Invesco Reports 21% Net Income Increase to $171.1 Million in Q1 2025

Invesco Ltd. reported a net income of $171.1 million for the first quarter of 2025, reflecting an increase of 21.0% from $141.5 million in the same period of the previous year. The company's operating revenues rose to $1.53 billion, a 3.7% increase from $1.48 billion in Q1 2024. This growth was primarily driven by a 4.9% increase in investment management fees, which reached $1.10 billion, alongside a significant rise in performance fees, which surged to $3.5 million from $0.8 million year-over-year. The earnings per share (EPS) also improved, with diluted EPS increasing to $0.38 from $0.31.

Invesco's total assets increased to $28.14 billion as of March 31, 2025, up from $27.01 billion at the end of 2024. The company’s cash and cash equivalents decreased to $821.7 million from $986.5 million, while accounts receivable rose to $794.6 million from $740.8 million. The liabilities also saw an increase, with total liabilities rising to $12.36 billion from $11.34 billion, largely due to an increase in debt, which rose to $964.8 million from $890.6 million. The company’s equity attributable to Invesco Ltd. increased to $14.70 billion from $14.56 billion.

In terms of strategic developments, Invesco announced a partnership with Barings, MassMutual's global asset management subsidiary, aimed at expanding its private markets business. This partnership is expected to be supported by an initial investment of $650 million from MassMutual. Additionally, Invesco plans to repurchase $1 billion of its Series A Preferred Stock from MassMutual, which is anticipated to enhance its leverage profile and increase balance sheet flexibility.

Operationally, Invesco's assets under management (AUM) reached $1.84 trillion, up from $1.66 trillion a year earlier. The company experienced net long-term inflows of $17.6 billion during the quarter, with significant contributions from both retail and institutional channels. The average AUM for the quarter was $1.88 trillion, reflecting a favorable market environment despite ongoing global economic uncertainties. The company’s headcount slightly decreased to 8,495 employees from 8,527 a year prior.

Looking ahead, Invesco remains focused on capital deployment priorities, including investing in growth initiatives and returning capital to shareholders through share repurchases and modest dividend increases. The company declared a quarterly dividend of $0.21 per common share, an increase from the previous $0.205, and plans to continue navigating the evolving market conditions while leveraging its diversified investment capabilities.