Invesco Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, on GAAP basis, the company reported operating revenues of $1,194.7 million against $1,239.7 million a year ago. Operating income was $294.2 million against $303.6 million a year ago. Net income attributable to the company was $226.5 million or $0.55 per basic and diluted share against $201.9 million or $0.48 per basic and diluted share a year ago. Income before income taxes was $311.0 million against $281.7 million a year ago. On adjusted basis, the company reported net revenues of $863.8 million against $886.1 million a year ago. Operating income was $336.0 million against $355.7 million a year ago. The company posted earnings of $0.59 per share, compared with the prior-year period's $0.58 per share. The firm's effective tax rate on pretax adjusted net income in fourth quarter was 27.7%. This increase in rate was driven by the FX rate movement impact on profit mix as well as by gains from FX - foreign currency hedge contracts.

For the year, on GAAP basis, the company reported operating revenues of $4,734.4 million against $5,122.9 million a year ago. Operating income was $1,176.4 million against $1,358.4 million a year ago. Net income attributable to the company was $854.2 million or $2.06 per basic and diluted share against $968.1 million or $2.26 per basic and diluted share a year ago. Income before income taxes was $1,206.6 million against $1,362.1 million a year ago. On adjusted basis, the company reported net revenues of $3,393.2 million against $3,643.2 million a year ago. Operating income was $1,312.8 million against $1,493.7 million a year ago. Net income attributable to the company was $924.1 million or $2.23 per diluted share against $1,048.7 million or $2.44 per diluted share a year ago.

For the year 2017, the company believes that its tax rate should stand at roughly 27%, which then brings the company adjusted EPS of $0.59 and the adjusted net operating margin of 38.9%.