Earnings Releases·Oct 29, 2026, 7:05 AM ET

T. Rowe Price Group — Third Quarter 2026 Earnings Summary

Net revenues increased 5.9% YoY to $2,004.9 million, while net income attributable to the company decreased 5.2% YoY to $612.3 million due to a sharp decline in non-operating income; adjusted diluted EPS rose 1.8% YoY to $2.86.
Assets under management (AUM) declined $30.7 billion to $1.86 trillion driven by $28.3 billion in net client outflows, though average AUM grew 9.5% YoY and investment advisory fees rose 5.8% YoY.
Operating expenses decreased 1.2% YoY and 9.6% sequentially, supported by a $4.0 million restructuring charge and ongoing expense management initiatives.
Full-year 2026 effective income tax rate guidance remains unchanged at 23.5% to 25.5% on both U.S. GAAP and adjusted bases.
Strategic focus continues on expanding ETF, SMA, and model portfolio businesses to extend active investment expertise, with management citing strong positioning for long-term value delivery despite rising interest rate impacts on fixed income holdings.