TROW · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

PRICE T ROWE GROUP INC · 2026-10-29 · Importance 54 · Surprise 40 · In source text

Operating activities attributable to T. Rowe Price Group provided $2,752.7 million in cash during the first nine months of 2026, up $372.7 million, or about 15.7%, from $2,380.0 million in the comparable 2025 period. The increase included $183.8 million from timing differences in cash settlement of assets and liabilities, $100.7 million from higher net income, and $90.7 million from increased add-backs for non-cash items. These drivers were partly offset by a $2.5 million decrease in proceeds from net redemptions of investments used to hedge deferred compensation liabilities.

Key facts

• Operating activities attributable to the company provided $2,752.7 million of cash in the first nine months of 2026, up $372.7 million from $2,380.0 million in the 2025 period. source
• The increase in operating cash flows included a $183.8 million increase from timing differences in cash settlement of assets and liabilities, a $100.7 million increase in net income, and a $90.7 million increase in add-backs for non-cash items; these were partly offset by a $2.5 million decrease in proceeds from net redemptions of investments hedging deferred compensation liabilities. source
• Net cash used in investing activities attributable to the company was $985.0 million in the first nine months of 2026, compared with $79.3 million in the 2025 period. source
• The company's interim operating cash flows exclude the cash impact of variable incentive compensation accrued throughout the year and substantially paid in December. source

Impact estimates