8-K Announcements
6Apr 30, 2026·SEC
Apr 22, 2026·SEC
Feb 4, 2026·SEC
T. Rowe Price Group, Inc. (TROW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
T. Rowe Price Group, Inc. (TROW) stock price & volume — 10-year historical chart
T. Rowe Price Group, Inc. (TROW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
T. Rowe Price Group, Inc. (TROW) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $2.52vs $2.37+6.3% | $1.9Bvs $1.9B+0.1% |
| Q1 2026 | Feb 4, 2026 | $2.44vs $2.46-0.8% | $1.9Bvs $1.9B+0.3% |
| Q4 2025 | Oct 31, 2025 | $2.81vs $2.54+10.6% | $1.9Bvs $1.9B+0.6% |
| Q3 2025 | Aug 1, 2025 | $2.24vs $2.15+4.2% | $1.7Bvs $1.7B-0.3% |
T. Rowe Price Group, Inc. (TROW) competitors in Traditional active asset managers — business model, growth, and fundamentals comparison
T. Rowe Price Group, Inc. (TROW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
T. Rowe Price Group, Inc. (TROW) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | 0 | 0 | 133.9M | 15.4M | 45.9M | 59.4M | 497.4M | 626.6M |
| NII Growth % | - | - | - | - | - | -88.5% | 198.05% | 29.41% | 737.37% | 4342.41% |
| Net Interest Margin % | 0% | 0% | 0% | 0% | 1.07% | 0.13% | 0.37% | 0.44% | 3.41% | 4.35% |
| Interest Income | 0 | 0 | 0 | 0 | 133.9M | 15.4M | 45.9M | 59.4M | 497.4M | 626.6M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Loan Loss Provision | 2.07B | 2.25B | 2.38B | 2.62B | 2.99B | 2.92B | 3.25B | 3.41B | 2.73B | 2.29B |
| Non-Interest Income | 4.85B | 5.37B | 5.62B | 6.21B | 7.54B | 6.47B | 6.41B | 7.03B | 6.82B | 6.78B |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 98.25% | 99.76% | 99.29% | 99.16% | 93.2% | 91.54% |
| Total Revenue | 4.85B▲ 0% | 5.37B▲ 10.7% | 5.62B▲ 4.6% | 6.21B▲ 10.5% | 7.67B▲ 23.6% | 6.49B▼ 15.4% | 6.46B▼ 0.4% | 7.09B▲ 9.8% | 7.31B▲ 3.1% | 7.41B▲ 0% |
| Revenue Growth % | 13.31% | 10.66% | 4.57% | 10.48% | 23.61% | -15.43% | -0.43% | 9.8% | 3.12% | 16.75% |
| Non-Interest Expense | 672.6M | 764.3M | 846M | 844.6M | 968.7M | 1.19B | 1.22B | 1.35B | 2.4B | 2.88B |
| Efficiency Ratio | 13.85% | 14.23% | 15.06% | 13.61% | 12.63% | 18.38% | 18.88% | 19.04% | 32.75% | 38.87% |
| Operating Income | 2.11B▲ 0% | 2.36B▲ 12.0% | 2.39B▲ 1.1% | 2.75B▲ 15.0% | 3.71B▲ 35.1% | 2.37B▼ 36.0% | 1.99B▼ 16.3% | 2.33B▲ 17.5% | 2.19B▼ 6.2% | 2.24B▲ 0% |
| Operating Margin % | 43.44% | 43.95% | 42.49% | 44.24% | 48.36% | 36.58% | 30.74% | 32.89% | 29.92% | 30.18% |
| Operating Income Growth % | 21.66% | 11.98% | 1.08% | 15.03% | 35.12% | -36.02% | -16.32% | 17.48% | -6.19% | - |
| Pretax Income | 2.51B▲ 0% | 2.38B▼ 4.8% | 2.93B▲ 22.8% | 3.24B▲ 10.8% | 3.99B▲ 23.2% | 1.95B▼ 51.2% | 2.49B▲ 27.8% | 2.82B▲ 13.2% | 2.88B▲ 2.0% | 2.84B▲ 0% |
| Pretax Margin % | 51.6% | 44.38% | 52.11% | 52.24% | 52.07% | 30.03% | 38.55% | 39.75% | 39.31% | 38.35% |
| Income Tax | 923.9M | 615.9M | 678.4M | 718.9M | 896.1M | 498.6M | 654.6M | 683.8M | 667.2M | 653.4M |
| Effective Tax Rate % | 36.88% | 25.83% | 23.17% | 22.17% | 22.43% | 25.59% | 26.29% | 24.25% | 23.2% | 23% |
| Net Income | 1.5B▲ 0% | 1.84B▲ 22.7% | 2.13B▲ 16.0% | 2.37B▲ 11.3% | 3.08B▲ 29.9% | 1.56B▼ 49.5% | 1.79B▲ 14.8% | 2.1B▲ 17.4% | 2.09B▼ 0.6% | 2.09B▲ 0% |
| Net Margin % | 30.85% | 34.2% | 37.94% | 38.23% | 40.18% | 24.01% | 27.69% | 29.61% | 28.53% | 28.28% |
| Net Income Growth % | 23.28% | 22.68% | 15.99% | 11.33% | 29.93% | -49.47% | 14.81% | 17.41% | -0.62% | 3.87% |
| Net Income (Continuing) | 1.58B | 1.77B | 2.25B | 2.52B | 3.1B | 1.45B | 1.84B | 2.14B | 2.21B | 2.19B |
| EPS (Diluted) | 5.97▲ 0% | 7.27▲ 21.8% | 8.70▲ 19.7% | 9.98▲ 14.7% | 13.12▲ 31.5% | 6.70▼ 48.9% | 7.76▲ 15.8% | 9.15▲ 17.9% | 9.25▲ 1.1% | 9.38▲ 0% |
| EPS Growth % | 25.68% | 21.78% | 19.67% | 14.71% | 31.46% | -48.93% | 15.82% | 17.91% | 1.09% | 5.78% |
| EPS (Basic) | 6.07 | 7.41 | 8.82 | 10.08 | 13.25 | 6.73 | 7.78 | 9.18 | 9.26 | - |
| Diluted Shares Outstanding | 245.1M | 246.9M | 238.6M | 231.2M | 228.8M | 227.1M | 224.8M | 223.3M | 223.77M | 223.41M |
T. Rowe Price Group, Inc. (TROW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 1.9B | 1.43B | 1.78B | 2.15B | 1.52B | 1.76B | 2.07B | 2.65B | 3.38B | 13.8B |
| Cash & Due from Banks | 1.9B | 1.43B | 1.78B | 2.15B | 1.52B | 1.76B | 2.07B | 2.65B | 3.38B | 3.73B |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 3.53B | 4.13B | 5.22B | 5.95B | 4.94B | 3.38B | 3.71B | 4.05B | 5.28B | 5.12B |
| Investments Growth % | 23.16% | 17.25% | 26.2% | 13.99% | -16.95% | -31.52% | 9.62% | 9.29% | 30.22% | 74.86% |
| Long-Term Investments | 3.53B | 4.13B | 5.22B | 5.95B | 4.94B | 3.38B | 3.71B | 4.05B | 5.28B | 18.83B |
| Accounts Receivables | 565.3M | 549.6M | 646.6M | 863.1M | 1.06B | 748.7M | 807.9M | 877.4M | 714.4M | 0 |
| Goodwill & Intangibles | 665.7M | 665.7M | 665.7M | 665.7M | 3.61B | 3.27B | 3.15B | 3.01B | 2.92B | 2.9B |
| Goodwill | 665.7M | 665.7M | 665.7M | 665.7M | 2.69B | 2.64B | 2.64B | 2.64B | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 913.4M | 629.8M | 507.3M | 368.1M | 2.92B | 2.9B |
| PP&E (Net) | 652M | 661.3M | 785.2M | 813M | 937.4M | 1.04B | 1.05B | 1.2B | 1.23B | 1.2B |
| Other Assets | 180.8M | 253.7M | 202.6M | 194.2M | 433.4M | 1.38B | 1.5B | 1.68B | 639.7M | 1.44B |
| Total Current Assets | 2.47B | 1.97B | 2.43B | 3.01B | 2.58B | 2.5B | 2.87B | 3.53B | 4.09B | 3.73B |
| Total Non-Current Assets | 5.02B | 5.71B | 6.87B | 7.62B | 9.92B | 9.07B | 9.4B | 9.94B | 10.51B | 10.66B |
| Total Assets | 7.54B▲ 0% | 7.69B▲ 2.0% | 9.33B▲ 21.3% | 10.66B▲ 14.2% | 12.51B▲ 17.4% | 11.64B▼ 6.9% | 12.28B▲ 5.5% | 13.47B▲ 9.7% | 14.61B▲ 8.4% | 14.39B▲ 0% |
| Asset Growth % | 21.05% | 2.04% | 21.34% | 14.24% | 17.36% | -6.92% | 5.46% | 9.72% | 8.42% | 28.32% |
| Return on Assets (ROA) | 21.77% | 24.14% | 25.05% | 23.74% | 26.61% | 12.9% | 14.95% | 16.31% | 14.87% | 14.43% |
| Accounts Payable | 216.2M | 228.5M | 214.5M | 100.2M | 431M | 406.7M | 422.9M | 353.5M | 0 | 0 |
| Total Debt | 303.9M | 0 | 146.3M | 154.1M | 249.2M | 329.6M | 308.5M | 278.7M | 860.2M | 459.6M |
| Net Debt | -1.9B | -1.43B | -1.64B | -2B | -1.27B | -1.43B | -1.76B | -2.37B | -2.52B | -3.73B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 413M | 21.5M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56M | 438.1M |
| Other Liabilities | 433.7M | 542M | 714.7M | 963.5M | 1.5B | 1.17B | 1.19B | 1.3B | 1.43B | 2.06B |
| Total Current Liabilities | 284.5M | 282.7M | 246.3M | 272.7M | 508.9M | 452.7M | 489.1M | 440.6M | 56M | 570.5M |
| Total Non-Current Liabilities | 433.7M | 542M | 861M | 1.12B | 1.75B | 1.5B | 1.5B | 1.58B | 2.5B | 2.52B |
| Total Liabilities | 718.2M | 824.7M | 1.11B | 1.39B | 2.26B | 1.96B | 1.99B | 2.02B | 2.55B | 2.52B |
| Total Equity | 6.82B▲ 0% | 6.86B▲ 0.7% | 8.22B▲ 19.8% | 9.27B▲ 12.7% | 10.25B▲ 10.6% | 9.69B▼ 5.5% | 10.29B▲ 6.2% | 11.45B▲ 11.3% | 12.05B▲ 5.3% | 11.88B▲ 0% |
| Equity Growth % | 19.69% | 0.7% | 19.79% | 12.72% | 10.63% | -5.53% | 6.24% | 11.26% | 5.27% | 24.1% |
| Equity / Assets (Capital Ratio) | 90.47% | 89.27% | 88.13% | 86.96% | 81.97% | 83.2% | 83.81% | 84.99% | 82.52% | 82.51% |
| Return on Equity (ROE) | 23.94% | 26.86% | 28.25% | 27.13% | 31.58% | 15.63% | 17.91% | 19.32% | 17.76% | 17.56% |
| Book Value per Share | 27.81 | 27.80 | 34.46 | 40.09 | 44.82 | 42.65 | 45.78 | 51.28 | 53.86 | 53.16 |
| Tangible BV per Share | 25.10 | 25.11 | 31.67 | 37.21 | 29.05 | 28.24 | 31.77 | 37.79 | 40.83 | 40.16 |
| Common Stock | 49M | 47.6M | 47M | 45.6M | 45.8M | 44.9M | 44.8M | 44.6M | 43.8M | 43.1M |
| Additional Paid-in Capital | 846.1M | 654.6M | 654.6M | 654.6M | 919.8M | 437.9M | 431.7M | 311.9M | 0 | 0 |
| Retained Earnings | 4.93B | 5.46B | 6.44B | 7.03B | 8.08B | 8.41B | 9.08B | 10.04B | 10.87B | 10.79B |
| Accumulated OCI | -3.6M | -42M | -43M | -23M | -26.5M | -53M | -47.5M | -51.7M | -50.5M | -51.6M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
T. Rowe Price Group, Inc. (TROW) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 229.5M | 1.62B | 1.52B | 1.92B | 3.45B | 2.36B | 1.22B | 1.69B | 1.75B | 1.75B |
| Operating CF Growth % | 34.6% | 605.84% | -6% | 26.02% | 79.89% | -31.65% | -48.33% | 38.27% | 4.02% | 132.04% |
| Net Income | 1.58B | 1.77B | 2.25B | 2.52B | 3.1B | 1.45B | 1.84B | 2.14B | 2.21B | 2.09B |
| Depreciation & Amortization | 143.6M | 159.5M | 190.8M | 189.6M | 204.8M | 645.8M | 481.6M | 504.2M | 605.5M | 761M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -1.87B | -617M | -1.23B | -1.13B | -193.3M | 118.5M | -1.56B | -1.21B | -1.45B | -1.14B |
| Working Capital Changes | 220.6M | 111.6M | 109.6M | 91.1M | 67.4M | -139.9M | 193.6M | 5.5M | 169.8M | 384M |
| Cash from Investing | 39M | -875.5M | -324.5M | -36.3M | -1.1B | -41.5M | 128.2M | -177.5M | 230.3M | 289.4M |
| Purchase of Investments | -104.1M | -1.15B | -258.1M | -326.3M | -64.9M | -63.8M | -142.1M | -115.9M | -176M | -479.6M |
| Sale/Maturity of Investments | 336.6M | 352.4M | 131.4M | 454.1M | 1.63B | 263.6M | 616.6M | 533.4M | 769.1M | 1.01B |
| Net Investment Activity | 232.5M | -795.4M | -126.7M | 127.8M | 1.56B | 199.8M | 474.5M | 417.5M | 593.1M | 529.6M |
| Acquisitions | 0 | 0 | 0 | 0 | -2.45B | 0 | 0 | 0 | 0 | -34.7M |
| Other Investing | -7.4M | 88.4M | 6.8M | 50.5M | 30.9M | -3.7M | -38.4M | -171.6M | -88.6M | -13.3M |
| Cash from Financing | 461.5M | -1.24B | -832.7M | -1.49B | -2.99B | -2.08B | -1.08B | -936.6M | -1.28B | -1.69B |
| Dividends Paid | -563.1M | -694.3M | -733.9M | -845.8M | -1.7B | -1.11B | -1.12B | -1.14B | -1.14B | -1.14B |
| Share Repurchases | -458.1M | -1.09B | -705.8M | -1.2B | -1.14B | -849.8M | -272.4M | -370.5M | -620.9M | -769.4M |
| Stock Issued | 201.1M | 74.8M | 83.3M | 3.9M | 0 | 0 | 0 | 0 | -22.3M | 15.1M |
| Net Stock Activity | -257M | -1.02B | -622.5M | -1.2B | -1.14B | -849.8M | -272.4M | -370.5M | -643.2M | -754.3M |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 1.28B | 470.4M | 523.7M | 557.5M | -148.4M | -119.7M | 315.5M | 569.5M | 508.8M | 205.3M |
| Net Change in Cash | 735.3M▲ 0% | -510.5M▼ 169.4% | 363M▲ 171.1% | 398.2M▲ 9.7% | -632.3M▼ 258.8% | 250.5M▲ 139.6% | 269.1M▲ 7.4% | 569.1M▲ 111.5% | 704.4M▲ 23.8% | 931.4M▲ 0% |
| Exchange Rate Effect | 5.3M | -15.4M | -2.5M | 1.9M | 2.6M | 9.5M | 400K | -2.4M | -1.9M | 16.9M |
| Cash at Beginning | 1.27B | 2.01B | 1.5B | 1.86B | 2.26B | 1.62B | 1.87B | 2.14B | 2.71B | 3.42B |
| Cash at End | 2.01B | 1.5B | 1.86B | 2.26B | 1.62B | 1.87B | 2.14B | 2.71B | 3.42B | 3.8B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 43.4M▲ 0% | 1.45B▲ 3244.2% | 1.32B▼ 9.2% | 1.7B▲ 29.3% | 3.21B▲ 88.5% | 2.12B▼ 34.0% | 911.2M▼ 57.1% | 1.26B▲ 38.5% | 1.48B▲ 17.2% | 2.34B▲ 0% |
| FCF Growth % | 95.5% | 3244.24% | -9.18% | 29.3% | 88.52% | -33.96% | -57.06% | 38.52% | 17.19% | 67.53% |
T. Rowe Price Group, Inc. (TROW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 23.94% | 26.86% | 28.25% | 27.13% | 31.58% | 15.63% | 17.91% | 19.32% | 17.76% | 17.56% |
| Return on Assets (ROA) | 21.77% | 24.14% | 25.05% | 23.74% | 26.61% | 12.9% | 14.95% | 16.31% | 14.87% | 14.43% |
| Net Interest Margin | 0% | 0% | 0% | 0% | 1.07% | 0.13% | 0.37% | 0.44% | 3.41% | 4.35% |
| Efficiency Ratio | 13.85% | 14.23% | 15.06% | 13.61% | 12.63% | 18.38% | 18.88% | 19.04% | 32.75% | 38.87% |
| Equity / Assets | 90.47% | 89.27% | 88.13% | 86.96% | 81.97% | 83.2% | 83.81% | 84.99% | 82.52% | 82.51% |
| Book Value / Share | 27.81 | 27.8 | 34.46 | 40.09 | 44.82 | 42.65 | 45.78 | 51.28 | 53.86 | 53.16 |
| NII Growth | - | - | - | - | - | -88.5% | 198.05% | 29.41% | 737.37% | 976.63% |
| Dividend Payout | 37.6% | 37.79% | 34.43% | 35.65% | 55.2% | 71.08% | 62.71% | 54.07% | 54.77% | 40.74% |
T. Rowe Price Group, Inc. (TROW) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Apr 22, 2026·SEC
Feb 4, 2026·SEC
T. Rowe Price Group, Inc. (TROW) stock FAQ — growth, dividends, profitability & financials explained
T. Rowe Price Group, Inc. (TROW) grew revenue by 3.1% over the past year. Growth has been modest.
Yes, T. Rowe Price Group, Inc. (TROW) is profitable, generating $2.09B in net income for fiscal year 2025 (28.5% net margin).
Yes, T. Rowe Price Group, Inc. (TROW) pays a dividend with a yield of 4.91%. This makes it attractive for income-focused investors.
T. Rowe Price Group, Inc. (TROW) has a return on equity (ROE) of 17.8%. This is reasonable for most industries.
T. Rowe Price Group, Inc. (TROW) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.
T. Rowe Price Group, Inc. (TROW) has an efficiency ratio of 32.7%. This is excellent, indicating strong cost control.
T. Rowe Price Group, Inc. (TROW) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates