T. Rowe Price Reports Q3 2026 Revenue Growth Amidst Active Equity Outflows
T. Rowe Price (TROW) reported third-quarter 2026 results characterized by a rise in net revenue to $2,004.9 million and adjusted diluted EPS of $2.86, up 1.8% year-over-year. Despite these gains, the firm faced significant headwinds with $28.3 billion in net outflows, largely driven by large redemptions in active Target Date series retirement plans and persistent structural pressure on active equity strategies. To counter these challenges, the company is pivoting toward growth in ETFs and Separately Managed Accounts (SMAs), reporting $3.8 billion in ETF net inflows for the quarter. Management emphasized a focus on broadening client access to their capabilities through technology and partnerships, even as they navigate a difficult environment for traditional mutual funds.
Topics: Assets Under Management EPS ETF Inflows Net Outflows Revenue Growth
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