PRICE T ROWE GROUP INC

Listed Company

TROWCIK 0001113169NasdaqLarge AcceleratedInvestment AdviceMarylandFY ends Dec 31

Period

FY 2025

Revenue

$7.31B

Net Income

$2.09B

Total Assets

$14.34B

Equity

$10.86B

Shares Out

214.27M

Op. Cash Flow

$1.75B

TROW$117.37+10.32% · past yearDBEQ Basic

Daily closing prices

Business

T. Rowe Price Group is a global asset management and financial services holding company offering investment advisory services to individuals, advisors, institutions, and retirement plan sponsors. The company provides equity, fixed income, multi-asset, and alternatives investment strategies through U.S. mutual funds, collective investment trusts, exchange-traded funds, separately managed accounts, subadvised funds, and other vehicles. T. Rowe Price operates across five primary distribution channels serving clients in 60 countries, with significant focus on retirement products including target-date funds and defined contribution plan services.

Summary from 10-K filed 2026-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	7,315	7,094	6,461	6,488	7,672
Compensation and related costs	2,868	2,758	2,674	2,321	2,383
Distribution and servicing costs	384	354	290	302	374
Advertising and promotion costs	107	130	114	97	100
Product and recordkeeping related costs	313	298	291	300	236
Technology, occupancy, and facility costs	724	644	633	561	485
General, administrative, and other costs	442	434	421	412	384
Change in fair value of contingent consideration	0	−13	−82	−161	0
Acquisition-related amortization and impairment costs	111	157	134	284	0
Restructuring charge	177	0	0	—	—
Total operating expenses	5,126	4,760	4,474	4,115	3,962
Net operating income	2,189	2,333	1,986	2,374	3,710
Net gains on investments	465	363	355	−205	216
Net gains on consolidated investment products	220	130	165	−204	75
Other gains (losses), including foreign currency gains (losses)	2	−7	−16	−17	−6
Total non-operating income	687	486	504	−426	285
Income before income taxes	2,876	2,820	2,490	1,948	3,995
Provision for income taxes	667	684	655	499	896
Net income	2,208	2,136	1,836	1,450	3,099
Less: net income attributable to redeemable non-controlling interests	121	36	47	−108	16
Net income attributable to T. Rowe Price Group	2,087	2,100	1,789	1,558	3,083
Basic (in dollars per share)	9.26	9.18	7.78	6.73	13.25
Diluted (in dollars per share)	9.24	9.15	7.76	6.7	13.12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	3,378	2,650	2,067	1,756	1,523
Accounts receivable and accrued revenue	931	877	808	749	1,058
Investments	3,325	3,001	2,555	2,539	2,976
Assets of consolidated investment products ($1,596.1 million at December 31, 2025 and $1,555.6 million at December 31, 2024, related to variable interest entities)	1,951	2,044	1,959	1,603	1,963
Operating lease assets	383	227	241	279	201
Property, equipment and software, net	845	977	807	756	736
Intangible assets, net	274	368	507	630	913
Goodwill	2,643	2,643	2,643	2,643	2,693
Other assets	611	686	693	689	445
Total assets	14,342	13,472	12,279	11,643	12,509
Accounts payable and accrued expenses	353	354	423	407	431
Liabilities of consolidated investment products ($14.2 million at December 31, 2025 and $46.2 million at December 31, 2024, related to variable interest entities)	21	62	54	89	52
Operating lease liabilities	447	279	309	330	249
Accrued compensation and related costs	236	220	241	228	257
Deferred compensation liabilities	1,177	1,021	895	761	883
Income taxes payable	55	87	66	46	78
Total liabilities	2,289	2,022	1,988	1,956	2,255
Commitments and contingent liabilities	—	—	—	—	—
Redeemable non-controlling interests	1,036	944	594	657	982
Preferred stock, undesignated, $0.20 par value authorized and unissued 20,000,000 shares	0	0	0	0	0
Common stock, $0.20 par value authorized 750,000,000; issued 218,565,000 shares at December 31, 2025 and 222,966,000 at December 31, 2024	44	45	45	45	46
Additional capital in excess of par value	0	312	432	438	920
Retained earnings	10,867	10,041	9,076	8,410	8,084
Accumulated other comprehensive loss	−51	−52	−48	−53	−27
Total stockholders' equity attributable to T. Rowe Price Group	10,860	10,345	9,505	8,840	9,023
Non-controlling interests in consolidated entities	157	161	192	191	249
Total permanent stockholders' equity	11,017	10,506	9,697	9,030	9,271
Total liabilities, redeemable non-controlling interests, and permanent stockholders' equity	14,342	13,472	12,279	11,643	12,509

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and impairment of property, equipment and software	406	254	255	226	205
Amortization and impairment of acquisition-related assets and retention arrangements	200	250	227	420	0
Stock-based compensation expense	217	247	266	285	275
Net gains recognized on investments	−452	−340	−461	211	−123
Net (investments) redemptions in investment products used to economically hedge deferred compensation liabilities	8	−93	56	−19	−86
Net change in securities held by consolidated investment products	−1,003	−760	−1,070	88	—
Other changes in assets and liabilities	170	6	194	−140	67
Net cash provided by operating activities	1,753	1,686	1,219	2,359	3,452
Purchases of sponsored investment products	−113	−100	−85	−55	−48
Dispositions of sponsored investment products	769	533	617	264	1,626
Net cash of investment products upon deconsolidation	−63	−16	−57	−9	−17
Additions to property, equipment and software	−274	−423	−308	−238	−239
Other investing activity	−89	−172	−38	−4	31
Net cash provided by (used in) investing activities	230	−178	128	−42	−1,098
Repurchases of common stock	−621	−337	−254	−850	−1,139
Common share issuances under stock-based compensation plans	−22	−33	−18	−36	−82
Dividends paid to common stockholders and equity-unit holders	−1,143	−1,136	−1,122	−1,107	−1,702
Net distributions to non-controlling interests in consolidated entities	−34	−37	−43	−35	0
Net subscriptions from redeemable non-controlling interest holders	543	606	359	−48	−67
Net cash used in financing activities	−1,277	−937	−1,079	−2,077	−2,989
Effect of exchange rate changes on cash and cash equivalents of consolidated investment products	−2	−2	400,000	10	3
Net change in cash and cash equivalents during year	704	569	269	251	−632

Filings

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Frequently asked questions

What is PRICE T ROWE GROUP INC's CIK number?

PRICE T ROWE GROUP INC's SEC CIK number is 0001113169 (1113169). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find PRICE T ROWE GROUP INC's SEC filings?

All of PRICE T ROWE GROUP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did PRICE T ROWE GROUP INC last report earnings?

PRICE T ROWE GROUP INC (TROW) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-028572). This is PRICE T ROWE GROUP INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is PRICE T ROWE GROUP INC's most recent earnings 8-K?

PRICE T ROWE GROUP INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001628280-26-028572. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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