---
schema_version: "secwatch.filing_event.v1"
accession: "0001113169-24-000011"
form_type: "8-K"
ticker: "TROW"
cik: "0001113169"
company_name: "PRICE T ROWE GROUP INC"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:13:42.325057+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# T. Rowe Price Q1 2024: EPS $2.49, AUM $1.54T, net outflows $8B, dividend raised for 38th year

## Summary
- Diluted EPS $2.49 GAAP, adjusted $2.38; revenue $1.75B (+13.8% YoY).
- Net client outflows $8.0B, about half of Q1 2023 outflows; AUM $1.54T (+$97.7B QoQ).
- Operating income $586.6M GAAP, adjusted $692.4M; returned $365M to shareholders.
- Quarterly dividend increased for 38th consecutive year; effective fee rate 42.1 bps.
- CEO expects substantial improvement in outflows in 2024.

## SEC filing metadata
- accession: 0001113169-24-000011
- form_type: 8-K
- ticker: TROW
- cik: 0001113169
- company_name: PRICE T ROWE GROUP INC
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113169/000111316924000011/0001113169-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113169/000111316924000011/trow-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001113169-24-000011
- JSON: https://secwatch.observer/filing/0001113169-24-000011.json
- Plain text: https://secwatch.observer/filing/0001113169-24-000011.txt

## Key facts
- Earnings Releases
  PRICE T ROWE GROUP INC reported the first quarter of 2024 results: revenue $1.8 billion, net income $573.8 million, EPS $2.49.
  - Period: the first quarter of 2024
  - Revenue: $1.8 billion
  - Net income: $573.8 million
  - EPS: $2.49
  - Result: reported results
  source text: 42.2 (0.1) (1) The Capital allocation-based income represents the change in accrued carried interest. The percentage change is not meaningful (n/m). Net revenues in Q1 2024 were $1.8 billion, an increase of 13.8% from Q1 2023 and an increase of 6.6% from Q4 2023. The Q1 2024 increase over Q1 2023 was primarily driven by increases in investment advisory fees on higher
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113169/000111316924000011/0001113169-24-000011-index.htm

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