---
schema_version: "secwatch.filing_event.v1"
accession: "0001113169-23-000042"
form_type: "8-K"
ticker: "TROW"
cik: "0001113169"
company_name: "PRICE T ROWE GROUP INC"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:43:00.102836+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001113169-23-000042
- form_type: 8-K
- ticker: TROW
- cik: 0001113169
- company_name: PRICE T ROWE GROUP INC
- filed_at: 2023-10-27T23:59:59+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/1113169/000111316923000042/0001113169-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000042/trow-20231027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001113169-23-000042
- JSON: https://secwatch.observer/filing/0001113169-23-000042.json
- Plain text: https://secwatch.observer/filing/0001113169-23-000042.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113169/000111316923000042/0001113169-23-000042-index.htm

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