Invesco (IVZ) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continued downward trend observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continued downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-1.7%
Change from the immediately preceding quarter.
Year-over-year
-13.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.5B | -11.1% |
| Sep 30, 2022 | $1.4B | -17.4% |
| Dec 31, 2022 | $1.4B | -18.1% |
| Mar 31, 2023 | $1.4B | -13.0% |
Revenue performance
Reported revenue was lower than the prior quarter, marking a modest sequential decline. The year-over-year comparison showed a more pronounced decrease from the same period a year ago.
Quarterly comparison
Compared with the preceding quarter, revenue edged lower, while the decline from the same quarter one year earlier was substantially larger. The trailing twelve-month revenue also reflected the overall downward trajectory.
What to watch
The persistent revenue decline across multiple quarters warrants monitoring of any shifts in the underlying drivers.