Here are the 10-K annual reports from T Rowe Price Group Inc (TROW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow TROW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TROW filings page.
T. Rowe Price Group is a global asset manager providing equity, fixed income, multi-asset, and alternatives strategies to individuals and institutions worldwide. Assets under management reached $1,775.6 billion at December 31, 2025, up $169.0 billion, driven by $216.7 billion in market appreciation and partially offset by $56.9 billion of net outflows.
Target date retirement products remain a core strength, with $561.4 billion of assets, or 31.6% of managed assets, and $5.2 billion of 2025 net inflows. The firm continues to seed new products, holding $1.1 billion of seed capital and $0.3 billion in alternatives co-investments to align with clients.
Management is executing a multi-year plan to align expenses with revenue, including 2025 restructuring actions such as targeted role eliminations, technology outsourcing, and exiting certain buildings. Key risks highlighted include market-driven AUM volatility, fee pressure from passive products, regulatory complexity, cybersecurity, AI-related risks, and human capital retention in a competitive industry.