Invesco Reports Record Inflows and Margin Expansion in Q2 2026 — Invesco Ltd.

Event summary

$45.1 billion in record net long-term inflows for Q2 2026, driven by ETFs and Index, QQQ, China JV, and Private Markets.
Ending AUM increased to $2.5 trillion, a 14.4% rise from the prior quarter.
Adjusted operating margin expanded to 37.5%, up 3 percentage points sequentially.
$450 million reduction in net debt during the quarter and $50 million in common share buybacks.

The big picture

Invesco's Q2 2026 results highlight strong momentum in its strategic priorities, particularly in ETFs and private markets. The record inflows and margin expansion reflect successful execution against a backdrop of increasing global demand for asset management services. The company's ability to sustain this growth while managing operational leverage will be critical in maintaining its competitive position.

What we're watching

Sustainability of Inflows: Whether the pace of net long-term inflows, particularly in ETFs and QQQ, can be maintained amid market volatility.
Margin Expansion: How Invesco will balance further margin expansion with continued investment in business growth and global demand positioning.
Capital Allocation Strategy: The impact of increased share buybacks and debt reduction on the company's financial flexibility and shareholder returns.