T. Rowe Price Q4 net revenues rise 11.1% to $1.82 billion; adjusted EPS $2.12
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.
Key points
- 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.
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 February 05, 2025.
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.