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T. Rowe (TROW) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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T. Rowe Price (TROW - Free Report) reported $2 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 5.9%. EPS of $2.86 for the same period compares to $2.81 a year ago.

The reported revenue represents a surprise of +2.57% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $2.58, the EPS surprise was +10.85%.

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.

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: $896.30 billion compared to the $896.01 billion average estimate based on two analysts.
  • Assets Under Management (EOP) - Multi-asset: $680.60 billion compared to the $680.91 billion average estimate based on two analysts.
  • Assets Under Management (EOP) - Alternatives: $64.00 billion compared to the $63.56 billion average estimate based on two analysts.
  • Net cash flows - Equity: $-25.60 billion compared to the $-24.75 billion average estimate based on two analysts.
  • Net revenues- Capital allocation-based income: $59.9 million compared to the $20.84 million average estimate based on two analysts. The reported number represents a change of +42.6% year over year.
  • Net revenues- Investment advisory fees: $1.8 billion versus the two-analyst average estimate of $1.8 billion. The reported number represents a year-over-year change of +5.8%.
  • Net revenues- Administrative, distribution and servicing fees: $141.3 million compared to the $149.62 million average estimate based on two analysts. The reported number represents a change of -3.5% year over year.
  • Net revenues- Performance-based advisory fees: $7.3 million versus $6.54 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.1% change.
  • Net revenues- Investment Advisory Fees- Fixed income, including money market: $118.7 million compared to the $116.35 million average estimate based on two analysts. The reported number represents a change of +7.8% year over year.
  • Net revenues- Investment Advisory Fees- Multi-asset: $537.6 million versus $550.34 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.3% change.
  • Net revenues- Investment Advisory Fees- Alternatives: $92.7 million versus $94.09 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.5% change.
  • Net revenues- Investment Advisory Fees- Equity: $1.05 billion compared to the $1.04 billion average estimate based on two analysts. The reported number represents a change of +3.5% year over year.

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

Shares of T. Rowe have returned -0.1% over the past month versus the Zacks S&P 500 composite's +0.9% 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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