T. Rowe Price Q3 2026 net income falls 5% year over year to $612.3 million
TROW•T. Rowe Price’s third-quarter 2026 net income fell 5% year over year to $612.3 million. Revenue rose 6% to $2 billion, while assets under management declined to $1.86 trillion and net client outflows totaled $28.3 billion.
1. Quarterly results
T. Rowe Price’s third-quarter 2026 diluted earnings fell year over year to $2.79 per share. Net revenues rose 6% to $2 billion, while non-operating income dropped 93% to $17.6 million.
2. Assets and outflows
Assets under management declined from the prior quarter to $1.86 trillion, with net client outflows of $28.3 billion. CEO Rob Sharps highlighted continued expansion of ETF, SMA and model portfolio businesses, improving investment performance and progress on strategic partnerships.
