Performance-based advisory fees — Net revenues
T Rowe Price Group Performance-based advisory fees — Net revenues decreased by 47.2% to $7.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 27.9%, from $10.40M to $7.50M. Over 3 years (FY 2022 to FY 2025), Performance-based advisory fees — Net revenues shows an upward trend with a 80.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates successful investment performance relative to benchmarks, potentially signaling strong portfolio management capabilities. A decrease may reflect underperformance against targets or a shift in the composition of assets under management toward non-performance-fee structures.
Detailed definition
This metric represents the net revenue generated from investment management contracts where fees are contingent upon ach...
Peer comparison
Peers in the asset management industry often report this as 'performance fees' or 'carried interest,' with variability driven by market cycles and the specific mandate structures of institutional clients.
trow_segment_performance_based_advisory_fees_net_revenuesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.60M | $1.60M | $1.60M | $1.60M | $9.55M | $9.55M | $9.55M | $9.55M | $17.60M | $16.80M | $5.60M | $19.30M | $10.40M | $6.40M | $6.40M | $14.20M | $7.50M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +496.9% | +0.0% | +0.0% | +0.0% | +84.3% | -4.5% | -66.7% | +244.6% | -46.1% | -38.5% | +0.0% | +121.9% | -47.2% |
| YoY Change | — | — | — | — | +496.9% | +496.9% | +496.9% | +496.9% | +84.3% | +75.9% | -41.4% | +102.1% | -40.9% | -61.9% | +14.3% | -26.4% | -27.9% |
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Frequently Asked Questions
- What is T Rowe Price Group's performance-based advisory fees — net revenues?
- T Rowe Price Group (TROW) reported performance-based advisory fees — net revenues of $7.50M in Q1 2026.
- How has T Rowe Price Group's performance-based advisory fees — net revenues changed year-over-year?
- T Rowe Price Group's performance-based advisory fees — net revenues decreased by 27.9% year-over-year, from $10.40M to $7.50M.
- What is the long-term trend for T Rowe Price Group's performance-based advisory fees — net revenues?
- Over 3 years (2022 to 2025), T Rowe Price Group's performance-based advisory fees — net revenues has grown at a 80.1% compound annual growth rate (CAGR), from $6.40M to $37.40M.
- What does performance-based advisory fees — net revenues mean?
- Revenue earned from investment management services that is tied to exceeding specific performance targets.