T. Rowe Price Q1 Adjusted EPS Beats Estimates, AUM Tops $1.71 Trillion
T. Rowe Price posted Q1 profit of $498.2 million, or $2.23 per share, with adjusted EPS of $2.52 beating the $2.37 consensus estimate. The firm reported revenue of $1.86 billion and managed $1.71 trillion in client assets as of March 31, 2026.
1. Earnings and Profit
T. Rowe Price reported first-quarter profit of $498.2 million, translating to $2.23 per share. Adjusted for non-recurring items and M&A costs, EPS came in at $2.52, outperforming the $2.37 analyst consensus.
2. Revenue Performance
The firm generated $1.86 billion in revenue, matching Street forecasts. Revenue stability reflects consistent fee income across equity and fixed-income strategies.
3. Assets Under Management
Client assets under management reached $1.71 trillion as of March 31, 2026, with roughly two-thirds in retirement-related accounts. Growth in institutional and retail inflows supported the AUM total.
4. Q1 Webcast and Alternatives Update
CEO Rob Sharps and CFO Jen Dardis hosted a webcast reviewing financial results and business performance. Glenn August, CEO of OHA, provided an update on the firm’s alternatives business strategy and expansion plans.