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T. Rowe Price (TROW)

Nasdaq Financials Asset Management & Custody Banks S&P 500
$108.41
-0.30 (-0.28%)
Close of Nov 06, 2026 · end-of-day data
Source: T. Rowe Price's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$4.28B$4.85B$5.37B$5.62B$6.21B$7.67B$6.49B$6.46B$7.09B$7.31B
Operating income$1.73B$2.11B$2.36B$2.39B$2.75B$3.71B$2.37B$1.99B$2.33B$2.19B
Pre-tax income$1.96B$2.51B$2.38B$2.93B$3.24B$3.99B$1.95B$2.49B$2.82B$2.88B
Income tax$706.50M$923.90M$615.90M$678.40M$718.90M$896.10M$498.60M$654.60M$683.80M$667.20M
Net income$1.22B$1.50B$1.84B$2.13B$2.37B$3.08B$1.56B$1.79B$2.10B$2.09B
EPS (basic)$4.85$6.07$7.41$8.82$10.08$13.25$6.73$7.78$9.18$9.26
EPS (diluted)$4.75$5.97$7.27$8.70$9.98$13.12$6.70$7.76$9.15$9.24
Diluted shares250.30M245.10M246.90M238.60M231.20M228.80M227.10M224.80M223.30M220.30M
Operating margin40.5%43.4%44.0%42.5%44.2%48.4%36.6%30.7%32.9%29.9%
Net margin28.4%30.9%34.2%37.9%38.2%40.2%24.0%27.7%29.6%28.5%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.20B$1.90B$1.43B$1.78B$2.15B$1.52B$1.76B$2.07B$2.65B$3.38B
Goodwill$665.70M$665.70M$665.70M$665.70M$665.70M$2.69B$2.64B$2.64B$2.64B$2.64B
Total assets$6.22B$7.54B$7.69B$9.33B$10.66B$12.51B$11.64B$12.28B$13.47B$14.34B
Total liabilities$529.20M$718.20M$824.70M$1.11B$1.39B$2.26B$1.96B$1.99B$2.02B$2.29B
Shareholders' equity$5.01B$5.82B$6.12B$7.10B$7.71B$9.02B$8.84B$9.51B$10.35B$10.86B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$170.50M$229.50M$1.62B$1.52B$1.92B$3.45B$2.36B$1.22B$1.69B$1.75B
Capital expenditures$148.30M$186.10M$168.50M$204.60M$214.60M$239.10M$237.60M$307.90M$423.40M$274.20M
Free cash flow$22.20M$43.40M$1.45B$1.32B$1.70B$3.21B$2.12B$911.20M$1.26B$1.48B
Investing cash flow$106.20M$39.00M-$875.50M-$324.50M-$36.30M-$1.10B-$41.50M$128.20M-$177.50M$230.30M
Financing cash flow-$176.40M$461.50M-$1.24B-$832.70M-$1.49B-$2.99B-$2.08B-$1.08B-$936.60M-$1.28B
Dividends paid$540.80M$563.10M$694.30M$733.90M$845.80M$1.70B$1.11B$1.12B$1.14B$1.14B
Share buybacks$676.90M$458.10M$1.09B$705.80M$1.20B$1.14B$849.80M$254.40M$337.20M$620.90M
Stock-based compensation$161.60M$152.00M$197.10M$206.60M$246.20M$274.60M$285.40M$265.60M$247.30M$216.90M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.