T. Rowe Price Reports Record $1.9T AUM, Q2 EPS of $2.88; Outflows Persist

summarizeSummary

T. Rowe Price reported Q2 2026 earnings with record $1.9 trillion AUM, adjusted EPS of $2.57, and $6.5 billion in net outflows. The firm returned $441 million to shareholders and took a $6.7 million restructuring charge.

check_boxKey Events · Earnings and Guidance · TROW

• Record AUM of $1.9 Trillion

  Assets under management reached $1.89 trillion, up 12.9% year-over-year, driven by $190.2 billion in market appreciation and income, partially offset by $6.5 billion in net outflows.

• Q2 Diluted EPS of $2.88 (GAAP)

  GAAP diluted EPS rose 28.6% to $2.88; adjusted diluted EPS was $2.57, up 14.7% from Q2 2025, reflecting higher average AUM and investment advisory fees.

• $441 Million Returned to Shareholders

  The firm returned $441 million in Q2 through its recurring quarterly dividend and stock repurchases, reducing common shares outstanding to 213.3 million.

• Net Outflows of $6.5 Billion

  Net client outflows totaled $6.5 billion, with $13.5 billion in equity outflows partially offset by inflows in fixed income and alternatives. Positive flows in May and June were noted.

auto_awesomeAnalysis · TROW · Finance

T. Rowe Price posted record assets under management of $1.9 trillion, driven by market appreciation that more than offset $6.5 billion in net client outflows. Adjusted diluted EPS of $2.57 beat expectations, but the core equity franchise continues to see redemptions. The firm returned $441 million to shareholders through dividends and buybacks, while a $6.7 million restructuring charge signals ongoing expense discipline. The stock trades near its 52-week high, reflecting optimism around the AUM milestone, but persistent outflows in active equity remain a headwind.