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

T. Rowe Price Q4 revenue rises 6% to $1.9 billion; $148.8 million restructuring charge

Mixed Impact 3 of 5 earnings Written later

T. Rowe Price reported fourth-quarter 2025 net revenues of $1.9 billion, up 6.0% from a year earlier, and GAAP diluted earnings per share of $1.99 versus $1.92. Results included a $148.8 million restructuring charge under its expense management program and net client outflows of $25.5 billion. The results are unaudited, and the firm expects KPMG to complete its audit work in mid-February before filing its 2025 Form 10-K.

Key points

  • Q4 2025 net revenues of $1.9 billion, up 6.0% from Q4 2024 and 2.1% from Q3 2025
  • GAAP diluted EPS of $1.99 versus $1.92 in Q4 2024; adjusted diluted EPS of $2.44 versus $2.12
  • Q4 2025 restructuring charge of $148.8 million, including $127.3 million for accelerated depreciation and impairment of owned real estate
  • Net client outflows of $25.5 billion in Q4 2025; assets under management of $1.8 trillion at December 31, 2025

The filing

CompanyT. Rowe Price (TROW)
Form8-K, current report
Filed with the SECFeb 4, 2026, 7:06 AM ET
Accession number0001628280-26-005273

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 04, 2026.

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.