---
schema_version: "secwatch.filing_event.v1"
accession: "0001113169-23-000002"
form_type: "8-K"
ticker: "TROW"
cik: "0001113169"
company_name: "PRICE T ROWE GROUP INC"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:50:52.901227+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001113169-23-000002
- form_type: 8-K
- ticker: TROW
- cik: 0001113169
- company_name: PRICE T ROWE GROUP INC
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000002/0001113169-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000002/trow-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001113169-23-000002
- JSON: https://secwatch.observer/filing/0001113169-23-000002.json
- Plain text: https://secwatch.observer/filing/0001113169-23-000002.txt

## Key facts
- Earnings Releases
  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
  source text: Net revenues of $1.5 billion for Q4 2022 and $6.5 billion for 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000002/0001113169-23-000002-index.htm
- Earnings Releases
  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
  source text: Net revenues of $1.5 billion for Q4 2022 and $6.5 billion for 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000002/0001113169-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.