Quarterly ResultApr 30, 2026, 12:50 PM
TROW Q1 Diluted EPS $2.23 (+3.7%); Net Revenue $1.86B (+5.3%)
AI Summary
T. Rowe Price Group reported a solid first quarter with diluted earnings per share increasing to $2.23, up 3.7% year-over-year. Net revenues rose 5.3% to $1.86 billion, driven by higher investment advisory fees and a positive swing in capital allocation-based income. The company also saw a 9.6% increase in average assets under management and significantly increased common stock repurchases to $333.5 million, demonstrating strong capital returns to shareholders.
Key Highlights
- Diluted EPS increased to $2.23, up 3.7% YoY.
- Net revenues rose 5.3% to $1.857 billion.
- Net operating income grew 14.1% to $680.5 million.
- Average Assets Under Management (AUM) increased 9.6% to $1,775.8 billion.
- Investment advisory fees increased 5.3% to $1.683 billion.
- Repurchased $333.5 million of common stock, up from $215.2 million.
- Net cash provided by operating activities increased 30.2% to $824.3 million.
- Declared dividends of $1.30 per share, up from $1.27 per share.
Price Impact
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