TROW

MKT CAP:$22B

T. Rowe Price Group, Inc.

Market Cap

$22B

Financial Services·Asset Management·🇺🇸 United States·NASDAQ

Financials·Asset Management·🇺🇸·NASDAQ

Stock Price

$100.24-$4.39 (-4.20%)

Apr 22, 2026

Company Details

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...

CEO

Robert W. Sharps

IPO Date

Apr 2, 1986

Website

www.troweprice.com

Key Metrics TTM

Revenue

$5.9B

— YoY

Net Income

$2.1B

EPS (Diluted)

$8.41

Free Cash Flow

$2.1B

Revenue / Share

$26.32

Gross Margin

57.4%

Operating Margin

41.6%

Net Margin

35.1%

FCF Margin

35.2%

P/S

3.7x

P/E

10.5x

Earnings Reports

Q3 2024

Apr 30, 2026

PENDING

Q2 2024

Jul 26, 2024

$1.7BEPS $2.11

Q3 2019

Oct 24, 2019

$1.4B+2.3%EPS $2.23

Q3 2018

Oct 25, 2018

$1.4BEPS $2.30

Q1 2018

Apr 25, 2018

$1.3BEPS $1.77

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 18	$1.3B	$774M	$584M
Q3 18	$1.4B	$831M	$641M
Q3 19	$1.4B	$858M	$659M
Q2 24	$1.7B	$912M	$565M

Valuation

Quarter	P/S	P/E
Q1 18	—	—
Q3 18	—	—
Q3 19	—	—
Q2 24	3.7x	10.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	$521M	$484M
Q3 18	$557M	$514M
Q3 19	$552M	$498M
Q2 24	$678M	$574M

Capital Expenditures

Quarter	CapEx
Q1 18	$37M
Q3 18	$43M
Q3 19	$54M
Q2 24	$103M

CapEx

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$46M	3.4%
Q3 18	$45M	3.2%
Q3 19	$45M	3.2%
Q2 24	$54M	3.1%

OpEx Breakdown

Quarter	G&A	S&M
Q1 18	$166M	$25M
Q3 18	$170M	$20M
Q3 19	$182M	$17M
Q2 24	$270M	$33M

Revenue Segments

Quarter	Administrative Service	Asset Management	Capital Allocation Based Income
Q3 18	$131M	$1.3B	—
Q3 19	$123M	$1.3B	—
Q2 24	$148M	$1.6B	$100.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.0B	$0	$2.0B
Q2 22	$2.1B	$0	$2.1B
Q3 22	$2.4B	$0	$2.4B
Q4 22	$1.8B	$0	$1.8B
Q1 23	$2.1B	$0	$2.1B
Q2 23	$2.2B	$0	$2.2B
Q3 23	$2.6B	$0	$2.6B
Q4 23	$2.1B	$0	$2.1B
Q1 24	$2.4B	$0	$2.4B
Q2 24	$2.7B	$0	$2.7B
Q3 24	$3.2B	$0	$3.2B
Q4 24	$2.6B	$0	$2.6B
Q1 25	$2.8B	$0	$2.8B
Q2 25	$3.1B	$0	$3.1B
Q3 25	$3.6B	$0	$3.6B
Q4 25	$3.4B	$0	$3.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 18	250M	—	—
Q3 18	248M	-0.9%	—
Q3 19	238M	-3.8%	—
Q2 24	224M	-6.2%	—

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 18	$209.8K	6K
Q3 18	$220.4K	6K
Q3 19	$207.3K	7K
Q2 24	$220.3K	8K

Revenue / Employee