Invesco Q1 adjusted EPS misses estimates on higher expenses

Invesco

28/04/2026 12:04

Overview

US asset manager's Q1 operating revenue rose 14% yr/yr, driven by higher AUM and QQQ fees

Adjusted diluted EPS for Q1 increased yr/yr but missed analyst expectations

Company repurchased $40 mln in common shares and raised quarterly dividend

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

NET INFLOWS - Q1 net long-term inflows of $21.8 bln were primarily driven by ETFs and Index, China JV, Fundamental Fixed Income and Multi-Asset/Other

QQQ CONVERSION - New management fees from QQQ following its conversion to an open-end ETF contributed to higher investment management fees

EXPENSE INCREASES - Higher employee compensation and marketing expenses, including QQQ advertising, contributed to increased operating expenses

Company press release: ID:nPn9VWmhha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
$1.74 bln
Q1 Adjusted EPS
Miss
$0.57
$0.58 (10 Analysts)
Q1 EPS
$0.51


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Invesco Ltd is $27.00, about 6% above its April 27 closing price of $25.48

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)