UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32191 ______________________________________ T. ROWE PRI ...

T. Rowe Price Group, Inc. (NASDAQ:TROW) Q3 2023 Earnings Conference Call October 27, 2023 8:00 AM ET Company Participants Linsley Carruth - Director, Investor Relations Robert Sharps - Chief Executive Officer and President Jen Dardis - Chief Financial Officer and Treasurer Eric Veiel - Head of Global Equity and Chief Investment Officer Conference Call Participants Alexander Blostein - Goldman Sachs Craig Siegenthaler - Bank of America Patrick Davitt - Autonomous Brian Bedell - Deutsche Bank Ken Worthington ...

OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32191 ______________________________________ T. ROWE PRICE GR ...

T. Rowe Price Group, Inc. (NASDAQ:TROW) Q2 2023 Earnings Conference Call July 28, 2023 8:00 AM ET Company Participants Linsley Carruth - Director of Investor Relations Rob Sharps - Chief Executive Officer and President Jen Dardis - Chief Financial Officer Conference Call Participants Ken Worthington - JPMorgan Finian O'Shea - Wells Fargo Securities Dan Fannon - Jefferies Craig Siegenthaler - Bank of America Glenn Schorr - Evercore Brian Bedell - Deutsche Bank Brennan Hawken - UBS Mike Brown - KBW Patrick Da ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32191 ______________________________________ T. ROWE PRICE G ...

Financial Data and Key Metrics Changes - Adjusted earnings per share for Q1 2023 was $1.69, down from $1.74 in Q4 2022 and $2.62 in Q1 2022 [15] - Adjusted operating income increased by 3.7% to $528 million compared to Q4 2022, primarily due to a decline in expenses [15] - Assets under management (AUM) ended the quarter at $1.3 trillion, an increase of $67 billion from December 31, 2022, driven by improving markets [16] Business Line Data and Key Metrics Changes - Net outflows for the first quarter were $16.1 billion, primarily from large-cap growth equity strategies, particularly in the US defined contribution investment only and broker-dealer channels [9] - Positive net inflows included $7.5 billion into the target date franchise and over $250 million in various strategies such as global multi-sector bond and US dividend growth [10][17] - The effective fee rate was 42.7 basis points, reflecting a slight uptick from Q4 2022, with ongoing modest downward fee pressure expected [18] Market Data and Key Metrics Changes - The annual headline inflation rate in the US fell from 6.4% to 5% during the quarter, while the Eurozone saw a decrease from 9.2% to 6.9% [6] - The NASDAQ Composite Index increased nearly 17%, and technology shares within the S&P 500 Index returned nearly 22% during the first quarter [6] Company Strategy and Development Direction - The company is focused on long-term growth initiatives, including enhancing its US intermediary wealth channel and expanding its product offerings [11][12] - Strategic initiatives include enhancing digital experiences for individual investors and expanding private markets and alternative capabilities through acquisitions like OHA [13][14] - The firm aims to return to positive organic growth over time through improved market conditions and sustained investment performance [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term value of active investment management despite current market uncertainties and pressures on net flows [4][5] - The firm is committed to maintaining financial discipline and prioritizing investments in strategic initiatives to navigate market volatility [23] - Management acknowledged the competitive landscape and the need to adapt to changing market conditions while focusing on core strengths [11] Other Important Information - The company has been recognized as a top-tier provider to several large intermediary firms, enhancing its distribution capabilities [12] - The acquisition of Retiree, Inc. aims to improve retirement income planning capabilities across various channels [13] Q&A Session Summary Question: Progress on the OHA transaction - Management characterized the first year with OHA as successful, focusing on distribution synergies and product launches [24][25] Question: Collaboration between OHA and T. Rowe Price fixed income teams - Management stated that investment teams remain largely separate to minimize disruption, while exploring ways to leverage ideas across platforms [27][28] Question: Impact of last year's performance issues on target date flows - Management noted that long-term performance is more critical in target date strategies, and they remain engaged with plan sponsors [32][34] Question: Breakdown of expense growth - Management indicated that about a third of expenses are market-driven, with ongoing investments in strategic initiatives [37][39] Question: Outlook for non-US business growth - Management expressed optimism about growth in core markets like Japan and Australia, despite short-term lumpiness in flows [45][47] Question: Urgency to drive better growth versus M&A - Management acknowledged share loss in certain equity franchises but emphasized a long-term focus on organic growth and strategic acquisitions [49][51] Question: Product and vehicle expansion - Management highlighted ongoing momentum in ETFs and the introduction of new strategies to meet demand [54][56] Question: Employee retention post-OHA integration - Management reported strong employee retention at OHA, with no significant attrition among senior associates [59] Question: Long-term perspective on the 401(k) business - Management noted that while the unbundling trend is significant, T. Rowe Price maintains a strong value proposition in the core market [62][64]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Maryland 52-2264646 State of incorporation IRS Employer Identification No. 100 East Pratt Street, Baltimore, Maryland 21202 Address, including zip code, of principal executive offices FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Com ...

OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32191 ______________________________________ T. ROWE PRI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32191 ______________________________________ T. ROWE PRICE GR ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32191 T. ROWE PRICE GROUP, INC. (Exact name of registrant as ...