T. Rowe Price's investment thesis centers on its asset management model, where fee income constitutes 100% of revenue, and record AUM of $1.9 trillion with positive flows in May and June 2026 signals a potential inflection after prolonged outflows. The firm's ...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue is entirely fee-based (100% in 2026Q2), with the efficiency ratio improving to 28.5% from 43.6% in Q1, but provision expenses of $823.4 million distort net income, which rose to $632.0 million (EPS $2.88).
T. Rowe Price is focusing on expanding its offerings in ETFs, alternative investments, and personalized retirement products. Partnerships and product development are expected to drive growth in assets under management (AUM) and fee revenue.
The company's strategy includes a view that margins can increase, and share buybacks are anticipated to reduce the number of outstanding shares. These factors combined are expected to support higher earnings.
T. Rowe Price has a demonstrated ability to manage costs effectively, even in challenging revenue environments. The company's commitment to low single-digit growth in non-market expenses in the coming years suggests a disciplined approach that could maintain or improve profit margins.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 31, 2026 | $2.57+2.4% vs $2.51 | $1.9B+0.7% vs $1.9B |
Q2 2026 Apr 30, 2026 | $2.52+8.2% vs $2.33 | $1.9B+0.1% vs $1.9B |
Q1 2026 Feb 4, 2026 | $2.44-0.8% vs $2.46 | $1.9B+0.3% vs $1.9B |
Q4 2025 Oct 31, 2025 | $2.81+10.6% vs $2.54 | $1.9B+0.6% vs $1.9B |
Inflation is running hot, and rates look more likely to rise than fall, but these high-yielders shouldn't skip a beat on the dividend front.
T. Rowe Price (TROW) concluded the recent trading session at $104.23, signifying a -1.48% move from its prior day's close.
T. Rowe Price Group, Inc. TROW reported preliminary assets under management (AUM) of $1.90 trillion as of Aug. 31, 2026, reflecting a 1.6% increase from the prior month despite $7.9 billion in net outflows.
T. Rowe Price Group, Inc. TROW is expanding its active exchange-traded fund (ETF) offerings with the launch of the T. Rowe Price Securitized Income ETF (TSCZ).
Benchmark TROW against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for T. Rowe Price Group, Inc. (TROW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $104.18 | $22.32B | 11.26 | 3.12% | 28.53% | 17.76% | 4.9% | |
| $33.13 | $17.22B | 36.41 | 3.52% | 9.56% | 6.35% | — | |
| $30.85 | $13.68B | -19.28 | 4.75% | -0.93% | -0.48% | — | |
| $360.28 | $9.52B | 15.84 | 21.05% | 33.86% | 19.67% | — | |
| $130.31 | $870.75M | 6.53 | -7.13% | 15.72% | 11.02% | — | |
| $1066.66 | $165.33B | 30.11 | 18.32% | 24.4% | 10.5% | — |
T. Rowe Price Group, Inc. (TROW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
T. Rowe Price Group, Inc. (TROW) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 31, 2026·SEC
May 18, 2026·SEC
May 11, 2026·SEC
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T. Rowe Price Group, Inc. (TROW) stock FAQ — growth, dividends, profitability & financials explained
T. Rowe Price Group, Inc. (TROW) grew revenue by 3.1% over the past year. Growth has been modest.
Yes, T. Rowe Price Group, Inc. (TROW) is profitable, generating $2.22B in net income for fiscal year 2025 (28.5% net margin).
Yes, T. Rowe Price Group, Inc. (TROW) pays a dividend with a yield of 4.90%. This makes it attractive for income-focused investors.
T. Rowe Price Group, Inc. (TROW) has a return on equity (ROE) of 17.8%. This is reasonable for most industries.
T. Rowe Price Group, Inc. (TROW) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.
T. Rowe Price Group, Inc. (TROW) has an efficiency ratio of 32.7%. This is excellent, indicating strong cost control.
