Citable filing context
TROW's research view summarizes recent SEC filing context, starting with earnings from Jul 31, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 31, 2026 | earnings | T. Rowe Price reported Q2 2026 diluted EPS of $2.88 and $1.9 trillion in assets under management. |
| May 18, 2026 | management_change | T. Rowe Price appointed Eric L. Veiel as President, Co-Head of Global Investments and Chief Investment Officer. |
| May 11, 2026 | other | T. Rowe Price Group, Inc. reported results of its annual stockholder meeting held on May 7, 2026. |
| Jul 31, 2026 | Guidance: effective_tax_rate | 23.00 to 26.00 |
| Feb 8, 2024 | Guidance: effective_tax_rate | 23.00 to 27.00 |
| Feb 8, 2024 | Guidance: effective_tax_rate_non_gaap | 23.00 to 26.00 |
| Jul 31, 2026 | mda_quarterly | T. Rowe Price (TROW) reported assets under management (AUM) of $1,893.4 billion as of June 30, 2026, an increase of $183.7 billion during the second quarter. This growth was driven by $190.2 billion in market appreciation, which offset $6.5 billion in net cash outflows. The firm’s multi-asset division, anchored by $622 billion in target-date retirement products, remains a core component of its business. Financial performance improved, with second-quarter net revenues rising 10.7% to $1.9 billion, primarily due to higher average AUM. While investment advisory fees grew, the annualized effective fee rate declined slightly due to a mix shift toward lower-fee products. Operating margins expanded to 28.3% on a GAAP basis as revenue growth outpaced expenses. The firm continues to navigate industry-wide headwinds, including downward fee pressure and the shift toward passive strategies. To manage these challenges, TROW is executing a restructuring program to realign resources and control expense growth, while simultaneously investing in technology and distribution capabilities. The firm maintains a strong liquidity position, with $6.99 billion in cash and investments, and continues to return capital to shareholders through dividends and opportunistic share repurchases, having returned $4.3 billion since the end of 2023. |
| Apr 30, 2026 | mda_quarterly | T. Rowe Price reported assets under management (AUM) of $1,709.7 billion as of March 31, 2026, a $65.9 billion decrease from year-end 2025 driven by $52.2 billion in market depreciation and $13.7 billion in net cash outflows. Despite these outflows, net revenues rose 5.3% to $1,857.0 million, bolstered by higher average AUM and increased capital allocation-based income. The firm’s annualized effective fee rate declined to 38.4 basis points (excluding performance fees), reflecting a shift toward lower-fee products. Operating expenses remained tightly controlled, rising only 0.8% on a GAAP basis, as the firm executed a restructuring program to realign resources and offset inflationary pressures. While technology, occupancy, and facility costs increased by 12.8% due to strategic outsourcing, these were partially offset by lower advertising and product-related expenses. The firm maintains a strong liquidity position with $6.57 billion in cash and investments, enabling continued capital returns; during the quarter, T. Rowe Price repurchased $340.4 million in common stock and increased its quarterly dividend by 2.4%. Management remains focused on navigating industry-wide headwinds, including fee pressure and the ongoing migration from active to passive investment strategies, by investing in new technology and distribution capabilities. |
Source: SEC EDGAR filing text and events; period Jul 31, 2026; filed Jul 31, 2026.
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