T. Rowe Price Q2 2026: Revenue +10.7%, Operating Margin Improves to 28.3%, EPS +28.6%

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~1 min read

Key Changes

• high

  Q2 2026 net revenues rose 10.7% YoY to $1.9B, driven by 15.7% higher average AUM as equity markets rallied (S&P 500 +15.2%, NASDAQ +21.4%, Russell 2000 +21.5%). Operating margin improved to 28.3% from 27.8%.

  MD&A: Revenue & Operating Margin verify on EDGAR →
• high

  Diluted EPS rose 28.6% to $2.88 from $2.24, driven by higher operating income and investment gains. Adjusted EPS rose 14.7% to $2.57, reflecting stronger core operations.

  MD&A: Earnings verify on EDGAR →
• high

  Target date retirement AUM grew 19.5% YoY to $622.0B, but YTD net flows slowed to $6.6B from $8.0B in 2025. This key product line saw moderating inflows despite strong market appreciation.

  MD&A: Target Date Flows verify on EDGAR →