T. Rowe Price Group, Inc.

T. Rowe Price Group, Inc.

TROW
T. Rowe Price Group, Inc.US flagNASDAQ Global Select
109.78
USD
-1.10
- -
23.52BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13.49
15.34
16.5
17.45
20.13
22.18
23.87
27.13
33.86
28.71
28.83
31.84
33.25
34.94
Basic EPS, GAAP
4.06
4.74
4.8
4.95
6.21
7.59
9.05
10.37
13.61
6.89
7.98
9.43
9.49
10.22
Free Cash Flow per Basic Share
4.36
4.69
5.42
0.09
0.18
5.99
5.6
7.45
14.18
9.39
4.07
5.67
6.72
7.7
Dividend per Share
1.54
1.78
4.16
2.2
2.33
2.87
3.12
3.7
7.51
4.9
5.01
5.1
5.2
5.24
Book Value per Share
18.38
20.66
19.01
20.46
23.76
25.72
30.19
33.81
39.37
39.41
42.45
46.4
49.69
51.58
Tangible Book Value per Share
15.84
18.11
16.35
17.74
21.05
22.93
27.36
30.89
23.63
24.82
28.38
32.9
36.34
38.04
Basic Weighted Avg Shares
258
260
255
246
241
242
235
229
227
226
224
223
220
217
Sales/Revenue/Turnover
3,484
3,982
4,201
4,285
4,855
5,373
5,618
6,207
7,672
6,488
6,460
7,094
7,315
7,592
Operating Margin (%)
47
47.48
45.21
42
42.41
43.67
42.49
44.24
48.36
38.47
31.55
34.91
33.87
34.45
Depreciation Expense
91
112
126
133
144
160
191
190
205
646
482
504
606
562
Net Income, GAAP
1,048
1,230
1,223
1,215
1,498
1,838
2,131
2,373
3,083
1,558
1,789
2,100
2,087
2,222
Effective Tax Rate (%)
38.39
38.62
38.92
36.04
36.88
25.83
23.17
22.17
22.43
25.59
26.29
24.25
23.2
23.38
Profit Margin (%)
30.07
30.88
29.11
28.36
30.85
34.2
37.94
38.23
40.18
24.01
27.69
29.61
28.53
29.26
Working Capital
1,654
1,782
1,426
1,440
2,184
1,692
2,182
2,742
2,072
2,052
2,385
3,087
3,902
3,742
LT Debt
- -
- -
- -
- -
- -
- -
146
154
249
330
308
279
447
429
Total Equity
4,818
5,395
4,762
5,696
6,817
6,865
8,223
9,269
10,254
9,687
10,291
11,450
12,053
12,173
Return on Invested Capital (%)
23.13
22.59
22.74
21.89
20.59
25.21
23.94
23.86
28.65
17.99
14.5
16.69
15.61
16.07
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
24.18
24.08
24.08
24.87
27.65
30.76
32.23
32.04
36.86
17.44
19.5
21.16
19.68
20.61

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
447
438
429
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
219
215
213
Market Capitalization
22,377
19,369
24,251

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,309
4,640
4,176
Cash, Cash Equivalents & STI
3,378
3,730
3,234
Accounts Receivable, Net
931
910
942
Inventories
- -
- -
- -
Total Current Liabilities
408
502
434
Payables & Accruals
408
502
434
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.04%
5.57%
5.27%
Free Cash Flow
331.47%
10.64%
17.19%
Net Income, GAAP
8.47%
2.41%
-0.62%
Sales/Revenue/Turnover
6.17%
4.13%
3.12%
Total Cash Common Dividend
6.89%
13.89%
0.65%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,750
1,733
1,786
1,824
7,094
2025
1,764
1,723
1,894
1,934
7,315
2026
1,857
1,907
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.57
2.17
2.71
1.98
9.43
2025
2.21
2.29
2.94
2.04
9.49
2026
2.29
2.95
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.28
1.27
1.27
1.28
5.1
2025
1.3
1.3
1.29
1.3
5.2
2026
1.33
1.32
- -
- -
- -

Company Description

CEO
Robert W. Sharps
Full Time Employees
7,544
Sector
Financial Services
Industry
Asset Management
Address
1307 Point Street Baltimore MD United States of America 21231
IPO Date
Apr 2, 1986
Business
T. Rowe Price Group, Inc. operates as a prominent global investment management firm. This publicly traded entity delivers a comprehensive array of services to a diverse client base, including individual investors, various institutional entities, retirement programs, and financial intermediaries. The organization creates and oversees a broad spectrum of investment vehicles, encompassing equity, fixed income, multi-asset, and alternative mutual funds, alongside actively managed exchange-traded funds. Its investment activities span public equity and fixed income markets across the globe. The firm employs a rigorous investment philosophy, combining fundamental and quantitative analysis with a bottom-up research approach, drawing on both internal expertise and external insights. T. Rowe Price maintains a strong commitment to responsible investing, emphasizing environmental, social, and governance (ESG) considerations within its strategies. It also engages in alternative investments, including private credit through its Oak Hill Advisors platform. Revenue is primarily generated through advisory fees, calculated as a percentage of assets under management, in addition to administrative and distribution charges. As of October 31, 2025, the firm reported $1.79 trillion in assets under management. Recent strategic initiatives include enhancing its technology and operations, establishing a global strategy function, and expanding its active fixed income ETF lineup. Founded in 1937 by Thomas Rowe Price Jr. and headquartered in Baltimore, Maryland, the firm sustains a significant international presence with offices in major financial centers. These locations include Colorado Springs, Owings Mills, San Francisco, New York, Philadelphia, Tampa, Toronto, Copenhagen, Amsterdam, Luxembourg, Zurich, Dubai, London, Sydney, Hong Kong, Tokyo, Singapore, Frankfurt, Madrid, Milan, Stockholm, and Melbourne.

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