T. Rowe Price Q3 net income rises 7.1% to $646.1 million on higher revenue
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.
Key points
- 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
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 October 31, 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.