,012	1,383	214
Normalized NOPAT Margin	14.90%	15.20%	13.37%	11.30%	11.68%	-47.73%	12.62%	11.04%	0.00%	45.20%	13.98%
Pre Tax Income Margin	18.02%	26.56%	16.73%	15.62%	15.92%	-68.19%	18.68%	17.38%	0.00%	10.37%	22.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.72	20.37	11.57	12.49	13.29	-62.46	17.79	15.94	8.56	20.73	26.69
NOPAT to Interest Expense	9.05	17.09	8.14	8.93	9.75	-38.90	13.47	12.02	6.11	19.25	20.68
EBIT Less CapEx to Interest Expense	10.34	16.22	9.46	9.96	11.03	-64.86	16.47	14.31	6.44	21.30	24.90
NOPAT Less CapEx to Interest Expense	5.68	12.94	6.02	6.40	7.49	-41.29	12.15	10.38	3.99	19.81	18.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.78%	61.76%	67.87%	73.29%	73.80%	-353.57%	-500.17%	-680.07%	-394.85%	80.85%	75.80%
Augmented Payout Ratio	68.34%	88.20%	72.55%	97.00%	97.27%	-465.04%	-650.58%	-715.63%	-432.46%	91.39%	88.47%

Financials Breakdown Chart

Key Financial Trends

Over the past four years, Invesco (NYSE: IVZ) has demonstrated a mixed financial performance, with some notable positive trends alongside a few challenges.

Net income attributable to common shareholders recovered strongly after a significant loss in Q4 2023 (-$742.3 million), reaching $171.1 million in Q1 2025, showing a positive earnings trend into 2025.
Total revenue remained robust at approximately $1.53 billion in Q1 2025, supported primarily by strong non-interest income ($1.53 billion), signaling solid operational income streams.
Consistent payment of cash dividends to common shareholders, maintaining around $0.20 per share across most recent quarters, indicating steady shareholder returns.
Total assets have remained relatively stable, with $28.14 billion reported in Q1 2025, suggesting sustained asset base.
The balance sheet shows a solid total equity position of ~$15.24 billion in Q1 2025, maintaining a strong equity base to support the business.
Operating cash flows recovered to positive in 2023 and into 2024 but experienced a slight negative swing in Q1 2025 (-$84.6 million), closely monitored for operational liquidity effects.
Long-term debt increased from about $7.74 billion in Q2 2024 to approximately $9.07 billion by Q1 2025, indicating potential increased leverage, which could magnify returns but also risk.
Total non-interest expenses remain high and somewhat volatile, with a notable reduction from $2.8 billion in Q4 2024 down to $1.18 billion in Q1 2025, suggesting ongoing cost management efforts.
The Q4 2023 quarter showed a significant net loss (-$742.3 million), driven by huge other special charges of $1.52 billion, which severely impacted profitability for that period.
Net interest income turned negative in recent quarters (e.g., -$1.8 million in Q1 2025), reflecting higher interest expenses, mainly from long-term debt, which totaled $13.1 million interest expense in Q1 2025, potentially pressuring net income margins.

Summary: Invesco's recent quarters show clear signs of recovery after a particularly difficult Q4 2023, with net income and revenues stabilizing and improving. The company has maintained a strong equity base and stable asset levels. However, rising debt levels and elevated interest expenses are points of caution, as they may impact future profitability and financial flexibility. Investors should watch Invesco’s ongoing cost management initiatives and ability to sustain positive cash flow generation going forward.

10/06/25 09:45 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Invesco's Financials

When does Invesco's fiscal year end?

According to the most recent income statement we have on file, Invesco's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Invesco's net income changed over the last 9 years?

Invesco's net income appears to be on a downward trend, with a most recent value of $752.40 million in 2024, falling from $964.10 million in 2015. The previous period was -$168.20 million in 2023. See where experts think Invesco is headed by visiting Invesco's forecast page.

How has Invesco's revenue changed over the last 9 years?

Over the last 9 years, Invesco's total revenue changed from $5.10 billion in 2015 to $6.07 billion in 2024, a change of 19.0%.

How much debt does Invesco have?

Invesco's total liabilities were at $11.34 billion at the end of 2024, a 12.9% decrease from 2023, and a 30.0% decrease since 2015.

How much cash does Invesco have?

In the past 9 years, Invesco's cash and equivalents has ranged from $986.50 million in 2024 to $2.52 billion in 2017, and is currently $986.50 million as of their latest financial filing in 2024.

How has Invesco's book value per share changed over the last 9 years?

Over the last 9 years, Invesco's book value per share changed from 18.60 in 2015 to 23.47 in 2024, a change of 26.2%.

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This page (NYSE:IVZ) was last updated on 10/6/2025 by MarketBeat.com Staff

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Invesco (IVZ) Financials

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Invesco (IVZ) Financials

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