T. Rowe Price Group, Inc. (TROW) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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TROW EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
TROW Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 62.7% | 29.9% | 28.5% |
| 2024 | 51.9% | 32.9% | 29.6% |
| 2023 | 49.6% | 30.7% | 27.7% |
| 2022 | 55.0% | 36.6% | 24.0% |
| 2021 | 61.0% | 48.4% | 40.2% |
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T. Rowe Price Group, Inc. (TROW) Earnings Overview
As of May 6, 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% |
Full TROW Stock Analysis
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Start ComparisonTROW — Frequently Asked Questions
Quick answers to the most common questions about buying TROW stock.
Is TROW growing earnings?
TROW EPS of $9.38 reflects slowing growth at +1.1%, below the 5-year CAGR of -1.5%. TTM net income is $2.1B. Expansion rate has moderated.
What are TROW's profit margins?
T. Rowe Price Group, Inc. net margin is +28.5%, with operating margin at +29.9%. Above-average margins indicate pricing power.
How consistent are TROW's earnings?
TROW earnings data spans 1989-2025. The current earnings trend is +1.1% YoY. Historical data enables comparison across business cycles.