T. Rowe Price Group, Inc. reported adjusted diluted earnings per share of $2.57 for the second quarter of 2026 [1].
The results indicate a slight increase in profitability from the previous quarter, reflecting the firm's ability to maintain earnings despite significant capital outflows. This balance is critical for the investment manager as it navigates shifting investor preferences and market volatility.
Robert Sharps, CEO and Chair of the Board, said, "We ended the quarter with $1.9 trillion in assets under management and $6.5 billion in Q2 net outflows" [4, 5]. While some reports listed assets under management at $1.89 trillion [3], the company's leadership cited the higher figure during the earnings call.
The adjusted diluted earnings per share of $2.57 [1] marks a marginal rise over the $2.52 reported in the first quarter of 2026 [2]. The company released these financial results at 7 a.m. ET on July 31, 2026, followed by a scheduled investor call from 8 to 8:45 a.m. ET [7, 8].
Looking ahead, the company expects its adjusted operating expenses to increase by between four% and seven% throughout 2026 [6]. This projected spending increase comes as the firm manages its extensive portfolio of assets from its headquarters in Baltimore, Maryland.
The firm's performance was closely watched by analysts who had revised forecasts leading up to the call. The reported earnings per share suggest a stabilization in the firm's core financial metrics despite the multibillion-dollar exit of funds in the second quarter.
“We ended the quarter with $1.9 trillion in assets under management”
T. Rowe Price is facing a common industry challenge where strong market performance helps maintain total assets under management, but investors are still moving capital out of active funds. The slight rise in earnings per share suggests the company can maintain its bottom line through efficiency or market gains, even as it prepares for higher operating costs in the coming year.
