T. Rowe Price Group, Inc.

TROW Financial Asset Management

T. Rowe Price Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.3 billion, up 3.12% from fiscal 2024.

Revenue
+5.88%
EPS
−3.12%
Free cash flow
−13.8%

Quarter to September 2026, against a year earlier

108.65 0.06 −0.06%
Market cap
$23.2B
P/E
11.0×
Fwd P/E
9.8×
Dividend yield
4.75%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

T. Rowe Price Group, Inc. 10-Q filed Oct 31, 2025

Fiscal Q3 2025 · Period ended Sep 30, 2025 · Filed · accepted 1:40 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Aug 1, 2025: 15 added · 9 removed · 35 modified; 26 with only figures updated

  1. Modified

    The investment management industry is evolving, facing challenging trends such as passive investmentsstrategies taking market share from traditional active strategies; continued downward fee pressure; demand for new investment vehicles to meet client needs; and an ever-changing regulatory landscape. In this regard, we have ample liquidity and resources that allow us to take advantage of attractive growth opportunities. Furthermore, we have developed a broad and ongoing plan to align our expense growth with anticipated revenue growth. As a result, we have initiated certain actions to reduce expense growth, realign resources, and invest in existing and future capabilities, while also helping to offset ongoing inflationary pressures on compensation and contractual spending. These investments include hiring investment professionals,and distribution professionals, adopting new technologies, and offering new products to provide our clients with strong investment management expertise and services.