TROW Price T Rowe Group (TROW) Q1 FY26 earnings call
T. Rowe Price navigated a volatile market, demonstrating resilience in its ETF, SMA, and alternative credit offerings, notably OHA, which saw significant AUM growth and fundraising. Despite continued outflows in equity and mutual fund segments, the firm is strategically investing in solutions-oriented products and lower-fee vehicles, aiming for long-term growth and efficiency. Management is focused on leveraging its strong balance sheet for strategic investments and capital returns.
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TROW operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Net new assets ETF | $2.8B+Our ETFs generated over $2.8 billion in net flows in the first quarter.Source: earnings call transcript | $4.4BWithin our growing ETF business, we had $4.4 billion in net inflows.Source: earnings call transcript | — |
| Assets under management (AUM) SMA | $17B+Our SMA platform expanded to 42 offerings with more than $17 billion in AUM and over $900 million in net flows in the [indiscernible] quarter.Source: earnings call transcript | $20BOur SMA platform now includes 43 products and $20 billion in assets under management.Source: earnings call transcript | — |
| Net new assets | -$13.7BAs previously reported, we ended the quarter with $1.71 trillion in AUM, and $13.7 billion in net outflows.Source: earnings call transcript | -$6.5BWe ended the quarter with $1.9 trillion in assets under management and $6.5 billion in Q2 net outflows.Source: earnings call transcript | +52.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.