T. Rowe Price Group, Inc. (TROW)
Financial Services · Asset Management · NasdaqGS
T. Rowe Price Group, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.28B | $4.85B | $5.37B | $5.62B | $6.21B | $7.67B | $6.49B | $6.46B | $7.09B | $7.39B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $1.22B | $1.50B | $1.84B | $2.13B | $2.37B | $3.08B | $1.52B | $1.74B | $2.04B | $2.04B |
| Net margin | 28.4% | 30.9% | 34.2% | 37.9% | 38.2% | 40.2% | 23.5% | 27.0% | 28.8% | 27.6% |
Source: T. Rowe Price Group, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into TROW stock?
At today's market cap of $22.69B, T. Rowe Price Group, Inc. is priced for free-cash-flow growth of about 4.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.48B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -2.8%/yr over the last five fiscal years and revenue 3.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of T. Rowe Price Group, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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T. Rowe Price Group, Inc. financial history by metric
About T. Rowe Price Group, Inc.
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in North America, Europe, Asia, Australia.
T. Rowe Price Group, Inc. — frequently asked questions
What is T. Rowe Price Group, Inc.'s revenue?
T. Rowe Price Group, Inc. (TROW) reported revenue of $7.39B for fiscal year 2025, up 4.1% from the prior year, according to its SEC filings.
Is T. Rowe Price Group, Inc. profitable?
Yes. TROW earned net income of $2.04B in fiscal 2025, a net margin of 27.6%.
What is TROW's P/E ratio?
T. Rowe Price Group, Inc. trades at a price-to-earnings ratio of about 11.4 based on the latest data in our nightly-refreshed cache.
How fast is T. Rowe Price Group, Inc. growing?
TROW's revenue grew at roughly 3.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does T. Rowe Price Group, Inc. have?
As of fiscal year 2025, TROW carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is T. Rowe Price Group, Inc.'s market cap?
T. Rowe Price Group, Inc. (TROW) has a market capitalization of about $22.69B, based on the latest data in our nightly-refreshed cache.
When does T. Rowe Price Group, Inc.'s fiscal year end?
TROW's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into TROW stock?
At today's market cap of $22.69B, T. Rowe Price Group, Inc. is priced for free-cash-flow growth of about 4.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.48B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -2.8%/yr over the last five fiscal years and revenue 3.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from T. Rowe Price Group, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.