T. Rowe Price Q4 GAAP EPS $1.16, down 64% YoY; AUM down 24.5% to $1.27T

PRICE T ROWE GROUP INC

2022-FY EPS reported $6.70 revenue$6,488,400,000

GAAP diluted EPS $1.16 in Q4 2022 vs $3.18 in Q4 2021; adjusted EPS $1.74 vs $3.17.
Net revenue $1.5B, down 22.3% YoY; full-year net revenue $6.5B, down 15.4%.
Year-end AUM $1.27T, down 24.5% from $1.69T; net outflows of $17.1B in Q4 and $61.7B for 2022.
Recorded $202M in non-cash impairment charges in 2022; non-GAAP operating expenses up 6.4% YoY.
2023 non-GAAP operating expense growth guidance 2% to 6%; reduced headcount by ~2% in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PRICE T ROWE GROUP INC reported the fourth quarter of 2022 results: revenue $1.5 billion, net income $266.0 million, EPS $1.16.

Period: the fourth quarter of 2022
Revenue: $1.5 billion
Net income: $266.0 million
EPS: $1.16
Result: reported results

Exact text from the filing

Net revenues of $1.5 billion for Q4 2022 and $6.5 billion for 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PRICE T ROWE GROUP INC reported the full year of 2022 results: revenue $6.5 billion, net income $1,557.9 million, EPS $6.70.

Period: the full year of 2022
Revenue: $6.5 billion
Net income: $1,557.9 million
EPS: $6.70
Result: reported results

Exact text from the filing

Net revenues of $1.5 billion for Q4 2022 and $6.5 billion for 2022

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40 earnings releases filed in the last 30 days. Browse all earnings releases →

PRICE T ROWE GROUP INC filing history →

Source: SEC EDGAR

accession 0001113169-23-000002

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