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T.RowePriceⓇ INVEST WITH CONFIDENCE NEWS RELEASE T. ROWE PRICE GROUP REPORTS SECOND QUARTER 2021 RESULTS BALTIMORE ( July 29 , 2021 ) - T. Rowe Price Group , Inc. ( NASDAQ - GS : TROW ) today reported its results for the second quarter of 2021 . Assets under management end quarter at $ 1.62 trillion Net client outflows of $ 0.6 billion for Q2 2021 Net revenues of $ 1.9 billion for Q2 2021 Diluted earnings per common share of $ 3.46 for Q2 2021 Adjusted non - GAAP diluted earnings per common share of $ 3.31 for Q2 2021 Long - term investment performance remains strong ■ ■ ■ ■ Financial Highlights ( in millions , except per - share data ) U.S. GAAP basis Investment advisory fees Net revenues Operating expenses Net operating income Non - operating income ( loss ) ( 1 ) Net income attributable to T. Rowe Price Diluted earnings per common share Weighted average common shares outstanding assuming dilution Adjusted non - GAAP basis ( 2 ) Operating expenses Net operating income Non - operating income ( loss ) ( ¹ ) Net income attributable to T. Rowe Price Diluted earnings per common share Assets under Management ( in billions ) Average assets under management Ending assets under management Three months ended % change 3/31/2021 6/30/2021 6/30/2020 $ 1,787.2 $ 1,293.8 $ 1,929.3 $ 1,415.4 $ 971.2 $ 861.7 $ 958.1 $ 553.7 $ 143.9 $ 415.1 $ 815.7 $ 603.0 $ 3.46 $ 2.55 229.2 229.5 $ 931.8 $ 785.8 $ 998.6 $ 631.7 $ 17.8 $ 85.8 $ 779.0 $ 539.6 $ 3.31 $ 2.29 38.1 % $ 1,687.8 36.3 % $ 1,826.8 12.7 % $ 933.6 73.0 % $ 893.2 n / m $ 102.1 35.3 % $ 749.4 35.7 % $ 3.17 ( .1 ) % 230.0 18.6 % $ 909.2 58.1 % $ 918.9 n / m $ 13.7 44.4 % $ 712.0 44.5 % $ 3.01 39.0 % $ 1,508.8 33.0 % $ 1,518.0 1 % change 5.9 % 5.6 % 4.0 % 7.3 % n / m 8.8 % 9.1 % ( .3 ) % Six months ended 6/30/2021 6/30/2020 % change $ 3,475.0 $ 2,621.6 $ 3,756.1 $ 2,878.0 $ 1,904.8 $ 1,617.1 $ 1,851.3 $ 1,260.9 $ 246.0 $ ( 85.2 ) $ 1,565.1 $ 946.1 $ 6.63 $ 3.95 5.1 % 6.9 % 229.6 233.1 $ 1,917.5 $ 1,278.9 2.5 % $ 1,841.0 $ 1,603.7 8.7 % n / m 9.4 % 10.0 % $ 31.5 $ 24.6 $ 1,491.0 $ 993.9 $ 6.32 $ 4.15 $ 1,585.3 $ 1,140.2 $ 1,623.1 $ 1,220.0 ( 2 ) ( 1 ) The percentage change in non - operating income is not meaningful ( n / m ) . Adjusts the GAAP basis for the impact of consolidated T. Rowe Price investment products , the impact of market movements on the supplemental savings plan liability and related economic hedges , investment income related to certain other investments , and certain nonrecurring charges and gains , if any . The firm believes the non - GAAP financial measures provide relevant and meaningful information to investors about its core operating results . See the reconciliation to the comparable U.S. GAAP measures at the end of this earnings release . 32.6 % 30.5 % 17.8 % 46.8 % n / m 65.4 % 67.8 % ( 1.5 ) % $ 1,547.1 $ 1,151.4 $ 1,623.1 $ 1,220.0 14.8 % 49.9 % n / m 50.0 % 52.3 % 34.4 % 33.0 %