The financials
T. Rowe Price by the numbers
T. Rowe Price (TROW) reported revenue of $1.86B in Q1 2026 (quarter ended March 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 2026-Q1 was Asset Management1 at $1.68B, 91% of the disclosed total, just ahead of Administrative Distribution Servicing And Other Fee at 7.5%.
| 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 | $1.68B | 91% |
| Administrative Distribution Servicing And Other Fee | $138M | 7.5% |
| Capital Allocation Based Income | $28M | 1.5% |
| Performance Based Advisory Fees | $7.5M | 0.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $1.86B (-1.9%)
Asset Management1 grew +5.3% year on yearPerformance Based Advisory Fees -28% year on year
Segment Latestquarter on quarteryear on year
- Asset Management1$1.68B$1.68BQoQ -0.92%year on year +5.3%-0.92%+5.3%
- Administrative Distribution Servicing And Other Fee$138.4M$138.4MQoQ -5.5%year on year -11%-5.5%-11%
- Capital Allocation Based Income$28.1M$28.1MQoQ -33%year on year --33%-
- Performance Based Advisory Fees$7.5M$7.5MQoQ +17%year on year -28%+17%-28%
Asset Management
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