Filing Flows › Price T Rowe Group (TROW) › Q2 2026 › vs Q2 2025
Price T Rowe Group (TROW) Q2 2026 vs Q2 2025 (year over year)
Price T Rowe Group's revenue rose $184M (+11%) from $1.7B in Q2 2025 to $1.9B in Q2 2026. The biggest changes: Investment advisory fees +$177M (+11%); Capital allocation-based income +$12.3M (—); Administrative, distribution, servicing, and other fees −$5.5M (-4%). Operating margin 28.3% against 27.8% (+0.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 28.3% | 27.8% | +0.6 pts |
| Net margin | 33.1% | 29.3% | +3.8 pts |
| Free cash flow margin | 23.6% | 27.1% | -3.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Investment advisory fees | $1.7B | $1.6B | $177M | +11% |
| Administrative, distribution, servicing, and other fees | $144M | $150M | −$5.5M | -4% |
| Capital allocation-based income | $11.9M | −$400K | $12.3M | — |
| Performance-based advisory fees | $6.5M | $6.4M | $100K | +2% |
| Revenue | $1.9B | $1.7B | $184M | +11% |
| Other income, net | $369M | $236M | $134M | +57% |
| Operating profit | $540M | $478M | $62.2M | +13% |
| Costs & expenses | $1.4B | $1.2B | $122M | +10% |
| Pre-tax earnings | $910M | $714M | $196M | +27% |
| Sales & marketing | $20.3M | $29.9M | −$9.6M | -32% |
| Other operating costs | $1.3B | $1.2B | $132M | +11% |
| Net earnings | $632M | $505M | $127M | +25% |
| Minority interests | $63.4M | $50.9M | $12.5M | +25% |
| Income tax | $214M | $158M | $56.5M | +36% |
| Share-based compensation | $40.7M | $46.6M | −$5.9M | -13% |
| Working capital & other | $155M | $21.9M | $134M | +610% |
| Operating cash flow | $517M | $530M | −$12.6M | -2% |
| Free cash flow (OCF − capex) | $451M | $468M | −$16.8M | -4% |
| Capital expenditures | $66.4M | $62.2M | $4.2M | +7% |
Questions
How much did Price T Rowe Group's revenue grow year over year in Q2 2026?
Price T Rowe Group's revenue rose $184M (+11%) from $1.7B in Q2 2025 to $1.9B in Q2 2026.
What drove Price T Rowe Group's revenue change in Q2 2026?
Investment advisory fees +$177M (+11%); Capital allocation-based income +$12.3M (—); Administrative, distribution, servicing, and other fees −$5.5M (-4%).