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T Rowe Price Group TROW Performance-based advisory fees — Net revenues

Other product segments

Investment advisory fees
$1.78T+9.6%
Administrative, distribution, servicing, and other fees
$138.4M-11.5%
Capital allocation-based income
$28.1M+2,442%

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$21.01M+859%
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BXInvestment Advice — Management And Advisory Fees Net
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Oppenheimer Holdings logo
OPYAdvisory fees
$141.72M+10.0%
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OPYAdvisory Fees — Total revenue from contracts with customers
$141.72M+10.0%

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 performance-based advisory fees — net revenues?
T Rowe Price Group (TROW) reported performance-based advisory fees — net revenues of $7.5M 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 $10.4M to $7.5M.
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 $6.4M to $37.4M.
What does performance-based advisory fees — net revenues mean?
This metric represents the net revenue generated from investment management contracts where fees are contingent upon achieving specific investment performance benchmarks or hurdles. These fees are distinct from standard asset-based management fees and reflect the firm's ability to generate alpha for clients. This revenue stream is typically variable and sensitive to market volatility and the relative performance of the underlying investment strategies.