TROW reports $1.86 billion in Q1 revenue and $498.2 million net income but faces $13.7 billion in client outflows amid crypto push.
T. Rowe Price Group Inc (NASDAQ:TROW) reported a 5.3% year-over-year rise in Q1 2026 revenue to $1.86 billion, while net income increased 1.6% to $498.2 million. The company declared a $1.30 per share quarterly dividend payable June 29.
Despite the earnings growth, TROW continued to experience outflows, with net client withdrawals totaling $13.7 billion for the quarter. The firm manages over $1.8 trillion in assets and has seen persistent challenges in its equity and mutual fund businesses.
To address client demand, T. Rowe Price is advancing plans for a crypto ETF, offering exposure to up to 15 cryptocurrencies with active management and staking yields. CEO Rob Sharps highlighted efforts to stabilize flows through innovation and new product development.