T. Rowe Price Q2 2023: EPS $2.06 GAAP ($2.02 adj.), net outflows $20B, AUM $1.40T

PRICE T ROWE GROUP INC

2023-Q2 EPS reported $3.89 revenue$3,147,800,000

Diluted GAAP EPS of $2.06 vs $1.46 YoY; adjusted diluted EPS of $2.02 vs $1.79 YoY.
Net revenues $1.61B (+6.4% YoY) driven by $38.7M capital allocation-based income vs -$126.3M a year ago.
Net client outflows of $20.0B in Q2, with equity outflows of $19.5B; total AUM rose to $1.40T.
Investment advisory fees $1.43B (-4.4% YoY) due to lower average AUM and effective fee rate of 42.3 bps.
Returned $323M to stockholders via dividends and buybacks; headcount of 7,903, up 1.7% YoY.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PRICE T ROWE GROUP INC reported financial results for for the three and six months ended June 30, 2023.

Period: for the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On July 28, 2023 we issued an earnings release reporting our results of operations for the three and six months ended June 30, 2023.

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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 0001113169-23-000022

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