T. Rowe Price Q2 adj EPS $2.26, revenue up 7.6% YoY; AUM $1.57T, net outflows $3.7B

PRICE T ROWE GROUP INC

2024-Q2 EPS reported $4.60 revenue$3,483,500,000

GAAP diluted EPS $2.11; adjusted diluted EPS $2.26, up 11.9% YoY.
Net revenues $1.733B (+7.6% YoY); investment advisory fees $1.586B (+10.8% YoY).
Ending AUM $1.57T (+12.1% YoY); net client outflows of $3.7B in Q2.
Returned $396M to stockholders via dividends and share repurchases in Q2.
CEO notes steady flow progress; ETF AUM grew to $5.3B; on track to reduce net outflows in 2024.

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