Stock research

T. Rowe Price Group, Inc. (TROW) Stock Research

T. Rowe Price is an asset manager offering actively managed mutual funds and retirement solutions.

For the fiscal year ended December 31, 2025, T. Rowe Price Group, Inc. reported revenue of $7.3B and net income of $2.1B, with operating cash flow of $1.8B. Source: Form 10-K filed February 13, 2026

SEC data as of

Revenue
$7.3B
FY ending 2025-12-31
Net income
$2.1B
FY ending 2025-12-31
Diluted EPS
$9.24
Net margin
28.5%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About T. Rowe Price

Exchange
NASDAQ: TROW
Sector
Financials
SEC industry
Investment Advice (SIC 6282)
Fiscal year end
December 31

TROW key financials

Reported figures from T. Rowe Price Group, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$7.3B2025-01-01 – 2025-12-31SEC filing
Net income$2.1B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$1.8B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$9.242025-01-01 – 2025-12-31SEC filing
Net margin28.5%2025-01-01 – 2025-12-31SEC filing
Shares outstanding218MAs of 2026-02-11SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in TROW

T. Rowe Price Group, Inc. sits in Financials. Banks, insurers, asset managers, and exchanges — the plumbing of capital markets, geared directly to interest rates and credit. We have not yet written company-specific drivers for TROW; the forces that matter most for the sector are:

  • ◆The shape of the yield curve and net interest margins
  • ◆Credit quality and loan-loss provisions
  • ◆Regulation and capital requirements
  • ◆Deal activity and market volatility

Key questions for the TROW thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does TROW's reported profit turn into cash?

Operating cash flow was $1.8B, 0.84 times net income of $2.1B, for the fiscal year ended December 31, 2025.

Cash from operations trailed reported earnings. Working-capital build (receivables, inventory, prepayments) or non-cash gains are the usual reasons; check the cash-flow statement before relying on reported profit.

Form 10-K filed February 13, 2026

How much of TROW's revenue is left as profit?

Net income was 28.5% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 13, 2026

Members-only research

What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

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Congressional trading in TROW

PoliticianTrade dateTypeOwnerAmountSource
Kevin Hern2026-03-20SaleJoint$15,001 - $50,000Filing #20034262
Julie Johnson2025-04-01SaleJoint$1,001 - $15,000Filing #20030296

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

TROW — frequently asked questions

What does T. Rowe Price Group, Inc. do?

T. Rowe Price is an asset manager offering actively managed mutual funds and retirement solutions.

What were TROW's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, T. Rowe Price Group, Inc. reported revenue of $7.3B and net income of $2.1B, with operating cash flow of $1.8B. The figures come from T. Rowe Price Group, Inc.'s SEC XBRL filings.

When does T. Rowe Price Group, Inc.'s fiscal year end?

The SEC lists T. Rowe Price Group, Inc.'s fiscal year end as December 31.

Do members of Congress trade TROW?

The current verified House and Senate snapshot contains 2 transaction rows for TROW, each linked to the original filing.

Is TROW a good investment?

This page does not rate TROW as a buy or sell. It sets out what T. Rowe Price Group, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the TROW numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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