Oct 27, 7:01 AM ET
Invesco reported third-quarter 2026 results: operating revenues rose 2.6% from the second quarter to $1,873.2 million, but net income attributable to Invesco Ltd. fell 14.7% to $294.5 million, lowering diluted EPS to $0.65 from $0.76. Adjusted diluted EPS edged up to $0.72 and the company repurchased $1.5 billion of preferred stock held by MassMutual, funded by a new bank term loan.
- Operating revenues of $1,873.2 million, up 2.6% from $1,825.6 million in Q2 2026 and up 14.2% from Q3 2025.
- Net income attributable to Invesco Ltd. of $294.5 million, down 14.7% from $345.3 million in Q2 2026; diluted EPS $0.65 versus $0.76.
- Adjusted diluted EPS of $0.72, up from $0.71 in Q2 2026; adjusted operating margin 40.7%.
- Repurchased $1.5 billion of Series A Preferred Stock held by MassMutual on October 26, 2026, funded by a five-year floating-rate bank term loan; $1 billion remains outstanding.
Read the filing on SEC.gov ↗
Oct 27, 6:40 AM ET
Invesco Ltd. borrowed the full $1.5 billion of an unsecured five-year term loan on October 26, 2026, and used it to repurchase $1.5 billion of its 5.9% preference shares held by MassMutual, a significant shareholder owning about 18.5% of common shares. The repurchase was made at a 12.5% premium to the $1,000 liquidation preference, and MassMutual will keep $1 billion of preferred stock. The loan adds debt that carries financial covenants, so it changes the company's debt load and its obligations ahead of common shareholders.
- $1.5 billion unsecured term loan dated October 26, 2026, maturing October 26, 2031, borrowed in full at closing and guaranteed by Invesco Ltd.
- Proceeds funded repurchase of $1.5 billion of 5.9% Series A Preference Shares from MassMutual at a 12.5% premium to the $1,000 liquidation preference per share.
- Loan interest is Term SOFR or a base rate plus a margin; based on current credit ratings, the SOFR margin would be 1.350%.
- Quarterly covenants require a Debt/EBITDA ratio of no more than 3.25:1.00 and interest coverage of at least 4.00:1.00.
Read the filing on SEC.gov ↗
Aug 31, 5:01 PM ET
Invesco Ltd. said Andrew Lo, Senior Managing Director and Head of Asia Pacific, will retire on March 31, 2027, after 32 years with the firm. Marty Franc, currently CEO for Australia, Greater China and Southeast Asia, will succeed him as head of Asia Pacific during the first quarter of 2027, after a transition period. The filing does not report any financial figures, so the change affects shareholders mainly through leadership of a region the company calls a significant contributor to its global business.
- Andrew Lo retires March 31, 2027, after 32 years with Invesco, and steps down as head of Asia Pacific on a date in Q1 2027 to be determined.
- Marty Franc, who will be based in Hong Kong, has more than 30 years of asset management experience, including 13 years at Invesco.
- Lo will become Chairman Emeritus, Asia Pacific, serving on the China and India joint venture boards and providing strategic counsel; the agreement with Lo has not yet been executed.
- CEO Andrew Schlossberg said Franc is the right leader to build on the Asia Pacific foundation.
Read the filing on SEC.gov ↗
Jul 28, 6:58 AM ET
Invesco reported second-quarter 2026 operating revenues of $1.83 billion, up 4.6% from the first quarter and 20.5% from a year earlier, and diluted EPS of $0.76 compared with $0.51 in the first quarter and a loss of $0.03 a year earlier. Net long-term inflows were $45.1 billion, and the company repurchased $50 million of common shares and declared a $0.215 per share common dividend.
- Operating revenues were $1,825.6 million, up 4.6% from $1,744.5 million in Q1 2026 and up 20.5% from $1,515.5 million in Q2 2025.
- Net long-term inflows were $45.1 billion in Q2 2026, compared with $21.8 billion in Q1 2026.
- Adjusted diluted EPS was $0.71, up from $0.57 in Q1 2026; adjusted operating margin was 37.5%, up from 34.5%.
- Common dividend of $0.215 per share is payable September 2, 2026, to holders of record on August 14, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
