TROW
T. Rowe Price Group, Inc.103.92
+0.30+0.29%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
22.83BP/E (TTM)
11.33Basic EPS (TTM)
9.17Dividend Yield
0.05%Recent Filings
8-K
T. Rowe Price adds two directors
T. Rowe Price Group expanded its board from 11 to 13 directors on October 13, 2025, electing independent directors Allan Golston, president of the Gates Foundation's U.S. program with finance and global health expertise, and Richard Verma, Mastercard's chief administrative officer and former U.S. ambassador to India, who returns after serving from 2018 to 2023. Golston joins the Audit and Executive Compensation committees; Verma, the Nominating and Executive Compensation committees. Their insights in finance, policy, and international affairs will guide growth. Board refreshment bolsters strategic oversight.
8-K
Strategic collaboration announced
T. Rowe Price announced a strategic collaboration with Goldman Sachs on September 4, 2025, to develop diversified public-private investment solutions for retirement and wealth investors. Goldman Sachs plans open-market purchases of up to $1 billion in T. Rowe Price stock, targeting 3.5% ownership. Key initiatives include co-branded target-date strategies launching mid-2026, model portfolios, and multi-asset offerings blending private equity, credit, and infrastructure. This partnership bolsters access to private markets while leveraging combined expertise.
8-K
T. Rowe Price Q2 AUM grows
T. Rowe Price reported Q2 2025 results with assets under management hitting $1.68 trillion, up 6.9% from last year, fueled by $125.4 billion in market gains but offset by $14.9 billion in net outflows. Revenues dipped 0.6% to $1.7 billion amid a lower 39.6 bps effective fee rate, while expenses climbed 6.5% to $1.245 billion, squeezing GAAP net operating income 15.3% to $478.3 million; yet EPS rose 6.2% to $2.24. Outflows persist. The firm eyes efficiency gains to counter headwinds.
10-Q
Q2 FY2025 results
T. Rowe Price's Q2 FY2025 net revenues dipped 0.6% y/y to $1,723.3M, with investment advisory fees flat at $1,567.6M despite 3.6% higher average AUM of $1,588.8B, as shifts to lower-fee products trimmed the effective rate to 39.7 bps from 41.6 bps. Operating expenses climbed 6.5% y/y to $1,245.0M, driven by higher compensation and technology costs, squeezing net operating income 15.3% y/y to $478.3M and the margin to 27.8%. Diluted EPS rose 6.2% y/y to $2.24, boosted by $235.5M in non-operating gains (up sharply y/y) and a lower 22.1% tax rate; YTD EPS fell 4.8% to $4.38 on softer operating trends. Cash swelled to $3,058.9M, funding $326.1M in repurchases and $574.9M in dividends, while free cash flow (derived) of $1,018.6M supported liquidity. Non-GAAP metrics not disclosed in the 10-Q. Yet outflows persist.
8-K
Stockholders affirm board, reject parachute curbs
T. Rowe Price's stockholders overwhelmingly elected all 11 director nominees at the May 8, 2025 annual meeting, with votes for ranging from 150 million to 160 million amid 25.6 million broker non-votes. They ratified KPMG as auditors with 180 million yes votes but rejected a proposal for shareholder approval of excessive golden parachutes by a 102 million to 61 million margin. Say-on-pay passed handily at 146 million for. Board continuity holds firm.
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