Zacks Investment Research·6 days ago
T. Rowe Price (TROW) Ascends While Market Falls: Some Facts to NoteT. Rowe Price (TROW) reached $116.11 at the closing of the latest trading day, reflecting a +2.13% change compared to its last close.
T. Rowe Price Group, Inc.(TROW)Earnings, Financials & Key Ratios
TROW•NASDAQ
$120.16
13.0× P/E·Price updated Jul 7, 2026
AboutT. 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, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.Show more
- EBITDA$2.62B-7.6%
- Net Income$2.09B-0.6%
- EPS (Diluted)9.25+1.1%
- Gross Margin62.67%+20.7%
- EBITDA Margin35.83%-10.4%
- Operating Margin29.92%-9.0%
- Net Margin28.53%-3.6%
- ROE17.76%-8.1%
TROW Price & Volume
T. Rowe Price Group, Inc. (TROW) stock price & volume — 10-year historical chart
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Resilient Capital Structure Offsets Secular Fee Pressures
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Stable
Profitability:Strong
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Secular active-to-passive migration
Key Thesis Takeaways
- T.
- Rowe Price maintains a fortress-like balance sheet with $3.7 billion in cash as of 2026Q1, providing significant stability despite ongoing industry-wide headwinds from the active-to-passive migration.
- While revenue remains tethered to market beta with quarterly figures hovering near $1.9 billion, the firm's disciplined capital return strategy, evidenced by consistent quarterly dividend payments of approximately $280 million, supports shareholder value.
- Investors should monitor the firm's ability to defend operating margins, which have fluctuated between 23.6% and 34.6%, as it navigates the structural shift toward lower-cost investment alternatives.
Verdict Logic
while the 4.6% dividend yield and $10.8 billion equity base offer defensive appeal, the firm's reliance on active management fees in a shifting market warrants caution given the historical volatility in free cash flow margins.
TROW Growth Metrics
T. Rowe Price Group, Inc. (TROW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.7%
5 Years3.34%
3 Years4.08%
TTM-
Profit CAGR
10 Years5.49%
5 Years-2.53%
3 Years10.24%
TTM3.87%
EPS CAGR
10 Years7.17%
5 Years-1.51%
3 Years11.35%
TTM5.78%
Return on Capital
10 Years25.85%
5 Years21.11%
3 Years17.32%
Last Year15.87%
TROW Recent Earnings
T. Rowe Price Group, Inc. (TROW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$2.52+8.2%
$2.33
Rev
$1.9B+0.1%
$1.9B
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$2.44-0.8%
$2.46
Rev
$1.9B+0.3%
$1.9B
Q4 2025
Oct 31, 2025Metric
Actual
Est
EPS
$2.81+10.6%
$2.54
Rev
$1.9B+0.6%
$1.9B
Q3 2025
Aug 1, 2025Metric
Actual
Est
EPS
$2.24+4.2%
$2.15
Rev
$1.7B-0.3%
$1.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $2.52vs $2.33+8.2% | $1.9Bvs $1.9B+0.1% |
| Q1 2026 | Feb 4, 2026 | $2.44vs $2.46-0.8% | $1.9Bvs $1.9B+0.3% |
| Q4 2025 | Oct 31, 2025 | $2.81vs $2.54+10.6% | $1.9Bvs $1.9B+0.6% |
| Q3 2025 | Aug 1, 2025 | $2.24vs $2.15+4.2% | $1.7Bvs $1.7B-0.3% |
Based on last 12 quarters of dataView full earnings history →
Latest TROW News
Recent stock market news and headlines for T. Rowe Price Group, Inc. (TROW)
PRNewsWire·6 days ago
T. ROWE PRICE LAUNCHES SEASON 6 OF "THE ANGLE" PODCAST SERIES WITH INVESTOR-FOCUSED LOOK AT AI ADOPTIONNew season, "AI at Work: From Promise to Impact," examines where artificial intelligence may create lasting value, where expectations may be too high, and what investors should watch as adoption moves into the real economy BALTIMORE, July 1, 2026 /PRNewswire/ -- The newest season of "The Angle from T. Rowe Price" podcast debuts today, where the global investment management firm and a leader in retirement convenes some of its leading investment professionals to help listeners separate myth from reality about the burgeoning artificial intelligence sector.
GuruFocus·Jun 26, 2026
T. Rowe Price Group Inc (TROW) Stock Up 3.7% and Still Undervalued -- GF Score: 80/100On June 26, 2026, T. Rowe Price Group Inc (TROW) shares rose 3.7% to a current price of $110.27, moving within a 52-week range of $85.22 to $118.22. The recent
Zacks Investment Research·Jun 23, 2026
T. Rowe Price's AUM Growth: Can Diversification Offset Equity Outflows?TROW's diversified AUM mix is helping cushion equity outflows, but can growth in fixed income, multi-asset and alternatives sustain revenues? Let us find out.
GuruFocus·Jun 22, 2026
T. ROWE PRICE ANNOUNCES STRATEGIC ENHANCEMENTS TO U.S. INSTITUTIONAL BUSINESST. ROWE PRICE ANNOUNCES STRATEGIC ENHANCEMENTS TO U.S. INSTITUTIONAL BUSINESS PR Newswire BALTIMORE, June 22, 20
Peers Comparison
Key metrics vs top competitors for T. Rowe Price Group, Inc. (TROW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $120.16 | $26.15B | 12.99 | 3.12% | 28.53% | 17.76% | 4.25% | |
| $34.36 | $17.85B | 37.76 | 3.45% | 8.99% | 5.64% | — | |
| $27.40 | $12.17B | -17.13 | 5.11% | -3.69% | -1.74% | — | |
| $359.72 | $9.5B | 15.82 | 19.83% | 31.89% | 17.07% | — | |
| $155.15 | $1.04B | 7.77 | -8% | 14.61% | 11.15% | — | |
| $1009.43 | $156.46B | 28.50 | 18.67% | 24.4% | 10.5% | — |
Compare TROW vs Peers
T. Rowe Price Group, Inc. (TROW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TROW SEC Filings & Documents
T. Rowe Price Group, Inc. (TROW) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Apr 22, 2026·SEC
Material company update
Feb 4, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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TROW Frequently Asked Questions
T. Rowe Price Group, Inc. (TROW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is T. Rowe Price Group, Inc.'s revenue?
T. Rowe Price Group, Inc. (TROW) reported $7.41B in revenue for fiscal year 2025.
How fast is T. Rowe Price Group, Inc. growing?
T. Rowe Price Group, Inc. (TROW) grew revenue by 3.1% over the past year. Growth has been modest.
Is TROW profitable?
Yes, T. Rowe Price Group, Inc. (TROW) is profitable, generating $2.09B in net income for fiscal year 2025 (28.5% net margin).
Dividend & Returns
Does TROW pay dividends?
Yes, T. Rowe Price Group, Inc. (TROW) pays a dividend with a yield of 4.25%. This makes it attractive for income-focused investors.
What is TROW's return on equity?
T. Rowe Price Group, Inc. (TROW) has a return on equity (ROE) of 17.8%. This is reasonable for most industries.
What is T. Rowe Price Group, Inc.'s free cash flow?
T. Rowe Price Group, Inc. (TROW) generated $2.34B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.