UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32191 ______________________________________ T. ROWE PRICE G ...

For the quarter ended March 2025, T. Rowe Price (TROW) reported revenue of $1.76 billion, up 0.8% over the same period last year. EPS came in at $2.23, compared to $2.38 in the year-ago quarter.The reported revenue represents a surprise of -0.39% over the Zacks Consensus Estimate of $1.77 billion. With the consensus EPS estimate being $2.09, the EPS surprise was +6.70%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

T. Rowe Price Group, Inc.’s (TROW) first-quarter 2025 adjusted earnings per share of $2.23 beat the Zacks Consensus Estimate of $2.09. Nonetheless, the bottom line decreased 6.3% year over year.Shares of TROW have rallied 1.9% in the pre-market trading on better-than-expected results.TROW's results benefited from higher investment advisory fees and a rise in assets under management (AUM). On the other hand, higher expenses and negative capital allocation-based income were headwinds. Net income attributable ...

T. Rowe Price (TROW) came out with quarterly earnings of $2.23 per share, beating the Zacks Consensus Estimate of $2.09 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.70%. A quarter ago, it was expected that this financial services firm would post earnings of $2.23 per share when it actually produced earnings of $2.12, delivering a surprise of -4.93%.Over the last four quarters, ...

T. Rowe Price Group (TROW) Q1 2025 Earnings Call May 02, 2025 08:00 AM ET Company Participants Linsley Carruth - VP & Director - IRRobert Sharps - President, CEO & Chair of the BoardJennifer Dardis - CFOMichael Cyprys - Managing DirectorEric Veiel - Head of Global Investments & CIOBen Budish - DirectorCraig Siegenthaler - Managing DirectorManu Srivareerat - VP - Equity ResearchAlex Blostein - Managing Director Conference Call Participants Dan Fannon - Managing Director - Research AnalystKen Worthington - Fi ...

T. Rowe Price Group (TROW) Q1 2025 Earnings Call May 02, 2025 08:00 AM ET Speaker0 Good morning. My name is Daniel, and I will be your conference facilitator today. Welcome to T. Rowe Price's First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode until the question and answer period. I will give you instructions on how to ask questions at that time. As a reminder, this call is being recorded and will be available for replay on T. Rowe Price's website shortly ...

A copy of this presentation, which includes additional information, is available at investors.troweprice.com. Data as of March 31, 2025, unless otherwise noted. All figures are USD, unless otherwise noted. Forward-Looking Statement This presentation, and other statements that T. Rowe Price may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to T. Rowe Price's future financial or business performance, strategies, or expectations. F ...

Financial Performance - Diluted earnings per common share (EPS) were reported at $2.15, a decrease of 13.7% compared to $2.49 in Q1 2024[2]. - Adjusted diluted EPS was $2.23, down 6.3% from $2.38 in the same quarter last year[3]. - Net revenues for Q1 2025 were $1.76 billion, reflecting a 0.8% increase year-over-year but a 3.3% decrease from Q4 2024[8]. - Net income attributable to T. Rowe Price Group, Inc. for Q1 2025 was $490.5 million, down 14.5% from $573.8 million in Q1 2024[21]. - The adjusted net income for the same period was $509.3 million, with an adjusted diluted earnings per share of $2.23, compared to $548.5 million and $2.38 for the three months ended March 31, 2024[31]. Assets and Management - Total assets under management (AUM) decreased by $40.3 billion to $1.57 trillion as of March 31, 2025[4]. - The firm manages $1.57 trillion in assets under management as of March 31, 2025, with approximately two-thirds being retirement-related[17]. - The average AUM for the quarter was $1.62 trillion, up 9.2% from $1.48 trillion in Q1 2024[8]. - As of March 31, 2025, the firm's assets under administration were $280 billion, with $158 billion managed by the firm[6]. Client Activity - Net client outflows amounted to $8.6 billion during the quarter[3]. Operating Expenses - Total operating expenses for Q1 2025 were $1,167.6 million, an increase of 0.3% from Q1 2024 and a decrease of 7.0% from Q4 2024[10]. - Adjusted operating expenses for Q1 2025 were $1,135.1 million, reflecting a 5.9% increase from Q1 2024 and a 7.2% decrease from Q4 2024[10]. - Compensation, benefits, and related costs in Q1 2025 amounted to $657.9 million, up $28.6 million from Q1 2024, primarily due to higher salaries and employee benefits[10]. - Distribution and servicing costs in Q1 2025 were $93.6 million, an increase of 14.3% from Q1 2024, driven by higher average assets under management[10]. - Total operating income for the three months ended March 31, 2025, was $161.9 million, compared to $182.1 million for the same period in 2024[29]. Taxation - The effective income tax rate for Q1 2025 was 24.3%, compared to 23.5% in Q1 2024, primarily due to higher state taxes[13]. - The firm expects its effective tax rate for the full year 2025 to be in the range of 23.5% to 27.5% on a U.S. GAAP basis[14]. - The effective tax rate for the three months ended March 31, 2025, was 24.7%, slightly higher than 23.9% for the same period in 2024[30]. Non-Operating Income - Non-operating income for Q1 2025 was $70.7 million, a decrease of 62.6% from $188.9 million in Q1 2024[11]. - The total non-operating income (loss) for the three months ended March 31, 2025, was $70.7 million, compared to $188.9 million for the same period in 2024[29]. Cash and Investments - Cash and cash equivalents at the end of Q1 2025 were $2,836.7 million, an increase from $2,649.8 million at the end of 2024[23]. - Total assets as of March 31, 2025, were $13,993.7 million, up from $13,472.0 million at the end of 2024[23]. - The balance of investments in affiliated private investment funds decreased to $382.6 million in Q1 2025 from $514.3 million in Q1 2024[25]. - Non-controlling interests in consolidated entities decreased to $160.4 million in Q1 2025 from $205.4 million in Q1 2024[25]. Shareholder Returns - The firm returned $506 million to stockholders through dividends and stock repurchases during the quarter[3].

I’ve been long T. Rowe Price (NASDAQ: TROW ) since 2022 as the company was sitting on a very clean balance sheet in combination with trading much below its average valuation seen over the pastEarly 30s 'buy and hold' investor trying to achieve financial freedom to the greatest extent possible. Main focus within dividend growth investing & value. I've been investing for 10+ years and worked across several industries including finance, logistics, oil and pharma. Holding a Graduate Diploma within Accounting an ...

Wall Street analysts expect T. Rowe Price (TROW) to post quarterly earnings of $2.09 per share in its upcoming report, which indicates a year-over-year decline of 12.2%. Revenues are expected to be $1.77 billion, up 1.2% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 13.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timef ...