T. Rowe Price (TROW)
NASDAQFinancialsAsset ManagementSnapshot 2026-09-04
$109.78-0.99%
Close 2026-09-04 · 1-day change
NASDAQFinancialsAsset ManagementSnapshot 2026-09-04
QuarterlyIQ Insights · TROW
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-09-04.
The screen ranks TROW against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Financials names rated neutral grew net income 55% of the time over the next year (vs 62% for the rest of the cohort, n=10246).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on increasing AUM, expanding ETF and SMA business, and growing alternatives to position for long-term success.
Stated as a priority in 6 of last 6 quarters. Assets under management increased from $1.57 trillion in 2025-Q1 to $1.89 trillion in 2026-Q2, with investment advisory fees rising from $1.598 billion to $1.745 billion. Management consistently emphasized expanding ETF, SMA, and alternatives businesses, and the financials show delivering growth in AUM and fees.
“We ended the quarter with a record $1.9 trillion in assets under management and continue to expand our ETF and SMA business.”
“Our teams are advancing innovative strategies, new vehicles, and compelling solutions to meet the evolving needs of clients.”
“We entered new partnerships to extend our reach and grew our ETFs and alternatives business to position the firm for long-term success.”
“We are building momentum for the long-term—growing our ETF business, leveraging partnerships to extend our reach, and expanding our leadership in retirement.”
“We are building momentum for the long-term—growing our ETF business, leveraging partnerships to extend our reach, and expanding our leadership in retirement.”
“We are building momentum for the long-term—growing our ETF business, leveraging partnerships to extend our reach, and expanding our leadership in retirement.”
Focus on increasing operating income through revenue growth and expense management to enhance profitability.
Stated as a priority in 6 of last 6 quarters. Net operating income fluctuated between $471 million in 2025-Q4 and $680.5 million in 2026-Q1, showing variability but overall growth from 2025-Q4 to 2026-Q1. Management consistently emphasized delivering long-term value and improving operating income, with financials showing mixed but generally positive trajectory.
“Net operating income was $540.5 million, up 13.0% from prior year quarter.”
Control expense growth through broad and ongoing expense management initiatives including restructuring and realignment.
Stated as a priority in 6 of last 6 quarters. Operating expenses increased from $1.167 billion in 2026-Q1 to $1.367 billion in 2026-Q2, with restructuring charges declining from $148.8 million in 2025-Q4 to $6.7 million in 2026-Q2. Management has consistently emphasized broad expense management programs, with financials showing ongoing expense growth but active restructuring efforts.
Continue paying recurring quarterly dividends and returning capital through stock repurchases.
Stated as a priority in 6 of last 6 quarters. The firm consistently returned capital to shareholders, with dividends per share increasing slightly from $1.27 in 2025-Q1 to $1.30 in 2026-Q1, and total capital returned ranging from $395 million in 2025-Q3 to $629 million in 2026-Q1. Management has maintained a steady commitment to dividend payout and share repurchases.
Create a new Technology, Data, and Operations function to integrate digital capabilities with operational excellence.
Newly stated in 2025-Q3. Management announced the creation of a new Technology, Data, and Operations function to integrate digital capabilities with operational excellence. This priority is recent and no financial metrics are yet available to assess delivery.
“Announced creation of new Technology, Data, and Operations function led by Ramon Richards.”
Over the trailing year it converted 0.97x of net income into operating cash flow. Historically, Financials names rated neutral grew net income 60% of the time over the next year (vs 57% for the rest of the cohort, n=9112).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
7 material management or governance events in the past 24 months, led by executive changes. Historically, Financials names rated stable grew net income 56% of the time over the next year (vs 57% for the rest of the cohort, n=2725).
Not investment advice. As of 2026-09-04.
“Net operating income was $680.5 million, up 14.1% from prior year quarter.”
“Net operating income was $471.0 million, down 17.1% from prior year quarter.”
“Net operating income was $613.6 million, up 5.6% from prior year quarter.”
“Net operating income was $478.3 million, down 15.3% from prior year quarter.”
“Net operating income was $596.3 million, up 3.7% from prior year quarter.”
“Restructuring charge of $6.7 million relates to actions under the broad and ongoing expense management program.”
“Restructuring charge of $10.0 million relates to actions under the broad and ongoing expense management program.”
“Restructuring charge of $148.8 million relates to actions under the broad and ongoing expense management program.”
“CEO: 'We have developed a broad and ongoing plan to reduce our expense growth over time while continuing to invest in capabilities and client reach.'”
“CEO: 'We have developed a broad and ongoing plan to reduce our expense growth over time while continuing to invest in capabilities and client reach.'”
“CEO: 'We have developed a broad and ongoing plan to reduce our expense growth over time while continuing to invest in capabilities and client reach.'”
“Returned $441 million to stockholders from the recurring quarterly dividend and stock repurchases.”
“Returned $629 million to stockholders from the recurring quarterly dividend and stock repurchases.”
“Returned $426 million in Q4 2025 to stockholders from the recurring quarterly dividend and stock repurchases.”
“Returned $395 million to stockholders from the recurring quarterly dividend and stock repurchases.”
“Returned $395 million to stockholders from the recurring quarterly dividend and stock repurchases.”
“Returned $629 million to stockholders from the recurring quarterly dividend and stock repurchases.”