Invesco Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Invesco Ltd (IVZ) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Invesco Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 7,166M vs 615,570M combined for its competitors (1.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+4.6% annualized vs trailing 12 months), vs decelerating (-2.0%) for its tracked peer group.
- Growth: Invesco Ltd generated 13.5% revenue growth year over year in Q3 2026, vs 2.2% for its competitors combined.
- Profitability: Its 19.0% net margin compares with 29.3% for the peer group.
- Scale: Invesco Ltd ranks #37 of 90 companies by market capitalization in the Investment Services industry, holding 0.3% of industry market cap.
- Peer revenue share: Invesco Ltd accounted for 1.2% of combined revenue among its tracked peer group, up from 1.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.96M compares with $0.65M for the peer group (1.5x).
- Structure: Invesco Ltd reports the following subsidiaries: INVESCO CAPITAL MARKETS, INC..
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
IVZ Sales vs. its Competitors, Q3 2026
Invesco Ltd reported revenue growth of 13.47 % year on year in Q3 2026, above its competitors' combined revenue growth of 2.18 %.
With a net margin of 18.98 %, Invesco Ltd reported lower profitability than its competitors (29.31 %).
Invesco Ltd generated 1.23 % of the combined sales of its peer group, up from 1.11 % a year earlier.
API endpoints for this dataset
Invesco Ltd vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Invesco Ltd reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Invesco Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Invesco Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Invesco Ltd's competitor groups requires a Commercial License.
For context: the Investment Services industry grew revenue -1.7% year over year, combined, vs 13.5% for Invesco Ltd. Invesco Ltd's share of combined industry revenue moved from 0.63% to 0.73%, a gain of 0.10 percentage points.
Invesco Ltd's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Invesco Ltd | No | Yes | Yes | No |
| Competitors combined (71) | ||||
| High-Confidence Competitors (1) | - | - | - | |
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
IVZ Stock Performance relative to its Competitors
IVZ Stock Performance relative to High-Confidence Competitors
IVZ Stock Performance relative to Similar-Size Competitors
IVZ Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | The Bank Of New York Mellon Corporation | 282.9% | Outperformed |
| 2 | Franklin Resources Inc | 282.9% | Outperformed |
| 3 | First Internet Bancorp | 282.9% | Outperformed |
| 4 | Principal Financial Group inc | 282.9% | Outperformed |
| 5 | Popular Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Invesco Ltd's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Invesco Ltd's Comment on Competition and Industry Peers
Publicly Traded Peers of Invesco Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Invesco Ltd |
12,253.70 | 7,166.10 |
 Jpmorgan Chase and Co |
897,436.67 | 190,733.00 |
 Bank Of America Corporation |
356,921.12 | 122,968.00 |
 Morgan Stanley |
284,679.36 | 68,350.00 |
 The Goldman Sachs Group Inc |
260,698.40 | 42,162.00 |
 Wells Fargo and Company |
256,142.91 | 85,055.00 |
| SUBTOTAL | 3,195,796.05 | 1,094,769.05 |
Sign in to see all competitors of Invesco Ltd .
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Invesco Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Invesco Ltd's Competitors Named by the Company
Competitive relationships identified from Invesco Ltd reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Invesco Mortgage Capital Inc | Company report | 85% |
| Financial Institutions Inc | Company report | 85% |
| Morgan Stanley | Company report | 85% |
| Cohen and Steers Inc | Company report | 85% |
| Legg Mason Inc | Company report | 85% |
| Diamond Hill Investment Group Inc | Company report | 85% |
| Lazard Inc | Company report | 85% |
| Hennessy Advisors Inc | Company report | 85% |
| Price T Rowe Group Inc | Company report | 85% |
| Us Bancorp De | Company report | 85% |
| Apollo Asset Management Inc. | Company report | 85% |
| Bank Of America Corporation | Company report | 85% |
| Credit Suisse Ag | Company report | 85% |
| Raymond James Financial Inc | Company report | 85% |
| Artisan Partners Asset Management Inc | Company report | 85% |
| Lpl Financial Holdings Inc | Company report | 85% |
| Lincoln National Corporation | Company report | 85% |
| Wells Fargo and Company | Company report | 85% |
| Alliancebernstein Holding L p | Company report | 85% |
| Franklin Resources Inc | Company report | 85% |
| The Goldman Sachs Group Inc | Company report | 85% |
| Silvercrest Asset Management Group Inc | Company report | 85% |
| Ares Management Corporation | Company report | 85% |
| Prudential Financial Inc | Company report | 85% |
| Affiliated Managers Group inc | Company report | 85% |
| The Bank Of New York Mellon Corporation | Company report | 85% |
Company report basis, confidence, active dates and source counts for Invesco Ltd's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Invesco Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Citigroup inc | Markets 29.42 % |
| Energy Transfer Lp | Investment In Sunoco LP 38.49 % |
| Prudential Financial Inc | Total Reconciling Items 6.62 % |
| American International Group Inc | North America Operating 34.61 % |
| The Hartford Insurance Group Inc | P&C Business Insurance 58.99 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Invesco Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Invesco Ltd | 12,254 | 955,480 | -10,973 |
| Jpmorgan Chase and Co | 897,437 | 598,825 | 204,714 |
| Bank Of America Corporation | 356,921 | 577,315 | 150,793 |
| Morgan Stanley | 284,679 | 823,494 | 245,422 |
| The Goldman Sachs Group Inc | 260,698 | 889,494 | 467,700 |
| Wells Fargo and Company | 256,143 | 355,879 | 96,699 |
| PEERS TOTAL | 3,183,542 | 652,764 | 158,460 |
Invesco Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Invesco Ltd | Americas 75.67 % |
| Franklin Resources Inc | United States 72.53 % |
| Stifel Financial Corp | Americas 57.23 % |
| Cohen and Steers Inc | North America 87.74 % |
| Brc Group Holdings Inc | North America 38.29 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Invesco Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 88 companies in Invesco Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Invesco Ltd ranks #37 of 88 companies by market capitalization in its industry, holding 0.33 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 580, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Morgan Stanley | 284,679 | 12.54 % |
| 2 | The Goldman Sachs Group Inc | 263,989 | 11.62 % |
| 3 | Blackrock Inc | 194,098 | 8.55 % |
| 4 | Schwab Charles Corp | 159,101 | 7.01 % |
| 5 | Futu Holdings Ltd | 1,234 | 5.2% |
| 6 | Cme Group Inc | 1,234 | 5.2% |
| 7 | Intercontinental Exchange Inc | 1,234 | 5.2% |
| 8 | Blackstone Inc | 1,234 | 5.2% |
| 9 | Kkr and co inc | 1,234 | 5.2% |
| 10 | Brookfield Asset Management Ltd | 1,234 | 5.2% |
| 37 | Invesco Ltd | 7,582 | 0.33 % |
Market cap and industry share for the rest of Invesco Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Invesco Ltd's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 32 | Figma Inc | 9,922 | -58.17 % |
| 33 | Houlihan Lokey Inc | 9,860 | -18.85 % |
| 34 | Affiliated Managers Group inc | 9,764 | 38.87 % |
| 35 | Morningstar inc | 9,302 | 14.98 % |
| 36 | Xp Inc | 1,234 | 12.3% |
| 37 | Invesco Ltd | 7,582 | 17.93 % |
| 38 | Victory Capital Holdings Inc | 1,234 | 12.3% |
| 39 | Blue Owl Capital Inc | 1,234 | 12.3% |
| 40 | Stonex Group Inc | 1,234 | 12.3% |
| 41 | Pjt Partners Inc | 1,234 | 12.3% |
| 42 | Marketaxess Holdings Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Invesco Ltd's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Invesco Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Investment Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (142 companies). See the full Investment Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 21.10 % (avg) | -21.1 pp |
| Operating Margin | 46.73 % | industry median | +6.7 pp |
| EBITDA Margin | 1.54 % | 22.65 % (avg) | -21.1 pp |
| Capital Intensity (Capex / Revenue) | 1.40 % | 3.62 % (avg) | -2.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Invesco Ltd's Valuation vs Competitive Position
Valuation multiples vs the Investment Services industry average (142 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Investment Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 24.3x | - |
| EV / EBITDA | 132.9x | 12.5x | +120.4x |
| P/B | 1.1x | 3.6x | -2.5x |
| Return on Equity | -0.65 % | industry aggregate | -19.70 % |
| Return on Invested Capital | 8.59 % | 6.42 % (avg) | 2.17 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Invesco Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 4.05 % | 15.52 % | 0.59 % | 13.36 % | -14.12 % | -5.09 % | 6.27 % | 4.98 % |
| Operating Margin | -72.57 % | -2.02 % | 20.14 % | 27.23 % | 52.20 % | 43.92 % | 42.31 % | 46.29 % |
| Return on Invested Capital | -9.88 % | -0.26 % | 2.59 % | 4.07 % | 6.98 % | 5.55 % | 6.02 % | 7.23 % |
| P/E | 8.8x | 13.7x | 15.7x | 8.0x | 12.4x | - | 13.3x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Invesco Ltd's Strategic Group Map
Invesco Ltd is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Invesco Ltd's trailing-12-month revenue growth of 13.1% and operating margin of 46.7% compares with an average of 12.5% growth and 47.7% margin across its 8 closest peers by combined growth, margin and ROIC -- Invesco Ltd sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Invesco Ltd's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Invesco Ltd falls in the Dog quadrant: relative market share of 0.03x vs its largest competitor, in an industry growing revenue 9.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Invesco Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 580 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.40 % vs industry average 3.62 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Invesco Ltd's dedicated Suppliers and Customers pages, not here.
Invesco Ltd's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Invesco Ltd falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Invesco Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 6.7 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+4.6% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 19.7 points below the industry aggregate.
- Low relative market share vs the industry leader (0.03x).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-2.0% annualized).
Methodology: see Methodology: SWOT Analysis.
Invesco Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Invesco Ltd | 0.69 | 1.54 | 0.13 |
| Jpmorgan Chase and Co | 0.15 | 0.42 | 1.41 |
| Bank Of America Corporation | 0.10 | 0.52 | 1.27 |
| Morgan Stanley | 0.40 | 1.12 | 3.16 |
| The Goldman Sachs Group Inc | 0.43 | 0.79 | 3.30 |
| Wells Fargo and Company | 0.11 | 0.80 | 1.16 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Invesco Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Invesco Ltd | Q3 2026 | +13.5 % | -0.2 % |
| Jpmorgan Chase and Co | Q3 2026 | +10.2 % | +9.0 % |
| Bank Of America Corporation | Q3 2026 | +3.2 % | -16.8 % |
| Morgan Stanley | Q2 2026 | -30.6 % | +58.1 % |
| The Goldman Sachs Group Inc | Q3 2026 | -68.0 % | +29.2 % |
| Wells Fargo and Company | Q3 2026 | +5.4 % | +6.9 % |
| PEERS TOTAL | +5.3 % | +16.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Invesco Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Invesco Ltd | Q3 2026 | - | +62.6 % |
| Jpmorgan Chase and Co | Q3 2026 | -12.8 % | - |
| Bank Of America Corporation | Q3 2026 | - | - |
| Morgan Stanley | Q2 2026 | - | +7.3 % |
| The Goldman Sachs Group Inc | Q3 2026 | +8.6 % | -5.9 % |
| Wells Fargo and Company | Q3 2026 | +31.5 % | - |
Invesco Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Invesco Ltd | - | - | - |
| Jpmorgan Chase and Co | 1.34% | 1.65% | 17.70% |
| Bank Of America Corporation | 0.93% | 1.18% | 10.69% |
| Morgan Stanley | 1.35% | 1.95% | 17.85% |
| The Goldman Sachs Group Inc | 1.08% | 1.63% | 17.90% |
| Wells Fargo and Company | 1.04% | 1.23% | 12.78% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Invesco Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Invesco Ltd | - | 1.71 |
| Jpmorgan Chase and Co | 14.07 | 4.71 |
| Bank Of America Corporation | 11.79 | 2.90 |
| Morgan Stanley | 14.68 | 4.17 |
| The Goldman Sachs Group Inc | 12.49 | 6.18 |
| Wells Fargo and Company | 11.91 | 3.01 |
| PEERS AVERAGE | 12.11 | 2.92 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.