Invesco Q3 2026: Margin Surge and 13 Straight Quarters of Inflows
As seen on the 24/7 Wall St. homepage on October 27, 2026.
Adjusted operating margin expanded to 40.7% from 34.2% a year ago even as EPS came in a penny light, with net long-term inflows marking a 13th straight positive quarter. Invesco also bought back another $1.5 billion of MassMutual's preferred stock, leaving $1 billion outstanding and more earnings for common holders.
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Invesco's adjusted operating margin jumped to 40.7% in the third quarter of 2026, as net revenues grew while adjusted operating expenses declined sequentially, with adjusted EPS of $0.72 missing expectations.
Ending AUM reached $2.54 trillion, supported by net long-term inflows for the 13th consecutive quarter, led by ETFs and index strategies including the QQQ franchise.
On October 26, 2026, Invesco repurchased $1.5 billion of the Series A preferred stock held by MassMutual, leaving just $1 billion outstanding. That reduction in preferred obligations expands the share of earnings available to common shareholders, a dynamic CEO Andrew Schlossberg called out on the earnings call.
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Invesco bought back common shares and declared a common dividend of $0.215 per share payable December 2, while funding the MassMutual preferred repurchase with a five-year floating-rate bank term loan that makes leverage worth monitoring.
Fundamental Fixed Income and Fundamental Equities both saw net outflows and institutional channels posted net long-term outflows of $6.6 billion, while net market losses trimmed AUM during the period. Those headwinds show the headline flow streak rests on passive and liquidity products.
Mentioned: IVZ