AI English summary of an SEC filing — figures as filed
T. Rowe Price TROWT. Rowe Price said assets under management at the end of Q1 2025 were $1,566.3 billion, a decrease of $40.3 billion from December 31, 2024. The company cited market depreciation of $31.7 billion and net cash outflows of $8.6 billion as factors.
Key points
AI summaryT. Rowe Price said assets under management at the end of Q1 2025 were $1,566.3 billion, a decrease of $40.3 billion from December 31, 2024. The company cited market depreciation of $31.7 billion and net cash outflows of $8.6 billion as factors.
T. Rowe Price said net revenues for Q1 2025 were $1,763.9 million, a 0.8% increase compared to Q1 2024 of $1,750.2 million. The company explained that investment advisory fees increased 4.0% as average assets under management rose 9.2%, nearly offset by a decline in capital allocation-based income of $48.3 million.
T. Rowe Price said the U.S. GAAP operating margin for Q1 2025 was 33.8%, compared to 33.5% for Q1 2024, and diluted earnings per share was $2.15, compared to $2.49 for Q1 2024. The company cited lower investment gains as a factor in the decrease in earnings per share.
T. Rowe Price said it repurchased 2.1 million shares of common stock for $217.5 million at an average price of $101.57 in Q1 2025, and increased its quarterly dividend per common share by 2.4% to $1.27 from $1.24. The company said net cash provided by operating activities attributable to T. Rowe Price Group, Inc. was $771.9 million.
Key figures
Quarter ended March 31, 2025
- Revenue
- $1.8B
- Operating income
- $596M
- Net income
- $491M
- EPS
- $2.15
- Operating cash flow
- $633M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Changes in assets under management for Q1 2025
T. Rowe Price said assets under management at the end of Q1 2025 were $1,566.3 billion, a decrease of $40.3 billion from December 31, 2024. The company cited market depreciation of $31.7 billion and net cash outflows of $8.6 billion as factors.
Source · Based on the MD&A text of the filing
Net revenues and investment advisory fees for Q1 2025
T. Rowe Price said net revenues for Q1 2025 were $1,763.9 million, a 0.8% increase compared to Q1 2024 of $1,750.2 million. The company explained that investment advisory fees increased 4.0% as average assets under management rose 9.2%, nearly offset by a decline in capital allocation-based income of $48.3 million.
Source · Based on the MD&A text of the filing
Operating margin and diluted earnings per share for Q1 2025
T. Rowe Price said the U.S. GAAP operating margin for Q1 2025 was 33.8%, compared to 33.5% for Q1 2024, and diluted earnings per share was $2.15, compared to $2.49 for Q1 2024. The company cited lower investment gains as a factor in the decrease in earnings per share.
Source · Based on the MD&A text of the filing
Shareholder returns and operating cash flow for Q1 2025
T. Rowe Price said it repurchased 2.1 million shares of common stock for $217.5 million at an average price of $101.57 in Q1 2025, and increased its quarterly dividend per common share by 2.4% to $1.27 from $1.24. The company said net cash provided by operating activities attributable to T. Rowe Price Group, Inc. was $771.9 million.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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