Quarterly ResultJul 31, 2026, 01:04 PM
T. Rowe Price Q2 Diluted EPS $2.88; Net Income $632M
AI Summary
T. Rowe Price Group reported strong financial results for the second quarter of 2026, with diluted EPS increasing 28.6% to $2.88 and net income attributable to the group rising 25.1% to $632.0M. Net revenues grew 10.7% to $1,907.4M, driven by an 11.3% increase in investment advisory fees. The company's average Assets Under Management (AUM) also saw significant growth, up 15.7% to $1,837.7B. Additionally, the company consolidated a new collateralized loan obligation (CLO) offering during the quarter.
Key Highlights
- Diluted EPS for Q2 2026 was $2.88, a 28.6% increase from $2.24 in Q2 2025.
- Net income attributable to T. Rowe Price Group for Q2 2026 rose 25.1% to $632.0M.
- Net revenues for Q2 2026 increased 10.7% to $1,907.4M.
- Average Assets Under Management (AUM) for Q2 2026 grew 15.7% to $1,837.7B.
- Investment advisory fees for Q2 2026 were $1,744.8M, up 11.3% YoY.
- Net cash provided by operating activities for the six months ended June 30, 2026, was $1,341.6M.
- Common stock repurchases totaled $500.8M for the six months ended June 30, 2026.
Price Impact
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