T. Rowe Price Q1 2026 Earnings Release - $1.7 Trillion AUM with $13.7B Net Outflows

T. Rowe Price Group reported first quarter 2026 financial results with assets under management of $1.7 trillion, representing a $65.9 billion decrease from the previous quarter. The company experienced net client outflows of $13.7 billion during the quarter. Diluted earnings per share were $2.23 on a GAAP basis and $2.52 on an adjusted basis, showing increases from both prior year and prior quarter. Net revenues increased 5.3% year-over-year to $1.86 billion, while operating expenses rose modestly by 0.8% to $1.18 billion. The company returned $629 million to stockholders through dividends and stock repurchases. CEO Rob Sharps highlighted the firm's active management approach positioning it to take advantage of market volatility opportunities. The earnings release was filed as part of an 8-K report to satisfy SEC reporting requirements for quarterly results.