T. Rowe 1Q Profit Up as Rising Asset Values Offset Client Outflows

Dow Jones

Apr 30

By Rob Curran

T. Rowe Price Group's first-quarter net income rose as an increase in asset prices offset fund outflows.

The Baltimore fund-management giant posted earnings of $498.2 million, or $2.23 a share, up from $490.5 million, or $2.15 a share, a year earlier.

Stripping out certain one-off items, T.Rowe posted adjusted earnings of $2.52 a share, far surpassing the mean analyst target of $2.33 a share, as per FactSet.

Revenue rose 5.3% to $1.86 billion, in line with the average analyst target.

The company ended the quarter with $1.71 trillion in assets under management, up 9.2% from a year earlier. Net client outflows amounted to $13.7 billion.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

April 30, 2026 07:40 ET (11:40 GMT)

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Rowe 1Q Profit Up as Rising Asset Values Offset Client Outflows\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-30 19:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Rob Curran \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  T. Rowe Price Group's first-quarter net income rose as an increase in asset prices offset fund outflows. \n</p>\n<p>\n  The Baltimore fund-management giant posted earnings of $498.2 million, or $2.23 a share, up from $490.5 million, or $2.15 a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-off items, T.Rowe posted adjusted earnings of $2.52 a share, far surpassing the mean analyst target of $2.33 a share, as per FactSet. \n</p>\n<p>\n  Revenue rose 5.3% to $1.86 billion, in line with the average analyst target. \n</p>\n<p>\n  The company ended the quarter with $1.71 trillion in assets under management, up 9.2% from a year earlier. 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Rowe Price Group's first-quarter net income rose as an increase in asset prices offset fund outflows. \n\n\n  The Baltimore fund-management giant posted earnings of $498.2 million, or $2.23 a share, up from $490.5 million, or $2.15 a share, a year earlier. \n\n\n  Stripping out certain one-off items, T.Rowe posted adjusted earnings of $2.52 a share, far surpassing the mean analyst target of $2.33 a share, as per FactSet. \n\n\n  Revenue rose 5.3% to $1.86 billion, in line with the average analyst target. \n\n\n  The company ended the quarter with $1.71 trillion in assets under management, up 9.2% from a year earlier. Net client outflows amounted to $13.7 billion. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@dowjones.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 30, 2026 07:40 ET (11:40 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}