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T. Rowe Price Group, Inc.

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Key Metrics

Previous Close: $112.23
52-Week Range: $85.22 – $122.00
Market Cap: $23.93B
P/E (TTM): 11.28
EPS (TTM): 9.95
Dividend Yield: 4.63%

Advanced Metrics

Price/Book: 2.18
PEG Ratio: 3.00
Return on Equity: 19.40%
Return on Assets: 10.66%
Gross Margin: 51.61%
Operating Margin: 28.69%
Profit Margin: 29.26%
Current Ratio: 4.04
Debt/Equity: 0.04
Total Debt: $450.60M
Free Cash Flow: $2.02B
Revenue Growth: 10.70%
Earnings Growth: 28.60%
Enterprise Value: $22.32B

TROW Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$6.49B	$6.46B	$7.09B	$7.31B
Cost of Revenue	$2.92B	$3.25B	$3.41B	$3.56B
Gross Profit	$3.57B	$3.21B	$3.68B	$3.75B
Selling, General & Admin	$1.07B	$1.17B	$1.21B	$1.27B
Operating Expenses	$1.07B	$1.17B	$1.21B	$1.27B
Operating Income	$2.50B	$2.04B	$2.48B	$2.48B
EBITDA	$3.14B	$2.52B	$2.98B	$3.08B
Pretax Income	$1.95B	$2.49B	$2.82B	$2.88B
Income Tax	$498.60M	$654.60M	$683.80M	$667.20M
Net Income	$1.56B	$1.79B	$2.10B	$2.09B
Diluted EPS	6.70	7.76	9.15	9.24
Diluted Shares	227.10M	224.80M	223.30M	220.30M

TROW Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.76B	$2.07B	$2.65B	$3.38B
Receivables	$748.70M	$807.90M	$877.40M	$931.20M
Current Assets	$2.50B	$2.87B	$3.53B	$4.31B
Total Assets	$11.64B	$12.28B	$13.47B	$14.34B
Current Liabilities	$452.70M	$489.10M	$440.60M	$407.60M
Total Debt	$329.60M	$308.50M	$278.70M	$447.20M
Total Liabilities	$1.96B	$1.99B	$2.02B	$2.29B
Retained Earnings	$8.41B	$9.08B	$10.04B	$10.87B
Shareholders' Equity	$8.84B	$9.51B	$10.35B	$10.86B
Working Capital	$2.05B	$2.39B	$3.09B	$3.90B

TROW Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$2.36B	$1.22B	$1.69B	$1.75B
Capital Expenditure	-$237.60M	-$307.90M	-$423.40M	-$274.20M
Free Cash Flow	$2.12B	$911.20M	$1.26B	$1.48B
Depreciation & Amortisation	$645.80M	$481.60M	$504.20M	$605.50M
Stock-Based Compensation	$285.40M	$265.60M	$247.30M	$216.90M
Investing Cash Flow	-$41.50M	$128.20M	-$177.50M	$230.30M
Financing Cash Flow	-$2.08B	-$1.08B	-$936.60M	-$1.28B
Dividends Paid	-$1.11B	-$1.12B	-$1.14B	-$1.14B
Share Repurchases	-$849.80M	-$254.40M	-$337.20M	-$620.90M
Net Change in Cash	$241.00M	$268.70M	$571.50M	$706.30M

TROW Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$1.72B	$1.89B	$1.93B	$1.86B	$1.91B
Cost of Revenue	$895.00M	$888.80M	$938.80M	$833.30M	$1.01B
Gross Profit	$828.30M	$1.00B	$995.30M	$1.02B	$894.80M
Selling, General & Admin	$123.80M	$306.20M	$350.90M	$315.20M	$125.20M
Operating Expenses	$318.80M	$306.20M	$350.90M	$315.20M	$331.10M
Operating Income	$509.50M	$698.50M	$644.40M	$708.50M	$563.70M
EBITDA	$695.20M	$698.50M	$1.05B	$777.30M	$700.60M
Pretax Income	$713.80M	$881.60M	$613.10M	$632.20M	$909.60M
Income Tax	$157.70M	$195.10M	$152.50M	$148.10M	$214.20M
Net Income	$505.20M	$646.10M	$445.30M	$498.20M	$632.00M
Diluted EPS	2.24	2.87	1.99	2.23	2.88
Diluted Shares	220.40M	219.70M	218.40M	217.60M	214.20M

TROW Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$3.06B	$3.63B	$3.38B	$3.73B	$3.23B
Receivables	$861.80M	$899.40M	$931.20M	$909.90M	$941.60M
Current Assets	$3.92B	$4.53B	$4.31B	$4.64B	$4.18B
Total Assets	$14.34B	$14.73B	$14.34B	$14.39B	$15.36B
Current Liabilities	$357.90M	$396.20M	$407.60M	$501.90M	$433.60M
Total Debt	$475.20M	$455.10M	$447.20M	$438.10M	$429.40M
Total Liabilities	$2.53B	$2.76B	$2.29B	$2.52B	$3.18B
Retained Earnings	$10.46B	$10.82B	$10.87B	$10.79B	$11.02B
Shareholders' Equity	$10.56B	$10.81B	$10.86B	$10.78B	$11.00B
Working Capital	$3.56B	$4.14B	$3.90B	$4.14B	$3.74B

TROW Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$529.90M	$609.30M	-$18.70M	$824.30M	$517.30M
Capital Expenditure	-$62.20M	-$63.30M	-$66.70M	-$62.00M	-$66.40M
Free Cash Flow	$467.70M	$546.00M	-$85.40M	$762.30M	$450.90M
Depreciation & Amortisation	$185.70M	-$45.60M	$401.80M	$68.80M	$136.90M
Stock-Based Compensation	$46.60M	$37.30M	$82.70M	$49.10M	$40.70M
Investing Cash Flow	-$9.00M	$37.90M	$249.20M	$59.60M	-$777.00M
Financing Cash Flow	-$275.90M	-$98.30M	-$491.80M	-$502.00M	-$228.60M
Dividends Paid	-$285.60M	-$283.40M	-$284.50M	-$289.10M	-$282.10M
Share Repurchases	-$113.10M	-$153.50M	-$139.10M	-$333.50M	-$167.30M
Net Change in Cash	$245.00M	$548.90M	-$261.30M	$381.90M	-$488.30M

Market Snapshot

About

T. Rowe Price Group is a global investment management firm offering a broad range of mutual funds, subadvisory services, and separate account management for individual and institutional investors. The company manages assets across equity, fixed income, multi-asset, and alternative investment strategies. T. Rowe Price is known for its active management approach and serves clients in over 50 countries worldwide.