With $2.154 trillion in AUM, Invesco is in the second-largest tier of US-based asset managers. The firm serves both retail (70% of managed assets) and institutional (30%) clients. Analysts point to an improved outlook for organic growth and potential margin expansion to 37%-38% in 2026/2027.
Cyborg Score Rationale
Adjusted fourth-quarter revenue grew 10.6% year over year with adjusted operating margin increased 265 basis points to 36.4%. Recent analyst upgrades highlight improved prospects, with RBC Capital raising price target to $35 from $25. However, overall investment performance is still not quite top quartile with 70% of AUM outperforming peers on a three-year basis.
Top Insights
Record $2.170 trillion AUM achieved in December 2025, up 17.5% year-over-year, demonstrating strong asset growth momentum.
QQQ ETF reclassification expected to drive significant earnings growth, marking a major positive catalyst for the business.
Invesco reshaped Canadian operations by having CI Global Asset Management take over management of C$26 billion in assets while maintaining investment team partnerships.
Improved outlook for organic growth with margin expansion potential to 37%-38% in 2026/2027 indicates operational leverage opportunities.
Named Competitors
BlackRock — Leading global asset manager with largest AUM
Vanguard — Major competitor in mutual funds and ETFs
Pimco — Second-tier asset manager peer in AUM rankings
Capital Group — Second-tier asset manager competing on investment performance