Revenue segments as reported by the company.

Investment advisory fees

Capital allocation-based income

Administrative, distribution, and servicing fees

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Compensation and related costs

Distribution and servicing

Advertising and promotion

Product and recordkeeping related costs

Technology, occupancy, and facility costs

General, administrative, and other

Contingent consideration fair value adjustments

Acquisition-related amortization and impairment costs

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

T. Rowe Price Group

T. Rowe Price Group, Inc. is a global investment management organization, which engages in the provision of investment management services. The firm provides an array of mutual funds, sub advisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. It also offers investment planning and guidance tools. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

T. Rowe Price reports resilient Q1 performance amid market challenges

T. Rowe Price Group navigated Q1 with solid financial performance, focusing on client delivery and innovation amidst market challenges, while managing AUM of $1.3 trillion.
Despite net outflows in certain strategies, the company's revenue growth and cost management strategies demonstrate resilience and a commitment to long-term growth.
Challenges in expense management and organic growth are being addressed, while opportunities in M&A, international expansion, and product diversification offer avenues for future growth and market leadership.

T. Rowe Price Group reports improved performance and explores AI opportunities

T. Rowe Price Group's Q2 earnings call showcased improved performance, cost-saving measures, and a focus on long-term growth strategies. The company faces challenges in balancing expense cuts with maintaining performance post-layoffs but sees opportunities in AI applications and driving flows through strategic initiatives.

T. Rowe Price Group reports solid performance amidst net outflows

T. Rowe Price Group's Q3 2023 earnings call highlighted solid investment performance, record flows in the Target Date franchise, and a focus on cost management amidst challenges of net outflows. The company remains optimistic about future growth opportunities and the value proposition of their retirement date funds.

T. Rowe Price reports strong Q4 performance and outlines growth

T. Rowe Price Group (TROW) showcased strong performance, highlighted growth opportunities, and addressed challenges during the Q4 2023 Earnings Call.
The company's focus on strategic initiatives, improved sales, and international markets positions it for a positive outlook in 2024.
Investors can expect continued emphasis on fixed income capabilities, share repurchases, and value creation through acquisitions.
Analysts' inquiries into various aspects of the business reflect a keen interest in T. Rowe Price's financial performance and strategic direction.

T. Rowe Price Group reports robust Q1 performance and eyes global retirement market

T. Rowe Price Group delivered strong financial performance in Q1 2024, driven by asset growth, improved investment performance, and increased earnings per share.
While facing challenges such as expense impacts and fluctuating fee structures, the company remains confident in its ability to meet client needs and navigate market dynamics.
Opportunities lie in expanding retirement solutions, leveraging global client relationships, and maintaining competitiveness through value proposition and fee strategies.

T. Rowe Price Group reports solid Q2 performance and growth

T. Rowe Price Group demonstrated strong performance in AUM and fund outperformance, particularly in equity and fixed income.
While facing challenges with net outflows, the company showcased growth in ETF business and financial metrics.
Opportunities exist in expanding ETF offerings, addressing outflows, and launching innovative products to drive future growth.

T. Rowe Price reports solid Q3 earnings and eyes growth opportunities

T. Rowe Price Group's Q3 2024 performance reflects resilience in asset management despite net outflows. The company's focus on expanding its ETF business and launching innovative retirement solutions, along with strong financial results, positions it well for future growth. Addressing challenges related to net outflows and capitalizing on growth opportunities will be key for T. Rowe Price's success.

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Cost of revenue

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EBITDA

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Minority interest

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Book value per share

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Change in stock

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Free cash flow

T. Rowe Price Group, Inc. engages in the provision of investment management services. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.

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While the top- and bottom-line numbers for T. Rowe (TROW) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

T. Rowe (TROW) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

T. Rowe Price Group, Inc. (NASDAQ:TROW ) Q2 2024 Earnings Call Transcript July 26, 2024 8:00 AM ET Company Participants Linsley Carruth - Director of IR Rob Sharps - CEO and President Jen Dardis - CFO Eric Veiel - Head of Global Investments Conference Call Participants Glenn Schorr - Evercore ISI Dan Fannon - Jefferies Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Brian Bedell - Deutsche Bank Michael Cyprys - Morgan Stanley Brennan Hawken - UBS Alexander Blostein - Goldman Sachs Bill Katz - TD Cowen Operator Good morning. My name is Daniel, and I will be your conference facilitator today.

T. Rowe Price Group, Inc. (TROW) Q2 2024 Earnings Call Transcript

T. Rowe Price (TROW) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $2.02 per share a year ago.

T. Rowe Price (TROW) Q2 Earnings Beat Estimates

BALTIMORE , July 26, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported its financial results for the second quarter of 2024.

T. ROWE PRICE GROUP REPORTS SECOND QUARTER 2024 RESULTS

T. Rowe Price Group, Inc. TROW will release its second quarter financial results, after the closing bell on Friday, July 26.

Top Wall Street Forecasters Revamp T. Rowe Price Expectations Ahead Of Q2 Earnings

Sustainable Investment Award Recognizes T. Rowe Price and International Finance Corporation's Partnership to Grow the Blue Bond Market BALTIMORE , July 25, 2024 /PRNewswire/ -- The pioneering initiative to improve access to blue finance projects, forged late last year from the partnership between T.

T. ROWE PRICE, IFC VENTURE AWARDED ESG INVESTMENT INITIATIVE OF THE YEAR, AMERICAS, BY ENVIRONMENTAL FINANCE

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We have narrowed our search to five investment management stocks. These are: TROW, JHG, HLNE, APAM, SEIC.

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T. Rowe Price's (TROW) AUM balance in the second quarter of 2024 is expected to witness a continued uptrend, driven by favorable equity market performance, partially offset by net outflows.

Decent Equity Market to Aid T. Rowe Price (TROW) in Q2 Earnings

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Why T. Rowe Price (TROW) is a Top Momentum Stock for the Long-Term

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New York, New York, July 16, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”), a leading global credit-focused alternative asset manager, and One Investment Management (“OneIM”), a global alternative investment manager, today announce the formation of a partnership to invest in European private credit. The new venture has initially up to $5 billion of investable capital which will help address the needs of European borrowers. Both firms will benefit from the partnership's size and scale, as well as the teams' combined sourcing and origination capabilities.

OHA and OneIM Launch a Partnership to Invest in European Private Credit

T. Rowe Price has faced challenges with underperformance and outflows in major equity funds, leading to a sell recommendation last fall. Recent positive turnaround in AUM growth driven by successful performance of active ETFs and strategic expansion of product offerings. Anticipated Federal Reserve interest rate cuts are expected to benefit T. Rowe Price's bond funds and provide a boost to the firm's prospects, making it a now a buy.

T. Rowe Price: Low Interest Rate Play (Rating Upgrade)

T. Rowe (TROW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will T. Rowe (TROW) Beat Estimates Again in Its Next Earnings Report?

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Intermediate Municipal Income ETF began trading on NASDAQ today BALTIMORE , July 10, 2024 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm, announced today the addition of its first federally tax-free fixed income exchange-traded fund (ETF) to its active ETF roster.

T. ROWE PRICE LAUNCHES ITS FIRST ACTIVE TAX-FREE BOND EXCHANGE-TRADED FUND

Investors looking for stocks in the Financial - Investment Management sector might want to consider either Janus Henderson Group plc (JHG) or T. Rowe Price (TROW).

JHG vs. TROW: Which Stock Is the Better Value Option?

JHG vs. TROW: Which Stock Should Value Investors Buy Now?

The asset management industry saw strong performance post-2020, but returns have been lackluster due to economic stagnation and fee competition. T. Rowe is struggling to compete with technologically focused powerhouses like Vanguard and BlackRock, which are seeing greater AUM growth due to their lower fees. Low investor cash allocations today may be a limiting factor for year-ahead AUM growth.

T. Rowe Price: AUM Stagnation Likely To Continue, With Heightened Outflow Risks

Eversource Energy

UPS, T. Rowe Price, and Eversource Energy each have dividend yields exceeding 4%, suggesting undervaluation. Despite near-term challenges, all three companies retain competitive advantages and long-term growth potential. UPS benefits from distribution scale, T. Rowe Price has a retirement fund franchise that performs well, and Eversource is a regulated monopoly, making them attractive buys.

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New York, New York, June 25, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a private unitranche facility to support a recapitalization of MedVet. MedVet is a founder and veterinarian owned platform that operates a leading network of specialty and emergency veterinary hospitals across the U.S. OHA was the sole lender of the private unitranche facility, consisting of a term loan and delayed draw term loan.

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MedVet, the largest independent network of veterinarian owned and led hospitals, receives financing supporting growth in specialty healthcare for pets.

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Active Investing Appears Primed to Favor Shifting Market Conditions and Identify Pockets of Opportunity for Investors BALTIMORE , June 20, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, released its outlook for global financial markets for the remainder of 2024.

News for T. Rowe Price Group Stock (TROW)