T. Rowe PriceTROWEarnings & Financial Report
T. Rowe Price Group, Inc. is an American publicly owned global investment management firm that offers funds, subadvisory services, separate account management, and retirement plans and services for individuals, institutions, and financial intermediaries. The firm has assets under management of more than $1.51 trillion and annual revenues of $6.48 billion as of 2023, placing it 537 on the Fortune 1000 list of the largest U.S. companies.
TROW Q1 FY2026 Key Financial Metrics
Revenue
$1.9B
Gross Profit
N/A
Operating Profit
$680.5M
Net Profit
$484.1M
Gross Margin
N/A
Operating Margin
36.6%
Net Margin
26.1%
YoY Growth
-4.0%
EPS
$2.23
T. Rowe Price Q1 FY2026 Financial Summary
T. Rowe Price reported revenue of $1.9B (down 4.0% YoY) for Q1 FY2026, with a net profit of $484.1M (up 2.7% YoY) (26.1% margin).
Key Financial Metrics
| Total Revenue | $1.9B |
|---|---|
| Net Profit | $484.1M |
| Gross Margin | N/A |
| Operating Margin | 36.6% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
T. Rowe Price Q1 FY2026 revenue of $1.9B breaks down across 7 segments, led by Equity at $974.7M (52.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Equity | $974.7M | 52.5% |
| Multi-asset | $509.1M | 27.4% |
| Administrative, distribution, servicing, and other fees | $138.4M | 7.5% |
| Fixed income, including money market | $111.8M | 6.0% |
| Alternatives | $87.4M | 4.7% |
| Capital allocation-based income (1) | $28.1M | 1.5% |
| Performance-based advisory fees | $7.5M | 0.4% |
T. Rowe Price Annual Revenue by Year
T. Rowe Price annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.3B).
T. Rowe Price Quarterly Revenue & Net Profit History
T. Rowe Price results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.9B | -4.0% | $484.1M | 26.1% |
| Q4 FY2025 | $1.9B | +6.0% | $445.3M | 23.0% |
| Q3 FY2025 | $1.9B | +6.0% | $646.1M | 34.1% |
| Q2 FY2025 | $1.7B | -0.6% | $505.2M | 29.3% |
| Q1 FY2025 | $1.8B | +0.8% | $490.5M | 27.8% |
| Q4 FY2024 | $1.8B | +11.1% | $439.9M | 24.1% |
| Q3 FY2024 | $1.8B | +6.9% | $603.0M | 33.8% |
| Q2 FY2024 | $1.7B | +7.6% | $483.4M | 27.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.73B | $1.79B | $1.82B | $1.76B | $1.72B | $1.89B | $1.93B | $1.86B |
| YoY Growth | 7.6% | 6.9% | 11.1% | 0.8% | -0.6% | 6.0% | 6.0% | -4.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $13.09B | $13.71B | $13.47B | $13.99B | $14.34B | $14.73B | $14.34B | $14.39B |
| Liabilities | $2.27B | $2.49B | $2.02B | $2.46B | $2.53B | $2.76B | $2.29B | $13.42B |
| Equity | $9.93B | $10.25B | $10.35B | $10.39B | $10.56B | $10.81B | $10.86B | $974.7M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $677.7M | $652.5M | $-281.9M | $632.9M | $529.9M | $609.3M | $-18.7M |