T. Rowe Price Q1 revenue rises 0.8% to $1.76 billion; EPS falls to $2.15
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.
Key points
- 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
The filing
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 May 02, 2025.
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.