NASDAQ$TROW
T Rowe Price Group Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
T. Rowe Price reported Q3 2024 results with EPS of $2.64 and adjusted EPS of $2.57.
T. Rowe Price Group reported Q3 2024 results, with encouraging signs of progress in strategic initiatives and long-term performance. Quarter-end assets under management reached $1.63 trillion, despite net client outflows of $12.2 billion. The firm returned $354 million to stockholders through dividends and stock repurchases.
- Assets under management at quarter-end reached $1.63 trillion.
- Net client outflows totaled $12.2 billion.
- Diluted earnings per common share (EPS) were $2.64.
- Adjusted diluted EPS amounted to $2.57.
Headline financials
Revenue & EPS history
T. Rowe Price · Revenue · Quarterly
$1.79B
Revenue by segment
T. Rowe Price · $1.53B total across 2 segments · Q3 2023
- Advisory fees$1.46B—95.7%
- CABI$66.1M—4.3%
Forward guidance
The firm estimates that its effective tax rate for the full year 2024 will be in the range of 23.5% to 26.5% on a U.S. GAAP basis, and 23.5% to 25.5% 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 Q3 2024
+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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