---
schema_version: "secwatch.filing_event.v1"
accession: "0001113169-23-000022"
form_type: "8-K"
ticker: "TROW"
cik: "0001113169"
company_name: "PRICE T ROWE GROUP INC"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T22:48:55.367130+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001113169-23-000022
- form_type: 8-K
- ticker: TROW
- cik: 0001113169
- company_name: PRICE T ROWE GROUP INC
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000022/0001113169-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000022/trow-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001113169-23-000022
- JSON: https://secwatch.observer/filing/0001113169-23-000022.json
- Plain text: https://secwatch.observer/filing/0001113169-23-000022.txt

## Key facts
- Earnings Releases
  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
  source text: On July 28, 2023 we issued an earnings release reporting our results of operations for the three and six months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000022/0001113169-23-000022-index.htm

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