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T Rowe Price (TROW)
NASDAQ:TROW
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.46Last Year’s EPS
2.23Same Quarter Last Year
Moderate Sell
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveys a mixed but constructive picture: the firm delivered modest organic earnings and revenue growth, grew AUM to $1.78 trillion, launched products and partnerships, and showed strength in fixed income, ETFs, and alternatives fundraising. Offsetting these positives are significant net outflows concentrated in equities and mutual funds, one‑year performance weaknesses, declining performance‑based fees, and continued fee pressure from a shift to lower‑priced vehicles. Management emphasized strategic investments and expense discipline but acknowledged flow volatility and reliance on market returns.Company Guidance
Assets Under Management Growth
Closed 2025 with $1.78 trillion AUM, up over 10% from the start of the year despite significant net outflows; equity market appreciation added nearly $50 billion of equity AUM during the year.
Revenue and EPS Growth
Full-year adjusted diluted EPS of $9.72, up 4.2% vs. 2024; Q4 adjusted diluted EPS $2.44. Full-year adjusted net revenue nearly $7.4 billion, up 2.8% year-over-year.
Investment Advisory Revenue Upside
Q4 investment advisory revenue $1.7 billion, up 4.2% year-over-year; full-year investment advisory revenue $6.6 billion, up 3.1% vs. prior year.
Strong Product & Distribution Momentum
Launched 13 ETFs in 2025 (bringing total to 30) with ETF AUM over $21 billion at year-end; Q4 ETF net inflows $1.8 billion and full-year ETF net inflows nearly $10.5 billion.
Target Date Franchise Strength (Long-Term)
Long-term target date performance strong on asset-weighted basis with 81% (3-year), 55% (5-year), and 98% (10-year) of fund assets outperforming peers.
Fixed Income and Alternatives Performance
Fixed income: over 75% of fund assets beat peers across 1-, 3-, 5-, and 10-year periods. Alternatives and private credit saw strong year-end deployment and continued robust pipeline.
Capital Return and Cash Position
Generated over $2 billion of free cash flow in 2025 and returned nearly $1.8 billion to shareholders; buybacks for 2025 totaled $624.6 million (2.8% of shares outstanding). Held $3.8 billion of cash discretionary investments, up $735 million year-over-year.
Strategic Partnerships and Global Expansion
Announced strategic collaboration with Goldman Sachs (co-branded model portfolios live on GS platform) and January 2026 strategic partnership with First Abu Dhabi Bank; retirement product expansions into Japan, Hong Kong and Singapore.
Organizational & Technology Advances
Created Technology, Data & Operations and Global Strategy functions; advanced AI adoption and continued investment in tokenization, digital capabilities and a registered active crypto ETF effort.
OHA and Private Markets Fundraising
Oak Hill Advisors (OHA) achieved a second consecutive record fundraising year with over $16 billion of capital raised and T. Rowe Price closed first managed private equity fund (first close Jan 2026).
TROW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TROW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $102.66 | $97.02 | -5.49% |
Oct 31, 2025 | $100.89 | $101.29 | +0.39% |
Aug 06, 2025 | $103.12 | $102.89 | -0.22% |
May 02, 2025 | $84.85 | $88.25 | +4.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does T Rowe Price (TROW) report earnings?
T Rowe Price (TROW) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is T Rowe Price (TROW) earnings time?
T Rowe Price (TROW) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TROW EPS forecast?
TROW EPS forecast for the fiscal quarter 2026 (Q1) is 2.46.