
T. Rowe Price Group, Inc.
NASDAQ•TROW
CEO: Mr. Robert W. Sharps C.F.A., CPA
Sector: Financial Services
Industry: Asset Management
Listing Date: 1986-04-02
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Shanghai, China; Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, Amsterdam, Netherlands and Washington, DC.
Contact Information
Market Cap
$23.18B
P/E (TTM)
11.1
0
Dividend Yield
4.8%
52W High
$120.71
52W Low
$77.85
52W Range
Rank18Top 3.4%
6.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$1.89B+6.04%
4-Quarter Trend
EPS
$2.88+9.01%
4-Quarter Trend
FCF
$753.50M+37.52%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
YTD Net Revenue Growth Net revenues reached $5,380.7M for nine months, marking a 2.1% increase over prior period, driven by advisory fees.
Assets Under Management Ending AUM totaled $1,767.2B as of September 30, reflecting strong 8.4% growth this quarter from June 30, 2025.
Diluted EPS Holds Steady Diluted EPS was $7.25 YTD, showing slight 0.3% increase despite GAAP net income decline to $1,641.8M.
Stockholder Cash Return Returned $1,342.5M to stockholders YTD via dividends and share repurchases totaling $483.8M in the first nine months.
Risk Factors
GAAP Net Income Dip Net income attributable to TRP fell 1.1% YTD to $1,641.8M, primarily due to expense pressures outpacing revenue growth.
Operating Expense Inflation GAAP operating expenses rose 4.5% YTD to $3,662.9M, driven by compensation and technology cost increases.
Fee Rate Compression Annualized effective fee rate declined 4.3% YTD, reflecting shifts toward lower-fee investment strategies and products.
Q3 Restructuring Charge Recognized $28.5M restructuring charge in Q3 2025 related to ongoing workforce realignment and resource realignment efforts.
Outlook
Q4 Office Exit Charge Expect non-cash charge up to $100M in Q4 2025 related to exiting two owned office buildings in Owings Mills, Maryland.
Expense Growth Alignment Ongoing plan to align expense growth with anticipated revenue growth and invest in existing and future capabilities.
Technology Capital Investment Anticipate $275M CapEx for full year 2025, with over 80% allocated specifically toward technology initiatives.
Performance Focus Maintained Focus remains on strong investment performance to attract and retain investor assets under management globally.
Peer Comparison
Revenue (TTM)
BK$40.41B
APO$27.47B
BLK$22.89B
Gross Margin (Latest Quarter)
248.1%
TROW102.9%
BX100.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| BX | $181.36B | 43.7 | 32.9% | 29.7% |
| BLK | $168.73B | 27.7 | 12.2% | 1.4% |
| KKR | $121.76B | 37.0 | 8.5% | 0.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.2%
Moderate Growth
4Q Net Income CAGR
12.8%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Feb 4, 2026
EPS:$2.49
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 31, 2025|Revenue: $1.89B+6.0%|EPS: $2.88+9.0%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 1, 2025|Revenue: $1.72B-0.6%|EPS: $2.24+6.2%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 2, 2025|Revenue: $1.76B+0.8%|EPS: $2.15-14.0%MeetForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 14, 2025|Revenue: $7.09B+9.8%|EPS: $9.18+18.0%MeetForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 1, 2024|Revenue: $1.79B+6.9%|EPS: $2.64+33.3%MeetForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 26, 2024|Revenue: $1.73B+7.6%|EPS: $2.11+1.9%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 26, 2024|Revenue: $1.75B+13.8%|EPS: $2.50+36.6%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 16, 2024|Revenue: $6.46B-0.4%|EPS: $7.78+15.6%Beat