The financials
T. Rowe Price by the numbers
T. Rowe Price (TROW) reported revenue of $1.86B in Q1 2026 (quarter ended Mar 31, 2026), up 5.3% from the same quarter a year earlier. That came with net income of $498M (27% 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 Jun 2026 was Asset Management1 at $1.74B, 91% of the disclosed total, well ahead of Administrative Distribution Servicing And Other Fee at 7.6%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.86B | $1.76B | +5.3% |
| Operating income | $681M | $596M | +14% |
| Net income | $498M | $491M | +1.6% |
| Diluted EPS | $2.23 | $2.15 | +3.7% |
| 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% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $1.91B (+2.7%)
Asset Management1 grew +11% year on yearAdministrative Distribution Servicing And Other Fee -3.7% year on year
Segment Latestquarter on quarteryear on year
- Asset Management1$1.74B$1.74BQoQ +3.7%year on year +11%+3.7%+11%
- Administrative Distribution Servicing And Other Fee$144.2M$144.2MQoQ +4.2%year on year -3.7%+4.2%-3.7%
- Capital Allocation Based Income$11.9M$11.9MQoQ -58%year on year --58%-
- Performance Based Advisory Fees$6.5M$6.5MQoQ -13%year on year +1.6%-13%+1.6%
Asset Management
The closest names by size in the same industry