What is T Rowe Price Group Inc's earnings per share (EPS)?

T Rowe Price Group Inc (TROW) reported diluted earnings per share of $9.24 for fiscal year 2025. This represents a 1.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

T Rowe Price Group Inc (TROW) Financials

TROW

Trailing 12 months to June 30, 2026

Revenue $7.6B +7.0% YoY

Net Income $2.2B +9.0% YoY

EPS (Diluted) $9.97 +11.4% YoY

Free Cash Flow $1.7B +42.9% YoY

Market Cap $22.4B as of Oct 10, 2026

Price / Sales 3.0x on $7.6B revenue, trailing 12 months to June 30, 2026

Price / Earnings 10.1x on $2.2B net income, trailing 12 months to June 30, 2026

Price / Book 2.0x on $11.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TROW SEC filings page.

T Rowe Price Group Inc (TROW) reported $7.6B in revenue over the twelve months to Jun 30, 2026, up 7.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TROW FY2025 2026-10-03

T. Rowe Price remains cash-generative and lightly leveraged, but recent revenue growth has not translated into higher operating profit.

Revenue in FY2025 was $7.3B, still below FY2021's $7.7B, so the rebound has not regained the earlier scale. Meanwhile, operating margin fell from 48.4% to 29.9%, showing the current earnings base is less productive than its earlier peak.

FY2025 net income of $2.1B produced operating cash flow of $1.8B, showing earnings are cash-backed but not one-for-one. Free cash flow reached $1.5B after $274M of capital spending, so reinvestment consumes a limited portion of internally generated cash.

Total liabilities were $2.3B against equity of $10.9B, leaving the balance sheet predominantly equity-funded rather than debt-dependent. Shares outstanding fell from 228.1M in FY2021 to 218.1M in FY2025, so buybacks have made the per-share denominator smaller even though total earnings remain below FY2021.

Financial Health Signals

Financial Health Score 51/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of T Rowe Price Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

T Rowe Price Group Inc has an operating margin of 29.9%, meaning the company retains $30 of operating profit per $100 of revenue. This strong profitability earns a score of 90/100, reflecting efficient cost management and pricing power. This is down from 32.9% the prior year.

Growth

T Rowe Price Group Inc's revenue grew a modest 3.1% year-over-year to $7.3B. This slow but positive growth earns a score of 55/100.

Leverage

T Rowe Price Group Inc carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Not available for T Rowe Price Group Inc, and counted as zero in the overall score.

Cash Flow

T Rowe Price Group Inc converts 20.2% of revenue into free cash flow ($1.5B). This strong cash generation earns a score of 84/100.

Returns

Not available for T Rowe Price Group Inc, and counted as zero in the overall score.

Piotroski F-Score Partial

3/6

T Rowe Price Group Inc passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.84x

For every $1 of reported earnings, T Rowe Price Group Inc generates $0.84 in operating cash flow ($1.8B OCF vs $2.1B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.9B

YoY+10.7%

QoQ+2.7%

5Y CAGR-0.2%

T Rowe Price Group Inc generated $1.9B in revenue in Q2 2026. This represents an increase of 10.7% from the same quarter a year earlier. Against the prior quarter it is up 2.7%.

Net Income

$632.0M

YoY+25.1%

QoQ+26.9%

5Y CAGR-5.0%

10Y CAGR+12.0%

T Rowe Price Group Inc reported $632.0M in net income in Q2 2026. This represents an increase of 25.1% from the same quarter a year earlier. Against the prior quarter it is up 26.9%.

EPS (Diluted)

$2.88

YoY+28.6%

QoQ+29.1%

5Y CAGR-3.6%

10Y CAGR+13.8%

T Rowe Price Group Inc earned $2.88 per diluted share (EPS) in Q2 2026. This represents an increase of 28.6% from the same quarter a year earlier. Against the prior quarter it is up 29.1%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$450.9M

YoY-3.6%

QoQ-40.9%

5Y CAGR-9.5%

T Rowe Price Group Inc generated $450.9M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 3.6% from the same quarter a year earlier. Against the prior quarter it is down 40.9%.

Cash & Debt

$3.2B

YoY+5.7%

QoQ-13.3%

5Y CAGR-1.7%

10Y CAGR+8.9%

T Rowe Price Group Inc held $3.2B in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$1.30

YoY+2.4%

QoQ0.0%

5Y CAGR+3.8%

T Rowe Price Group Inc paid $1.30 per share in dividends in Q2 2026. This represents an increase of 2.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

213M

YoY-2.9%

QoQ-0.4%

5Y CAGR-1.2%

10Y CAGR-1.5%

T Rowe Price Group Inc had 213M shares outstanding in Q2 2026. This represents a decrease of 2.9% from the same quarter a year earlier. Against the prior quarter it is down 0.4%.

Margins & Returns

Operating Margin

28.3%

YoY+0.6pp

QoQ-8.3pp

5Y change-21.3pp

T Rowe Price Group Inc's operating margin was 28.3% in Q2 2026, reflecting core business profitability. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.3 percentage points.

Net Margin

33.1%

YoY+3.8pp

QoQ+6.3pp

5Y change-9.2pp

T Rowe Price Group Inc's net profit margin was 33.1% in Q2 2026, showing the share of revenue converted to profit. This is up 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.3 percentage points.

Return on Equity

5.7%

YoY+1.0pp

QoQ+1.1pp

5Y change-4.6pp

10Y change+1.6pp

T Rowe Price Group Inc's ROE was 5.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$167.3M

YoY+47.9%

QoQ-49.8%

5Y CAGR+26.2%

10Y CAGR+16.2%

T Rowe Price Group Inc spent $167.3M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 47.9% from the same quarter a year earlier. Against the prior quarter it is down 49.8%.

Capital Expenditures

$66.4M

YoY+6.8%

QoQ+7.1%

5Y CAGR+1.1%

10Y CAGR+4.2%

T Rowe Price Group Inc invested $66.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 6.8% from the same quarter a year earlier. Against the prior quarter it is up 7.1%.

R&D Spending

Not reported for Q2 2026.

TROW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TROW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$7.6B	$7.3B+3.1%	$7.1B+9.8%	$6.5B-0.4%	$6.5B-15.4%	$7.7B+23.6%	$6.2B+10.5%	$5.6B+4.6%	$5.4B+10.7%	$4.9B+13.3%	$4.3B+2.0%	$4.2B+5.5%	$4.0B+14.3%	$3.5B+15.3%	$3.0B+10.0%	$2.7B
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$2.7B
SG&A Expenses	$3.0B	$2.9B+4.0%	$2.8B+3.2%	$2.7B+15.2%	$2.3B-2.6%	$2.4B+9.2%	$2.2B+10.8%	$2.0B+8.9%	$1.8B+8.6%	$1.7B+11.4%	$1.5B+3.5%	$1.4B+8.6%	$1.3B+14.9%	$1.2B+10.4%	$1.0B+8.0%	$969.8M
Operating Income	$2.3B	$2.2B-6.2%	$2.3B+17.5%	$2.0B-16.3%	$2.4B-36.0%	$3.7B+35.1%	$2.7B+15.0%	$2.4B+1.1%	$2.4B+12.0%	$2.1B+21.7%	$1.7B-8.7%	$1.9B+0.4%	$1.9B+15.5%	$1.6B+20.0%	$1.4B+11.2%	$1.2B
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$700K-61.1%	$1.8M-21.7%	$2.3M
Income Tax	$709.9M	$667.2M-2.4%	$683.8M+4.5%	$654.6M+31.3%	$498.6M-44.4%	$896.1M+24.6%	$718.9M+6.0%	$678.4M+10.1%	$615.9M-33.3%	$923.9M+30.8%	$706.5M-9.4%	$779.4M+0.8%	$773.5M+18.5%	$652.7M+18.3%	$551.5M+15.5%	$477.4M
Net Income	$2.2B	$2.1B-0.6%	$2.1B+17.4%	$1.8B+14.8%	$1.6B-49.5%	$3.1B+29.9%	$2.4B+11.3%	$2.1B+16.0%	$1.8B+22.7%	$1.5B+23.3%	$1.2B-0.7%	$1.2B-0.5%	$1.2B+17.4%	$1.0B+18.6%	$883.6M+14.3%	$773.2M
EPS (Basic)	N/A	$9.26+0.9%	$9.18+18.0%	$7.78+15.6%	$6.73-49.2%	$13.25+31.4%	$10.08+14.3%	$8.82+19.0%	$7.41+22.1%	$6.07+25.2%	$4.85+2.3%	$4.74+1.3%	$4.68+16.4%	$4.02+15.9%	$3.47+15.3%	$3.01
EPS (Diluted)	$9.97	$9.24+1.0%	$9.15+17.9%	$7.76+15.8%	$6.70-48.9%	$13.12+31.5%	$9.98+14.7%	$8.70+19.7%	$7.27+21.8%	$5.97+25.7%	$4.75+2.6%	$4.63+1.8%	$4.55+16.7%	$3.90+16.1%	$3.36+15.1%	$2.92
Diluted Shares (Avg)	N/A	220M-1.3%	223M-0.7%	225M-1.0%	227M-0.7%	229M-1.0%	231M-3.1%	239M-3.4%	247M+0.7%	245M-2.1%	250M-4.1%	261M-2.4%	267M+0.4%	266M+2.0%	261M-0.9%	263M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.9B+10.7%	$1.9B+5.3%	$1.9B+6.0%	$1.9B+6.0%	$1.7B-0.6%	$1.8B+0.8%	$1.8B+11.1%	$1.8B+6.9%
SG&A Expenses	$823.4M+13.2%	$659.7M-0.7%	$761.6M+7.3%	$714.3M+5.3%	$727.7M+10.1%	$664.5M-6.3%	$709.5M-3.5%	$678.3M+6.6%
Operating Income	$540.5M+13.0%	$680.5M+14.1%	$471.0M-17.1%	$643.2M+4.8%	$478.3M-15.3%	$596.3M+1.7%	$568.4M+46.8%	$613.6M+5.6%
Income Tax	$214.2M+35.8%	$148.1M-8.5%	$152.5M-2.4%	$195.1M+5.1%	$157.7M-1.3%	$161.9M-11.1%	$156.3M-9.8%	$185.7M+28.2%
Net Income	$632.0M+25.1%	$498.2M+1.6%	$445.3M+1.2%	$646.1M+7.1%	$505.2M+4.5%	$490.5M-14.5%	$439.9M+0.5%	$603.0M+33.1%
EPS (Basic)	$2.88+28.6%	$2.23+3.7%	$2.00+3.6%	$2.88+9.1%	$2.24+6.2%	$2.15-14.0%	$1.93+1.6%	$2.64+33.3%
EPS (Diluted)	$2.88+28.6%	$2.23+3.7%	$1.99+3.6%	$2.87+8.7%	$2.24+6.2%	$2.15-13.7%	$1.92+1.1%	$2.64+34.0%
Diluted Shares (Avg)	214M-2.8%	218M-2.2%	N/A	220M-1.4%	220M-1.4%	223M-0.7%	N/A	223M-0.9%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense.

TROW Balance Sheet

TROW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$14.3B+6.5%	$13.5B+9.7%	$12.3B+5.5%	$11.6B-6.9%	$12.5B+17.4%	$10.7B+14.2%	$9.3B+21.3%	$7.7B+2.0%	$7.5B+21.1%	$6.2B+21.9%	$5.1B-9.5%	$5.6B+12.1%	$5.0B+19.8%	$4.2B+11.5%	$3.8B
Cash & Equivalents	$3.4B+27.5%	$2.6B+28.2%	$2.1B+17.7%	$1.8B+15.3%	$1.5B-29.2%	$2.2B+20.8%	$1.8B+25.0%	$1.4B-25.1%	$1.9B+57.9%	$1.2B+2.8%	$1.2B-22.2%	$1.5B+7.7%	$1.4B+59.0%	$879.1M-2.1%	$897.9M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$931.2M+6.1%	$877.4M+8.6%	$807.9M+7.9%	$748.7M-29.3%	$1.1B+22.6%	$863.1M+33.5%	$646.6M+17.6%	$549.6M-2.8%	$565.3M+24.2%	$455.1M+2.0%	$446.0M+0.7%	$442.8M+11.0%	$398.8M+12.7%	$353.9M+16.2%	$304.5M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.6B0.0%	$2.6B0.0%	$2.6B0.0%	$2.6B-1.9%	$2.7B+304.6%	$665.7M0.0%	$665.7M0.0%	$665.7M0.0%	$665.7M0.0%	$665.7M0.0%	$665.7M	N/A	N/A	$665.7M0.0%	$665.7M
Total Liabilities	$2.3B+13.2%	$2.0B+1.7%	$2.0B+1.6%	$2.0B-13.3%	$2.3B+62.2%	$1.4B+25.6%	$1.1B+34.3%	$824.7M+14.8%	$718.2M+35.7%	$529.2M+53.4%	$344.9M+38.4%	$249.2M+15.9%	$215.0M-39.7%	$356.7M+2.0%	$349.6M
Total Equity	$10.9B+5.0%	$10.3B+8.8%	$9.5B+7.5%	$8.8B-2.0%	$9.0B+17.1%	$7.7B+8.5%	$7.1B+16.0%	$6.1B+5.1%	$5.8B+16.3%	$5.0B+5.2%	$4.8B-11.7%	$5.4B+12.0%	$4.8B+25.3%	$3.8B+12.4%	$3.4B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$15.4B+7.1%	$14.4B+2.9%	$14.3B+6.5%	$14.7B+7.5%	$14.3B+9.6%	$14.0B+8.9%	$13.5B+9.7%	$13.7B+9.2%
Cash & Equivalents	$3.2B+5.7%	$3.7B+31.5%	$3.4B+27.5%	$3.6B+14.5%	$3.1B+12.7%	$2.8B+17.4%	$2.6B+28.2%	$3.2B+23.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$941.6M+9.3%	$909.9M-2.6%	$931.2M+6.1%	$899.4M+1.1%	$861.8M+1.8%	$934.6M+5.8%	$877.4M+8.6%	$890.0M+18.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.6B0.0%	$2.6B0.0%	$2.6B0.0%	$2.6B0.0%	$2.6B0.0%	$2.6B0.0%	$2.6B0.0%	$2.6B0.0%
Total Liabilities	$3.2B+25.9%	$2.5B+2.3%	$2.3B+13.2%	$2.8B+10.9%	$2.5B+11.6%	$2.5B+12.5%	$2.0B+1.7%	$2.5B+4.8%
Total Equity	$11.0B+4.2%	$10.8B+3.7%	$10.9B+5.0%	$10.8B+5.5%	$10.6B+6.4%	$10.4B+6.2%	$10.3B+8.8%	$10.2B+9.0%

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.

TROW Cash Flow Statement

TROW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.9B	$1.8B+4.0%	$1.7B+38.3%	$1.2B-48.3%	$2.4B-31.7%	$3.5B+79.9%	$1.9B+26.0%	$1.5B-6.0%	$1.6B+605.8%	$229.5M+34.6%	$170.5M-88.9%	$1.5B+13.9%	$1.3B+9.0%	$1.2B+36.6%	$902.8M-4.8%	$948.4M
Stock-Based Compensation	N/A	$216.9M-12.3%	$247.3M-6.9%	$265.6M-6.9%	$285.4M+3.9%	$274.6M+11.5%	$246.2M+19.2%	$206.6M+4.8%	$197.1M+29.7%	$152.0M-5.9%	$161.6M+8.5%	$149.0M+11.7%	$133.4M+16.4%	$114.6M+10.1%	$104.1M+5.5%	$98.7M
Capital Expenditures	$258.4M	$274.2M-35.2%	$423.4M+37.5%	$307.9M+29.6%	$237.6M-0.6%	$239.1M+11.4%	$214.6M+4.9%	$204.6M+21.4%	$168.5M-9.5%	$186.1M+25.5%	$148.3M-2.0%	$151.3M+19.9%	$126.2M+19.3%	$105.8M+37.6%	$76.9M-6.6%	$82.3M
Free Cash Flow	$1.7B	$1.5B+17.2%	$1.3B+38.5%	$911.2M-57.1%	$2.1B-34.0%	$3.2B+88.5%	$1.7B+29.3%	$1.3B-9.2%	$1.5B+3244.2%	$43.4M+95.5%	$22.2M-98.4%	$1.4B+13.3%	$1.2B+8.0%	$1.1B+36.5%	$825.9M-4.6%	$866.1M
Investing Cash Flow	-$430.3M	$230.3M+229.7%	-$177.5M-238.5%	$128.2M+408.9%	-$41.5M+96.2%	-$1.1B-2925.1%	-$36.3M+88.8%	-$324.5M+62.9%	-$875.5M-2344.9%	$39.0M-63.3%	$106.2M-2.6%	$109.0M+124.6%	-$443.4M-1.3%	-$437.5M-41.1%	-$310.1M-87.9%	-$165.0M
Financing Cash Flow	-$1.3B	-$1.3B-36.4%	-$936.6M+13.2%	-$1.1B+48.1%	-$2.1B+30.5%	-$3.0B-101.1%	-$1.5B-78.5%	-$832.7M+32.8%	-$1.2B-368.6%	$461.5M+361.6%	-$176.4M+91.1%	-$2.0B-149.0%	-$792.4M-186.3%	-$276.8M+54.7%	-$611.5M+12.5%	-$698.6M
Dividends Paid	$1.1B	$1.1B+0.7%	$1.1B+1.2%	$1.1B+1.3%	$1.1B-34.9%	$1.7B+101.2%	$845.8M+15.2%	$733.9M+5.7%	$694.3M+23.3%	$563.1M+4.1%	$540.8M-48.9%	$1.1B+129.2%	$462.1M+16.5%	$396.7M-34.3%	$603.4M+89.8%	$317.9M
Share Buybacks	$793.4M	$620.9M+84.1%	$337.2M+32.5%	$254.4M-70.1%	$849.8M-25.4%	$1.1B-5.3%	$1.2B+70.3%	$705.8M-35.3%	$1.1B+138.0%	$458.1M-32.3%	$676.9M-31.5%	$987.8M+137.7%	$415.5M+2846.8%	$14.1M-89.6%	$135.2M-71.8%	$479.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$517.3M-2.4%	$824.3M+30.2%	-$18.7M+93.4%	$609.3M-6.6%	$529.9M-21.8%	$632.9M-0.7%	-$281.9M-79.1%	$652.5M+38.8%
Stock-Based Compensation	N/A	$49.1M-2.4%	N/A	N/A	N/A	$50.3M-13.9%	N/A	N/A
Capital Expenditures	$66.4M+6.8%	$62.0M-24.4%	$66.7M-41.0%	$63.3M-39.5%	$62.2M-39.8%	$82.0M-20.0%	$113.0M+38.0%	$104.6M+11.8%
Free Cash Flow	$450.9M-3.6%	$762.3M+38.4%	-$85.4M+78.4%	$546.0M-0.3%	$467.7M-18.6%	$550.9M+3.0%	-$394.9M-65.0%	$547.9M+45.6%
Investing Cash Flow	-$777.0M-8533.3%	$59.6M+224.7%	$249.2M+1207.6%	$37.9M+161.5%	-$9.0M+89.4%	-$47.8M-455.8%	-$22.5M-125.0%	-$61.6M-135.4%
Financing Cash Flow	-$228.6M+17.1%	-$502.0M-22.0%	-$491.8M-136.0%	-$98.3M+35.6%	-$275.9M+10.3%	-$411.4M-53.6%	-$208.4M+54.8%	-$152.7M+48.6%
Dividends Paid	$282.1M-1.2%	$289.1M-0.1%	$284.5M0.0%	$283.4M+0.7%	$285.6M+0.8%	$289.5M+1.0%	$284.6M+1.8%	$281.3M+0.6%
Share Buybacks	$167.3M+47.9%	$333.5M+55.0%	$139.1M+104.3%	$153.5M+108.6%	$113.1M+0.6%	$215.2M+159.0%	$68.1M-39.8%	$73.6M-18.9%

Not reported in any period shown, so not listed: Depreciation & Amortization.

TROW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TROW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	100.0%
Operating Margin	29.9%-3.0pp	32.9%+2.2pp	30.7%-5.8pp	36.6%-11.8pp	48.4%+4.1pp	44.2%+1.8pp	42.5%-1.5pp	44.0%+0.5pp	43.4%+3.0pp	40.5%-4.8pp	45.2%-2.3pp	47.5%+0.5pp	47.0%+1.9pp	45.1%+0.5pp	44.7%
Net Margin	28.5%-1.1pp	29.6%+1.9pp	27.7%+3.7pp	24.0%-16.2pp	40.2%+2.0pp	38.2%+0.3pp	37.9%+3.7pp	34.2%+3.4pp	30.9%+2.5pp	28.4%-0.8pp	29.1%-1.8pp	30.9%+0.8pp	30.1%+0.8pp	29.2%+1.1pp	28.1%
Return on Equity	19.2%-1.1pp	20.3%+1.5pp	18.8%+1.2pp	17.6%-16.6pp	34.2%+3.4pp	30.8%+0.8pp	30.0%0.0pp	30.0%+4.3pp	25.7%+1.5pp	24.3%-1.4pp	25.7%+2.9pp	22.8%+1.0pp	21.8%-1.2pp	23.0%+0.4pp	22.6%
Return on Assets	14.5%-1.0pp	15.6%+1.0pp	14.6%+1.2pp	13.4%-11.3pp	24.6%+2.4pp	22.3%-0.6pp	22.8%-1.1pp	23.9%+4.0pp	19.9%+0.4pp	19.5%-4.4pp	23.9%+2.2pp	21.8%+1.0pp	20.8%-0.2pp	21.0%+0.5pp	20.5%
Debt-to-Equity	0.210.0x	0.200.0x	0.210.0x	0.220.0x	0.25+0.1x	0.180.0x	0.160.0x	0.130.0x	0.120.0x	0.110.0x	0.070.0x	0.050.0x	0.040.0x	0.090.0x	0.10
Asset Turnover	0.510.0x	0.530.0x	0.530.0x	0.56-0.1x	0.610.0x	0.580.0x	0.60-0.1x	0.70+0.1x	0.640.0x	0.69-0.1x	0.82+0.1x	0.710.0x	0.690.0x	0.720.0x	0.73
FCF Margin	20.2%+2.4pp	17.8%+3.7pp	14.1%-18.6pp	32.7%-9.2pp	41.9%+14.4pp	27.5%+4.0pp	23.5%-3.6pp	27.0%+26.1pp	0.9%+0.4pp	0.5%-32.3pp	32.8%+2.2pp	30.6%-1.8pp	32.4%+5.0pp	27.3%-4.2pp	31.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	28.3%+0.6pp	36.6%+2.8pp	24.3%-6.8pp	34.0%-0.4pp	27.8%-4.8pp	33.8%+0.3pp	31.1%+7.6pp	34.4%-0.4pp
Net Margin	33.1%+3.8pp	26.8%-1.0pp	23.0%-1.1pp	34.1%+0.4pp	29.3%+1.4pp	27.8%-5.0pp	24.1%-2.5pp	33.8%+6.6pp
Return on Equity	5.7%+1.0pp	4.6%-0.1pp	4.1%-0.2pp	6.0%+0.1pp	4.8%-0.1pp	4.7%-1.1pp	4.3%-0.3pp	5.9%+1.1pp
Return on Assets	4.1%+0.6pp	3.5%-0.1pp	3.1%-0.2pp	4.4%0.0pp	3.5%-0.2pp	3.5%-1.0pp	3.3%-0.3pp	4.4%+0.8pp
Debt-to-Equity	0.290.0x	0.230.0x	0.210.0x	0.260.0x	0.240.0x	0.240.0x	0.200.0x	0.240.0x
Asset Turnover	0.120.0x	0.130.0x	0.130.0x	0.130.0x	0.120.0x	0.130.0x	0.140.0x	0.130.0x
FCF Margin	23.6%-3.5pp	41.0%+9.8pp	-4.4%+17.2pp	28.8%-1.8pp	27.1%-6.0pp	31.2%+0.7pp	-21.6%-7.1pp	30.7%+8.2pp

Not reported in any period shown, so not listed: Gross Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
T Rowe Price Group Inc TROW	FY2025	$7.3B	$2.1B	28.5%	$22.4B	51/100
The Carlyle Group Inc. CG	FY2025	$4.8B	$808.7M	16.9%	$13.7B	19/100
Northern Trust Corp NTRS	FY2025	$8.1B	$1.7B	21.5%	$30.8B	27/100
TPG Inc. TPG	FY2025	$4.7B	$184.6M	4.0%	$7.5B	26/100
Blue Owl Capital Inc. OWL	FY2025	$2.9B	$305.5M	10.6%	$6.5B	38/100
Principal Financial Group, Inc. PFG	FY2025	$15.6B	$1.3B	8.0%	$23.0B	21/100

Where T Rowe Price Group Inc Ranks

Frequently Asked Questions

What is T Rowe Price Group Inc's annual revenue?

T Rowe Price Group Inc (TROW) reported $7.3B in total revenue for fiscal year 2025. This represents a 3.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is T Rowe Price Group Inc's revenue growing?

T Rowe Price Group Inc (TROW) revenue grew by 3.1% year-over-year, from $7.1B to $7.3B in fiscal year 2025.

Is T Rowe Price Group Inc profitable?

Yes, T Rowe Price Group Inc (TROW) reported a net income of $2.1B in fiscal year 2025, with a net profit margin of 28.5%.

What is T Rowe Price Group Inc's operating margin?

T Rowe Price Group Inc (TROW) had an operating margin of 29.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is T Rowe Price Group Inc's net profit margin?

T Rowe Price Group Inc (TROW) had a net profit margin of 28.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does T Rowe Price Group Inc pay dividends?

Yes, T Rowe Price Group Inc (TROW) paid $5.08 per share in dividends during fiscal year 2025.

What is T Rowe Price Group Inc's return on equity (ROE)?

T Rowe Price Group Inc (TROW) has a return on equity of 19.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is T Rowe Price Group Inc's free cash flow?

T Rowe Price Group Inc (TROW) generated $1.5B in free cash flow during fiscal year 2025. This represents a 17.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is T Rowe Price Group Inc's operating cash flow?

T Rowe Price Group Inc (TROW) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are T Rowe Price Group Inc's total assets?

T Rowe Price Group Inc (TROW) had $14.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are T Rowe Price Group Inc's capital expenditures?

T Rowe Price Group Inc (TROW) invested $274.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does T Rowe Price Group Inc buy back shares?

Yes, T Rowe Price Group Inc (TROW) spent $620.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does T Rowe Price Group Inc have outstanding?

T Rowe Price Group Inc (TROW) had 218M shares outstanding as of fiscal year 2025.

What is T Rowe Price Group Inc's debt-to-equity ratio?

T Rowe Price Group Inc (TROW) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is T Rowe Price Group Inc's return on assets (ROA)?

T Rowe Price Group Inc (TROW) had a return on assets of 14.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is T Rowe Price Group Inc's P/E ratio?

T Rowe Price Group Inc (TROW) trades at 10.1x earnings, its market capitalization divided by net income of $2.2B net income, trailing 12 months to June 30, 2026. The market capitalization is $22.4B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is T Rowe Price Group Inc's price-to-sales ratio?

T Rowe Price Group Inc (TROW) trades at 3.0x sales, its market capitalization divided by revenue of $7.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $22.4B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is T Rowe Price Group Inc's Piotroski F-Score?

T Rowe Price Group Inc (TROW) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are T Rowe Price Group Inc's earnings high quality?

T Rowe Price Group Inc (TROW) has an earnings quality ratio of 0.84x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is T Rowe Price Group Inc?

T Rowe Price Group Inc (TROW) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.