Invesco hits $2.17T in assets amid passive surge and $1.8B charge

Invesco (NYSE:IVZ) concluded 2025 with a landmark $2.17 trillion in assets under management, a 17.5% increase year-over-year, as the firm’s pivot toward passive strategies and international joint ventures paid dividends.

In its Tuesday morning earnings release, the Atlanta-based asset manager reported that record market gains and consistent client demand drove $19.1 billion in net long-term inflows during the fourth quarter alone.

The headline GAAP figure was significantly skewed by a $1.8 billion non-cash intangible asset impairment, which resulted in a diluted loss of $2.61 per share.

The charge, which reduced quarterly earnings by $3.01 per share, reflects a technical revaluation of legacy assets.

Excluding this and other one-time items, Invesco posted an adjusted diluted EPS of $0.62 for the quarter, reflecting the underlying health of its fee-generating business.

For the full year 2025, the firm captured $81.2 billion in net long-term inflows, a performance anchored by its ETFs and Index platform, Fundamental Fixed Income, and its record-breaking China joint venture.

The firm's adjusted operating margin reached a healthy 36.4% in the final quarter, signaling that management's efforts to scale operations while controlling costs are gaining traction.

During the quarter, Invesco moved to simplify its capital structure, repurchasing $500 million in outstanding Series A Preferred Stock held by MassMutual and repaying the remaining $240 million of a bank term loan.