
T. Rowe Price Group Income Statement 2025-2006 | TROW
Brief overview of financial results at T. Rowe Price Group
The overview follows changes across a five-year period. Revenue reported by T. Rowe Price Group was $6.2 billion at the beginning of the period and $7.3 billion at the end. Overall revenue changed by +17.9%, equal to an annualized rate of about 3.3%. Revenue was effectively stagnant over the period.
The net result moved from $2.4 billion to $2.1 billion, or −12%. The final result developed less favorably than the core business.
The five-year change in capitalization reached −38.8%: from 33.5 billion dollars to 20.5 billion dollars. Market expectations deteriorated over the period.
What the figures show
Signs of deterioration dominate the five-year picture. The overall view is constrained by a weaker market valuation, lower net income and a softer top-line trend. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement T. Rowe Price Group
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
20.5 B | 23.9 B | 24.3 B | 27.6 B | 44.6 B | 33.5 B | 32.1 B | 21.6 B | 27.1 B | 16.7 B | 18.1 B | 20.4 B | 20.5 B | 18 B | 14.9 B | 12.5 B | 10.6 B | 14.8 B | 13.8 B | - |
Shares |
220 M | 223 M | 224 M | 226 M | 227 M | 229 M | 235 M | 242 M | 241 M | 246 M | 255 M | 260 M | 258 M | 253 M | 256 M | 257 M | 256 M | 259 M | 265 M | - |
Historical Prices |
93.2 | 107 | 109 | 122 | 197 | 146 | 114 | 84.2 | 93.4 | 65.1 | 60 | 68.5 | 65.4 | 49.1 | 42 | 48.7 | 41.4 | 57.1 | 52 | 39.7 |
Net Income |
2.09 B | 2.1 B | 1.79 B | 1.56 B | 3.08 B | 2.37 B | 2.13 B | 1.84 B | 1.5 B | 1.22 B | 1.22 B | 1.23 B | 1.05 B | 884 M | 773 M | 672 M | 434 M | 491 M | 671 M | - |
Revenue |
7.31 B | 7.09 B | 6.46 B | 6.49 B | 7.67 B | 6.21 B | 5.62 B | 5.37 B | 4.79 B | 4.22 B | 4.2 B | 3.98 B | 3.48 B | 3.02 B | 2.75 B | 2.37 B | 1.87 B | 2.12 B | 2.23 B | - |
Cost of Revenue |
2.87 B | 2.76 B | 2.67 B | 2.32 B | 2.38 B | 2.18 B | 1.97 B | 1.81 B | 1.66 B | 1.49 B | 1.44 B | 1.33 B | 1.16 B | 1.05 B | 970 M | 860 M | 773 M | 816 M | 797 M | - |
Gross Profit |
- | - | - | - | - | - | 3.23 B | 3.13 B | 2.98 B | 2.59 B | 2.61 B | 2.51 B | 2.21 B | 1.88 B | 2.56 B | 648 M | 1.87 B | 2.12 B | 2.23 B | - |
Operating Income |
2.19 B | 2.33 B | 1.99 B | 2.37 B | 3.71 B | 2.75 B | 2.39 B | 2.36 B | 2.11 B | 1.73 B | 1.9 B | 1.89 B | 1.64 B | 1.36 B | 1.23 B | 1.04 B | 702 M | 848 M | 996 M | - |
Interest Expense |
1.9 M | -7.2 M | -15.7 M | -17.3 M | -5.9 M | -2 M | 7 M | -3.1 M | 4.1 M | -2 M | -3.3 M | -2.5 M | 700 K | 1.8 M | 2.3 M | 2.9 M | 2.5 M | - | - | - |
EBITDA |
2.19 B | 2.33 B | 1.99 B | 2.37 B | 3.71 B | 2.75 B | 2.58 B | 2.51 B | 2.2 B | 1.93 B | 2.03 B | 2 B | 1.73 B | 1.45 B | 1.3 B | 1.04 B | 702 M | 849 M | 997 M | - |
Operating Expenses |
5.13 B | 4.76 B | 4.47 B | 4.11 B | 3.96 B | 3.46 B | 846 M | 780 M | 922 M | 788 M | 707 M | 618 M | 573 M | 514 M | 1.33 B | 1.33 B | 1.17 B | 1.27 B | 1.23 B | - |
General and Administrative Expenses |
442 M | 434 M | 421 M | 412 M | 384 M | 316 M | 749 M | 680 M | 195 M | 173 M | 159 M | 144 M | 136 M | 125 M | 970 M | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement T. Rowe Price Group
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
214 M | 218 M | 219 M | 220 M | 222 M | 222 M | 223 M | 224 M | 224 M | 224 M | 224 M | - | 225 M | 227 M | 228 M | - | 227 M | 227 M | 228 M | - | 227 M | 227 M | 234 M | 235 M | 235 M | 236 M | 237 M | 238 M | 243 M | 242 M | 244 M | 245 M | 240 M | 240 M | 242 M | 245 M | 246 M | 247 M | 247 M | 250 M | 253 M | 258 M | 259 M | 261 M | 260 M | 261 M | 260 M | 262 M | 259 M | 258 M | 257 M | 257 M | 253 M | 253 M | 253 M | 253 M | 254 M | 258 M | 259 M | 256 M | 258 M | 258 M | 257 M | 255 M |
Net Income |
632 M | 498 M | 646 M | 505 M | 490 M | 603 M | 483 M | 574 M | 453 M | 476 M | 422 M | - | 384 M | 340 M | 568 M | - | 777 M | 816 M | 749 M | 783 M | 643 M | 603 M | 343 M | 545 M | 546 M | 528 M | 513 M | 352 M | 583 M | 449 M | 454 M | 347 M | 391 M | 374 M | 386 M | 380 M | 328 M | 203 M | 304 M | 303 M | 277 M | 333 M | 310 M | 316 M | 304 M | 306 M | 304 M | 288 M | 270 M | 248 M | 242 M | 232 M | 247 M | 207 M | 198 M | 188 M | 186 M | 205 M | 195 M | 169 M | 158 M | 153 M | 133 M | 100 M |
Revenue |
1.91 B | 1.86 B | 1.89 B | 1.72 B | 1.76 B | 1.79 B | 1.73 B | 1.75 B | 1.67 B | 1.61 B | 1.54 B | - | 1.59 B | 1.51 B | 1.86 B | - | 1.95 B | 1.93 B | 1.83 B | 1.73 B | 1.6 B | 1.42 B | 1.46 B | 1.47 B | 1.43 B | 1.4 B | 1.33 B | 1.3 B | 1.39 B | 1.34 B | 1.33 B | 1.3 B | 1.3 B | 1.3 B | 1.13 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 680 M | 714 M | 683 M | 587 M | 578 M | 557 M | 499 M | 444 M |
Cost of Revenue |
823 M | 660 M | 714 M | 728 M | 664 M | 678 M | 661 M | 709 M | 636 M | 648 M | 654 M | - | 588 M | 463 M | 582 M | - | 565 M | 604 M | 584 M | - | 552 M | 549 M | 441 M | - | 466 M | 483 M | 492 M | - | 454 M | 456 M | 441 M | 446 M | 417 M | 446 M | 446 M | - | 386 M | 371 M | 355 M | - | 379 M | 361 M | 346 M | - | 346 M | 326 M | 319 M | - | 291 M | 288 M | 279 M | - | 264 M | 262 M | 261 M | - | 252 M | 249 M | 243 M | 214 M | 215 M | 208 M | 196 M | 200 M |
Gross Profit |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 729 M | 672 M | 679 M | 714 M | 682 M | 586 M | 577 M | 556 M | 498 M | 442 M |
Operating Income |
540 M | 680 M | 643 M | 478 M | 596 M | 614 M | 565 M | 587 M | 581 M | 534 M | 484 M | - | 575 M | 669 M | 877 M | - | 996 M | 958 M | 893 M | - | 729 M | 554 M | 707 M | - | 659 M | 615 M | 532 M | - | 641 M | 595 M | 584 M | 531 M | 548 M | 531 M | 531 M | - | 476 M | 284 M | 411 M | - | 458 M | 508 M | 478 M | - | 489 M | 473 M | 449 M | - | 426 M | 399 M | 373 M | - | 359 M | 328 M | 316 M | - | 295 M | 327 M | 312 M | 262 M | 253 M | 239 M | 207 M | 154 M |
Interest Expense |
-900 K | -800 K | 4.6 M | -9 M | 6.9 M | 7.6 M | -6.2 M | -4.9 M | -3.5 M | -7.3 M | -3.9 M | - | 400 K | -5.4 M | -7.2 M | - | -3.1 M | 700 K | -3.7 M | - | 5.8 M | 2 M | -15.4 M | - | -700 K | -100 K | 800 K | - | 100 K | -2.4 M | 900 K | - | 900 K | 1.2 M | 1.3 M | - | - | -200 K | - | - | -1.7 M | 200 K | -1.1 M | - | - | - | - | - | 200 K | 100 K | 300 K | - | 500 K | 400 K | 600 K | - | 600 K | 600 K | 500 K | - | - | - | - | - |
EBITDA |
540 M | 680 M | - | - | - | - | - | - | - | - | - | - | 741 M | 669 M | 932 M | - | 1.15 B | 958 M | 942 M | - | 729 M | 554 M | 707 M | - | 659 M | 615 M | 532 M | - | 641 M | 595 M | 584 M | 531 M | 548 M | 531 M | 531 M | - | 476 M | 284 M | 411 M | - | 458 M | 508 M | 478 M | - | 489 M | 473 M | 449 M | - | 426 M | 399 M | 373 M | - | 359 M | 328 M | 316 M | - | 296 M | 327 M | 312 M | 262 M | 253 M | 239 M | 208 M | 154 M |
Operating Expenses |
1.37 B | 1.18 B | 1.25 B | 1.24 B | 1.17 B | 1.17 B | 1.17 B | 1.16 B | 1.09 B | 1.08 B | 1.05 B | - | 1.01 B | 844 M | 986 M | - | 958 M | 971 M | 934 M | - | 867 M | 862 M | 755 M | - | 768 M | 780 M | 795 M | - | 754 M | 750 M | 744 M | 767 M | 690 M | 767 M | 767 M | - | 617 M | 761 M | 583 M | - | 591 M | 565 M | 549 M | - | 532 M | 511 M | 506 M | - | 458 M | 456 M | 443 M | - | 411 M | 409 M | 412 M | - | 384 M | 387 M | 371 M | 324 M | 324 M | 318 M | 291 M | 288 M |
General and Administrative Expenses |
105 M | 92.4 M | 102 M | 110 M | 103 M | 104 M | 109 M | 92.6 M | 85.7 M | 100 M | 108 M | - | 115 M | 96.4 M | 98.8 M | - | 81.8 M | 91.7 M | 87.3 M | - | 74.5 M | 86.4 M | 77.1 M | - | 75.2 M | 74.4 M | 73 M | - | 73.7 M | 73.4 M | 71.7 M | 84.8 M | 67.2 M | 84.8 M | 84.8 M | - | - | 40.8 M | 41.4 M | - | 40.3 M | 39.9 M | 38.3 M | - | 35.9 M | 36 M | 35.4 M | - | 32.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company T. Rowe Price Group (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.