T. Rowe Price Group, Inc. earnings overview

TROW FY2026 Q1 · Calendar Q2 2026

T. Rowe Price Group, Inc.

T. Rowe Price delivered a solid Q1 2026 with adjusted EPS up 13% year-over-year to $2.52, beating consensus of $2.33 by 8.2%. Revenue of $1.857 billion narrowly topped estimates. AUM stood at $1.71 trillion, down from $1.78 trillion at year-end 2025, as market depreciation and $13.7 billion of net outflows partially offset gross sales growth. The active ETF platform is gaining real traction: $2.8 billion of net inflows brought ETF AUM above $25 billion across 32 tickers. The OHA alternatives business scaled to $112 billion in assets with $30 billion in dry powder, expanding into wealth-distribution products. Management accelerated share repurchases to $340 million in the quarter. Guidance was maintained with expense growth projected at 3-6% above 2025 levels. The stock reacted positively, gaining 1.4% on the event day on volume 2.1x baseline, and drifted an additional 1.6% higher…