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Invesco Reports Strong Financial Performance for Q4 and Full Year 2024

Invesco Ltd. (NYSE: IVZ) has announced its financial results for the fourth quarter and the entirety of the year ending December 31, 2024. The investment management firm has demonstrated remarkable growth and resilience, as evidenced by an impressive $25.6 billion in net long-term inflows for the fourth quarter, driving significant performance across various investment strategies, particularly ETFs and Asia-Pacific-managed assets.

Key Highlights

During the fourth quarter, Invesco's assets under management (AUM) climbed to $1.85 trillion, reflecting a 2.8% increase from the prior quarter and a remarkable 16.4% year-over-year growth. The company's operating revenue surged to $1.59 billion, marking a 5.1% uplift from Q3 2024 and a 12.7% increase compared to Q4 2023.

A deep dive into the figures reveals an enticing picture: the diluted earnings per share reached $0.46, representing an impressive 283.3% growth from the same period last year, further highlighting the operational efficiency achieved throughout the year.

Diversified Growth Drivers

The results for 2024 represent $65.1 billion in net long-term inflows, which is a clear testament to the firm’s strategic prowess in attracting client assets. This was notably driven by strong performances in key segments, particularly ETFs, APAC Managed investment strategies, and Private Markets. Noteworthy is the resilience shown in the retail sector, which reported net inflows of $28.4 billion, while institutional sales saw a minor net outflow.

Andrew Schlossberg, Invesco's President and Chief Executive Officer, expressed pride in the firm’s achievements, stating, “Throughout 2024, we made substantial progress in executing our strategic priorities while leveraging our strengths to enhance business performance.” Schlossberg further emphasized the sustained demand from clients, citing an annualized organic growth rate of 8% and strong positive flows across all regions, notably in EMEA and Asia Pacific.

Financial Strength and Shareholder Returns

The company’s solid balance sheet is another point of reassurance for stakeholders. With $1 billion in cash and no outstanding credit facility balance, Invesco’s financial position allows it to pursue growth opportunities while returning capital to shareholders. During the fourth quarter, the company repurchased 1.4 million common shares for $25 million, underscoring its commitment to enhancing shareholder value.

Moving forward, Invesco remains optimistic about leveraging its global platform and diverse investment capabilities to meet evolving client needs and drive sustainable, profitable growth. The company underlines the importance of having a skilled team and a strategic focus on performance drivers that generate value for clients, shareholders, and employees alike.

Conclusion

The robust financial results reported by Invesco Ltd. for 2024 and Q4 clearly illustrate the former's resilience and strategic execution in a competitive market environment. As the firm heads into 2025, its strong performance across various investment vehicles and commitment to operational efficiency position it well for continued success in the financial services industry.

For more details, visit Invesco's Corporate Site for the full earnings release and supplementary financial documents.