T. Rowe Price Group, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 7.67B | 6.49B | 6.46B | 7.09B | 7.31B | 3.1% | |
| Cost of Revenue | (2.99B) | (2.92B) | (3.25B) | (3.41B) | (2.73B) | -19.9% | |
Gross Profit | 4.68B | 3.57B | 3.21B | 3.68B | 4.58B | 24.4% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (968.70M) | (1.07B) | (1.17B) | (1.21B) | (2.28B) | 88.8% | |
| General & Administrative | (868.50M) | (972.70M) | (1.05B) | (1.08B) | (2.20B) | 104.4% | |
| Selling & Marketing | (100.20M) | (97.30M) | (114.20M) | (129.60M) | (77.30M) | -40.4% | |
| Depreciation & Amortization | (204.80M) | (645.80M) | (481.60M) | (504.20M) | (432.00M) | -14.3% | |
Operating Income (EBIT) | 3.71B | 2.37B | 1.99B | 2.33B | 2.19B | -6.2% | |
| Non-Operating Items | |||||||
| Interest Income | 133.90M | 15.40M | 45.90M | 59.40M | 497.40M | 737.4% | |
| Interest Expense | — | — | — | — | — | — | |
| Other Income/Expenses (Net) | 284.60M | -425.50M | 504.10M | 486.30M | 686.70M | 41.2% | |
Income Before Tax | 3.99B | 1.95B | 2.49B | 2.82B | 2.88B | 2.0% | |
| Income Tax Expense | (896.10M) | (498.60M) | (654.60M) | (683.80M) | (667.20M) | -2.4% | |
Net Income | 3.08B | 1.56B | 1.79B | 2.10B | 2.09B | -0.6% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $13 | $7 | $8 | $9 | $9 | 0.9% | |
| Weighted Avg Shares Outstanding | 226.60M | 226.00M | 224.10M | 222.80M | 223.77M | 0.4% | |
| Weighted Avg Shares Outstanding (Diluted) | 228.80M | 227.10M | 224.80M | 223.30M | 223.77M | 0.2% | |
EBITDA | 3.95B | 3.14B | 2.52B | 2.98B | 2.88B | -3.4% |
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