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AI brief of an SEC Form 8-K · T. Rowe Price (TROW)

T. Rowe Price Q2 2024 net revenues rise 7.6% to $1.7 billion; diluted EPS $2.11

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyT. Rowe Price (TROW)
Form8-K, current report
Filed with the SECJul 26, 2024, 7:03 AM ET
Accession number0001113169-24-000018

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 26, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.