Invesco Ltd. Earnings Per Share Disclosure
| (In millions, except per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Net income/(loss) attributable to Invesco Ltd. | $ | (726.3) | $ | 538.0 | $ | (333.7) | |||||||||||
| Invesco Ltd: | |||||||||||||||||
| Weighted average common shares outstanding - basic | 452.6 | 457.0 | 454.8 | ||||||||||||||
| Dilutive effect of non-participating common share-based awards | 2.4 | 0.7 | 1.4 | ||||||||||||||
| Weighted average common shares outstanding - diluted | 455.0 | 457.7 | 456.2 | ||||||||||||||
| Earnings per common share: | |||||||||||||||||
| - basic | $ | (1.60) | $ | 1.18 | $ | (0.73) | |||||||||||
| - diluted | $ | (1.60) | $ | 1.18 | $ | (0.73) | |||||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.