T. Rowe Price Group, Inc. (TROW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TROW Revenue Growth
Revenue Breakdown (FY 2025)
TROW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
TROW Revenue Analysis (2014–2025)
As of May 8, 2026, T. Rowe Price Group, Inc. (TROW) generated trailing twelve-month (TTM) revenue of $7.41 billion, reflecting solid growth of +5.3% year-over-year. The most recent quarter (Q1 2026) recorded $1.86 billion in revenue, down 4.0% sequentially.
Looking at the longer-term picture, TROW's 5-year compound annual growth rate (CAGR) stands at +3.3%, indicating moderate growth over time. The company achieved its highest annual revenue of $7.67 billion in 2021.
Revenue diversification analysis shows TROW's business is primarily driven by Asset Management (99%), and Capital Allocation Based Income (1%). With over half of revenue concentrated in Asset Management, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including BEN, IVZ, and AMG. Compare TROW vs BEN →
TROW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TROWCurrent | $7.4B | +5.3% | +3.3% | 29.9% | |
 BEN | $8.8B | - | - | 6.9% | |
 IVZ | $6.4B | - | - | -10.9% | |
 AMG | $2.4B | - | - | 31.8% | |
 VRTS | $831M | - | - | 17.4% | |
 BLK | $20.4B | - | - | 37.1% |
TROW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.31B | - | $4.58B | 62.7% | $2.19B | 29.9% |
| 2024 | $7.09B | - | $3.68B | 51.9% | $2.33B | 32.9% |
| 2023 | $6.46B | - | $3.21B | 49.6% | $1.99B | 30.7% |
| 2022 | $6.49B | - | $3.57B | 55.0% | $2.37B | 36.6% |
| 2021 | $7.67B | - | $4.68B | 61.0% | $3.71B | 48.4% |
| 2020 | $6.21B | - | $3.59B | 57.8% | $2.75B | 44.2% |
| 2019 | $5.62B | - | $3.23B | 57.5% | $2.39B | 42.5% |
| 2018 | $5.37B | - | $3.13B | 58.2% | $2.36B | 44.0% |
| 2017 | $4.85B | - | $2.78B | 57.3% | $2.11B | 43.4% |
| 2016 | $4.28B | - | $2.42B | 56.4% | $1.73B | 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's revenue growth accelerating or slowing?
TROW maintains +5.3% revenue growth, in line with its 5-year CAGR of +3.3%. TTM revenue stands at $7.4B. Growth rate remains consistent with historical average.
What is TROW's long-term revenue growth rate?
T. Rowe Price Group, Inc.'s 5-year revenue CAGR of +3.3% reflects the sustained expansion pattern. Current YoY growth of +5.3% is near this long-term average.
How is TROW's revenue distributed by segment?
TROW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.