Filing Flows › Price T Rowe Group (TROW) › Q3 2026
Price T Rowe Group (TROW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Price T Rowe Group (TROW) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +5% from the quarter before. Operating margin was 38.4%, net earnings $612M (30.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +5% | +6% |
| Operating profit | $770M | +42% | +20% |
| Net earnings | $612M | -3% | -5% |
| Operating cash flow | $543M | +5% | -11% |
| Free cash flow | $471M | +4% | -14% |
What changed
Revenue was $2.0B in Q3 2026, up 6% year over year and up 5% from the previous quarter. Investment advisory fees was the largest line at 90% of revenue. Investment advisory fees added $0.10B year over year (up 6%), 88% of the total change. Administrative, distribution, servicing, and other fees declined 3%.
Operating profit was $0.77B, a 38.4% margin (up 4.4 points year over year). Of the extra revenue versus Q3 2025, 114% reached operating profit, above the 34% margin then. Total costs fell 1% while revenue rose 6%. Net earnings were $0.61B, down 5% year over year ($0.60B including minority interests, which bore $0.02B of losses). The effective tax rate was 24.2%.
Operating cash flow was $0.54B (down 11% year over year), 91% of net income including minority interests. Non-cash charges added back $0.05B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.07B left free cash flow of $0.47B.
Questions
What was Price T Rowe Group's revenue in the third quarter 2026?
Price T Rowe Group (TROW) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +5% from the quarter before.
Was Price T Rowe Group profitable in the third quarter 2026?
Operating profit was $770M (38.4% of revenue) and net earnings $612M.
Source: Price T Rowe Group 10-Q on SEC EDGAR.