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T. Rowe (TROW) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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T. Rowe Price (TROW - Free Report) reported $1.86 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 5.3%. EPS of $2.52 for the same period compares to $2.23 a year ago.

The reported revenue represents a surprise of -0.32% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $2.37, the EPS surprise was +6.22%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how T. Rowe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Assets Under Management (EOP) - Equity: $810.50 billion versus $809.90 billion estimated by two analysts on average.
  • Assets Under Management (EOP) - Multi-asset: $625.00 billion compared to the $625.12 billion average estimate based on two analysts.
  • Assets Under Management (EOP) - Alternatives: $59.60 billion versus $60.00 billion estimated by two analysts on average.
  • Net cash flows - Equity: $-22.60 billion versus $-26.32 billion estimated by two analysts on average.
  • Net revenues- Capital allocation-based income: $28.1 million versus the two-analyst average estimate of $19.88 million. The reported number represents a year-over-year change of -2441.7%.
  • Net revenues- Investment advisory fees: $1.68 billion versus $1.66 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
  • Net revenues- Administrative, distribution and servicing fees: $138.4 million compared to the $144.4 million average estimate based on two analysts. The reported number represents a change of -11.5% year over year.
  • Net revenues- Performance-based advisory fees: $7.5 million compared to the $9.01 million average estimate based on two analysts. The reported number represents a change of -27.9% year over year.
  • Net revenues- Investment Advisory Fees- Fixed income, including money market: $111.8 million versus $112.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
  • Net revenues- Investment Advisory Fees- Multi-asset: $509.1 million compared to the $504.78 million average estimate based on two analysts. The reported number represents a change of +12% year over year.
  • Net revenues- Investment Advisory Fees- Alternatives: $87.4 million compared to the $89.51 million average estimate based on two analysts. The reported number represents a change of +8% year over year.
  • Net revenues- Investment Advisory Fees- Equity: $974.7 million compared to the $956.98 million average estimate based on two analysts. The reported number represents a change of +1.6% year over year.

View all Key Company Metrics for T. Rowe here>>>

Shares of T. Rowe have returned +11.8% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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