NASDAQ$TROW
T Rowe Price Group Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
T. Rowe Price reported a decrease in net revenues and diluted earnings per share for Q4 2022, while also experiencing net client outflows.
T. Rowe Price Group reported a decrease in net revenues to $1.5 billion and a diluted EPS of $1.16 for Q4 2022. The company experienced net client outflows of $17.1 billion during the quarter. Despite these challenges, the company returned $387.3 million to stockholders, including $111.3 million in share repurchases.
- Year-end assets under management reached $1.27 trillion.
- Q4 2022 net revenues were $1.5 billion.
- Q4 2022 diluted EPS was $1.16, and adjusted diluted EPS was $1.74.
- The company returned $387.3 million to stockholders in Q4 2022.
Headline financials
Revenue & EPS history
T. Rowe Price · Revenue · Quarterly
$1.52B
Revenue by segment
T. Rowe Price · $1.39B total across 2 segments · Q4 2022
- Advisory fees$1.37B—98.1%
- CABI$26.5M—1.9%
Forward guidance
T. Rowe Price estimates its 2023 non-GAAP operating expenses, excluding accrued carried interest compensation, will grow in the range of 2% to 6%. This range reflects the redeployment of $85 million in savings realized from the expense management actions taken in 2022 to fund strategic priorities.
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 Q4 2022
+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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