The earnings call reflected a mixed sentiment. While there were strong performances in long-term investment, retirement solutions, and ETF growth, significant net outflows, challenges in equity strategies, and pressure on fee rates indicated some ongoing challenges.

Company Guidance -

Q3 2025

During T. Rowe Price's Second Quarter 2025 Earnings Conference Call, the company provided several key metrics and strategic insights. The company reported an adjusted diluted earnings per share of $2.24, consistent with prior periods, amidst a challenging quarter with $14.9 billion in net outflows primarily driven by U.S. equities. Despite this, there were positive net flows across fixed income, multi-asset, and alternatives. T. Rowe Price's Target Date suite reached over $520 billion in assets under management (AUM), and their ETF products saw over $6 billion in inflows, with 11 ETFs scaling over $500 million in AUM. The company continues to expand its ETF offerings, now totaling 24, and is focusing on maintaining low single-digit expense growth rates through efficiency improvements and strategic partnerships. Additionally, T. Rowe Price plans to include model delivery assets in its AUM starting August 12, reflecting a broader strategic shift to capture growth in various investment vehicles.

Strong Long-term Investment Performance

Over half of the strategies beat their peer groups for 3-, 5-, and 10-year periods, with 65%, 58%, and 78% of assets outperforming peer group medians respectively.

Success in Retirement Solutions

Target Date suite surpassed $0.5 trillion in assets under management, totaling over $520 billion, with strong inflows in retirement solutions and addition of 20-70 vintages.

Continued Growth in ETFs

ETF products saw over $6 billion in inflows year-to-date, with 11 ETFs scaling over $500 million in AUM, expanding the product line significantly.

Positive Net Flows in Fixed Income

Achieved six consecutive quarters of positive net flows in fixed income.

Recognition of Portfolio Manager Excellence

David Giroux was named U.S. Morningstar outstanding portfolio manager for the allocation category for the third time.

T Rowe Price (TROW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TROW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	2.42 / -	2.57	―	―	―
Aug 06, 2025	2025 (Q2)	2.24 / 2.24	2.26	-0.88% (-0.02)
May 02, 2025	2025 (Q1)	2.13 / 2.23	2.38	-6.30% (-0.15)
Feb 05, 2025	2024 (Q4)	2.19 / 2.12	1.72	23.26% (+0.40)
Nov 01, 2024	2024 (Q3)	2.34 / 2.57	2.17	18.43% (+0.40)
Jul 26, 2024	2024 (Q2)	2.27 / 2.26	2.02	11.88% (+0.24)
Apr 26, 2024	2024 (Q1)	2.04 / 2.38	1.69	40.83% (+0.69)
Feb 08, 2024	2023 (Q4)	1.62 / 1.72	1.74	-1.15% (-0.02)
Oct 27, 2023	2023 (Q3)	1.81 / 2.17	1.86	16.67% (+0.31)
Jul 28, 2023	2023 (Q2)	1.73 / 2.02	1.79	12.85% (+0.23)

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
Aug 06, 2025	$105.65	$105.42	-0.22%
May 02, 2025	$86.94	$90.42	+4.00%
Feb 05, 2025	$112.42	$107.71	-4.19%
Nov 01, 2024	$105.79	$107.91	+2.00%

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 Oct 23, 2025, Before Open (Confirmed).

What is T Rowe Price (TROW) earnings time?

T Rowe Price (TROW) earnings time is at Oct 23, 2025, 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 2025 (Q3) is 2.42.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing