Financials Invesco Ltd.

Equities

IVZ

BMG491BT1088

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 21:00:03 06/03/2026 GMT			5-day change	1st Jan Change
23.67 ^USD	-4.29%		-9.86%	-9.90%

03-06	Exchange-Traded Funds Move Lower as US Equities Drop at Midday	MT
03-06	Exchange-Traded Funds, Equity Futures Lower Pre-Bell Friday Amid Fresh Market Data Releases	MT

Projected Income Statement: Invesco Ltd.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	5,261	4,645	4,311	4,400	4,658	5,295	5,622	-
Change	-	-11.71%	-7.2%	2.08%	5.86%	13.67%	6.18%	-
EBITDA ¹	2,388	1,810	1,396	1,550	-	2,105	2,272	2,476
Change	-	-24.2%	-22.86%	11.03%	-	-	7.9%	8.99%
EBIT ¹	2,183	1,615	1,214	1,371	1,558	1,961	2,128	2,396
Change	-	-26.01%	-24.85%	12.95%	13.65%	25.91%	8.49%	12.61%
Interest Paid ¹	-94.7	-85.2	-70.5	-58	-82.5	-86	-80	-
Earnings before Tax (EBT) ¹	2,500	1,248	-237.9	1,005	-379.4	1,642	1,756	-
Change	-	-50.1%	-119.07%	522.57%	-137.74%	532.79%	6.94%	-
Net income ¹	1,393	683.9	-333.7	538	-	1,110	1,197	-
Change	-	-50.9%	-148.79%	261.22%	-	-	7.85%	-
Announcement Date	25/01/22	24/01/23	23/01/24	28/01/25	27/01/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	1,251	1,303	1,334	1,374	1,252	1,174	1,111	1,108	1,076	1,091	1,098	1,046	1,053	1,086	1,104	1,157	1,109	1,105	1,186	1,259	1,274	1,309	1,328	1,385
Change	-	4.15%	2.35%	3.01%	-8.83%	-6.27%	-5.39%	-0.23%	-2.91%	1.38%	0.69%	-4.76%	0.7%	3.1%	1.7%	4.79%	-4.19%	-0.37%	7.4%	6.12%	1.24%	2.68%	1.48%	4.27%
EBITDA ¹	554.1	593.3	612.6	627.9	544.1	461.2	417.3	387.5	359.6	349.4	351.4	321.8	341.6	381.7	392.8	434.2	391	384.5	444.4	-	460.3	492.8	526.2	568.4
Change	-	7.07%	3.25%	2.5%	-13.35%	-15.24%	-9.52%	-7.14%	-7.2%	-2.84%	0.57%	-8.42%	6.15%	11.74%	2.91%	10.54%	-9.95%	-1.66%	15.58%	-	-	7.07%	6.77%	8.03%
EBIT ¹	503	540.5	561.6	577.5	494.6	411.9	369.4	338.9	326.9	302	309.2	275.4	296.5	335.3	348.8	390.1	349.5	344.4	406.1	457.8	438.6	470.7	497.6	526.2
Change	-	7.46%	3.9%	2.83%	-14.35%	-16.72%	-10.32%	-8.26%	-3.54%	-7.62%	2.38%	-10.93%	7.66%	13.09%	4.03%	11.84%	-10.41%	-1.46%	17.92%	12.73%	-4.2%	7.34%	5.71%	5.73%
Charge d'intérêts ¹	-23.8	-24.6	-23.1	-23.2	-23.2	-25.8	-18.6	-17.6	-18	-18.4	-17.3	-16.8	-15.9	-16.3	-13.4	-12.4	-13.1	-20.7	-25.7	-23	-23	-22	-21	-20
Earnings before Tax (EBT) ¹	478.1	649.3	685.3	687.8	320.3	-	255.1	390.4	235.7	229.9	230	-933.5	282.9	259.9	145.1	317.4	344.9	274.4	346.7	-1,345	377	415	409	441
Change	-	35.81%	5.54%	0.36%	-53.43%	-	-	53.04%	-39.63%	-2.46%	0.04%	-505.87%	130.31%	-8.13%	-44.17%	118.75%	8.66%	-20.44%	26.35%	-488.06%	128.02%	10.08%	-1.45%	7.82%
Net income	267.8	368.3	-	426.8	197.7	121	177.4	187.8	145	132.2	131.4	-742.3	141.5	132.2	55	209.3	171.1	-12.5	-	-	-	-	-	-
Change	-	37.53%	-	-	-53.68%	-38.8%	46.61%	5.86%	-22.79%	-8.83%	-0.61%	-664.92%	119.06%	-6.57%	-58.4%	280.55%	-18.25%	-107.31%	-	-	-	-	-	-
Announcement Date	27/04/21	27/07/21	26/10/21	25/01/22	26/04/22	27/07/22	25/10/22	24/01/23	25/04/23	25/07/23	24/10/23	23/01/24	23/04/24	23/07/24	22/10/24	28/01/25	22/04/25	22/07/25	28/10/25	27/01/26	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Invesco Ltd.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	189	253	7,142	6,757	9,755	4,396	3,971	-
Change	-	33.86%	2,722.92%	-5.39%	44.37%	-54.94%	-9.67%	-
Announcement Date	25/01/22	24/01/23	23/01/24	28/01/25	27/01/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Invesco Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	115	108.8	192.9	164.3	69.1	84.3
Change	-	-5.39%	77.3%	-14.83%	-57.94%	22%
Free Cash Flow (FCF) ¹	4,564	4,700	514.1	705.6	571.1	745.7
Change	-	2.97%	-89.06%	37.25%	-19.06%	30.58%
Announcement Date	19/02/21	18/02/22	23/02/23	21/02/24	25/02/25	24/02/26

¹USD in Million

Estimates

Forecast Financial Ratios: Invesco Ltd.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	45.39%	38.97%	32.39%	35.23%	-	39.76%	40.41%	-
EBIT Margin (%)	41.49%	34.76%	28.15%	31.15%	33.44%	37.04%	37.85%	-
EBT Margin (%)	47.53%	26.86%	-5.52%	22.85%	-8.14%	31.01%	31.23%	-
Net margin (%)	26.48%	14.72%	-7.74%	12.23%	-	20.96%	21.29%	-
FCF margin (%)	18.42%	10.84%	26.36%	25.47%	-	-	-	-
FCF / Net Income (%)	69.58%	73.59%	-340.58%	208.35%	-	-	-	-
Profitability
ROA	4.16%	2.48%	2.35%	2.79%	3.41%	3.96%	4.31%	-
ROE	9.64%	5.04%	4.63%	5.36%	6.88%	9.55%	10.11%	-
Financial Health
Leverage (Debt/EBITDA)	0.08x	0.14x	5.12x	4.36x	-	2.09x	1.75x	-
Debt / Free cash flow	0.19x	0.5x	6.28x	6.03x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.07%	4.15%	3.81%	1.57%	-	-	-	-
CAPEX / EBITDA (%)	4.56%	10.66%	11.77%	4.46%	-	-	-	-
CAPEX / FCF (%)	11.22%	38.33%	14.46%	6.16%	-	-	-	-
Items per share
Cash flow per share ¹	2.316	1.515	2.851	-	-	-	-	-
Change	-	-34.59%	88.2%	-	-	-	-	-
Dividend per Share ¹	0.68	0.75	0.8	0.82	0.84	0.8738	0.9186	0.9867
Change	-	10.29%	6.67%	2.5%	2.44%	4.02%	5.13%	7.41%
Book Value Per Share ¹	33.28	33.14	32.48	32.5	27.55	30.34	33.52	-
Change	-	-0.43%	-2%	0.08%	-15.24%	10.12%	10.49%	-
EPS ¹	2.99	1.49	-0.73	1.18	-	2.458	2.661	-
Change	-	-50.17%	-148.99%	261.64%	-	-	8.23%	-
Nbr of stocks (in thousands)	461,207	454,785	449,554	449,440	445,093	443,674	443,674	443,674
Announcement Date	25/01/22	24/01/23	23/01/24	28/01/25	27/01/26	-	-	-