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. In the quarter to June 2026, revenue grew 10.7%, EPS grew 28.6% and free cash flow fell 3.59%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.
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T. Rowe Price Group, Inc. (TROW) Operating margin
T. Rowe Price Group, Inc.'s operating margin over the twelve months to 30 June 2026 was 30.8%, up 0.8 percentage points from fiscal 2025 (29.9%). Over the past ten years it has ranged from 29.9% (fiscal 2025) to 48.4% (fiscal 2021) — the current reading is the lowest in ten years. That is below the Asset Management industry median of 33.4% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 29.9% | (2.97) |
| FY2024 | 32.9% | 2.15 |
| FY2023 | 30.7% | (5.84) |
| FY2022 | 36.6% | (11.78) |
| FY2021 | 48.4% | 4.12 |
| FY2020 | 44.2% | 1.75 |
| FY2019 | 42.5% | (1.46) |
| FY2018 | 44.0% | 0.51 |
| FY2017 | 43.4% | 2.99 |
| FY2016 | 40.5% | (4.76) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 28.3% | (8.31) |
| Mar 2026 | 36.7% | 12.30 |
| Dec 2025 | 24.4% | (9.62) |
| Sep 2025 | 34.0% | 6.22 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| TROW T. Rowe Price Group, Inc. | 30.8% |
| RJF Raymond James Financial, Inc. compare | 27.5% |
| OWL Blue Owl Capital Inc. compare | 16.9% |
| TPG TPG Inc. compare | 15.5% |
| PFG Principal Financial Group, Inc. compare | 11.9% |
| BEN Franklin Resources Inc compare | 9.71% |
| CRBG Corebridge Financial, Inc. compare | 8.01% |
| NTRS Northern Trust Corporation compare | 0.00% |
| EQH Equitable Holdings, Inc. compare | −3.62% |
| Asset Management industry median | 33.4% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on TROW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement