T. Rowe Price Group, Inc. (TROW) earnings on July 31, 2026

TROW price around the earnings

111.75

Change: -6.4%

End of the measured window

110.35 114.12 117.89 121.66 119.45

July 31, 2026

Price: green if it ends above the starting price; red if it ends below
End of the measured window
Market open
Starting price

Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published: 2026-07-31, 09:56 UTC
Results released: 2026-07-31, 11:05 UTC

Modest positive trend strength (+5.72% RS vs SPY), 75% beat rate, recent PT cuts create headwind but after a strong recent drop the scenario is optimistic.

Context analyzed before publication

Trend: Stock showed a positive run-up in recent days, but trend strength faded into the event, tempering expectations.

Analysts

Evidence

Analyst consensus: Hold
Consensus average (1-5): 3.38
Analysts covering the stock: 12
Average price target: 110.58
Lowest price target: 86
Highest price target: 124
Upside to price target: -7.3%
Quarterly earnings growth: 1.6%
Revenue growth: 5.3%
Forward EPS: 10.35
Trailing EPS: 9.35
Analyst moves in the last 60 days: 6

Strong buy: 0
Buy: 0
Hold: 9
Sell: 1
Strong sell: 3

Strong buy: 0
Buy: 0
Hold: 9
Sell: 1
Strong sell: 3

July 20, 2026 · TD Cowen: Maintains rating (Hold → Hold)
July 14, 2026 · Barclays: Maintains rating (Underweight → Underweight)
July 10, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
July 10, 2026 · Keefe, Bruyette & Woods: Maintains rating (Market Perform → Market Perform)
June 26, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
June 8, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)

News and sentiment

Evidence

Sentiment

Sentiment: Constructive
Mention volume: Low
Normalized volume: 29.7%

News

Sources (8)

T. Rowe Price Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
T. Rowe Price Launches Bitcoin-Led, Six-Token Crypto ETF — Digital Assets Head Sees Winter Easing by Q4 (opens in a new tab) — Benzinga
TD Cowen Maintains Hold on T. Rowe Price Group, Lowers Price Target to $107 (opens in a new tab) — Benzinga
Meta, Vistra, T. Rowe Price and a Health Care Stock on CNBC’s ‘Final Trades’ (opens in a new tab) — Benzinga
CNBC Halftime Report Final Trades: Vistra, Meta Platforms, Eli Lilly, T.Rowe Price Group (opens in a new tab) — Benzinga
Barclays Maintains Underweight on T. Rowe Price Group, Raises Price Target to $108 (opens in a new tab) — Benzinga
Evercore ISI Group Maintains In-Line on T. Rowe Price Group, Raises Price Target to $121 (opens in a new tab) — Benzinga
Keefe, Bruyette & Woods Maintains Market Perform on T. Rowe Price Group, Raises Price Target to $120 (opens in a new tab) — Benzinga

Technicals

Evidence

Price when the context was analyzed: 119.39
Average true range (ATR): 2.1%
Distance to 52-week high: -2.0%
14-day change (14d): +0.4%
30-day change (30d): +5.0%
30-day relative strength: +5.7%
SPY change (30d): -0.7%
Nearest support: 118.86
Distance to nearest support: 0.5%
Nearest resistance: 119.67
Distance to nearest resistance: 0.2%
Volume accumulation ratio (14d / 46d): 0.88

Mid: 118.86 (0.5% away, 0.22 ATR, 11 touches)
Mid: 117.76 (1.4% away, 0.66 ATR, 22 touches)
Mid: 116.84 (2.1% away, 1.02 ATR, 17 touches)

Mid: 119.67 (0.2% away, 0.11 ATR, 23 touches)
Minor: 120.12 (0.6% away, 0.29 ATR, 4 touches)
Minor: 120.58 (1% away, 0.47 ATR, 6 touches)

Trends

Evidence

Average earnings surprise: +5.5%

April 30, 2026: actual EPS 2.52 vs estimate 2.35 (surprise +7.4%)
February 4, 2026: actual EPS 2.44 vs estimate 2.46 (surprise -1.0%)
October 31, 2025: actual EPS 2.81 vs estimate 2.54 (surprise +10.5%)
August 1, 2025: actual EPS 2.24 vs estimate 2.13 (surprise +4.9%)

Expected move

Implied move: +1.8%
Source: Options chain

Reactions over its last 20 earnings

Median move: 2.6%
75th percentile move: 4.7%
90th percentile move: 5.4%
Up / down moves: 11 / 9
Average up move: +3.0%
Average down move: -3.3%

Monitoring and close

What T. Rowe Price Group, Inc. reported

Status: Finished

Actual EPS	2.57
EPS estimate	2.5
EPS surprise	+2.8%
Revenue	$1,907 million
Revenue estimate	$1,882 million
Revenue surprise	+1.3%

T. Rowe Price beat Q2 estimates with EPS of $2.57, but faces a pessimistic outlook due to outflows and rising expenses. On Friday, its stock was among the top movers in the S&P 500.

Sources (10)

T. Rowe Price Group Inc (TROW) (Q2 2026) Earnings Call Highlights: EPS Beats on Strong Revenue, ... (opens in a new tab) — GuruFocus.com
T. Rowe Price Q2 Earnings Top Estimates on Higher Revenues & Record AUM (opens in a new tab) — Zacks
T. Rowe Price Group Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
T. Rowe Price (NASDAQ:TROW) Misses Q2 CY2026 Revenue Estimates (opens in a new tab) — StockStory
T. Rowe Price (TROW) Q2 Earnings Top Estimates (opens in a new tab) — Zacks
T. Rowe Price Group, Inc. (TROW) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
T. Rowe Price Group, Inc. 2026 Q2 - Results - Earnings Call Presentation (opens in a new tab) — SeekingAlpha
T. Rowe Price beat expectations in Q2: earnings of $2.57 per share and revenue of $1.907 billion, both above estimates. — Benzinga
T. Rowe Price Gr Q2 Adj. EPS $2.57 Beats $2.50 Estimate, Sales $1.907B Beat $1.882B Estimate (opens in a new tab) — Benzinga
T. ROWE PRICE GROUP REPORTS SECOND QUARTER 2026 RESULTS (opens in a new tab) — Yahoo

Pre-market second reading after the results

Verdict: Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -1.2% pre-market, a move below the stock's usual reaction (about 3%). The figures don't confirm the prior scenario: there was no prior directional scenario to check against.

How the stock reacted

Consolidated: -6.2%
Max move: -7.7%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.