T. Rowe Price Group Inc

TROW: XNAS (USA)

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T. Rowe Price Earnings: Diminished Outflows and Market Gains Lift AUM Above End-of-2021 Levels

Greggory Warren

Oct 31, 2025

T. Rowe Price ended September 2025 with $1.767 trillion in assets under management, or AUM. Despite fee rates being down, higher average AUM and performance fees lifted revenue 6.0% year over year, while third-quarter adjusted non-GAAP operating margins increased 65 basis points to 40.9%.

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T. Rowe Price Group Inc

T. Rowe Price Earnings: Diminished Outflows and Market Gains Lift AUM Above End-of-2021 Levels

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