T. Rowe Price releases transcript of Q2 2026 earnings call
TROW•Management outlook and capital return
Management expects H2 net flows to worsen on active equity redemptions, fewer large mandates, equity rebalancing, and a target-date pipeline lull.
- The ETF platform reached 34 funds with $30 billion in AUM.
- ETF net inflows were $4.4 billion.
- Management expects a slower U.S. launch pace.
- The expense outlook was raised to 4%–7% growth versus 2025, which had $4.6 billion in expenses.
- Q2 buybacks were $157 million.
- Cash and investments were $4.4 billion.
Q2 results and assets under management
T. Rowe Price released its Q2 2026 earnings call transcript with the CEO, CFO, and the co-head of Global Investments and newly named president.
- Q2 adjusted EPS was $2.57.
- Adjusted net revenue was $1.9 billion.
- Assets under management were $1.9 trillion.
- Net outflows were $6.5 billion.
