Invesco Ltd. Q3 Earnings Report

NEW YORK – Asset manager Invesco Ltd. (NYSE: IVZ) reported third quarter earnings that surpassed analyst expectations on Tuesday. However, shares fell by 2.3%, as revenue growth was countered by increased expenses.

Invesco posted adjusted earnings per share (EPS) of $0.44, slightly above the consensus estimate of $0.43. Revenue rose 5.1% year-over-year to $1.51 billion, significantly exceeding analyst projections of $1.11 billion.

Despite the revenue increase, operating expenses surged 16.5% compared to the same quarter last year, mainly due to a one-time $147.6 million acceleration of compensation expense tied to changes in long-term award vesting criteria. This contributed to a decline in operating income and margins compared to Q3 2023.

Invesco also reported $16.5 billion in net long-term inflows for the quarter, raising total assets under management to a record $1.8 trillion as of September 30, reflecting a 4.7% increase from the previous quarter.

> "We continued our positive momentum in the quarter," stated Andrew Schlossberg, President and CEO. "Client engagements continue to broaden driven by our global network, diverse product suite, and improving investment results."

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