Every material Form 8-K T. Rowe Price has filed with the SEC since April 26, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
T. Rowe Price reported third-quarter 2026 results on October 29, 2026. Net revenues rose 5.9% from a year earlier to $2.0 billion, while GAAP diluted earnings per share fell to $2.79 from $2.87 and adjusted diluted EPS rose to $2.86 from $2.81. Assets under management fell $30.7 billion in the quarter to $1.9 trillion, driven by $28.3 billion of net client outflows, which matters to shareholders because it signals pressure on future fee revenue.
Net revenues of $2,004.9 million, up 5.9% from Q3 2025 and 5.1% from Q2 2026.
Diluted EPS of $2.79 (GAAP) versus $2.87 a year earlier; adjusted diluted EPS of $2.86 versus $2.81.
Net client outflows of $28.3 billion; ending AUM of $1,862.7 billion, down from $1,893.4 billion at June 30, 2026.
Full-year 2026 effective income tax rate estimated at 23.5% to 25.5%, on both U.S. GAAP and adjusted bases.
T. Rowe Price reported second-quarter 2026 results on July 31, 2026. Net revenues rose 10.7% from a year earlier to $1.9 billion, and diluted EPS was $2.88, up from $2.24, while adjusted diluted EPS was $2.57. The firm also recorded net client outflows of $6.5 billion in the quarter, and its effective fee rate excluding performance fees fell to 38.1 basis points.
Net revenues of $1,907.4 million, up 10.7% from Q2 2025 and 2.7% from Q1 2026
Diluted EPS of $2.88 (U.S. GAAP) versus $2.24 a year earlier; adjusted diluted EPS of $2.57
Ending assets under management of $1.9 trillion at June 30, 2026, with net client outflows of $6.5 billion in the quarter
Operating expenses rose 9.8% to $1,366.9 million, including a $6.7 million restructuring charge
T. Rowe Price's board approved Eric Veiel's appointment as president on May 15, 2026, and the firm announced the change on May 18. Rob Sharps remains chair and chief executive officer, and Veiel keeps his role as co-head of Global Investments and chief investment officer. The filing describes a leadership reshuffle within the firm rather than a change at the top.
Eric Veiel named president; the press release says the appointment is effective June 1, 2026, while the 8-K states effective immediately
Sébastien Page becomes co-head of Global Investments and chief investment officer, effective June 1, 2026
Wyatt Lee becomes head of Global Multi-Asset effective October 1, 2026, and joins the Management Committee January 1, 2027
Rob Sharps remains chair and chief executive officer
T. Rowe Price reported first-quarter 2026 results with net revenues of $1,857.0 million, up 5.3% from a year earlier, and diluted EPS of $2.23, up from $2.15. Assets under management fell to $1.7 trillion, and the firm recorded net client outflows of $13.7 billion, which shareholders may view as a concern for future fee revenue.
Net revenues of $1,857.0 million (up 5.3% year over year) and net income attributable to the firm of $498.2 million (up 1.6%)
Diluted EPS of $2.23 versus $2.15 in Q1 2025; adjusted diluted EPS of $2.52, up 13.0%
Ending AUM of $1,709.7 billion, down from $1,775.6 billion at December 31, 2025, with net client outflows of $13.7 billion
Returned $629 million to stockholders through the quarterly dividend and stock repurchases
T. Rowe Price approved an amended and restated employment agreement with Glenn R. August, CEO of its Oak Hill Advisors (OHA) unit, dated April 21, 2026. The filing sets his base salary at $350,000 and outlines severance, non-compete terms and a new OHA partner bonus structure, which ties his pay to OHA fee revenue and growth.
Base salary of $350,000 per year under the amended agreement dated April 21, 2026
Severance if terminated without cause or for good reason: 12 months of base salary continuation and 12 months of COBRA premium payments, plus a prorated bonus
For 2027, August was awarded a 16.333% allocation from the OHA Partner Cash Compensation Pool and 8.166% of the Value Creation Incentive Plan pool
Supplemental Compensation Pool funded up to $20 million annually from 2027 through 2030
T. Rowe Price reported fourth-quarter 2025 net revenues of $1.9 billion, up 6.0% from a year earlier, and GAAP diluted earnings per share of $1.99 versus $1.92. Results included a $148.8 million restructuring charge under its expense management program and net client outflows of $25.5 billion. The results are unaudited, and the firm expects KPMG to complete its audit work in mid-February before filing its 2025 Form 10-K.
Q4 2025 net revenues of $1.9 billion, up 6.0% from Q4 2024 and 2.1% from Q3 2025
GAAP diluted EPS of $1.99 versus $1.92 in Q4 2024; adjusted diluted EPS of $2.44 versus $2.12
Q4 2025 restructuring charge of $148.8 million, including $127.3 million for accelerated depreciation and impairment of owned real estate
Net client outflows of $25.5 billion in Q4 2025; assets under management of $1.8 trillion at December 31, 2025
T. Rowe Price said on November 3, 2025, that Chief Operating Officer Kimberly Johnson will resign and leave the company on December 31, 2025. The firm also created a new Technology, Data, and Operations function led by Ramon Richards, its chief technology officer since 2023, who will join the Management Committee and report to Chair, CEO and President Rob Sharps.
Kimberly Johnson, COO since 2022, will leave the firm on December 31, 2025, according to the 8-K; the press release says she will leave in December.
New Technology, Data, and Operations function will oversee enterprise operations, digital platforms, and data strategy.
Ramon Richards, who joined as CTO in 2023, will lead the new function and report to Rob Sharps.
The company stated that the new structure is intended to align capabilities with changing industry dynamics; the filing gives no financial figures for the change.
T. Rowe Price reported third-quarter 2025 results with net revenues of $1.9 billion, up 6.0% from a year earlier, and diluted EPS of $2.87 versus $2.64. Ending assets under management reached $1.77 trillion, but the firm recorded net client outflows of $7.9 billion and a $28.5 million restructuring charge tied to a July workforce action. For shareholders, the headline profit and revenue measures improved, while the firm returned $442 million through dividends and buybacks.
Net revenues were $1,893.5 million, up 6.0% from Q3 2024; net income attributable to the firm was $646.1 million, up 7.1%
Diluted EPS was $2.87 versus $2.64 a year earlier; adjusted diluted EPS was $2.81 versus $2.57
Ending AUM was $1.77 trillion, including $90.4 billion of AUM growth in the quarter and a $9.2 billion addition of managed account model delivery assets
Net client outflows were $7.9 billion, and a $28.5 million restructuring charge was recorded for severance tied to the July workforce action
T. Rowe Price's board increased its size from 11 to 13 seats on October 13, 2025, and elected Allan Golston and Richard Verma as independent directors. The board placed Golston on its Audit Committee and Executive Compensation and Management Development Committee, and Verma on its Nominating and Corporate Governance Committee and Executive Compensation and Management Development Committee. The filing presents this as a board addition and does not describe any change to financial results or guidance.
Board expanded from 11 to 13 directors on October 13, 2025
Allan Golston: president of the United States Program at the Gates Foundation; will serve on Audit and Executive Compensation committees
Richard Verma: chief administrative officer at Mastercard; previously served on T. Rowe Price's board from 2018 to 2023
Board determined both directors are independent under NASDAQ and SEC rules
T. Rowe Price reported second-quarter 2025 results on August 1, 2025. Net revenues were $1.72 billion, down 0.6% from a year earlier, while GAAP diluted EPS rose 6.2% to $2.24, helped by higher non-operating income. Adjusted diluted EPS of $2.24 was down 0.9% from $2.26, and the firm had net client outflows of $14.9 billion, so shareholders see mixed headline results.
Net revenues of $1,723.3 million, down 0.6% from $1,733.3 million in Q2 2024
GAAP diluted EPS of $2.24 versus $2.11 a year earlier; adjusted diluted EPS of $2.24 versus $2.26
Operating expenses rose 6.5% to $1,245.0 million, while ending AUM reached $1.68 trillion
Full-year 2025 GAAP effective tax rate estimated at 23.5% to 27.5%
T. Rowe Price reported first-quarter 2025 results on May 2, 2025. Net revenues rose 0.8% from a year earlier to $1,763.9 million, but diluted earnings per share fell 13.7% to $2.15 and net income fell 14.5% to $490.5 million, as non-operating income dropped. Assets under management ended the quarter at $1.57 trillion after $8.6 billion in net outflows, which matters to shareholders because fee revenue depends on the size of managed assets.
Net revenues of $1,763.9 million, up 0.8% from Q1 2024 and down 3.3% from Q4 2024
Diluted EPS of $2.15 versus $2.49 a year earlier; adjusted diluted EPS of $2.23 versus $2.38
Ending AUM of $1.57 trillion and net client outflows of $8.6 billion in the quarter
Returned $506 million to stockholders through the quarterly dividend and stock repurchases; dividend per share $1.27 versus $1.24 a year earlier
T. Rowe Price reported fourth-quarter 2024 net revenues of $1.82 billion, up 11.1% from a year earlier, and diluted earnings per share of $1.92, compared with $1.90 in the fourth quarter of 2023. Net client outflows were $19.3 billion in the quarter and $43.2 billion for the full year, and assets under management ended 2024 at $1.61 trillion. The financial results are unaudited, with the audit by KPMG expected to be completed in mid-February 2025.
Q4 2024 net revenues of $1.82 billion, up 11.1% from Q4 2023 and 2.2% from Q3 2024.
Q4 2024 diluted EPS of $1.92 versus $1.90 a year earlier; adjusted diluted EPS of $2.12 versus $1.72.
Net client outflows of $19.3 billion in Q4 2024 and $43.2 billion for 2024; ending AUM of $1.61 trillion.
Returned $355 million to stockholders in Q4 2024; expects 2025 effective tax rate of 23.0% to 27.0% on a U.S. GAAP basis.
T. Rowe Price reported third-quarter 2024 results on November 1, 2024. Net revenues rose 6.9% from a year earlier to $1.8 billion, and diluted EPS was $2.64 versus $1.97, though the firm also reported net client outflows of $12.2 billion for the quarter. Ending assets under management reached $1.63 trillion, and the company returned $354 million to stockholders through dividends and buybacks.
Net income attributable to T. Rowe Price was $603.0 million, up 33.1% from $453.2 million in Q3 2023.
Net revenues were $1.8 billion, up 6.9% from Q3 2023; total operating expenses rose 7.6% to $1,172.0 million.
Net client outflows were $12.2 billion; ending assets under management were $1.63 trillion, up 21.1% from a year earlier.
Management hosted an earnings call and webcast on November 1, 2024, from 8:00 to 8:45 AM Eastern time.
T. Rowe Price said Justin Thomson will step down as Head of International Equity effective December 31, 2024, to lead the newly formed T. Rowe Price Investment Institute, which is scheduled to launch January 1, 2025. He will remain a chief investment officer and will leave the Management Committee and cease being an executive officer on December 31, 2024.
Thomson steps down as Head of International Equity effective December 31, 2024
He will head the T. Rowe Price Investment Institute, scheduled to launch January 1, 2025, and will remain a chief investment officer
Thomson also leaves the Management Committee and stops being an executive officer on December 31, 2024
Thomson is a 26-year company veteran who previously managed the International Small-Cap Equity Strategy
T. Rowe Price reported second-quarter 2024 results on July 26, 2024, with net revenues of $1.7 billion, up 7.6% from a year earlier, and diluted earnings per share of $2.11, up 2.4% from a year earlier. The firm also recorded net client outflows of $3.7 billion, and both revenue and GAAP earnings fell from the first quarter of 2024.
Net revenues were $1,733.3 million in Q2 2024, up 7.6% from Q2 2023 and down 1.0% from Q1 2024.
GAAP diluted EPS was $2.11 versus $2.06 a year earlier and $2.49 in Q1 2024; adjusted diluted EPS was $2.26.
Ending assets under management were $1.57 trillion at June 30, 2024, after net client outflows of $3.7 billion in the quarter.
The firm returned $396 million to stockholders through dividends and stock repurchases in the quarter.
T. Rowe Price reported first-quarter 2024 results, with net revenues of $1.75 billion, up 13.8% from a year earlier, and net income attributable to the firm of $573.8 million, up 36.1%. Higher average assets under management and performance-based fees drove the gains, although the effective fee rate declined, and the firm also raised its quarterly dividend, which matters to shareholders because it signals continued payouts.
Net revenues of $1.75 billion in Q1 2024, up 13.8% from $1.54 billion in Q1 2023.
Diluted EPS of $2.49 versus $1.83 a year earlier; adjusted diluted EPS of $2.38 versus $1.69.
Net client outflows of $8.0 billion in Q1 2024; assets under management reached $1.54 trillion at March 31, 2024.
Quarterly dividend increased to $1.24 per share from $1.22, the 38th consecutive year of increases.
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