Financials · Asset Management & Custody Banks
T. Rowe Price: revenue, profit and dividends
In fiscal 2025, T. Rowe Price had revenue of $7.31B, up 5.7% a year on average since 2015, and net income of $2.09B (28.5% of revenue). Its dividend per share has gone up 9 years in a row, to $5.08. It has 16% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +3.1% vs 2024
- Ticker
- TROW · Nasdaq
- Sector
- Financials
- Sub-industry
- Asset Management & Custody Banks
- Headquarters
- Baltimore, Maryland
- Founded
- 1937
- In the S&P 500 since
- July 29, 2019
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Price T Rowe Group Inc · CIK 0001113169
Revenue and net income
Revenue went from $2.23B in 2007 to $7.31B in 2025.
Diluted earnings per share
Diluted EPS went from $1.81 in 2008 to $9.24 in 2025. Ten-year growth: 7.2% a year.
Dividends per share
Raised 9 years in a row, every year from 2017 to 2025.
Shares outstanding
15.6% fewer shares in 2025 than in 2015 (261M → 220M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $1.48B in 2025, 20.2% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $7.31B | $2.09B | 28.5% | $9.24 | $5.08 | 220M | $1.75B | $274M | $1.48B |
| 2024 | $7.09B | $2.1B | 29.6% | $9.15 | $4.96 | 223M | $1.69B | $423M | $1.26B |
| 2023 | $6.46B | $1.79B | 27.7% | $7.76 | $4.88 | 225M | $1.22B | $308M | $911M |
| 2022 | $6.49B | $1.56B | 24.0% | $6.70 | $4.80 | 227M | $2.36B | $238M | $2.12B |
| 2021 | $7.67B | $3.08B | 40.2% | $13.12 | $4.32 | 229M | $3.45B | $239M | $3.21B |
| 2020 | $6.21B | $2.37B | 38.2% | $9.98 | $3.60 | 231M | $1.92B | $215M | $1.7B |
| 2019 | $5.62B | $2.13B | 37.9% | $8.70 | $3.04 | 239M | $1.52B | $205M | $1.32B |
| 2018 | $5.37B | $1.84B | 34.2% | $7.27 | $2.80 | 247M | $1.62B | $168M | $1.45B |
| 2017 | $4.85B | $1.5B | 30.9% | $5.97 | $2.28 | 245M | $230M | $186M | $43.4M |
| 2016 | $4.28B | $1.22B | 28.4% | $4.75 | $2.16 | 250M | $170M | $148M | $22.2M |
| 2015 | $4.2B | $1.22B | 29.1% | $4.63 | — | 261M | $1.53B | $151M | $1.38B |
| 2014 | $3.98B | $1.23B | 30.9% | $4.55 | — | 267M | $1.34B | $126M | $1.22B |
| 2013 | $3.48B | $1.05B | 30.1% | $3.90 | — | 266M | $1.23B | $106M | $1.13B |
| 2012 | $3.02B | $884M | 29.2% | $3.36 | — | 261M | $903M | $76.9M | $826M |
| 2011 | $2.75B | $773M | 28.1% | $2.92 | $1.24 | 263M | $948M | $82.3M | $866M |
| 2010 | $2.37B | $672M | 28.4% | $2.53 | $1.08 | 265M | $733M | $118M | $615M |
| 2009 | $1.87B | $434M | 23.2% | $1.65 | $1.00 | 262M | $536M | $134M | $402M |
| 2008 | $2.12B | $491M | 23.1% | $1.81 | $0.96 | 270M | $742M | $144M | $598M |
| 2007 | $2.23B | $671M | 30.0% | — | — | 279M | $758M | $146M | $612M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Revenue is net of interest expense (net interest income plus fees and other income), the way banks and brokers report it.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Asset Management & Custody Banks companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.