T. Rowe Price Q3 EPS $1.97 GAAP/$2.17 adj; AUM falls to $1.35T on $17.4B outflows

PRICE T ROWE GROUP INC

2023-Q3 EPS reported $5.86 revenue$4,818,500,000

Diluted EPS $1.97 GAAP ($2.17 adj) vs $1.66 GAAP in Q3 2022, up 18.7% GAAP.
Net revenues $1.67B (+5.2% YoY); investment advisory fees $1.46B (+1.5%).
AUM $1.35T, down $52.9B from Q2; net outflows $17.4B led by equity ($19.7B outflows).
Adjusted operating expenses $1.06B (+3.2% YoY); headcount 7,842, down 1.9% YoY.
Returned $386M via quarterly dividend and stock repurchases in Q3.

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 three and nine months ended September 30, 2023 results: revenue $1,670.7, net income $453.2, EPS $1.97 per diluted common share.

Period: three and nine months ended September 30, 2023
Revenue: $1,670.7
Net income: $453.2
EPS: $1.97 per diluted common share
Result: reported results

Exact text from the filing

Change U.S. GAAP basis Investment advisory fees $ 1,463.9 $ 1,442.0 1.5 % $ 1,430.8 2.3 % Capital allocation-based income (1) (2) $ 66.1 $ 1.1 n/m $ 38.7 n/m Net revenues $ 1,670.7 $ 1,588.2 5.2 % $ 1,610.2 3.8 % Operating expenses $ 1,089.4 $ 1,013.6 7.5 % $ 1,076.7 1.2 % Net operating income $ 581.3 $ 574.6 1.2 % $ 533.5 9.0 % Non-operating income (loss)

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PRICE T ROWE GROUP INC filing history →

Source: SEC EDGAR

accession 0001113169-23-000042

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