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Inferra AI / Company / TROW

T. Rowe Price

TROW · Financials

Last earnings Oct 29, 2026  ·  Next earnings Jan 1, 2027

Key results

Adjusted EPSquarter

$2.81

Adjusted diluted EPS of $2.81 Returned $442 million to stockholders from the recurring quarterly dividend and stock repurchases Rob Sharps, chair, CEO, and president, commented

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Net revenuequarter

4.4 %

GAAP basis Investment advisory fees $ 1,698.7 $ 1,627.3 4.4 % $ 1,567.6 8.4 % Capital allocation-based income (2) $ 42.0 $ 4.6 n m $ (0.4) n m Net revenues $ 1,893.5 $ 1,785.6 6.0 % $ 1,723.3 9.9 % Operating expenses $ 1,250.3 $ 1,172.0 6.7 % $ 1,245.0 0.4 % Net operating income $ 643.2 $ 613.6 4.8 % $ 478.3 34.5 % Non-operating income (loss) $ 238.4 $ 212.5 n m $ 235.5 n m Net income - T.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Diluted EPSquarter

7.1 %

$ 646.1 $ 603.0 7.1 % $ 505.2 27.9 % Diluted earnings per common share $ 2.87 $ 2.64 8.7 % $ 2.24 28.1 % Adjusted basis (3) Operating expenses $ 1,134.4 $ 1,099.0 3.2 % $ 1,147.2 (1.1) % Operating expenses, excluding accrued carried interest related compensation $ 1,111.8 $ 1,087.4 2.2 % $ 1,133.9 (1.9) % Net operating income $ 774.1 $ 718.4 7.8 % $ 614.4 26.0 % Non-operating income (loss) $ 50.2 $ 51.2 (2.0) % $ 47.1 6.6 % Net income - T.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Net revenues in Q3 2025 were $1.9 billion, an increase of 6.0% from Q3 2024 and 9.9% from Q2 2025.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Net incomequarter

22.8 %

federal income tax rate 21.0 % 21.0 % State income taxes for current year, net of federal income tax benefits (1) 2.5 2.7 Net (income) losses attributable to redeemable non-controlling interests (2) (1.0) (0.6) Net excess tax losses (benefits) from stock-based compensation plans activity (0.2) (0.2) Valuation allowances (0.2) 0.3 Other items 0.7 0.3 Effective income tax rate 22.8 % 23.5 % Adjusted effective income tax rate 23.8 % 24.1 % (1) State income tax benefits are reflected in the total benefits for net income attributable to redeemable non-controlling interests and stock-based compensation plans activity.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

AI analysis

Q3 2025 · reported Oct 31, 2025

Based on: Earnings release + parent 8-K — transcript not held

Adjusted EPS · Q3 2025
$2.81
EX-99 · Oct 31, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
Adjusted EPS$2.81$2.24—
Net revenue4.4 %$1.7 billion—
Diluted EPS7.1 %$2.24—
Net income22.8 %23.1 %—

EX-99 · Oct 31, 2025

Guidance · company-stated

effective tax rate

“for the full year 2025 will be in the range of 23.0% to 26.0%”

Guidance stated in the release for the full year 2025; figures as stated.

Next earningsJan 1, 2027Verified from the company’s own announcement

Capital allocation

Diluted EPS$1.77T
EPS$2.87
Adjusted EPS$2.81

Quarter-end assets under management (AUM) of $1.77 trillion Net client outflows of $7.9 billion Diluted earnings per common share (EPS) of $2.87 Adjusted diluted EPS of $2.81 Returned $442 million to stockholders from the recurring quarterly dividend and stock repurchases Rob Sharps, chair, CEO, and president, commented, We reached an end of period high with $1.77 trillion in AUM as of September 30 and created an opportunity to bring innovative new solutions to market for our clients with our recently announced strategic collaboration with Goldman Sachs.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

EX-99 2 earningsreleaseq32025.htm EX-99.1 Document NEWS RELEASE T

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

effective tax rate: “effective tax rate for the full year 2025 will be in the range of 23.0% to 26.0%”

effective tax rate (“the full year 2025”)
“The firm estimates that its effective tax rate for the full year 2025 will be in the range of 23.0% to 26.0% on a U.”

Guidance stated in the release for the full year 2025; figures as stated.

Capital allocation

Quarter-end assets under management (AUM) of $1.77 trillion Net client outflows of $7.9 billion Diluted earnings per common share (EPS) of $2.87 Adjusted diluted EPS of $2.81 Returned $442 million to stockholders from the recurring quarterly dividend and stock repurchases Rob Sharps, chair, CEO, and president, commented, We reached an end of period high with $1.77 trillion in AUM as of September 30 and created an opportunity to bring innovative new solutions to market for our clients with our recently announced strategic collaboration with Goldman Sachs.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Certain statements in this earnings release may represent forward-looking information, including information relating to anticipated changes in revenues, our operations, expenses, earnings, liquidity, cash flows and capital expenditures, industry or market conditions, amount or composition of assets under management, flows into our investment funds, regulatory developments, changes in our effective fee rate, demand for and pricing of our products, new products and services, effective tax rates, net income and earnings per common share, future transactions, our strategic initiatives, dividends, stock repurchases, U.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Strategy & priorities

Quarter-end assets under management (AUM) of $1.77 trillion Net client outflows of $7.9 billion Diluted earnings per common share (EPS) of $2.87 Adjusted diluted EPS of $2.81 Returned $442 million to stockholders from the recurring quarterly dividend and stock repurchases Rob Sharps, chair, CEO, and president, commented, We reached an end of period high with $1.77 trillion in AUM as of September 30 and created an opportunity to bring innovative new solutions to market for our clients with our recently announced strategic collaboration with Goldman Sachs.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

(3) The alternatives asset class includes strategies authorized to invest more than 50% of its holdings in private credit, leveraged loans, mezzanine, real assets CRE, structured products, stressed distressed, non-investment grade CLOs, special situations, business development companies, or that have absolute return as its investment objective.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Generally, only those strategies with longer than daily liquidity are included.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

The firm's multi-asset investment division provides advisory solutions including investment insights, strategic asset allocation design, tactical asset allocation recommendations, and portfolio rebalancing services.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Performance-based fees earned in each of these periods were almost entirely in alternatives strategies.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

What changed vs prior quarter

Adjusted EPS — prior quarter passage and this quarter's passage are both cited.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Net revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Diluted EPS — prior quarter passage and this quarter's passage are both cited.

SEC original ↗T. Rowe Price — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Documents

Earnings deck slides

0 decks with slide view

T. Rowe Price — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

T. Rowe Price — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

T. Rowe Price — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

T. Rowe Price — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

T. Rowe Price — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Arthur J. Gallagher & Co. (AJG) FinancialsSun Life Financial (SLF) FinancialsRaymond James Financial (RJF) FinancialsAflac (AFL) FinancialsING Group (ING) FinancialsNorthern Trust (NTRS) FinancialsCincinnati Financial (CINF) FinancialsCoinbase (COIN) Financials

Filings

34 documents

Earnings releases

12 documents

Presentations

5 documents

Transcripts

0 documents

No transcripts for T. Rowe Price are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention T. Rowe Price by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.