Filing Flows › Price T Rowe Group (TROW) › Q3 2026 › vs Q3 2025
Price T Rowe Group (TROW) Q3 2026 vs Q3 2025 (year over year)
Price T Rowe Group's revenue rose $111M (+6%) from $1.9B in Q3 2025 to $2.0B in Q3 2026. The biggest changes: Investment advisory fees +$97.7M (+6%); Capital allocation-based income +$17.9M (+43%); Administrative, distribution, servicing, and other fees −$5.1M (-3%). Operating margin 38.4% against 34.0% (+4.4 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 38.4% | 34.0% | +4.4 pts |
| Net margin | 30.5% | 34.1% | -3.6 pts |
| Free cash flow margin | 23.5% | 28.8% | -5.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Investment advisory fees | $1.8B | $1.7B | $97.7M | +6% |
| Administrative, distribution, servicing, and other fees | $141M | $146M | −$5.1M | -3% |
| Capital allocation-based income | $59.9M | $42.0M | $17.9M | +43% |
| Performance-based advisory fees | $7.3M | $6.4M | $900K | +14% |
| Revenue | $2.0B | $1.9B | $111M | +6% |
| Other income, net | $17.6M | $238M | −$221M | -93% |
| Operating profit | $770M | $643M | $127M | +20% |
| Costs & expenses | $1.2B | $1.3B | −$15.2M | -1% |
| Pre-tax earnings | $787M | $882M | −$94.2M | -11% |
| Sales & marketing | $21.7M | $21.3M | $400K | +2% |
| Other operating costs | $1.2B | $1.2B | −$15.6M | -1% |
| Loss borne by minority interests | $15.2M | −$40.4M | $55.6M | — |
| Net earnings | $612M | $646M | −$33.8M | -5% |
| Income tax | $190M | $195M | −$4.8M | -2% |
| Share-based compensation | $45.7M | $37.3M | $8.4M | +23% |
| Working capital & other | $115M | $74.1M | $40.6M | +55% |
| Operating cash flow | $543M | $609M | −$66.0M | -11% |
| Free cash flow (OCF − capex) | $471M | $546M | −$75.4M | -14% |
| Capital expenditures | $72.7M | $63.3M | $9.4M | +15% |
Questions
How much did Price T Rowe Group's revenue grow year over year in Q3 2026?
Price T Rowe Group's revenue rose $111M (+6%) from $1.9B in Q3 2025 to $2.0B in Q3 2026.
What drove Price T Rowe Group's revenue change in Q3 2026?
Investment advisory fees +$97.7M (+6%); Capital allocation-based income +$17.9M (+43%); Administrative, distribution, servicing, and other fees −$5.1M (-3%).