8-K
filed February 8, 2024, 6:59 PM ET
ticker TROW
CIK 0001113169
earnings
confidence high
sentiment neutral
materiality 0.70
T. Rowe Price Q4 EPS $1.90, revenue up 7.7% YoY; full-year outflows $81.8B
PRICE T ROWE GROUP INC
2023-FY EPS reported
$7.76
revenue$6,460,500,000
- Q4 GAAP EPS $1.90 vs $1.16 YoY; adjusted EPS $1.72; net revenue $1.64B (+7.7% YoY).
- Full-year GAAP EPS $7.76 vs $6.70; adjusted EPS $7.59; net revenue $6.46B (-0.4% YoY).
- Net client outflows $28.3B in Q4, $81.8B for 2023; AUM $1.445T (+13.3% YoY).
- Returned $1.376B to stockholders in 2023 via dividends and stock repurchases.
- CEO cites improved investment performance, large cap growth funds strong; expects better days ahead.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PRICE T ROWE GROUP INC reported Q4 2023 results: revenue $ 1,642.0, net income $ 437.6, EPS $ 1.90.
- Period
- Q4 2023
- Revenue
- $ 1,642.0
- Net income
- $ 437.6
- EPS
- $ 1.90
- Result
- reported results
Exact text from the filing
$ 1,461.2 $ 1,368.3 6.8 % $ 1,463.9 (0.2) % $ 5,747.7 $ 5,969.1 (3.7) % Capital allocation-based income (1) (2) $ 40.2 $ 26.5 n/m $ 66.1 n/m $ 161.9 $ (54.3) n/m Net revenues $ 1,642.0 $ 1,524.2 7.7 % $ 1,670.7 (1.7) % $ 6,460.5 $ 6,488.4 (0.4) % Operating expenses $ 1,254.8 $ 1,271.1 (1.3) % $ 1,089.4 15.2 % $ 4,474.3 $ 4,114.7 8.7 % Net operating income $
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PRICE T ROWE GROUP INC reported 2023 results: revenue $ 6,460.5, net income $ 1,788.7, EPS $ 7.76.
- Period
- 2023
- Revenue
- $ 6,460.5
- Net income
- $ 1,788.7
- EPS
- $ 7.76
- Result
- reported results
Exact text from the filing
% $ 5,747.7 $ 5,969.1 (3.7) % Capital allocation-based income (1) (2) $ 40.2 $ 26.5 n/m $ 66.1 n/m $ 161.9 $ (54.3) n/m Net revenues $ 1,642.0 $ 1,524.2 7.7 % $ 1,670.7 (1.7) % $ 6,460.5 $ 6,488.4 (0.4) % Operating expenses $ 1,254.8 $ 1,271.1 (1.3) % $ 1,089.4 15.2 % $ 4,474.3 $ 4,114.7 8.7 % Net operating income $ 387.2 $ 253.1 53.0 % $ 581.3 (33.4) % $ 1,986.2
View on SEC.gov
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