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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Ben Budish | Barclays | 7 questions · 0% challenging |
| Dan Fannon | Jefferies | 7 questions · 0% challenging |
| Mike Cyprys | Morgan Stanley | 6 questions · 0% challenging |
| Ken Worthington | JPMorgan | 6 questions · 33% challenging |
| Patrick Davitt | Autonomous Research | 5 questions · 0% challenging |
| Alex Blostein | Goldman Sachs | 5 questions · 20% challenging |
| Craig Siegenthaler | Bank of America | 4 questions · 0% challenging |
| Glenn Schorr | Evercore ISI | 4 questions · 0% challenging |
| Brennan Hawken | BMO Capital Markets | 4 questions · 75% challenging |
| Alex Bond | KBW | 3 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jefferies | 1 analyst | 7 questions · 0% challenging |
| Barclays | 1 analyst | 7 questions · 0% challenging |
| JPMorgan | 2 analysts | 7 questions · 29% challenging |
| Autonomous Research | 2 analysts | 6 questions · 0% challenging |
| Morgan Stanley | 1 analyst | 6 questions · 0% challenging |
| Goldman Sachs | 1 analyst | 5 questions · 20% challenging |
| Bank of America | 2 analysts | 5 questions · 0% challenging |
| Evercore ISI | 1 analyst | 4 questions · 0% challenging |
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Calendar quarter Q1 2026Earnings call Apr 30, 2026
FY2026 Q1 in brief
Adjusted EPS grew 13% year-over-year to $2.52 despite AUM declining to $1.71 trillion amid market volatility related to geopolitical tensions, as revenue grew 5% to over $1.8 billion.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for T. Rowe Price (TROW), FY2026 Q1: 6/10. Scores: T. Rowe Price’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: TROW daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
Adjusted EPS grew 13% year-over-year to $2.52 despite AUM declining to $1.71 trillion amid market volatility related to geopolitical tensions, as revenue grew 5% to over $1.8 billion. The ETF business surpassed $25 billion in AUM while OHA grew to $112 billion with a robust pipeline. Equity outflows continued at $13.7 billion while target date delivered $4.9 billion in net inflows, as management maintained 2026 expense guidance at 3-6% growth.
GAAP revenue YoY +5.28% → base 6. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Product Launch | Demand | Competitive Dynamics | M&A | Revenue Growth | Cost Pressure | Innovation & R&D | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 3 | 3 | 2 | 2 | 2 | 1 | 1 |
| 2025Q1 | 4 | 2 | 3 | 2 | 1 | 1 | 1 | |
| 2025Q2 | 4 | 4 | 1 | 2 | 2 | 1 | 2 | |
| 2025Q3 | 5 | 3 | 2 | 1 | 2 | 1 | 2 | 1 |
| 2025Q4 | 2 | 4 | 3 | 1 | 1 | 1 | 1 | |
| 2026Q1 | 2 | 3 | 3 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Product Launch | 4 | 4 | 4 | 5 | 2 | 2 |
| Demand | 3 | 2 | 4 | 3 | 4 | 3 |
| Competitive Dynamics | 3 | 3 | 1 | 2 | 3 | 3 |
| M&A | 2 | 2 | 2 | 1 | 1 | |
| Revenue Growth | 2 | 1 | 2 | 2 | 1 | |
| Cost Pressure | 2 | 1 | 1 | 1 | 1 | 1 |
| Innovation & R&D | 1 | 2 | 2 | 1 | ||
| Margin | 1 | 1 | 1 | 1 | 1 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.82B | +11.1% | $1.92 | +1.1% | 31.2% | 24.1% |
| FY2025 Q1 | $1.76B | +0.8% | $2.15 | -13.7% | 33.8% | 27.8% |
| FY2025 Q2 | $1.72B | -0.6% | $2.24 | +6.2% | 27.8% | 29.3% |
| FY2025 Q3 | $1.89B | +6.0% | $2.87 | +8.7% | 34.0% | 34.1% |
| FY2025 Q4 | $1.93B | +6.0% | $1.99 | +3.6% | 24.4% | 23.0% |
| FY2026 Q1Selected | $1.86B | +5.3% | $2.23 | +3.7% | 36.6% | 26.8% |
| FY2026 Q2 | $1.91B | +10.7% | $2.88 | +28.6% | 28.3% | 33.1% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What TROW said about other companies on its FY2026 Q1 call, and what other companies said about TROW on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we feel very, very good about the decisions we've made on both the partnership with T. Rowe and the 2 acquisitions”
Goldman highlights its partnership with T. Rowe Price alongside two acquisitions, a signal on a T. Rowe Price strategic partnership.
“OHA now manage certain public and private assets on behalf of Aspida, a $30 billion life insurance and annuity platform.”
T. Rowe Price/OHA manage public and private assets for Aspida, a $30 billion life insurance and annuity platform, as part of its insurance-market expansion.
“We advanced our partnership with First Abu Dhabi Bank from planning into execution, with preparations underway across marketing, training and client support for a targeted mid 2026 launch.”
T. Rowe Price's partnership with First Abu Dhabi Bank is moving into execution ahead of a targeted mid-2026 launch.
“Our collaboration with Goldman Sachs is progressing with momentum building in model portfolios and product development advancing for the launch of an interval fund and Target Date sister series later this year.”
T. Rowe Price's strategic collaboration with Goldman Sachs is advancing model portfolios and co-branded product development including interval and target date funds.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| TROWT. Rowe Price | 6 | +5.3% | EPS up 13% YoY despite AUM decline | |
| AMPAmeriprise Financial | 8 | +9.0% | Record EPS of $11.26 with ROE exceeding 54% | |
| APOApollo Global Management | 6 | -11.1% | GAAP Revenue Decline from Investment Returns | |
| ARESAres Management Corporation | 9 | +40.8% | Ares started fiscal 2026 with record fundraising momentum and management fees growing 22% on 40.8% revenue growth | |
| BENFranklin Resources | 8 | +8.7% | Long-term net inflows of $16.9B with record gross sales across all regions | |
| BLKBlackRock | 9 | +26.9% | Revenue rose 27% year over year to $6.7 billion and as-adjusted earnings per share of $12.53 was 11% higher, as $130 billion of net inflows drove 8% organic base fee growth, BlackRock's seventh consecutive quarter at or above 5% | |
| BXBlackstone Inc. | 8 | +39.3% | AI Infrastructure Leadership Drives Returns | |
| IVZInvesco | 8 | +14.1% | 11th consecutive quarter of net inflows with $21.8B | |
| KKRKKR | 7 | +31.0% | Record Fee-Related Earnings and Management Fees | |
| NTRSNorthern Trust | 9 | +7.8% | Northern Trust extended its positive operating leverage streak to seven consecutive quarters, posting record NII of $662 million, up 15% year-over-year, and EPS of $2.71, up 43% | |
| PFGPrincipal Financial Group | 7 | -4.5% | Adjusted EPS growth of 13% above high end of target range | |
| RJFRaymond James Financial | 7 | +12.4% | Record Quarterly Revenues of $3.86 Billion with 13% Year-Over-Year Growth | |
| STTState Street Corporation | 9 | +2.2% | Record quarterly revenue of $3.8 billion grew 16% excluding notable items with fee revenue surging 15% and NII breaking out at 17% growth, as State Street achieved its ninth straight quarter of operating leverage |
EPS up 13% YoY despite AUM decline
Ares started fiscal 2026 with record fundraising momentum and management fees growing 22% on 40.8% revenue growth
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| TROW | 8 | 5 | 3 | 6 | 5 | 6 |
| AMP | 8 | 6 | 5 | 6 | 7 | 8 |
| APO | 6 | 6 | 8 | 9 | 8 | 6 |
| ARES | 7 | 7 | 7 | 10 | 10 | 9 |
| BEN | 6 | 5 | 3 | 6 | 6 | 8 |
| BLK | 8 | 7 | 7 | 8 | 8 | 9 |
| BX | 8 | 6 | 8 | 6 | 8 | 8 |
| IVZ | 8 | 7 | 5 | 8 | 7 | 8 |
| KKR | 10 | 6 | 8 | 8 | 8 | 7 |
| NTRS | 9 | 8 | 6 | 6 | 8 | 9 |
| PFG | 9 | 7 | 8 | 7 | 7 | 7 |
| RJF | 7 | 6 | 4 | 5 | 5 | 7 |
| STT | 8 | 7 | 8 | 8 | 6 | 9 |
Long-term net inflows of $16.9B with record gross sales across all regions
Revenue rose 27% year over year to $6.7 billion and as-adjusted earnings per share of $12.53 was 11% higher, as $130 billion of net inflows drove 8% organic base fee growth, BlackRock's seventh consecutive quarter at or above 5%
Northern Trust extended its positive operating leverage streak to seven consecutive quarters, posting record NII of $662 million, up 15% year-over-year, and EPS of $2.71, up 43%
Adjusted EPS growth of 13% above high end of target range
Record Quarterly Revenues of $3.86 Billion with 13% Year-Over-Year Growth
Record quarterly revenue of $3.8 billion grew 16% excluding notable items with fee revenue surging 15% and NII breaking out at 17% growth, as State Street achieved its ninth straight quarter of operating leverage