Financial Services
For Q2 FY2026, T. Rowe Price Group reported net revenue of $1.91B (+10.7% YoY) and diluted EPS of $2.88 (+28.6% YoY), supported by strong market appreciation that lifted ending AUM to $1,893.4B despite continued net cash outflows.
Key risk: Persistent Net Cash Outflows and Fee Compression
TROW experienced $6.5B in net cash outflows during Q2 FY2026 alongside a 1.5 bps YoY decline in its effective fee rate to 38.1 bps, highlighting pressure from passive strategy migration and lower-fee product shifts.
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