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Global asset manager offering active and passive funds, including the QQQ (Nasdaq-100) ETF franchise.
Global asset manager offering active and passive funds, including the QQQ (Nasdaq-100) ETF franchise.
Earns annual fees set as a share of assets managed, so income follows market levels and client flows, with ETFs such as QQQ charging lower fee rates than active funds. The 2018 purchase of Guggenheim's ETF business and the 2019 purchase of OppenheimerFunds widened both lines. MassMutual is a large shareholder.
Moat: narrow (brand, network effects, scale). The QQQ ETF's liquidity and brand recognition give a durable franchise even as active fund flows struggle.
Headquarters: Atlanta, Georgia, US · Founded: 1935 · Employees: 7,499
Size Invesco (IVZ) is a United States Financials company (Investment Managers) with a market value of $11.9B, the 698th largest of 3,117 United States companies the cockpit tracks. Shares closed at $27.08 on 6 Nov 2026.
Performance Over six months the shares fell 1.1%, against +7.2% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 17.0% over the last twelve months (peer median +12.4%); the operating margin is 23.6% (peer median 36.2%).
Valuation It trades at 1.18× book value against a peer median of 3.33× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 15.0%; Invesco delivers -0.6%, so the price asks more than the business earns today.
Credit Invesco has 1 bond outstanding ($400M), rated BBB+ by the agencies and trading like BBB at a weighted spread of 112 bp.
Short interest Short interest is 3.7% of the free float (15 Oct 2026).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $7.36B | $6.45B | $6.01B | $5.54B | $5.92B |
| Revenue growth | — | +7% | +8% | -6% | — |
| Gross profit | $4.80B | $4.16B | $3.80B | $3.53B | $3.84B |
| EBITDA | $1.87B | $1.38B | $978M | $892M | $1.32B |
| Net income | -$78.7M | -$282M | $775M | -$96.9M | $921M |
| Free cash flow | $1.80B | $1.44B | $1.29B | $1.14B | $930M |
| Capital expenditure | $100M | $84.3M | $69.1M | $164M | $193M |
| Total debt | $1.28B | $9.78B | $7.55B | $9.04B | $8.56B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Invesco IVZ | $11.9B | -1% | +17% | -1% | 1.18× | 15.0% |
| BlackRock BLK | $192B | +9% | +24% | 11% | 3.44× | 33.2% |
| State Street STT | $45.0B | +11% | +2% | 13% | 1.83× | 19.1% |
| Franklin Resources BEN | $17.1B | +10% | +8% | 6% | 1.46× | 17.3% |
| T. Rowe Price TROW | $23.1B | +4% | +7% | 19% | 2.03× | 21.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IVZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.0% | +3.1% | lowest of 21 |
| 6-month return | -1.1% | +7.2% | 7th lowest of 20 |
| Return on equity | -0.6% | 17.5% | lowest of 21 |
| Price / book | 1.18× | 3.33× | 2nd cheapest of 21 |
| ROE the price implies | 15.0% | 27.5% | 4th least demanding of 21 |
| ROE delivered | -0.6% | 16.6% | lowest of 19 |
| Bond spread | 112 bp | 112 bp | 4th widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Invesco IVZ | United States | $11.9B | -1% | +17% | -1% | 1.18× | 15.0% | -0.6% |
| HDFC Asset Management HDFCAMC.NS | India | $12.0B | -7% | +12% | 36% | 13.19× | 185.0% | 36.4% |
| SEI Investments SEIC | United States | $12.5B | +15% | +13% | 29% | 4.98× | 36.5% | 28.9% |
| iA Financial IAG.TO | Canada | $13.1B | +29% | +13% | 14% | 2.61× | 14.0% | 13.9% |
| SBI Funds Management SBIFUNDS.NS | India | $10.8B | n/a | +21% | 43% | 13.46× | 88.6% | n/a |
| Stifel Financial SF | United States | $10.7B | -7% | +8% | 17% | 2.00× | 16.9% | 16.5% |
| IGM Financial IGM.TO | Canada | $13.3B | +7% | +20% | 13% | 2.03× | 15.5% | 13.4% |
| Guosen Securities 002736.SZ | China | $13.9B | -16% | -10% | 9% | 0.94× | 7.0% | 8.6% |
| Carlyle CG | United States | $14.1B | -22% | -44% | 7% | 2.68× | 32.5% | 6.6% |
| DWS Group GmbH & Co. KGaA DWS.DE | Germany | $14.7B | +7% | +24% | 14% | 1.75× | 15.2% | 14.1% |
| Affiliated Managers AMG | United States | $9.39B | +20% | +12% | 27% | 3.11× | 25.1% | 27.3% |
| ICICI Prudential Asset Management ICICIAMC.NS | India | $15.4B | -11% | +22% | 86% | 27.17× | 196.9% | n/a |
| Blue Owl Capital OWL | United States | $15.4B | -7% | +11% | 4% | 3.54× | 32.4% | 4.5% |
| HealthEquity HQY | United States | $8.57B | +22% | +7% | 11% | 4.32× | 17.5% | 11.4% |
| CVC Capital Partners CVC.AS | Netherlands | $16.9B | +10% | +14% | 68% | 9.59× | 51.2% | 68.3% |
| Franklin Resources BEN | United States | $17.1B | +10% | +8% | 6% | 1.46× | 17.3% | 6.3% |
| VZ Holding AG VZN.SW | Switzerland | $8.03B | +17% | +9% | 23% | 5.44× | 13.2% | 22.6% |
| TPG TPG | United States | $17.9B | +4% | +21% | 17% | 5.97× | 57.7% | 16.6% |
| Banca Generali BGN.MI | Italy | $7.73B | +4% | +17% | 39% | 4.91× | 38.7% | 39.5% |
| Victory Capital VCTR | United States | $7.38B | +40% | +50% | 19% | 3.09× | 26.3% | 19.0% |
| ICG ICG.L | United Kingdom | $7.32B | +2% | +6% | 18% | 1.99× | 28.7% | 18.4% |
Invesco has 1 bond outstanding with $400M face value. The agencies rate it BBB+; its bonds trade like BBB. Weighted yield 6.29%, a spread of 112 bp over government bonds.