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. (TROW) Operating margin

Alert me on Operating margin

T. Rowe Price Group, Inc.'s operating margin over the twelve months to 30 September 2026 was 32.0%, up 2.0 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 above the Asset Management industry median of 27.3% 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)
Sep 2026 38.4% 10.06
Jun 2026 28.3% (8.31)
Mar 2026 36.7% 12.30
Dec 2025 24.4% (9.62)
43 more quarters

Against its own ten years

Low 29.9% High 48.4%
Ten-year median 42.5%
Current reading's percentile 28

Operating margin against peers

Company Operating margin
TROW T. Rowe Price Group, Inc. 32.0%
RJF Raymond James Financial, Inc. compare 27.3%
CRBG Corebridge Financial, Inc. compare 19.1%
OWL Blue Owl Capital Inc. compare 17.6%
TPG TPG Inc. compare 15.5%
PFG Principal Financial Group, Inc. compare 14.8%
BEN Franklin Resources Inc compare 9.71%
NTRS Northern Trust Corporation compare 0.00%
PS Pershing Square Inc. compare −25.1%
Asset Management industry median 27.3%
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

The full definition of Operating margin →

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