Invesco reported fourth-quarter adjusted earnings per share that surpassed consensus estimates, fueling a pre-market jump in the stock. Assets under management reached a record $2.17 trillion, up from $2.00 trillion a year earlier, reflecting net inflows across active equity and fixed-income strategies. Total revenues rose 8.8% year-over-year, driven by higher management fees and performance fees in alternative products. Operating expenses increased modestly by 4.2%, delivering operating leverage that lifted the firm’s pre-tax profit margin by 120 basis points. Management highlighted strong institutional demand, particularly in U.S. large-cap equity and sustainable investing solutions, and confirmed that net inflows for the quarter exceeded $12 billion, marking the fifth consecutive quarter of positive flows. Investors will watch AUM trends and margin sustainability as key drivers for IVZ’s 2026 outlook.