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T. Rowe Price Group, Inc. (TROW)

106.63 +2.63 (+2.53%)
At close: 4:00:00 PM EDT
106.63 0.00 (0.00%)
After hours: 4:00:13 PM EDT
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TROW Q3 2026 earnings call
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T. Rowe Price reported a stronger-than-expected third quarter, with adjusted EPS (earnings per share) of $2.86and revenue of $2.0 billion. Growth in advisory fees, fixed-income products, exchange-traded funds, and separately managed accounts offset continued client outflows, while management expects sequential flow improvement and plans an acquisition in early 2027.

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  • Previous Close 104.00
  • Open 106.95
  • Bid 100.63 x 100
  • Ask 112.18 x 100
  • Day's Range 104.14 - 107.37
  • 52 Week Range 85.22 - 122.00
  • Volume 2,229,548
  • Avg. Volume 1,752,714
  • Market Cap (intraday) 22.746B
  • Beta (5Y Monthly) 1.47
  • PE Ratio (TTM) 10.71
  • EPS (TTM) 9.96
  • Earnings Date Oct 29, 2026
  • Forward Dividend & Yield 5.20 (5.00%)
  • 1y Target Est 106.08
  • Morningstar Rating Rating available with Stock Picks access

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in North America, Europe, Asia, Australia.

www.troweprice.com

7,544

Full Time Employees

December 31

Fiscal Year Ends

Asset Management

Industry

Recent News

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Performance Overview

Trailing total returns as of 10/29/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

TROW
8.30%
S&P 500 (^GSPC)
12.78%

1-Year Return

TROW
8.43%
S&P 500 (^GSPC)
12.04%

3-Year Return

TROW
39.62%
S&P 500 (^GSPC)
87.51%

5-Year Return

TROW
38.36%
S&P 500 (^GSPC)
67.64%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 2.01B
Earnings 595.1M
Profit Margin 29.62%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
500M
1B
2B
2B
24.0%
26.0%
28.0%
30.0%
32.0%

Analyst Insights

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Analyst Price Targets

90.00 Low
106.08 Average
106.63 Current
116.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/23/2026
Analyst Morgan Stanley
Rating Action Maintains
Rating Equal-Weight
Price Action Raises
Price Target 110 -> 112

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    29.26%

  • Return on Assets (ttm)

    10.66%

  • Return on Equity (ttm)

    19.40%

  • Revenue (ttm)

    7.59B

  • Net Income Avi to Common (ttm)

    2.17B

  • Diluted EPS (ttm)

    9.96

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.23B

  • Total Debt/Equity (mrq)

    3.70%

  • Levered Free Cash Flow (ttm)

    2.02B

Company Insights

Research Reports

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