Filing Flows › Price T Rowe Group (TROW) › Q3 2026 › vs Q2 2026
Price T Rowe Group (TROW) Q3 2026 vs Q2 2026 (quarter over quarter)
Price T Rowe Group's revenue rose $97.5M (+5%) from $1.9B in Q2 2026 to $2.0B in Q3 2026. The biggest changes: Investment advisory fees +$51.6M (+3%); Capital allocation-based income +$48.0M (+403%); Administrative, distribution, servicing, and other fees −$2.9M (-2%). Operating margin 38.4% against 28.3% (+10.1 pts).
Price T Rowe Group, Q3 2026: revenue $2.0B (+6% year over year), operating margin 38.4%, net earnings $612M, operating cash flow $543M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 38.4% | 28.3% | +10.1 pts |
| Net margin | 30.5% | 33.1% | -2.6 pts |
| Free cash flow margin | 23.5% | 23.6% | -0.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Investment advisory fees | $1.8B | $1.7B | $51.6M | +3% |
| Administrative, distribution, servicing, and other fees | $141M | $144M | −$2.9M | -2% |
| Capital allocation-based income | $59.9M | $11.9M | $48.0M | +403% |
| Performance-based advisory fees | $7.3M | $6.5M | $800K | +12% |
| Revenue | $2.0B | $1.9B | $97.5M | +5% |
| Other income, net | $17.6M | $369M | −$352M | -95% |
| Operating profit | $770M | $540M | $229M | +42% |
| Costs & expenses | $1.2B | $1.4B | −$132M | -10% |
| Pre-tax earnings | $787M | $910M | −$122M | -13% |
| Sales & marketing | $21.7M | $20.3M | $1.4M | +7% |
| Other operating costs | $1.2B | $1.3B | −$133M | -10% |
| Loss borne by minority interests | $15.2M | −$63.4M | $78.6M | — |
| Net earnings | $612M | $632M | −$19.7M | -3% |
| Income tax | $190M | $214M | −$23.9M | -11% |
| Share-based compensation | $45.7M | $40.7M | $5.0M | +12% |
| Working capital & other | $115M | $155M | −$40.7M | -26% |
| Operating cash flow | $543M | $517M | $26.0M | +5% |
| Free cash flow (OCF − capex) | $471M | $451M | $19.7M | +4% |
| Capital expenditures | $72.7M | $66.4M | $6.3M | +9% |
Questions
How much did Price T Rowe Group's revenue grow quarter over quarter in Q3 2026?
Price T Rowe Group's revenue rose $97.5M (+5%) from $1.9B in Q2 2026 to $2.0B in Q3 2026.
What drove Price T Rowe Group's revenue change in Q3 2026?
Investment advisory fees +$51.6M (+3%); Capital allocation-based income +$48.0M (+403%); Administrative, distribution, servicing, and other fees −$2.9M (-2%).