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Here's What Key Metrics Tell Us About T. Rowe (TROW) Q2 Earnings

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For the quarter ended June 2026, T. Rowe Price (TROW - Free Report) reported revenue of $1.91 billion, up 10.7% over the same period last year. EPS came in at $2.57, compared to $2.24 in the year-ago quarter.

The reported revenue represents a surprise of -0.6% over the Zacks Consensus Estimate of $1.92 billion. With the consensus EPS estimate being $2.52, the EPS surprise was +1.98%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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: $919.40 billion versus $919.28 billion estimated by two analysts on average.
  • Assets Under Management (EOP) - Multi-asset: $690.00 billion versus the two-analyst average estimate of $690.00 billion.
  • Assets Under Management (EOP) - Alternatives: $61.70 billion versus $61.95 billion estimated by two analysts on average.
  • Net cash flows - Equity: $-13.50 billion compared to the $-16.02 billion average estimate based on two analysts.
  • Net revenues- Capital allocation-based income: $11.9 million versus $35.77 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3075% change.
  • Net revenues- Investment advisory fees: $1.74 billion versus $1.72 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.
  • Net revenues- Administrative, distribution and servicing fees: $144.2 million versus the two-analyst average estimate of $148.29 million. The reported number represents a year-over-year change of -3.7%.
  • Net revenues- Performance-based advisory fees: $6.5 million compared to the $9.32 million average estimate based on two analysts. The reported number represents a change of +1.6% year over year.
  • Net revenues- Investment Advisory Fees- Fixed income, including money market: $113.5 million compared to the $115.36 million average estimate based on two analysts. The reported number represents a change of +7.6% year over year.
  • Net revenues- Investment Advisory Fees- Multi-asset: $529.5 million versus the two-analyst average estimate of $529.88 million. The reported number represents a year-over-year change of +16.1%.
  • Net revenues- Investment Advisory Fees- Alternatives: $89.9 million compared to the $90.9 million average estimate based on two analysts. The reported number represents a change of +8.8% year over year.
  • Net revenues- Investment Advisory Fees- Equity: $1.01 billion compared to the $985.18 million average estimate based on two analysts. The reported number represents a change of +9.6% year over year.

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

Shares of T. Rowe have returned +0.6% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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