T. Rowe Price Group, Inc. (TROW)

T. Rowe Price Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,097	7,094	6,461	6,488	7,672	6,207
Revenue Growth (YoY)	4.43%	9.80%	-0.43%	-15.43%	23.61%	10.48%
Cost of Revenue	3,459	3,410	3,254	2,922	2,993	2,616
Gross Profit	3,639	3,684	3,206	3,566	4,679	3,590
Selling, General & Admin	1,253	1,208	1,189	1,069	936.8	844.6
Operating Expenses	1,364	1,333	1,323	1,178	936.8	844.6
Operating Income	2,274	2,351	1,883	2,389	3,742	2,746
Interest & Investment Income	521.5	493.5	519.8	-	290.5	498.5
Other Non Operating Income (Expenses)	1.8	-7.2	-15.7	-17.3	-5.9	-2
EBT Excluding Unusual Items	2,798	2,837	2,387	2,371	4,027	3,242
Merger & Restructuring Charges	-	-	-	-0.9	-31.9	-
Gain (Loss) on Sale of Investments	-	-	-	-408.2	-	-
Asset Writedown	-31.1	-31.1	-	-175.1	-	-
Other Unusual Items	13.4	13.4	103.2	161.2	-	-
Pretax Income	2,780	2,820	2,490	1,948	3,995	3,242
Income Tax Expense	661.6	683.8	654.6	498.6	896.1	718.9
Earnings From Continuing Operations	2,118	2,136	1,836	1,450	3,099	2,523
Minority Interest in Earnings	-79.7	-35.7	-47	108.3	-15.6	-150.6
Net Income	2,039	2,100	1,789	1,558	3,083	2,373
Preferred Dividends & Other Adjustments	51.9	55.8	44.4	36.1	80.5	65.3
Net Income to Common	1,987	2,044	1,744	1,522	3,002	2,307
Net Income Growth	4.65%	17.41%	14.82%	-49.47%	29.93%	11.33%
Shares Outstanding (Basic)	222	223	224	226	227	229
Shares Outstanding (Diluted)	222	223	225	227	229	231
Shares Change (YoY)	-0.87%	-0.67%	-1.01%	-0.74%	-1.04%	-3.10%
EPS (Basic)	8.96	9.18	7.78	6.73	13.25	10.08
EPS (Diluted)	8.93	9.15	7.76	6.70	13.12	9.98
EPS Growth	5.45%	17.91%	15.82%	-48.93%	31.46%	14.71%
Free Cash Flow	1,172	1,262	911.2	2,122	3,213	1,704
Free Cash Flow Per Share	5.27	5.65	4.05	9.34	14.04	7.37
Dividend Per Share	5.020	4.960	4.880	4.800	4.320	3.600
Dividend Growth	2.03%	1.64%	1.67%	11.11%	20.00%	18.42%
Gross Margin	51.27%	51.94%	49.63%	54.96%	60.98%	57.85%
Operating Margin	32.05%	33.14%	29.15%	36.81%	48.77%	44.24%
Profit Margin	27.99%	28.82%	27.00%	23.45%	39.13%	37.18%
Free Cash Flow Margin	16.51%	17.79%	14.10%	32.70%	41.88%	27.46%
EBITDA	2,746	2,824	2,365	2,859	3,947	2,935
EBITDA Margin	38.70%	39.81%	36.60%	44.07%	51.44%	47.29%
D&A For EBITDA	472	473.1	481.6	470.7	204.8	189.6
EBIT	2,274	2,351	1,883	2,389	3,742	2,746
EBIT Margin	32.04%	33.14%	29.15%	36.81%	48.77%	44.24%
Effective Tax Rate	23.80%	24.25%	26.29%	25.59%	22.43%	22.17%
Revenue as Reported	7,097	7,094	6,461	6,488	7,672	6,207
Advertising Expenses	-	129.6	114.2	97.3	100.2	83.7

Updated Aug 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q