Invesco Reports $35.1 Billion in Long-Term Inflows in Third Quarter

Key Facts

Invesco announced on October 27 results for the three months ended September 30, 2026, reporting $35.1 billion in net long-term inflows, according to the company statement published via PR Newswire. The inflows declined from $45.1 billion in the second quarter but remained positive for the thirteenth consecutive quarter. The results also showed operating revenue of $1,873.2 million, up 14.2% year over year, and net income attributable to the company of $294.5 million. Diluted earnings per share under accounting standards were $0.65, while adjusted earnings per share reached $0.72. The figures put revenue and inflow growth at the forefront of the period's results, with long-term money continuing to flow in despite slowing from the previous quarter.

Year over year, adjusted diluted earnings per share rose 18.0% to $0.72, according to Invesco's statement. The adjusted operating margin also widened to 40.7%, compared with 34.2% in the third quarter of 2025. The improvement in adjusted profitability measures accompanied a 14.2% increase in operating revenue, while net income attributable to the company remained at $294.5 million and earnings per share under accounting standards stood at $0.65 for the period. The company distinguishes between the two earnings measures in its announcement, reporting diluted earnings per share under accounting standards and an adjusted figure. The statement included in the available information did not provide a market estimate or a year-over-year comparison for net income and earnings per share under accounting standards.

Inflows varied across business segments: the retail segment recorded $41.7 billion in long-term net inflows, while the institutional segment had outflows of $6.6 billion. According to the company statement, index funds and index investments were the largest sources of positive flows by investment capability, with net inflows of $28.5 billion. Total net long-term inflows were $35.1 billion, down from $45.1 billion in the second quarter, when the company reported record inflows, according to its previous filing. The comparable figure in the first quarter was $21.8 billion, and the annualized long-term organic growth rate then was 8.5%. For the third quarter, CEO Andrew Schlossberg said the company achieved 6% annualized organic growth, driven by $35 billion in long-term inflows alongside $47 billion in global liquidity net flows.

Assets under management totaled $2,537.8 billion at the end of the quarter, up 19.4% from the end of the third quarter of 2025, while the quarterly average was $2,510.2 billion. Market losses weighed on total assets under management, reducing them by $26.4 billion during the period. Currency movements added $4.5 billion, according to Invesco's statement. These factors show that annual growth in assets coincided with two opposing effects during the quarter: market losses and currency changes. Long-term inflows remained positive, although they were below the second-quarter level.

On capital allocation, Invesco repurchased $65 million of common stock, or 2.1 million shares, during the third quarter. It then announced on October 26 that it would repurchase $1.5 billion of its Series A preferred stock from MassMutual. The transaction was financed with a 5-year floating-rate bank term loan, according to the company statement. The transaction adds to the common stock repurchases made during the quarter, but involves a different class of shares and is financed separately through the stated loan. Invesco shares closed at $28.53 on October 26, according to EL7 data; the available information does not include the stock's movement after the results announcement on October 27.