Invesco Ltd.

NYSE:IVZ Stock Report

Market Cap: US$12.6b

Invesco Future Growth

Future criteria checks 3/6

Invesco's revenue is forecast to decline at 10% per annum while its annual earnings are expected to grow at 30.7% per year. EPS is expected to grow by 31.5% per annum. Return on equity is forecast to be 10% in 3 years.

Key information

30.7%

Earnings growth rate

31.49%

EPS growth rate

Capital Markets earnings growth11.6%
Revenue growth rate-10.0%
Future return on equity9.98%
Analyst coverage

Good

Last updated04 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 10

IVZ: Mixed Flow And Margin Outlook Will Likely Cap Near Term Upside

Analysts have raised the implied fair value estimate for Invesco by $2 to $26, citing updated views on discount rates, revenue growth assumptions, profit margins, and future P/E levels reflected in recent shifts in Street price targets. Analyst Commentary Recent Street research on Invesco shows a mixed backdrop, with several price target increases offset by a cluster of cuts over the past few months.
Narrative Update • Apr 23

IVZ: Cautious Flow Outlook And Execution Risks Will Likely Restrain Upside

Analysts have reduced their average price target on Invesco by $2. This change reflects more cautious assumptions on revenue growth and profit margins, even as they apply a slightly lower discount rate and a higher future P/E multiple.
Narrative Update • Apr 09

IVZ: Future Returns Will Depend On ETF Suite Expansion

Analysts have trimmed their average price target for Invesco by about $0.55 as they factor in softer revenue growth assumptions, lower profit margin expectations, and updated sector flows data from recent research. Analyst Commentary Recent Street research around Invesco reflects an active tug of war between optimistic and cautious views, with several firms adjusting price targets in both directions over the past few months.
Narrative Update • Mar 26

IVZ: Future Returns Will Rely On Capital Markets Recovery And ETF Expansion

Analysts have adjusted their price targets around Invesco, with several firms trimming or lifting estimates. The latest move takes one target down by $2 to $29 as they factor in recent fund flow trends and updated views on traditional asset managers.
Narrative Update • Mar 11

IVZ: Future Returns Will Rely On Capital Markets Recovery And Buyback Execution

Analysts have nudged their fair value estimate for Invesco slightly lower, trimming the target by about $0.27 to $29.86 as they revisit assumptions around asset manager flows and apply a modestly higher discount rate. Analyst Commentary The latest round of Street research on Invesco shows a mix of optimism and caution, with several firms fine-tuning price targets in both directions as they reassess asset manager flows and execution risk.
Narrative Update • Feb 24

IVZ: Future Returns Will Rely On Capital Markets Upside And Buyback Execution

The updated analyst price target for Invesco edges higher to about $30.14, reflecting a mix of recent target cuts and increases across the Street as analysts factor in revised discount rates, profitability assumptions, and P/E expectations. Analyst Commentary Recent research updates show a mix of higher and lower price targets around Invesco, with analysts adjusting their views as they reassess valuation, earnings power, and industry conditions.
Narrative Update • Feb 10

IVZ: Future Returns Will Rely On Margin Leverage And Buyback Execution

Analysts have nudged their price targets on Invesco slightly lower overall, trimming fair value by about US$0.20 per share as they balance softer revenue assumptions with higher expected profit margins and a lower projected P/E multiple. Analyst Commentary Recent Street research on Invesco paints a mixed picture, with several firms trimming price targets while others are edging them higher.
Analysis Article • Jan 31

Invesco's (NYSE:IVZ) Dividend Will Be $0.21

The board of Invesco Ltd. ( NYSE:IVZ ) has announced that it will pay a dividend of $0.21 per share on the 3rd of...
Narrative Update • Jan 26

IVZ: Future Returns Will Balance Margin Leverage And Product Structure Risks

Analysts have lifted their fair value estimate for Invesco by about US$3 to roughly US$30.30, citing updated assumptions for discount rate, revenue trends, profit margins and future P/E. These changes are reflected in a series of recent price target increases and an upgrade from major firms.
Seeking Alpha • Jan 23

Invesco: Asset Manager Hits Ceiling Of Fair Value

Summary Invesco offers a straightforward asset management business, primarily generating revenue from management fees across a diversified global product suite. IVZ's operating revenues and free cash flow have been flat over the past decade, with cyclical fluctuations and limited organic growth. At ~$29/share, IVZ trades near fair value; AFCF may reach $1B in 2025, but sustainable growth appears unlikely amid intense competition. I rate IVZ a Hold, as its prospects hinge on secular trends rather than internal value creation, with meaningful upside only at much lower prices. Read the full article on Seeking Alpha
Narrative Update • Jan 10

IVZ: Operating Leverage And QQQ Restructure Debate Will Support Future Upside

Analysts have lifted their fair value estimate for Invesco from about US$27.61 to roughly US$33.21, citing higher price targets, expectations for improved revenue contraction and profitability, and a modestly lower discount rate supported by recent commentary on operating leverage and potential QQQ Trust reclassification. Analyst Commentary Recent research has tilted more constructive on Invesco, with several bullish analysts adjusting their fair value views higher and highlighting specific levers that could support the new estimates.
Narrative Update • Dec 27

IVZ: QQQ Proxy Vote Delays Will Likely Cap Near-Term Upside Potential

Analysts have raised their price target on Invesco to approximately $24 from about $17, citing improved expected revenue trends, stronger profit margins supported by operating leverage, and a more favorable valuation backdrop for traditional asset managers, despite timing uncertainty around the QQQ trust reclassification. Analyst Commentary Recent Street research on Invesco points to a cautiously constructive stance, with price target increases reflecting improved earnings power but also embedding meaningful execution risk.
Narrative Update • Dec 13

IVZ: Future Returns Will Reflect Margin Leverage Amid Product Structure Uncertainty

Analysts nudged their price target on Invesco modestly higher, lifting fair value by about $0.71 per share to roughly $27.08 as they factor in improved operating leverage, slightly better revenue trends, and the longer term upside from QQQ structural changes despite near term execution noise. Analyst Commentary Street research remains broadly constructive on Invesco, with multiple firms lifting price targets into the mid to high $20s as they recalibrate for stronger market performance, improving margins, and the medium term optionality around the QQQ structural proposal.
Narrative Update • Nov 29

IVZ: Future Earnings Will Reflect Margin Improvements Amid Product Structure Delays

The analyst price target for Invesco has been revised upward by analysts. The new target of $26.38 reflects improved operating leverage and expectations of stronger profit margins, despite mixed revenue growth projections.
Narrative Update • Nov 15

IVZ: Margin Gains And Equity Strength Will Drive Earnings Upside

Invesco's analyst price target has increased modestly, rising from $26.27 to $26.35 per share. Analysts cite strong operating leverage, rising margins, and an improved profit outlook supported by recent sector-wide earnings beats and positive developments in legacy issue management.
Narrative Update • Oct 31

IVZ: Operating Leverage And Expense Management Will Drive Improved Margins Ahead

Invesco's analyst price target has been raised by analysts from $25.12 to $26.27, reflecting improved margin expectations and more optimistic outlooks on the company's operational leverage and expense management. Analyst Commentary Analysts have weighed in on Invesco following its recent quarterly performance and key company developments, providing a range of viewpoints on drivers influencing the firm's outlook and valuation.
Narrative Update • Oct 17

Digital Transformation And ETF Modernization Will Unlock Future Potential

Invesco's analyst price target has increased from $24.04 to $25.12 per share, as analysts point to improving revenue growth trends and positive industry dynamics that are supporting higher earnings estimates. Analyst Commentary Recent analyst coverage of Invesco has highlighted several key factors shaping sentiment on the shares, with bullish and bearish perspectives reflecting ongoing changes in valuation, execution, and growth outlook.
Narrative Update • Oct 03

Digital Transformation And ETF Modernization Will Unlock Future Potential

Invesco's analyst price target has been raised from $23.17 to $24.04. Analysts cite improved market conditions, ongoing initiatives to address legacy issues, and stronger recent revenue growth estimates as supporting factors for the upward revision.
Narrative Update • Sep 11

Digital Transformation And ETF Modernization Will Unlock Future Potential

Invesco’s consensus price target has been raised to $23.17, reflecting analyst optimism driven by stronger asset flows, improved industry dynamics, and prospects for margin expansion, despite elevated but improving leverage. Analyst Commentary Improved industry organic growth and positive performance of stocks and bonds, supporting a constructive environment for traditional asset managers.
Narrative Update • Aug 27

Digital Transformation And ETF Modernization Will Unlock Future Potential

Analysts have modestly reduced Invesco’s price target to $22.58, citing improved net flows, enhanced profitability prospects from the QQQ ETF conversion, and a better risk profile—tempered by persistent leverage and slightly weaker revenue growth expectations. Analyst Commentary Bullish analysts highlight the QQQ conversion to ETF status as positioning Invesco for improved profitability.
Analysis Article • Jul 22

Invesco Ltd.'s (NYSE:IVZ) Shares Bounce 36% But Its Business Still Trails The Industry

Invesco Ltd. ( NYSE:IVZ ) shares have continued their recent momentum with a 36% gain in the last month alone. Taking a...
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New Narrative • Apr 27

MassMutual And Barings Partnership Will Capture Global Market Potential

Strategic partnerships with MassMutual and Barings are set to boost private market offerings, driving asset growth and future revenue expansion.
Seeking Alpha • Jan 24

More Assets Under Management, And Why Invesco Is Close To A Bottom

Summary Invesco Ltd. has shown a significant increase in assets under management, which is expected to drive revenue and free cash flow growth from 2025 to 2030. The company’s stock appears undervalued based on my DCF model. Despite industry challenges and market volatility, recent restructuring efforts in 2023 are likely to enhance future free cash flow growth. Invesco's strong balance sheet, improved liquidity, and positive net income make it a compelling investment, trading cheaply at 4x TTM cash flow. Read the full article on Seeking Alpha
Seeking Alpha • Oct 28

Invesco: An Asset Manager With Upside

Summary Invesco isn’t immune from prevailing asset management headwinds. Unlike many of its peers, however, this franchise is weathering the storm. Mr. Market simply isn’t assigning enough credit to Invesco’s earnings power. Read the full article on Seeking Alpha
Seeking Alpha • Aug 08

Invesco: Not Concerned About The Unwind

Summary Invesco's pressures continue on the passive shift, but the cost-cutting plan has kicked into results. We don't think the carry trade unwind is much of an issue anymore for markets, and those two intense days around the weekend about capture the extent of it. However, with a tough environment and also not a particularly compelling valuation when looking globally, Invesco remains uncompelling. Jobs data also brings on recession risks, with funds already leaving fixed income in the equity rotation and as short duration funds become less attractive. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:IVZ - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20275,4951,2451,7101,8604
12/31/20265,1811,0961,2941,4464
3/31/20266,592-6671,7471,823N/A
12/31/20256,377-7261,4411,525N/A
9/30/20256,2786691,3331,386N/A
6/30/20256,1534231,1561,219N/A
3/31/20256,1215681,0881,160N/A
12/31/20246,0675381,1211,190N/A
9/30/20245,887-4141,4711,587N/A
6/30/20245,814-3371,3761,503N/A
3/31/20245,774-3371,1981,345N/A
12/31/20235,716-3341,1371,301N/A
9/30/20235,7465968531,050N/A
6/30/20235,7506429671,188N/A
3/31/20235,838631773980N/A
12/31/20226,049684510703N/A
9/30/20226,36992381236N/A
6/30/20226,6731,076226345N/A
3/31/20226,8641,323617730N/A
12/31/20216,8951,3939691,078N/A
9/30/20216,7611,1771,5351,649N/A
6/30/20216,5091,0391,3351,450N/A
3/31/20216,2067111,1641,280N/A
12/31/20206,1465251,1151,230N/A
9/30/20206,2584949881,110N/A
6/30/20206,4814699081,030N/A
3/31/20206,5024691,0381,160N/A
12/31/20196,117565N/A1,117N/A
9/30/20195,631499N/A836N/A
6/30/20195,252602N/A779N/A
3/31/20195,173807N/A761N/A
12/31/20185,314883N/A829N/A
9/30/20185,4341,177N/A1,047N/A
6/30/20185,4301,175N/A1,171N/A
3/31/20185,3241,169N/A979N/A
12/31/20175,1601,127N/A1,158N/A
9/30/20174,979946N/A363N/A
6/30/20174,843919N/A341N/A
3/31/20174,778905N/A330N/A
12/31/20164,734854N/A654N/A
9/30/20164,779849N/A1,080N/A
6/30/20164,851851N/A809N/A
3/31/20164,980876N/A1,078N/A
12/31/20155,123968N/A1,128N/A
9/30/20155,1601,010N/A739N/A
6/30/20155,1971,016N/A1,109N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IVZ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).

Earnings vs Market: IVZ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: IVZ is expected to become profitable in the next 3 years.

Revenue vs Market: IVZ's revenue is expected to decline over the next 3 years (-10% per year).

High Growth Revenue: IVZ's revenue is forecast to decline over the next 3 years (-10% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IVZ's Return on Equity is forecast to be low in 3 years time (10%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/31 05:40
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Invesco Ltd. is covered by 25 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Benjamin BudishBarclays
Roger FreemanBarclays