TROWT. Rowe Price
The financials
T. Rowe Price by the numbers
T. Rowe Price (TROW) reported revenue of $2.00B in Q3 2026 (quarter ended Sep 30, 2026), up 5.9% from the same quarter a year earlier. That came with net income of $612M (31% of revenue). For the full year FY2025, revenue was $7.31B (+3.1% year on year) and net income $2.09B. Its largest product in Q2 2026 (quarter ended Jun 30, 2026) was Asset Management1 at $1.74B, 91% of the disclosed total, well ahead of Administrative Distribution Servicing And Other Fee at 7.6%. The next results filing is expected around Feb 3, 2027, the same week as a year ago.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $2.00B | $1.89B | +5.9% |
| Operating income | $770M | $643M | +20% |
| Net income | $612M | $646M | −5.2% |
| Diluted EPS | $2.79 | $2.87 | −2.8% |
| Product | Revenue | Share |
|---|---|---|
| Asset Management1 | $1.74B | 91% |
| Administrative Distribution Servicing And Other Fee | $144M | 7.6% |
| Capital Allocation Based Income | $12M | 0.6% |
| Performance Based Advisory Fees | $6.5M | 0.3% |
Over its last three fiscal years T. Rowe Price booked income tax of 24.5% of its pretax profit, above the 21.3% median for US companies in our tax study.
Business segments
Revenue split by product segment, from SEC XBRL filings.
- Asset Management1$1.74B$1.74Bvs last quarter +3.7%vs a year ago +11%+3.7%+11%
- Administrative Distribution Servicing And Other Fee$144.2M$144.2Mvs last quarter +4.2%vs a year ago -3.7%+4.2%-3.7%
- Capital Allocation Based Income$11.9M$11.9Mvs last quarter -58%vs a year ago n/a-58%n/a
- Performance Based Advisory Fees$6.5M$6.5Mvs last quarter -13%vs a year ago +1.6%-13%+1.6%
Asset Management
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