Invesco (IVZ) AI Stock Analysis

• Market Cap: $12.09B
• Dividend Yield: 3.08%
• Average Volume (3M): 4.86M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: 6.64%
• EPS Growth: N/A
• Country: US
• Employees: 8,495
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.62
• Shares Outstanding: 445,092,900
• 10 Day Avg. Volume: 5,842,248
• 30 Day Avg. Volume: 4,858,410
• PEG Ratio: -0.04
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 1.32
• P/FCF Ratio: 7.13
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 1.77
• Enterprise Value/Gross Profit: 4.10
• Enterprise Value/Ebitda: 8.19
• 1Y Price Target: $30.45
• Price Target Upside: 10.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): 2.68
• Revenue Forecast (FY): $5.33B

• Rating: 66 Neutral
• Price Target: $30.00 ▲(8.85% Upside)

The score is driven primarily by solid cash-flow durability and improved leverage, alongside a constructive technical trend. It is held back by inconsistent profitability (including a TTM net loss) and limited valuation clarity from a negative P/E, while the latest earnings-call excerpt is positive but lacks quantitative guidance; the share repurchase is a modest additional support.

Positive Factors

Strong cash generation

Invesco’s TTM operating and free cash flow have strengthened and improved versus prior year, indicating durable internal funding for operations, dividends, and buybacks. Consistent cash conversion supports capital allocation flexibility and resilience through market cycles over coming months.

Improved leverage and balance sheet

A material reduction in reported leverage to near-zero on a substantial equity base increases financial flexibility. Lower debt reduces refinancing risk, supports strategic investments and capital returns, and materially improves the firm’s ability to withstand episodic market stress over the medium term.

Stable AUM and recurring inflows

Large, stable AUM with recurring long-term inflows indicates durable distribution and client relationships across products. Steady asset bases preserve management-fee revenue and provide a platform for cross-selling, reducing revenue volatility tied solely to short-term market swings.

Negative Factors

Inconsistent profitability

Earnings volatility and intermittent net losses weaken predictability of retained earnings and ROE, complicating capital planning. Persistent swings hinder sustained margin improvement and make it harder to rely on earnings to fund growth, dividends, or sizable buybacks over the next several quarters.

Limited quantitative disclosure

A qualitative-only earnings call with no explicit guidance or metrics reduces transparency for investors and limits accountability. Over time this can obscure operational weak spots, make forecasting harder, and weaken external confidence in management’s ability to deliver sustained improvements.

Fee pressure from low-cost competitors

Structural competition from large low-cost passive providers and pricing pressure compresses long-term fee pools for active managers. For Invesco, persistent fee erosion can shrink gross margin potential and requires offsetting scale gains or product differentiation to sustain revenue and profitability.

Invesco Business Overview & Revenue Model

Company Description

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client-focused equity and fixed income portfolios. The firm also launches equity, fixed income, commodity, multi-asset, and balanced mutual funds for its clients. It launches equity, fixed income, multi-asset, and balanced exchange-traded funds. The firm also launches and manages private funds. It invests in the public equity and fixed income markets across the globe. The firm also invests in alternative markets, such as commodities and currencies. For the equity portion of its portfolio, it invests in growth and value stocks of large-cap, mid-cap, and small-cap companies. For the fixed income portion of its portfolio, the firm invests in convertibles, government bonds, municipal bonds, treasury securities, and cash. It also invests in short term and intermediate term bonds, investment grade and high yield bonds, taxable and tax-free bonds, senior secured loans, and structured securities such as asset-backed securities, mortgage-backed securities, and commercial mortgage-backed securities. The firm employs absolute return, global macro, and long/short strategies. It employs quantitative analysis to make its investments. The firm was formerly known as Invesco Plc, AMVESCAP plc, Amvesco plc, Invesco PLC, Invesco MIM, and H. Lotery & Co. Ltd. Invesco Ltd. was founded in December 1935 and is based in Atlanta, Georgia with an additional office in Hamilton, Bermuda.

How the Company Makes Money

Invesco primarily generates revenue through investment management fees, which are charged as a percentage of assets under management (AUM). The company earns these fees by managing client investments in various products, including mutual funds and ETFs. Additionally, Invesco generates performance fees when the investment returns exceed certain benchmarks or targets. Another significant revenue stream comes from advisory and administrative services provided to institutional clients. The firm also benefits from strategic partnerships with financial advisors and institutions that distribute its investment products, enhancing its market reach and client acquisition. Overall, the company's earnings are closely tied to the performance of the financial markets and the levels of AUM, which can fluctuate based on market conditions and investor sentiment.

Invesco Financial Statement Overview

Summary

Strong and improving operating/free cash flow is a key positive, and leverage appears meaningfully improved in TTM. Offsetting this, profitability has been inconsistent with a return to a net loss in TTM, keeping overall financial quality in the middle range.

Income Statement

Revenue has been relatively steady with a modest rebound in 2024 (annual) and slight growth in TTM (Trailing-Twelve-Months). Profitability, however, has been volatile: the company swung from losses in 2023 (annual) to solid profitability in 2024, then back to a net loss in TTM, despite still showing healthy gross profit and EBITDA margins. Overall, the income profile shows resilience in top-line and operating earnings capacity, but inconsistent bottom-line performance elevates risk.

Balance Sheet

Leverage improved meaningfully versus prior years: debt-to-equity moved from roughly 0.5–0.6 (2020–2024 annual) to 0.0 in TTM (Trailing-Twelve-Months), alongside a still-substantial equity base. Return on equity has been positive in most years (strong in 2021, modest in 2022–2024), but turned negative in 2023 and remains only moderate in TTM, reflecting earnings instability. Balance sheet strength appears improved on leverage, though returns are not consistently strong.

Cash Flow

Cash generation is a clear strength: operating cash flow and free cash flow are strong in TTM (Trailing-Twelve-Months) and improved versus 2024 (annual), with positive free cash flow growth in TTM. Free cash flow has consistently tracked net income reasonably well across years, indicating earnings are generally supported by cash generation. The main weakness is year-to-year volatility (notably weaker cash flow in 2022), but the recent trajectory is favorable.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.38B	6.07B	5.72B	6.05B	6.89B	6.15B
Gross Profit	2.75B	2.03B	2.01B	2.44B	2.83B	2.39B
EBITDA	1.38B	1.24B	1.13B	1.53B	2.80B	1.40B
Net Income	-281.70M	774.80M	-96.90M	920.70M	1.63B	761.60M
Balance Sheet
Total Assets	27.09B	27.01B	28.93B	29.76B	32.69B	36.50B
Cash, Cash Equivalents and Short-Term Investments	1.04B	1.50B	1.93B	1.43B	2.15B	1.71B
Total Debt	0.00	7.55B	9.04B	8.56B	9.71B	9.12B
Total Liabilities	14.09B	11.34B	13.02B	12.91B	16.01B	21.48B
Stockholders Equity	12.23B	14.56B	14.60B	15.21B	15.50B	14.36B
Cash Flow
Free Cash Flow	1.51B	1.12B	1.14B	510.30M	969.30M	1.12B
Operating Cash Flow	1.53B	1.19B	1.30B	703.20M	1.08B	1.23B
Investing Cash Flow	-974.40M	68.40M	-244.30M	-375.60M	-847.90M	-859.60M
Financing Cash Flow	-149.50M	-1.66B	-585.40M	-966.90M	117.30M	-285.90M

Invesco Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 27.56
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IVZ, the sentiment is Neutral. The current price of 27.56 is below the 20-day moving average (MA) of 28.14, above the 50-day MA of 26.44, and above the 200-day MA of 20.70, indicating a neutral trend. The MACD of 0.45 indicates Positive momentum. The RSI at 49.03 is Neutral, neither overbought nor oversold. The STOCH value of 33.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IVZ.

Invesco Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JHG	78 Outperform	$7.18B	14.15	11.10%	3.34%	14.48%	34.97%
SEIC	76 Outperform	$10.36B	15.56	29.38%	1.18%	9.33%	33.17%
AMG	74 Outperform	$8.65B	18.78	15.95%	0.01%	1.08%	8.24%
BEN	74 Outperform	$13.30B	27.97	3.84%	5.33%	2.31%	5.71%
AB	73 Outperform	$3.85B	13.94	19.77%	8.93%	―	-12.92%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
IVZ	66 Neutral	$12.09B	-17.04	-2.10%	3.08%	6.64%	―

Invesco Corporate Events

Invesco Announces $500 Million Share Repurchase Agreement

On December 8, 2025, Invesco Ltd. entered into an agreement with Massachusetts Mutual Life Insurance Company to repurchase $500 million of its 5.9% Fixed Rate Non-Cumulative Perpetual Series A Preference Shares at an 18% premium. The repurchase is expected to close by mid-December 2025, with MassMutual maintaining a significant stake in Invesco. The dividend for the fourth quarter of 2025 will be prorated and reflected in the first quarter 2026 dividend.

The most recent analyst rating on (IVZ) stock is a Buy with a $33.50 price target. To see the full list of analyst forecasts on Invesco stock, see the IVZ Stock Forecast page.