T. Rowe Price Group Inc

TROW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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T. Rowe Price Earnings: Market Losses and Outflows Impact AUM in Q1; Shares Slightly Undervalued

Greggory Warren

Apr 30, 2026

T. Rowe Price ended March 2026 with $1.710 trillion in assets under management, or AUM. Despite fee rates being flat year over year, higher average AUM offset lower performance fees, with adjusted revenue rising 4.8% to $1.9 billion and adjusted operating margins increasing from 36.3% to 38.0%.

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T. Rowe Price Group Inc

T. Rowe Price Earnings: Market Losses and Outflows Impact AUM in Q1; Shares Slightly Undervalued

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