T. Rowe Price Q2 2026 net revenues rise 10.7% to $1.9 billion; EPS $2.88
T. Rowe Price reported second-quarter 2026 results on July 31, 2026. Net revenues rose 10.7% from a year earlier to $1.9 billion, and diluted EPS was $2.88, up from $2.24, while adjusted diluted EPS was $2.57. The firm also recorded net client outflows of $6.5 billion in the quarter, and its effective fee rate excluding performance fees fell to 38.1 basis points.
Key points
- Net revenues of $1,907.4 million, up 10.7% from Q2 2025 and 2.7% from Q1 2026
- Diluted EPS of $2.88 (U.S. GAAP) versus $2.24 a year earlier; adjusted diluted EPS of $2.57
- Ending assets under management of $1.9 trillion at June 30, 2026, with net client outflows of $6.5 billion in the quarter
- Operating expenses rose 9.8% to $1,366.9 million, including a $6.7 million restructuring charge
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 July 31, 2026.
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.