T. Rowe Price Group, Inc. · TROW · Next earnings

T. Rowe Price Group, Inc. reports Wednesday, Feb 3, 2027

TROW reports before market open with consensus EPS at $2.35 and revenue at $1.96B. Last quarter: T. Rowe Price sees Q4 flow improvement despite persistent outflows

Reports Before market open90 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $2.35 Calendar consensus
Consensus revenue $1.96B Calendar consensus
Report date Feb 3, 2027 Wednesday, date estimated
Session Before market open 90 days away

Where TROW left off: FY2026 Q3

Full report

T. Rowe Price sees Q4 flow improvement despite persistent outflows

EPS surprise +8.7% Reported $2.86 vs $2.63
Revenue surprise +1.4% Reported $2.00B vs $1.98B
Stock move +2.5% Event window
Subsequent drift 0.0% Up to 20 sessions

Management maintained its outlook and expects sequential improvement in flows during Q4; no new quantitative guidance was supplied in the analysis.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Continued outflows from active equity and mutual funds.
  • Execution and governance risk from AI integration and strategic initiatives.
  • Regulatory uncertainty around tokenization and ETF share-class structures.
  • Uncertainty over the timing and materiality of the F/m Investments acquisition.
  • Higher rates and inflation could affect client allocations.

Questions analysts left open

  • Whether Q4 flow improvement is sustainable.
  • The effect of active-equity headwinds on revenue.
  • The timeline and materiality of the F/m Investments acquisition.
  • The effectiveness and return on investment of AI spending.
  • Capital allocation between buybacks and dividends.

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Recent TROW quarters

All TROW earnings
+2.5%FY2026 Q3-6.3%FY2026 Q2+2.4%FY2026 Q1-5.5%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.