Invesco Ltd. IVZ · Stock Open Invesco Ltd. in new tab

Invesco’s shares were little changed, down 0.4% after earnings. The quarter showed solid inflows and sequential margin expansion, alongside outflows in fundamental fixed income and moderated flows at the China JV.

• Net long-term inflows were $35.1 billion, equivalent to 6.3% annualized organic growth; global liquidity added $47 billion, bringing AUM in that category to $262 billion.
• Sequentially, net revenue rose 4%, operating expenses fell 1%, and operating margin expanded by more than 3 percentage points to 40.7%.
• ETFs and index attracted nearly $29 billion of net inflows, with ETF AUM reaching a record $775 billion. QQQ drew nearly $7 billion; the broader QQQ suite, including QQQM, drew $16 billion.
• Fundamental fixed income recorded $2.6 billion of outflows, driven largely by institutional reallocations from stable value and low-fee investment-grade index mandates. Across all fixed-income products, flows were positive by $1.3 billion.
• China JV flows moderated amid third-quarter market volatility and equity-market drawdown; the transcript excerpt does not provide a flow figure.