---
schema_version: "secwatch.filing_event.v1"
accession: "0001113169-23-000011"
form_type: "8-K"
ticker: "TROW"
cik: "0001113169"
company_name: "PRICE T ROWE GROUP INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T02:38:21.430933+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# T. Rowe Price Q1 GAAP EPS $1.83, revenue down 17.5% YoY, net outflows $16.1B

## Summary
- GAAP diluted EPS of $1.83 ($1.69 adj), down 24.1% from $2.41 in Q1 2022.
- Net revenues of $1.54B, down 17.5% YoY; investment advisory fees $1.39B (-16.3%).
- Net client outflows of $16.1B; target-date inflows of $7.5B offset by equity outflows of $23.5B.
- AUM of $1.34T, up 5.3% from Q4 2022 but down 13.5% from Q1 2022.
- Quarterly dividend raised for 37th consecutive year (amount not disclosed in release).

## SEC filing metadata
- accession: 0001113169-23-000011
- form_type: 8-K
- ticker: TROW
- cik: 0001113169
- company_name: PRICE T ROWE GROUP INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000011/0001113169-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000011/trow-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001113169-23-000011
- JSON: https://secwatch.observer/filing/0001113169-23-000011.json
- Plain text: https://secwatch.observer/filing/0001113169-23-000011.txt

## Key facts
- Earnings Releases
  PRICE T ROWE GROUP INC reported first quarter of 2023 results: EPS $1.83.
  - Period: first quarter of 2023
  - EPS: $1.83
  - Result: reported results
  source text: T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its results for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000011/0001113169-23-000011-index.htm

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