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T.RowePriceⓇ INVEST WITH CONFIDENCE NEWS RELEASE T. ROWE PRICE GROUP REPORTS THIRD QUARTER 2021 RESULTS BALTIMORE ( October 28 , 2021 ) - T. Rowe Price Group , Inc. ( NASDAQ - GS : TROW ) today reported its results for the third quarter of 2021 . Assets under management end quarter at $ 1.61 trillion Net client outflows of $ 6.4 billion for Q3 2021 Net revenues of $ 2.0 billion for Q3 2021 Diluted earnings per common share of $ 3.31 for Q3 2021 Adjusted non - GAAP diluted earnings per common share of $ 3.27 for Q3 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 9/30/2021 9/30/2020 $ 1,813.4 $ 1,469.3 $ 1,954.1 $ 1,595.8 $ 957.9 $ 866.9 $ 996.2 $ 728.9 $ ( 11.5 ) $ 191.6 $ 777.2 $ 643.2 $ 3.31 $ 2.73 229.1 229.4 $ 957.2 $ 830.5 $ 998.7 $ 768.0 $ ( 3.0 ) $ 25.6 $ 767.6 $ 602.7 $ 3.27 $ 2.55 $ 1,648.7 $ 1,292.9 $ 1,612.3 $ 1,310.4 23.4 % $ 1,787.2 22.5 % $ 1,929.3 10.5 % $ 971.2 36.7 % $ 958.1 n / m $ 143.9 20.8 % $ 815.7 21.2 % $ 3.46 ( .1 ) % 6/30/2021 27.5 % 23.0 % 15.3 % $ 931.8 30.0 % $ 998.6 n / m $ 17.8 27.4 % $ 779.0 28.2 % $ 3.31 229.2 1 $ 1,585.3 $ 1,623.1 % change - % Nine months ended 9/30/2020 % change 1.5 % $ 5,288.4 $ 4,090.9 1.3 % $ 5,710.2 $ 4,473.8 ( 1.4 ) % $ 2,862.7 $ 2,484.0 4.0 % $ 2,847.5 $ 1,989.8 n / m $ 234.5 $ 106.4 ( 4.7 ) % $ 2,342.3 $ 1,589.3 ( 4.3 ) % $ 9.94 $ 6.66 2.7 % - % 9/30/2021 229.4 231.9 $ 2,798.2 $ 2,434.2 $ 2,916.2 $ 2,046.9 n / m $ 28.5 $ 50.2 ( 1.5 ) % $ 2,258.6 $ 1,596.6 ( 1.2 ) % $ 9.59 $ 6.69 4.0 % $ 1,581.3 $ 1,198.9 ( .7 ) % $ 1,612.3 $ 1,310.4 29.3 % 27.6 % 15.2 % 43.1 % n / m 47.4 % 49.2 % ( 1.1 ) % 15.0 % 42.5 % n / m 41.5 % 43.3 % 31.9 % 23.0 % ( 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 .