T. Rowe Price exited September 2026 with $1.863 trillion in assets under management, down 1.6% sequentially but up 5.4% year over year. Third-quarter revenue rose 5.9% year over year to $2.0 billion, with adjusted operating margins declining from 40.9% in the year-ago period to 40.4%.
With $1.897 trillion in AUM at the end of August 2026, T. Rowe Price is one of the larger US-based asset managers. Retirement accounts and variable-annuity portfolios, which tend to be stickier than retail assets, account for close to two-thirds of managed assets.
The firm's equity performance remains weak, with just 25% and 26% of US fund AUM beating passive peer medians on a three- and five-year basis, respectively, at the end of June 2026.
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.05 | 11.06 | 11.29 |
Price/Book Value | 1.95 | 1.23 | 1.37 |
Price/Sales | 2.91 | 1.77 | 1.75 |
Price/Cash Flow | 15.28 | 6.71 | 17.83 |
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Quick Ratio | 10.60 | 6.82 | 2.84 |
Current Ratio | 10.60 | 6.82 | 2.84 |
Interest Coverage | — | −2.05 | 18.11 |
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Return on Assets (Normalized) | 14.68% | 4.12% | 4.49% |
Return on Equity (Normalized) | 20.07% | 11.11% | 12.50% |
Return on Invested Capital (Normalized) | 16.54% | 5.84% | 5.01% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| LOCK|t#^#^YD | LOCK|P> | $177B | |||
| Blackstone Inc
BX
| LOCK|fm#<tq | LOCK|Y<V | $95B | |||
| KKR & Co Inc Ordinary Shares
KKR
| LOCK|SZB<nKN | LOCK|!SWn> | $85B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|Lt#>r& | LOCK|kmn%b | $77B | |||
| Apollo Global Management Inc
APO
| LOCK|?RmVYhT | LOCK|w?s^& | $68B | |||
| State Street Corp
STT
| LOCK|hB!?#f | LOCK|MC | $46B | |||
| Ameriprise Financial Inc
AMP
| LOCK|dGw@Rzl | LOCK|R<>v | $43B | |||
| Northern Trust Corp
NTRS
| LOCK|#g@Y?qQ# | LOCK|K? | $31B | |||
| Raymond James Financial Inc
RJF
| LOCK|SzwZZ%? | LOCK|z&nY? | $30B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|jDK<KP | LOCK|ztz<W | $29B |
United States