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

108.85 0.14 +0.13%
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. (TROW) Net margin

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T. Rowe Price Group, Inc.'s net margin over the twelve months to 30 September 2026 was 28.1%, up 0.2 percentage points from fiscal 2025 (27.8%). Over the past ten years it has ranged from 23.5% (fiscal 2022) to 39.1% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Asset Management industry median of 11.9% and above the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 27.8% (0.98)
FY2024 28.8% 1.82
FY2023 27.0% 3.55
FY2022 23.5% (15.69)
FY2021 39.1% 1.96
FY2020 37.2% 0.23
FY2019 37.0% 2.75
FY2018 34.2% 4.05
FY2017 30.2% 2.39
FY2016 27.8% (0.97)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 30.5% (2.59)
Jun 2026 33.1% 6.97
Mar 2026 26.2% 3.71
Dec 2025 22.5% (11.67)
43 more quarters

Against its own ten years

Low 23.5% High 39.1%
Ten-year median 28.8%
Current reading's percentile 28

Net margin against peers

Company Net margin
TROW T. Rowe Price Group, Inc. 28.1%
NTRS Northern Trust Corporation compare 15.5%
RJF Raymond James Financial, Inc. compare 13.5%
PFG Principal Financial Group, Inc. compare 11.9%
CRBG Corebridge Financial, Inc. compare 10.5%
BEN Franklin Resources Inc compare 8.14%
TPG TPG Inc. compare 5.32%
OWL Blue Owl Capital Inc. compare 3.08%
PS Pershing Square Inc. compare −67.6%
Asset Management industry median 11.9%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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