company TROW - SteadyBase

steadybase-$ company TROW

account_id none on file

legal_name Price T Rowe Group Inc

ticker TROW

cik 1113169

domain troweprice.com

linkedin_company_url https://www.linkedin.com/company/157329?trk=tyah

entry_point_account_id none on file

name T. Rowe Price Group Inc.

exchange Nasdaq

sector Finance

hq Baltimore, MD, United States

irhttps://www.troweprice.com/institutional/us/en/home.html

sector index/company/sector/finance/

calls 9 filings 50 executives 10 family 0

why_now

Based on normal market conditions and assets at the end of 2025, we anticipate 2026 adjusted operating expenses, excluding carried interest expense, will be up 3 to 6% over 2025's $4.6 billion. This range includes our ongoing expense management program that allows us to continue investing in growth areas of the market.

Feb 4, 2026 / receipt

calls

The other thing I would say is we came into Q1 with some tailwinds from our expense management exercises. So things that we executed either at the late part of Q4 or the early part of Q1 where we saw some decreases in compensation related to that. Those are things like some realignment within our marketing teams, continued execution against our sourcing strategy where we've looked at certain capabilities where we can leverage vendors, and also rationalization of our real estate footprint.

Apr 30, 2026 / receipt, needs a key / Jen, CFO | earnings call 2026-04-30 | transcript fe48861e-9dd5-40f6-bdaf-f5b0b5dd84c6 | chars 33625-34118 | segment 33

Based on normal market conditions and assets at the end of 2025, we anticipate 2026 adjusted operating expenses, excluding carried interest expense, will be up 3 to 6% over 2025's $4.6 billion. This range includes our ongoing expense management program that allows us to continue investing in growth areas of the market.

Feb 4, 2026 / receipt, needs a key / Jen Dardis, CFO | earnings call 2026-02-04 | transcript 547253a1-b9f4-4f84-b138-389ed78fdd0c | chars 13437-13757 | segment 13

So we did say, as part of my prepared remarks, that we have had this broad expense management program that we've been executing. We're a few months into it. Obviously, we've seen some good success already in terms of our ability to execute into the third quarter. We have set the plans in place such that we would be able to have our controllable expenses, which as a reminder make up about two-thirds of our expense base, grow in the low single digits in 2026 and 2027. So there are a series of plans that we're continuing to execute. I'd highlight the ones that we've done thus far this year. Number one, we did the reduction in force in July. Number two, we've been refining our sourcing strategy, particularly in technology. And that's just executing in-house where we're differentiated and looking at using third parties where it makes sense to leverage scale and capabilities to better support our clients. And then third, as you mentioned, our real estate portfolio is That will take some time to execute. The largest piece of which though is the Owings Mills campus change that I mentioned in my prepared remarks.

Oct 31, 2025 / receipt, needs a key / Rob, CEO | earnings call 2025-10-31 | transcript 83e83ae7-5af3-47a9-8b1c-918bb282ac86 | chars 24203-25324 | segment 24

This expense management program will enable us to realign resources to our areas of strength, while also helping to offset ongoing inflationary pressure on salaries and contractual spending.

Aug 1, 2025 / receipt, needs a key / Jen Dardis, CFO | earnings call 2025-08-01 | transcript d0edc511-065d-4dad-b29a-4401b8327656 | chars 10364-10554 | segment 10

And that's really things like slowing the pace of hiring and variable expenses like internal travel.

May 2, 2025 / receipt, needs a key / Jen, CFO | earnings call 2025-05-02 | transcript d46f9520-e9ae-4880-b79f-784376d0e577 | chars 31245-31345 | segment 32

Considering average market conditions, we anticipate 2025 adjusted operating expenses, excluding carried interest expense, will be up 4 to 6% over 2024's $4.46 billion. This includes continued expense management to allow us to invest in our strategic priorities to support growth, and the impact of real estate costs in 2025 as we move into our new headquarters in Baltimore.

Feb 5, 2025 / receipt, needs a key / Jen Dardis, CFO | earnings call 2025-02-05 | transcript e0aa18fc-7551-42d5-a2fa-cd3ab21287cb | chars 9098-9473 | segment 9

This quarter also included an increase in advertising and promotional spend as we continue executing on the investment in our brand to support future growth and higher professional fees and travel and entertainment.

Jul 26, 2024 / receipt, needs a key / Jen Dardis, CFO | earnings call 2024-07-26 | transcript ca226a67-85ad-4d99-b747-524fb03e270b | chars 8113-8328 | segment 8

Our culture thrives on the energy around our teams engaging with corporate management teams, traveling together, and debating risks and opportunities. This is how our investment platform delivers its best for clients.

Feb 8, 2024 / receipt, needs a key / Rob Sharps, CEO | earnings call 2024-02-08 | transcript 7ad80b07-c441-4751-a1b1-5612547a4fda | chars 4249-4466 | segment 4

Our analysts and PMs engage in field research trips large and small. For example, 48 members of our emerging markets team spend one week traveling across China, digging deep on key topics across the technology, industrial, and consumer sectors.

Feb 8, 2024 / receipt, needs a key / Eric Vial, Head of Global Investments | earnings call 2024-02-08 | transcript 7ad80b07-c441-4751-a1b1-5612547a4fda | chars 8899-9143 | segment 9

filings

2027 Investment Fellowship Program | {"ats": "workday", "city": "Baltimore", "state": "MD", "job_id": "/job/Baltimore-MD/XMLNAME-2027-Investment-Fellowship-Program_82751", "remote": false, "category":

company_statement / Sep 16, 2026 / receipt

2027 Technology and Data Internship | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Baltimore-MD/XMLNAME-2027-Technology-and-Data-Internship_82677", "remote": false, "category": "oth

company_statement / Sep 16, 2026 / receipt

Senior Risk Analyst, Privacy & Third-Party Risk | {"ats": "workday", "city": "Baltimore", "state": "MD", "job_id": "/job/Baltimore-MD/Senior-Risk-Analyst--Privacy---Third-Party-Risk_83546-1", "remote"

company_statement / Sep 15, 2026 / receipt

Software Engineer- Multi-Asset Technology | {"ats": "workday", "city": "Baltimore", "state": "MD", "job_id": "/job/Baltimore-MD/Software-Engineer--Multi-Asset-Technology_83573", "remote": false, "cate

company_statement / Sep 15, 2026 / receipt

Sr. Software Engineer- Multi-Asset Technology | {"ats": "workday", "city": "Baltimore", "state": "MD", "job_id": "/job/Baltimore-MD/Sr-Software-Engineer--Multi-Asset-Technology_83575", "remote": false

company_statement / Sep 15, 2026 / receipt

Senior AI Software Engineer - T. Rowe Price Lab (NY or MD) | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Baltimore-MD/Senior-AI-Software-Engineer---T-Rowe-Price-Lab--NY-or-MD-_8350