T. Rowe Price Group, Inc. (TROW) Earnings History
Earnings Pressure37 years of earnings data (1989–2025) · 5-year EPS trend is negative
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T. Rowe Price Group, Inc. (TROW) Earnings Overview
As of June 21, 2026, T. Rowe Price Group, Inc. (TROW) reported trailing twelve-month net income of $2.09B, reflecting +1.1% year-over-year growth. The company earned $9.38 per diluted share over the past four quarters, with a net profit margin of 28.5%.
Looking at the long-term picture, TROW's 5-year EPS compound annual growth rate (CAGR) stands at -1.5%, signaling declining earnings. The company achieved its highest annual net income of $3.08B in fiscal 2021.
T. Rowe Price Group, Inc. maintains industry-leading profitability with a gross margin of 62.7%, operating margin of 29.9%, and net margin of 28.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including BEN ($812M net income, 6.0% margin), IVZ (-$243M net income, -4.4% margin), AMG ($717M net income, 29.3% margin), TROW has outperformed on profitability metrics. Compare TROW vs BEN →
TROW Earnings vs Peers
Earnings metrics vs comparable public companies
TROW Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.09B | -0.6% | $2.19B | $9.25 | 28.5% | 29.9% |
| 2024 | $2.10B | +17.4% | $2.33B | $9.15 | 29.6% | 32.9% |
| 2023 | $1.79B | +14.8% | $1.99B | $7.76 | 27.7% | 30.7% |
| 2022 | $1.56B | -49.5% | $2.37B | $6.70 | 24.0% | 36.6% |
| 2021 | $3.08B | +29.9% | $3.71B | $13.12 | 40.2% | 48.4% |
| 2020 | $2.37B | +11.3% | $2.75B | $9.98 | 38.2% | 44.2% |
| 2019 | $2.13B | +16.0% | $2.39B | $8.70 | 37.9% | 42.5% |
| 2018 | $1.84B | +22.7% | $2.36B | $7.27 | 34.2% | 44.0% |
| 2017 | $1.50B | +23.3% | $2.11B | $5.97 | 30.9% | 43.4% |
| 2016 | $1.22B | -0.7% | $1.73B | $4.75 | 28.4% | 40.5% |
| 2015 | $1.22B | -0.5% | $1.90B | $4.63 | 29.1% | 45.2% |
| 2014 | $1.23B | +17.4% | $1.89B | $4.55 | 30.9% | 47.5% |
| 2013 | $1.05B | +18.6% | $1.64B | $3.90 | 30.1% | 47.0% |
| 2012 | $884M | +14.3% | $1.36B | $3.36 | 29.2% | 45.1% |
| 2011 | $773M | +15.0% | $1.23B | $2.92 | 28.0% | 44.5% |
| 2010 | $672M | +55.0% | $1.04B | $2.53 | 28.4% | 43.8% |
| 2009 | $434M | -11.7% | $702M | $1.65 | 23.2% | 37.6% |
| 2008 | $491M | -26.8% | $849M | $1.82 | 23.2% | 40.1% |
| 2007 | $671M | +26.6% | $996M | $2.40 | 30.1% | 44.7% |
| 2006 | $530M | +22.9% | $787M | $1.90 | 29.2% | 43.4% |
| 2005 | $431M | +27.8% | $655M | $1.58 | 28.5% | 43.3% |
| 2004 | $337M | +48.6% | $525M | $1.25 | 26.4% | 41.1% |
| 2003 | $227M | +17.0% | $365M | $0.88 | 22.7% | 36.5% |
| 2002 | $194M | -1.0% | $321M | $0.76 | 21.0% | 34.7% |
| 2001 | $196M | -27.1% | $311M | $0.76 | 19.7% | 31.3% |
| 2000 | $269M | +12.4% | $409M | $1.04 | 23.3% | 35.4% |
| 1999 | $239M | +37.5% | $415M | $0.93 | 23.1% | 40.0% |
| 1998 | $174M | +20.6% | $313M | $0.67 | 19.7% | 35.3% |
| 1997 | $144M | +46.6% | $925M | $0.56 | 19.1% | 122.5% |
| 1996 | $99M | +30.5% | $747M | $0.40 | 16.8% | 127.5% |
| 1995 | $76M | +23.4% | $557M | $0.31 | 17.2% | 126.7% |
| 1994 | $61M | +25.9% | $483M | $0.25 | 16.0% | 126.3% |
| 1993 | $49M | +35.8% | $441M | $0.20 | 15.7% | 142.4% |
| 1992 | $36M | +17.8% | $356M | $0.15 | 14.6% | 145.3% |
| 1991 | $30M | +45.5% | $288M | $0.13 | 14.8% | 140.2% |
| 1990 | $21M | -29.6% | $244M | $0.09 | 12.3% | 143.6% |
| 1989 | $30M | - | $220M | $0.13 | 18.6% | 138.1% |
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TROW — Frequently Asked Questions
Quick answers to the most common questions about buying TROW stock.
What is TROW earnings per share (EPS)?
TROW trailing twelve-month (TTM) diluted EPS is $9.38, reflecting +1.1% year-over-year growth. The 5-year EPS CAGR is -1.5%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is T. Rowe Price Group, Inc.'s net income?
T. Rowe Price Group, Inc. (TROW) trailing twelve-month net income is $2.1B as of 2025. Earnings grew +1.1% year-over-year. T. Rowe Price Group, Inc. has been profitable for 37 consecutive years.
Is TROW profitable?
Yes, TROW is profitable with a TTM net income of $2.1B and a net profit margin of +28.5%. T. Rowe Price Group, Inc. has generated profits for 37 consecutive years.
What is TROW's earnings growth rate?
TROW compound annual EPS growth rates (CAGR): 1-Year: +1.1%, 3-Year: +11.3%, 5-Year: -1.5%, 10-Year: +7.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are TROW's profit margins?
T. Rowe Price Group, Inc. net profit margin is +28.5%, operating margin is +29.9%, and gross margin is +62.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +17.8%.
Is TROW growing earnings?
TROW earnings growth is slowing. Current YoY EPS growth of +1.1% trails the 5-year CAGR of -1.5%. TTM net income is $2.1B.
What was TROW's best earnings year?
T. Rowe Price Group, Inc.'s highest annual net income on record is $3.1B, achieved in fiscal year 2021. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were TROW's earnings last quarter?
TROW's most recent reported quarter was Q1 2026. Net income was $498M with diluted EPS of $2.23. For a full breakdown of all quarters, see the quarterly earnings table on this page.