Invesco Ltd. reported a significant decline in its financial performance for the fiscal year ending December 31, 2025, with total operating revenues reaching $6.38 billion, a 5.1% increase from $6.07 billion in 2024. However, the company experienced an operating loss of $695.7 million, compared to an operating income of $832.1 million in the previous year. This downturn was primarily attributed to a non-cash impairment charge of $1.79 billion related to indefinite-lived intangible assets from prior acquisitions. The net income attributable to Invesco Ltd. was a loss of $726.3 million, contrasting sharply with a profit of $538 million in 2024.
The company's assets under management (AUM) increased to approximately $2.17 trillion, up from $1.85 trillion in 2024, marking a 17.5% year-over-year growth. This growth was driven by long-term inflows of $515 billion, although it was partially offset by outflows of $433.8 billion. The retail segment saw AUM rise to $1.52 trillion, while institutional AUM reached $654.2 billion. The firm also reported a decrease in employee headcount, with 7,499 employees as of December 31, 2025, down from 8,508 the previous year, largely due to strategic divestitures.
Invesco has made several strategic moves during the year, including the conversion of the Invesco QQQ Trust from a unit investment trust to an open-end fund ETF, which is expected to enhance operational flexibility and reduce expenses. The company also entered into a strategic partnership with LGT Capital Partners to develop multi-alternative private market solutions. Additionally, Invesco sold its intelliflo business and a 60% stake in Invesco Asset Management (India) to streamline operations and focus on core competencies.
Looking ahead, Invesco aims to maintain a strong balance sheet and return capital to shareholders through share repurchases and dividends. The company has authorized a $1 billion common share repurchase plan and continues to emphasize financial flexibility. Despite the challenges faced in 2025, including market volatility and regulatory pressures, Invesco remains committed to adapting its strategies to meet evolving client needs and capitalize on growth opportunities in high-demand investment offerings.
About Invesco Ltd.
Invesco Ltd. is a global independent investment management firm offering active, passive, and alternative strategies across asset classes such as equities, fixed income, real estate, and private markets. Serving retail and institutional clients in over 120 countries, it manages approximately $1.85 trillion in assets. Its core value lies in delivering long-term investment performance, diverse product offerings, and high-quality client service through a broad distribution network.
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