Short answer
Invesco Ltd (IVZ) filed its fiscal 2024 10-K annual report with the SEC on Feb 25, 2025. It reported revenue of $6.1B (+6.1% year over year) and net income of $538M.
- Top risk flagged: Regulatory risk: Consolidated Investment Products (CIP) CLO-related balances may affect financial statements; regulatory accounting standards require consolidation impacting reported earnings
FY2024 key financial metrics · XBRL
- Revenue
- $6.1B
- +6.1% YoY
- Net income
- $538M
- +261.2% YoY
- Operating margin
- 13.7%
- +21.3 pp YoY
- EPS (diluted)
- $1.18
- +261.6% YoY
- ROE
- 3.7%
- +6.0 pp YoY
- Operating cash flow
- $1.2B
- −8.5% YoY
Source: XBRL data from the Invesco Ltd (IVZ) FY2024 10-K on SEC EDGAR. USD.
Invesco Ltd FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: asset management focused on institutional money market products and U.S. retail mutual funds
- Emphasis on extensive annual impairment testing of indefinite-lived intangible assets tied to management contracts, incorporating updated market conditions
- Strategic focus on managing credit, liquidity, inflation, and market risks amid continued investor shift away from actively managed funds
- Intangible assets related to U.S. retail mutual funds carrying value $4.57B with 6% headroom, discount rate declined 17 bps to 12.88%
- Goodwill $8.32B with improved headroom due to profitability and market conditions; no quantitative impairment test needed for 2024
Management Discussion & Analysis
- No substantive MD&A content provided for fiscal year 2025, only reference to prior years' analysis
- No revenue, profitability, segment, cash flow, or forward-looking information disclosed in the excerpt
Risk Factors
- Regulatory risk: Consolidated Investment Products (CIP) CLO-related balances may affect financial statements; regulatory accounting standards require consolidation impacting reported earnings
- Macroeconomic risk: Foreign exchange fluctuations decreased AUM by $16.3 billion in 2024, impacting revenue from international markets
- Operational risk: Heavy reliance on CLO-related investment products with economic risk limited to equity ownership and fee collections
- Competitive risk: Product mix shift toward lower-yielding investment capabilities due to evolving client preferences challenges fee-based income sustainability
- Financial risk: Redeemed $600 million senior notes due January 30, 2024; ended year with $1 billion cash and zero revolving credit facility balance, preserving leverage flexibility
Generated from the filing text; verify against the original. How to read a 10-K
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