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T Rowe Price Group TROW Investment advisory fees — Net revenues

Other product segments

Administrative, distribution, servicing, and other fees
$138.4M-11.5%
Capital allocation-based income
$28.1M+2,442%
Performance-based advisory fees
$7.5M-27.9%

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$259.87M+21.8%
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$169.13M-9.1%
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$136.83M+7.9%
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$1.35M-4.9%
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SIEBAdvisory Fees — Revenue
$1.01M+35.0%

Other financials

Income statement

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Revenue$1.9B+5.3%
Operating income$680.5M+14.1%
Net income$498.2M+1.6%
EPS (diluted)$2.23+3.7%

Balance sheet

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Cash & equivalents$3.8B+31.5%
Total debt$438.1M-7.2%
Total equity$10.8B+3.7%
Total assets$14.4B+2.9%

Cash flow

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Operating cash flow$824.3M+30.2%
CapEx$62.0M-24.4%
Free cash flow$762.3M+38.4%

Valuation

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Market cap$24.36B+19.9%
Enterprise value$21B+18.9%
P/E11.6×+1.7×
P/S3.3×+0.4×

Profitability

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Operating margin30.7%-2.3pp
Net margin28.3%-0.1pp
FCF margin24%

Returns & leverage

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Return on equity19.8%-0.2pp
Debt / equity0.0×

Where this comes from

Reported directly by T Rowe Price Group in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: T Rowe Price Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is T Rowe Price Group's investment advisory fees — net revenues?
T Rowe Price Group (TROW) reported investment advisory fees — net revenues of $1.78T in Q1 2026.
How has T Rowe Price Group's investment advisory fees — net revenues changed year-over-year?
T Rowe Price Group's investment advisory fees — net revenues increased by 9.6% year-over-year, from $1.62T to $1.78T.
What is the long-term trend for T Rowe Price Group's investment advisory fees — net revenues?
Over 3 years (2021 to 2025), T Rowe Price Group's investment advisory fees — net revenues has grown at a 45.9% compound annual growth rate (CAGR), from $1.6T to $4.97T.
What does investment advisory fees — net revenues mean?
This metric represents the total revenue generated from investment management services provided to individual and institutional clients. It reflects the core business activity of earning fees based on the value of assets under management across various equity, fixed-income, and balanced fund offerings. This revenue stream is the primary driver of the firm's top-line performance and is highly sensitive to market fluctuations and net asset flows.