T. Rowe Price (TROW)
NASDAQFinancialsAsset ManagementSnapshot 2026-07-07
$120.16+0.87%
Close 2026-07-07 · 1-day change
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Track TROW free→T. Rowe Price grows operating income strongly, from $471M to $680.5M in Q1 2026. Assets under management rise steadily, supporting revenue growth near 4% yearly. The company maintains a stable dividend, increasing payout from $1.27 to $1.30 per share. Cash from operations improved sharply to $824M, showing strong cash flow.
Revenue growth could slow below analyst expectations near 4%. Operating income might not sustain recent gains if market conditions worsen. Dividend payout could be pressured if cash flow weakens.
The price is about 6% above our fair value near $114, reflecting roughly 4% revenue growth expected by analysts. Our fair value is 13% above the Street median, indicating some optimism about T. Rowe Price's growth and cash flow strength.
Breaks if: cash from operations falls below $0 next quarter
Improve cash flow from operations to support business activities.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 2 of last 2 quarters. Cash from operations improved significantly from -$18.7 million in 2025-Q4 to $824.3 million in 2026-Q1, indicating effective management actions to enhance operational cash flow. This aligns with the company's stated priority.
“Cash from operations was $824.3 million.”
“Cash from operations was -$18.7 million.”
Breaks if: dividend per share falls below $1.27 next quarter
Continue to maintain a consistent dividend payout to shareholders.
Stated in 4 of last 4 quarters. Dividend per share increased from $1.27 in 2025-Q1 to $1.3 in 2026-Q1. The company has consistently maintained and slightly increased its dividend payout, indicating a stable capital allocation strategy.
“The company declared a dividend of $1.3 per share.”
“The company declared a dividend of $1.27 per share.”
“The company declared a dividend of $1.27 per share.”
“The company declared a dividend of $1.27 per share.”
Breaks if: operating income falls below $471 million next quarter
Emphasize growth in operating income through strategic initiatives.
Stated in 3 of last 3 quarters. Operating income increased from $471 million in 2025-Q4 to $680.5 million in 2026-Q1, showing a positive trajectory in line with management's focus on growth. This reflects effective strategic initiatives.
“Operating income for 2026-Q1 was $680.5 million.”
“Operating income for 2025-Q3 was $643.2 million.”
“Operating income for 2025-Q2 was $478.3 million.”
Breaks if: YoY revenue growth falls below 3.8% next year
Emphasize growth in operating income through strategic initiatives.
Stated in 3 of last 3 quarters. Operating income increased from $471 million in 2025-Q4 to $680.5 million in 2026-Q1, showing a positive trajectory in line with management's focus on growth. This reflects effective strategic initiatives.
“Operating income for 2026-Q1 was $680.5 million.”
“Operating income for 2025-Q3 was $643.2 million.”
“Operating income for 2025-Q2 was $478.3 million.”