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) | 10.07 | 11.26 | 11.55 |
Price/Book Value | 1.99 | 1.23 | 1.40 |
Price/Sales | 2.98 | 1.80 | 1.79 |
Price/Cash Flow | 15.62 | 6.53 | 18.23 |
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Quick Ratio | 10.60 | 6.66 | 2.84 |
Current Ratio | 10.60 | 6.66 | 2.84 |
Interest Coverage | — | −0.93 | 18.11 |
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Return on Assets (Normalized) | 15.27% | 4.24% | 4.49% |
Return on Equity (Normalized) | 20.88% | 11.54% | 12.50% |
Return on Invested Capital (Normalized) | 17.25% | 5.55% | 5.01% |
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1-Day Chart
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Name
|
Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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United States