Filing Flows › Price T Rowe Group (TROW) › Q2 2026 › vs Q1 2026
Price T Rowe Group (TROW) Q2 2026 vs Q1 2026 (quarter over quarter)
Price T Rowe Group's revenue rose $50.4M (+3%) from $1.9B in Q1 2026 to $1.9B in Q2 2026. The biggest changes: Investment advisory fees +$61.8M (+4%); Capital allocation-based income −$16.2M (-58%); Administrative, distribution, servicing, and other fees +$5.8M (+4%). Operating margin 28.3% against 36.6% (-8.3 pts).
Price T Rowe Group, Q2 2026: revenue $1.9B (+11% year over year), operating margin 28.3%, net earnings $632M, operating cash flow $517M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 28.3% | 36.6% | -8.3 pts |
| Net margin | 33.1% | 26.8% | +6.3 pts |
| Free cash flow margin | 23.6% | 41.1% | -17.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Investment advisory fees | $1.7B | $1.7B | $61.8M | +4% |
| Administrative, distribution, servicing, and other fees | $144M | $138M | $5.8M | +4% |
| Capital allocation-based income | $11.9M | $28.1M | −$16.2M | -58% |
| Performance-based advisory fees | $6.5M | $7.5M | −$1.0M | -13% |
| Revenue | $1.9B | $1.9B | $50.4M | +3% |
| Other income, net | $369M | −$48.3M | $417M | — |
| Operating profit | $540M | $680M | −$140M | -21% |
| Costs & expenses | $1.4B | $1.2B | $190M | +16% |
| Pre-tax earnings | $910M | $632M | $277M | +44% |
| Sales & marketing | $20.3M | $18.4M | $1.9M | +10% |
| Other operating costs | $1.3B | $1.2B | $188M | +16% |
| Net earnings | $632M | $498M | $134M | +27% |
| Minority interests | $63.4M | −$14.1M | $77.5M | — |
| Income tax | $214M | $148M | $66.1M | +45% |
| Share-based compensation | $40.7M | $49.1M | −$8.4M | -17% |
| Working capital & other | $155M | −$277M | $432M | — |
| Operating cash flow | $517M | $824M | −$307M | -37% |
| Free cash flow (OCF − capex) | $451M | $762M | −$311M | -41% |
| Capital expenditures | $66.4M | $62.0M | $4.4M | +7% |
Questions
How much did Price T Rowe Group's revenue grow quarter over quarter in Q2 2026?
Price T Rowe Group's revenue rose $50.4M (+3%) from $1.9B in Q1 2026 to $1.9B in Q2 2026.
What drove Price T Rowe Group's revenue change in Q2 2026?
Investment advisory fees +$61.8M (+4%); Capital allocation-based income −$16.2M (-58%); Administrative, distribution, servicing, and other fees +$5.8M (+4%).