T. Rowe Price Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	6,832	6,721	6,506	5,910	5,915	7,098
Other Revenues	576	593.9	588	550.9	573.6	573.8
Revenue	7,408	7,315	7,094	6,461	6,488	7,672
Revenue Growth (YoY)	4.23%	3.12%	9.80%	-0.43%	-15.43%	23.61%
Cost of Revenue	3,556	3,565	3,410	3,254	2,922	2,993
Gross Profit	3,852	3,750	3,684	3,206	3,566	4,679
Selling, General & Admin	1,291	1,273	1,208	1,168	1,070	968.7
Other Operating Expenses	287.9	288.6	143.3	51.8	122.3	-
Operating Income	2,273	2,189	2,333	1,986	2,374	3,710
Total Non-Operating Income (Expense)	567.7	686.7	486.3	504.1	-425.5	284.6
Pretax Income	2,841	2,876	2,820	2,490	1,948	3,995
Provision for Income Taxes	653.4	667.2	683.8	654.6	498.6	896.1
Net Income	2,095	2,087	2,100	1,789	1,558	3,083
Minority Interest in Earnings	92.5	121.2	35.7	47	-108.3	15.6
Net Income to Common	2,095	2,087	2,100	1,789	1,558	3,083
Net Income Growth	3.87%	-0.62%	17.41%	14.82%	-49.47%	29.93%
Shares Outstanding (Basic)	219	220	223	224	226	227
Shares Outstanding (Diluted)	219	220	223	225	227	229
Shares Change (YoY)	-1.74%	-1.34%	-0.67%	-1.01%	-0.74%	-1.04%
EPS (Basic)	9.34	9.26	9.18	7.78	6.73	13.25
EPS (Diluted)	9.33	9.24	9.15	7.76	6.70	13.25
EPS Growth	5.78%	0.98%	17.91%	15.82%	-49.43%	31.45%
Shares Outstanding	214.88	218.57	222.97	223.94	224.31	229.18
Free Cash Flow	1,691	1,479	1,262	911.2	2,122	3,213
Free Cash Flow Growth	14.29%	17.19%	38.52%	-57.05%	-33.96%	88.52%
Free Cash Flow Per Share	7.72	6.71	5.65	4.05	9.34	14.04
Dividends Per Share	5.110	5.080	4.960	4.880	4.800	4.320
Dividend Growth	0.59%	2.42%	1.64%	1.67%	11.11%	20.00%
Gross Margin	51.78%	51.27%	51.94%	49.63%	54.96%	60.98%
Operating Margin	30.68%	29.92%	32.89%	30.74%	36.58%	48.36%
Profit Margin	12.75%	30.19%	30.11%	28.41%	22.34%	40.39%
FCF Margin	22.82%	20.22%	17.79%	14.10%	32.70%	41.88%
EBITDA	2,869	2,794	2,838	2,468	3,020	3,915
EBITDA Margin	38.72%	38.20%	40.00%	38.20%	46.54%	51.03%
EBIT	2,273	2,189	2,333	1,986	2,374	3,710
EBIT Margin	30.68%	29.92%	32.89%	30.74%	36.58%	48.36%
Effective Tax Rate	23.00%	23.20%	24.25%	26.29%	25.59%	22.43%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q