Invesco Ltd. (IVZ) Balance Sheet
IVZ balance sheet, 2025
December 31, 2025 · U.S. dollars$27.09B assets = $14.09B liabilities + $13.00B equity
Both columns are drawn to the same scale: what IVZ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IVZ financial health
Descriptive bands, not a rating. Fiscal 2025.
IVZ balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $25.73B2016 | $27.09B2025 | +0.6%/yr | |
| Total liabilities | $18.12B2016 | $14.09B2025 | −2.8%/yr | |
| Shareholders’ equity | $7.61B2016 | $12.23B2025 | +5.4%/yr | |
| Cash & short-term investments | $2.07B2016 | $1.98B2025 | −0.5%/yr | |
| Total debt | $6.51B2016 | $9.78B2025 | +4.6%/yr | |
| Net cash (debt) | −$4.44B2016 | −$7.80B2025 | −$3.4B | |
| Working capital | $1.55B2016 | $9.87B2025 | +$8.3B | |
| Book value per share | $18.892016 | $26.952025 | +4.0%/yr | |
| Debt / equity | 0.852016 | 0.802025 | −0.05 | |
| Shares outstanding | 402.9M2016 | 453.8M2025 | +1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IVZ assets
IVZ liabilities and equity
IVZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IVZ balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.98B | $1.50B | $1.93B | $1.43B | $2.15B | $1.71B | $1.70B | $1.81B | $2.52B | $2.07B |
| Cash & equivalents | $1.98B | $1.50B | $1.93B | $1.43B | $2.15B | $1.71B | $1.70B | $1.81B | $2.52B | $2.07B |
| Short-term investments | — | $80.4M | — | $996.6M | $30.4M | $29.9M | $8.81B | $28.1M | $28.6M | $26.9M |
| Receivables | $8.79B | $1.11B | $701.5M | $1.01B | $92.8M | $1.03B | $1.02B | $906.1M | $1.55B | $1.32B |
| Inventory | $0 | $0 | $1.93B | $1 | $3.06B | $1 | $0 | $127.1M | $124.4M | $116.9M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $149.2M | $316.9M | $11.38B | $12.44B | $8.22B |
| Total current assets | $10.77B | $2.61B | $2.88B | $1.43B | $2.24B | $2.89B | $3.04B | $14.22B | $16.63B | $11.73B |
| Property, plant & equipment (net) | $378.9M | $479.0M | $599.5M | $561.1M | $518.1M | $563.8M | $583.5M | $468.7M | $490.7M | $464.7M |
| Goodwill & intangible assets | $12.40B | $14.07B | $14.54B | $15.70B | $23.34B | $16.22B | $15.87B | $9.33B | $8.15B | $7.53B |
| Long-term investments | $2.68B | $8.29B | $9.22B | $9.73B | $10.50B | $826.8M | $829.5M | $613.5M | $674.6M | $795.3M |
| Other non-current assets | $861.7M | $1.56B | $1.69B | $2.33B | $0 | $16.01B | $19.10B | $6.34B | $5.72B | $5.21B |
| Total assets | $27.09B | $27.01B | $28.93B | $29.76B | $32.69B | $36.50B | $39.42B | $30.98B | $31.67B | $25.73B |
| Liabilities | ||||||||||
| Accounts payable | $20.4M | $30.6M | $31.5M | $59.6M | $312.5M | $348.9M | $414.6M | $284.3M | $320.1M | $274.3M |
| Short-term debt | $66.6M | $66.2M | $64.6M | $73.8M | $77.5M | $81.2M | $77.6M | $61.3M | $60.4M | $87.7M |
| Deferred revenue | — | — | −$64.6M | −$73.8M | $5.5M | $58.0M | $45.8M | $61.3M | $60.4M | $87.7M |
| Total current liabilities | $897.0M | $830.4M | $2.27B | $668.7M | $1.99B | $8.79B | $12.42B | $13.20B | $14.70B | $10.18B |
| Long-term debt | $10.79B | $7.09B | $8.61B | $8.08B | $9.42B | $2.08B | $2.08B | $2.41B | $2.08B | $2.10B |
| Lease obligations | $406.7M | $454.9M | $433.7M | $480.2M | $289.8M | $319.2M | $364.8M | — | — | — |
| Other long-term liabilities | $2.40B | $3.42B | $2.13B | $4.17B | $4.60B | $10.61B | $10.22B | $6.44B | $5.94B | $5.84B |
| Total liabilities | $14.09B | $11.34B | $13.02B | $12.91B | $16.01B | $21.48B | $24.72B | $22.04B | $22.71B | $18.12B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $98.1M | $6.38B | $6.33B |
| Retained earnings (deficit) | $5.89B | $6.99B | $6.83B | $7.52B | $7.17B | $6.08B | $5.92B | $5.88B | $5.49B | $4.83B |
| Treasury stock | — | — | — | −$3.04B | −$3.04B | −$3.25B | −$3.45B | −$3.00B | −$2.78B | −$2.85B |
| Accumulated other comprehensive income | −$722.9M | −$1.04B | −$801.8M | −$942.4M | −$441.5M | −$404.5M | −$587.3M | −$735.0M | −$391.2M | −$809.3M |
| Minority interest | $773.9M | $1.11B | $1.32B | $629.9M | $672.2M | $447.1M | $455.8M | $357.4M | $259.5M | $108.0M |
| Total shareholders' equity | $12.23B | $14.56B | $14.60B | $16.84B | $16.68B | $14.36B | $13.86B | $8.94B | $8.96B | $7.61B |
| Key figures | ||||||||||
| Total debt | $9.78B | $7.55B | $9.04B | $8.15B | $9.50B | $9.12B | $8.68B | $7.63B | $6.88B | $6.51B |
| Net cash (debt) | −$7.80B | −$6.05B | −$7.11B | −$6.72B | −$7.35B | −$7.41B | −$6.98B | −$5.83B | −$4.36B | −$4.44B |
| Working capital | $9.87B | $1.78B | $608.8M | $765.4M | $254.5M | −$5.90B | −$9.39B | $1.03B | $1.93B | $1.55B |
| Tangible book value | −$173.4M | $492.5M | $58.0M | $1.14B | −$6.66B | −$1.86B | −$2.01B | −$397.0M | $806.2M | $83.2M |
| Book value per share | $26.95 | $31.81 | $32.00 | $36.65 | $35.84 | $31.05 | $31.47 | $21.66 | $21.85 | $18.89 |
| Shares outstanding | 453.8M | 457.7M | 456.2M | 459.5M | 465.4M | 462.5M | 440.5M | 412.5M | 409.9M | 402.9M |
| Current ratio | 12.00 | 3.14 | 1.27 | 2.14 | 1.13 | 0.33 | 0.24 | 1.08 | 1.13 | 1.15 |
| Quick ratio | 12.00 | 3.14 | 1.16 | 3.65 | 1.13 | 0.31 | 0.22 | 0.21 | 0.28 | 0.33 |
| Debt / equity | 0.80 | 0.52 | 0.62 | 0.48 | 0.57 | 0.63 | 0.63 | 0.85 | 0.77 | 0.85 |
| Equity / assets | 45.1% | 53.9% | 50.5% | 56.6% | 51.0% | 39.3% | 35.2% | 28.8% | 28.3% | 29.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $915.4M | $806.9M | $1.98B | $1.52B | $1.49B | $1.87B | $1.50B | $1.64B | $1.54B | $1.43B | $1.93B | $1.56B |
| Cash & equivalents | $915.4M | $806.9M | $1.98B | $1.52B | $1.49B | $1.87B | $1.50B | $1.64B | $1.54B | $1.43B | $1.93B | $1.56B |
| Short-term investments | — | — | — | — | — | $732.9M | — | — | −$7.59B | — | — | — |
| Receivables | $805.5M | $8.96B | $884.7M | $1.15B | $1.10B | $1.13B | $1.11B | $1.02B | $677.1M | $708.3M | $701.5M | $645.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $928.6M | $201.4M | $9.84B | $1.93B | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.93B | $0 | $0 | $0 |
| Total current assets | $1.72B | $806.9M | $2.86B | $2.68B | $2.59B | $3.00B | $2.61B | $2.66B | $10.35B | $2.35B | $2.17B | $1.89B |
| Property, plant & equipment (net) | $370.2M | $364.9M | $676.1M | $387.7M | $453.6M | $458.4M | $479.0M | $580.3M | $574.4M | $583.6M | $599.5M | $586.2M |
| Goodwill & intangible assets | $12.31B | $20.75B | $20.88B | $14.19B | $14.33B | $14.12B | $14.07B | $14.55B | $14.42B | $14.45B | $14.54B | $15.67B |
| Long-term investments | $2.72B | $2.50B | $2.68B | $2.48B | $2.52B | $8.89B | $8.29B | $8.43B | $8.36B | $9.42B | $9.22B | $9.80B |
| Other non-current assets | $10.36B | $2.42B | $0 | $8.70B | $8.59B | $1.67B | $1.56B | $1.28B | $0 | $1.27B | $2.40B | $1.49B |
| Total assets | $27.47B | $26.83B | $27.09B | $28.44B | $28.50B | $28.14B | $27.01B | $27.50B | $27.17B | $28.08B | $28.93B | $29.43B |
| Liabilities | ||||||||||||
| Accounts payable | $1.62B | $1.51B | $20.4M | $1.50B | $1.43B | $1.42B | $30.6M | $1.46B | $1.36B | $1.32B | $31.5M | $1.29B |
| Short-term debt | — | — | $66.6M | $0 | $499.6M | $499.4M | $0 | $0 | — | — | $599.9M | $0 |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | −$599.9M | — |
| Total current liabilities | $2.43B | $1.51B | $66.6M | $1.50B | $1.43B | $1.42B | $830.4M | $1.46B | $1.36B | $1.32B | $1.25B | $1.70B |
| Long-term debt | $9.27B | $9.44B | $10.79B | $8.36B | $10.08B | $7.91B | $7.09B | $7.45B | $7.56B | $8.63B | $8.61B | $8.47B |
| Lease obligations | — | — | $406.7M | — | — | — | $454.9M | — | — | — | $433.7M | — |
| Other long-term liabilities | $2.31B | $2.62B | $3.23B | $3.79B | $2.03B | $3.03B | $3.42B | $2.69B | $1.89B | $1.82B | $2.13B | $2.34B |
| Total liabilities | $14.37B | $13.57B | $14.09B | $13.65B | $13.54B | $12.36B | $11.34B | $11.60B | $11.40B | $12.22B | $13.02B | $12.84B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M | $113.2M |
| Retained earnings (deficit) | $6.27B | $6.02B | $5.89B | $7.17B | $6.96B | $7.07B | $6.99B | $6.87B | $6.92B | $6.88B | $6.83B | $7.66B |
| Accumulated other comprehensive income | −$811.5M | −$799.0M | −$722.9M | −$735.7M | −$664.2M | −$947.9M | −$1.04B | −$736.6M | −$921.9M | −$897.1M | −$801.8M | −$960.6M |
| Minority interest | $998.3M | $1.01B | $773.9M | $786.7M | $1.09B | — | — | — | — | — | — | — |
| Total shareholders' equity | $12.47B | $12.26B | $12.23B | $14.01B | $13.87B | $14.70B | $14.56B | $14.75B | $14.59B | $14.55B | $14.60B | $15.25B |
| Key figures | ||||||||||||
| Total debt | $1.62B | $10.54B | $10.12B | $1.62B | $1.88B | $964.8M | $7.55B | $7.45B | $7.56B | $8.63B | $9.04B | $8.47B |
| Net cash (debt) | −$708.6M | −$9.73B | −$8.14B | −$100.8M | −$392.0M | $908.6M | −$6.05B | −$5.81B | −$6.02B | −$7.20B | −$7.11B | −$6.92B |
| Working capital | −$708.3M | −$703.9M | $2.80B | $1.18B | $1.16B | $1.59B | $1.78B | $1.21B | $8.99B | $1.03B | $916.1M | $186.9M |
| Tangible book value | $165.9M | −$8.49B | −$8.65B | −$185.4M | −$461.5M | $579.1M | $492.5M | $207.2M | $160.3M | $101.4M | $58.0M | −$415.0M |
| Book value per share | $27.45 | $27.01 | $26.95 | $30.81 | $30.57 | $32.38 | $32.06 | $32.38 | $31.98 | $32.09 | $32.22 | $33.67 |
| Shares outstanding | 454.4M | 453.7M | 453.8M | 454.6M | 453.8M | 454.0M | 454.1M | 455.6M | 456.1M | 453.5M | 453.1M | 453.1M |
| Current ratio | 0.71 | 0.53 | 43.01 | 1.79 | 1.81 | 2.12 | 3.14 | 1.83 | 7.60 | 1.78 | 1.73 | 1.11 |
| Quick ratio | 0.71 | 6.46 | 43.01 | 1.79 | 1.81 | 2.12 | 3.14 | 1.83 | 1.63 | 1.62 | 2.10 | 1.29 |
| Debt / equity | 0.13 | 0.86 | 0.83 | 0.12 | 0.14 | 0.07 | 0.52 | 0.51 | 0.52 | 0.59 | 0.62 | 0.56 |
| Equity / assets | 45.4% | 45.7% | 45.1% | 49.2% | 48.7% | 52.2% | 53.9% | 53.6% | 53.7% | 51.8% | 50.5% | 51.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
IVZ financial position
At the end of fiscal 2025 (December 31, 2025), Invesco had total assets of $27.1 billion (up 0.3% from a year earlier), total liabilities of $14.1 billion and shareholders' equity of $12.2 billion. It held $2.0 billion in cash and short-term investments against $9.8 billion of debt, net debt of $7.8 billion. Its current ratio was 12.00. In the latest quarter (ended June 30, 2026) total assets were $27.5 billion and equity $12.5 billion.
Related: IVZ income statement, IVZ cash flow statement, IVZ key metrics. See the IVZ stock overview for the latest quote and news.
IVZ balance sheet FAQ
What are Invesco's total assets?
Invesco reported total assets of $27.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $27.0 billion a year earlier.
How much debt does Invesco have?
Invesco had $9.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.80.
How much cash does Invesco have?
Invesco held $2.0 billion in cash and short-term investments at the end of fiscal 2025; with $9.8 billion of debt that is net debt of $7.8 billion.
What is Invesco's book value?
Invesco's shareholders' equity (book value) was $12.2 billion at the end of fiscal 2025, or $26.95 per share.
What is Invesco's current ratio?
Invesco had current assets of $10.8 billion and current liabilities of $897.0 million, a current ratio of 12.00 (it can cover its short-term obligations).
How much goodwill does Invesco have?
Invesco carried $12.4 billion of goodwill and intangible assets, 45.8% of total assets, at the end of fiscal 2025.