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Companies / Financials / T. Rowe Price
TROW

T. Rowe Price

FinancialsBanks & BrokersS&P 500
Ticker TROWBALTIMORE, MDFiscal year ends DecemberBook value per share $49.65Diluted shares 221.6M

T. Rowe Price Group, Inc. (Nasdaq: TROW) is a global asset manager providing investment advisory services and related administrative services to individual investors, financial advisors, institutions, and retirement plan sponsors. Its offerings span equity, fixed income, multi-asset, and alternatives strategies,… From the company’s description.

In fiscal 2025, T. Rowe Price reported revenue of $7.31B, up 3.1% from fiscal 2024, and net income of $2.21B. Its pre-tax margin was 29.9%. Over the twelve months to Jun 30, 2026, revenue was $7.59B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$7.31BFY2025
+3.1% year over year
Last 12 mo $7.59B
29.92%FY2025
−3 percentage points
Last 12 mo 30.76%
$2.21BFY2025
+3.4% year over year
Last 12 mo $2.33B
20.47%FY2025
+0.2 percentage points
Last 12 mo 20.19%
Cash & financing
$1.75BFY2025
+4.0% year over year
Last 12 mo $1.93B
$1.48BFY2025
+17.2% year over year
Last 12 mo $1.67B
—
220.3MFY2025
−1.3% year over year
Last 12 mo 221.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What T. Rowe Price does

In the company’s own words

T. Rowe Price Group, Inc. (Nasdaq: TROW) is a global asset manager providing investment advisory services and related administrative services to individual investors, financial advisors, institutions, and retirement plan sponsors. Its offerings span equity, fixed income, multi-asset, and alternatives strategies, delivered through mutual funds, collective investment trusts, exchange-traded funds, separately managed accounts, subadvised funds, and other sponsored products. The firm also provides services including retirement-plan recordkeeping, fund accounting, transfer agency, brokerage, and trust services. Its investment advisory business is conducted primarily through subsidiaries including T. Rowe Price Associates, T. Rowe Price Investment Management, T. Rowe Price International, and Oak Hill Advisors; the filing describes the company as operating primarily as one asset management business. At December 31, 2025, it managed $1.78 trillion in assets and employed 7,773 associates. Founded in 1937 by Thomas Rowe Price, Jr., the firm offers target-date retirement products, which represented $561.4 billion of assets under management at year-end 2025. Its website is troweprice.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
BALTIMORE, MD
Fiscal year end
December
CIK
1113169
SIC
6282

Financial performance, year by year

Fiscal 2013–2025 · USD
$-767.19M$1.53B$3.84B$6.14B$8.44B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns T. Rowe Price — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

653
funds hold it
2 of 35
superinvestors hold it
$8.31B
held by funds, at market
35.6%
of shares held by funds

Superinvestors in T. Rowe Price · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.3%of 13F portfolio
Mark HillmanDECREASED -86.1%
Hillman Capital Management
0.3%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · T. Rowe Price’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
0.57%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.24%of fund net assets
iShares Select Dividend ETF
DVY · iShares Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do T. Rowe Price and its peers compare on margins and cash generation over ten years?”
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