NASDAQ$TROW
T Rowe Price Group Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported an increase in AUM and net revenues driven by improved market performance and cost savings initiatives.
T. Rowe Price Group reported Q2 2023 results with an increase in assets under management to $1.40 trillion. Net revenues increased by 6.4% compared to Q2 2022, primarily driven by an increase in accrued carried interest. Diluted earnings per share (EPS) was $2.06, and adjusted diluted EPS was $2.02.
- Assets under management reached $1.40 trillion at the end of the quarter.
- Net client outflows amounted to $20.0 billion.
- Diluted earnings per common share (EPS) stood at $2.06; Adjusted diluted EPS was $2.02.
- Returned $323 million to stockholders mostly from the recurring quarterly dividend
Headline financials
Revenue & EPS history
T. Rowe Price · Revenue · Quarterly
$1.61B
Revenue by segment
T. Rowe Price · $1.47B total across 2 segments · Q2 2023
- Advisory fees$1.43B—97.4%
- CABI$38.7M—2.6%
Forward guidance
The firm estimates that its effective tax rate for the full year 2023 will be in the range of 26% to 30%, on a U.S. GAAP basis, and 26.5% to 29.5%, on a non-GAAP basis.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.1%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.9%
Avg return
30 days after
52%
38 / 73 earnings
Positive
+9.8%
Q1 2020
Best reaction
-8.9%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +2.4% | +3.6% | +4.1% | |
| Q1 2026 | +2.1% | +3.6% | +4.1% | |
| Q3 2025 | -0.5% | +0.2% | +0.2% | |
| Q1 2025 | +3.8% | +3.7% | +6.2% | |
| Q4 2024 | -4.2% | -5.1% | -12.9% | |
| Q3 2024 | +2.4% | +10.4% | +12.7% | |
| Q2 2024 | -2.1% | -1.1% | -5.1% | |
| Q1 2024 | +3.0% | +1.4% | +8.6% | |
| Q4 2023 | -3.1% | -4.5% | +7.5% | |
| Q3 2023 | -3.0% | -1.9% | +5.9% | |
| Q2 2023 | +5.3% | +1.2% | -6.3% | |
| Q1 2023 | -5.0% | -3.4% | -2.6% | |
| Q4 2022 | -0.3% | -0.1% | -5.6% | |
| Q3 2022 | -0.4% | -2.2% | +14.7% | |
| Q2 2022 | +2.5% | +1.8% | -0.6% | |
| Q1 2022 | -6.1% | -1.9% | -0.9% | |
| Q4 2021 | -4.3% | -0.6% | -7.3% | |
| Q3 2021 | +6.4% | +6.4% | -0.5% | |
| Q2 2021 | +0.6% | +3.4% | +9.8% | |
| Q1 2021 | -0.3% | +1.2% | +6.5% | |
| Q4 2020 | -0.0% | +0.6% | +3.6% | |
| Q3 2020 | -7.6% | -3.6% | +6.2% | |
| Q2 2020 | +0.4% | +2.6% | +3.9% | |
| Q1 2020 | +9.8% | +3.7% | +13.3% | |
| Q4 2019 | +4.0% | +2.5% | -10.1% | |
| Q3 2019 | +4.9% | +8.7% | +11.7% | |
| Q2 2019 | +3.1% | +4.0% | -4.5% | |
| Q1 2019 | +0.1% | -0.2% | -3.5% | |
| Q4 2018 | +0.8% | +2.6% | +8.5% | |
| Q3 2018 | +0.0% | +2.5% | +0.8% | |
| Q2 2018 | +0.2% | -3.2% | -4.9% | |
| Q1 2018 | +4.6% | +6.0% | +13.0% | |
| Q4 2017 | -5.0% | -6.5% | -6.4% | |
| Q3 2017 | -1.2% | -2.4% | +2.9% | |
| Q2 2017 | +4.7% | +1.5% | +1.7% | |
| Q1 2017 | -3.4% | -2.4% | -4.1% | |
| Q4 2016 | -6.5% | -9.1% | -3.0% | |
| Q3 2016 | -3.5% | -3.8% | +12.2% | |
| Q2 2016 | -4.1% | -4.1% | -6.8% | |
| Q1 2016 | +0.6% | — | — | |
| Q4 2015 | +7.1% | — | — | |
| Q3 2015 | +6.8% | — | — | |
| Q2 2015 | -2.4% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q4 2014 | -3.4% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | +0.2% | — | — | |
| Q4 2013 | +3.2% | — | — | |
| Q3 2013 | -2.7% | — | — | |
| Q2 2013 | -4.8% | — | — | |
| Q1 2013 | -6.0% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | -1.5% | — | — | |
| Q1 2012 | +3.6% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | -8.9% | — | — | |
| Q2 2011 | -6.7% | — | — | |
| Q1 2011 | +2.6% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q3 2010 | +3.8% | — | — | |
| Q2 2010 | -2.0% | — | — | |
| Q1 2010 | +1.2% | — | — | |
| Q1 2008 | -0.3% | — | — | |
| Q4 2007 | -0.3% | — | — | |
| Q4 2009 | -0.3% | — | — | |
| Q3 2009 | +9.2% | — | — | |
| Q3 2008 | +9.2% | — | — | |
| Q2 2009 | +0.3% | — | — | |
| Q1 2009 | +0.3% | — | — | |
| Q2 2008 | +0.3% | — | — | |
| Q4 2008 | +0.3% | — | — |
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