NASDAQ$TROW

T Rowe Price Group Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

T. Rowe Price reported mixed results with a decrease in AUM but an increase in revenues and EPS.

T. Rowe Price Group, Inc. reported Q4 2024 results with a decrease in assets under management (AUM) to $1.61 trillion. However, the company saw an increase in net revenues and diluted earnings per share (EPS) compared to the same quarter last year. Net client outflows were $19.3 billion for the quarter.

  • Assets under management (AUM) reached $1.61 trillion.
  • Net client outflows totaled $19.3 billion.
  • Diluted earnings per share (EPS) were $1.92.
  • Adjusted diluted EPS stood at $2.12.

Headline financials

Total Revenue

$1.82B

Previous: $1.64B+11.1%
EPS (adj)

$2.12

Previous: $1.72+23.3%
Net Income

$440M

Previous: $438M+0.5%
Operating Income

$568M

Previous: $387M+46.8%

Revenue & EPS history

T. Rowe Price · Revenue · Quarterly

$1.82B

Q4 2024+11.1%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

T. Rowe Price · $1.53B total across 2 segments · Q3 2023

  • Advisory fees
    $1.46B
  • CABI
    $66.1M

Forward guidance

The firm estimates that its effective tax rate for the full year 2025 will be in the range of 23.0% to 27.0% on a U.S. GAAP basis, and 23.0% to 26.0% 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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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