T. Rowe Price Q3 net income up 33% to $603 million; diluted EPS $2.64 vs. $1.97
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits 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 November 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.