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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 financial services holding company that provides investment advisory services through its subsidiaries to investors worldwide. The company operates at troweprice.com and manages assets for individuals, advisors, institutions, and retirement plan sponsors across more… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$7.31B
+3.1% year over year
Last 12 mo $7.59B
29.92%
−3 percentage points
Last 12 mo 30.76%
$2.21B
+3.4% year over year
Last 12 mo $2.33B
20.47%
+0.2 percentage points
Last 12 mo 20.19%
Cash & financing
$1.75B
+4.0% year over year
Last 12 mo $1.93B
$1.48B
+17.2% year over year
Last 12 mo $1.67B
—
225.9M
−1.6% 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 financial services holding company that provides investment advisory services through its subsidiaries to investors worldwide. The company operates at troweprice.com and manages assets for individuals, advisors, institutions, and retirement plan sponsors across more than 60 countries.

Founded in 1937 by Thomas Rowe Price Jr., T. Rowe Price has evolved into a premier global asset management organization with more than 85 years of experience. The company went public in 1986 and established its current corporate holding company structure in 2000. As of December 31, 2025, T. Rowe Price manages $1,775.6 billion in assets under management, representing an increase of $169.0 billion from the prior year.

The company's core business centers on investment management across four primary asset classes: equity, fixed income, multi-asset, and alternatives. T. Rowe Price distributes its investment solutions through five primary distribution channels across three geographic regions: the Americas, Europe, Middle East and Africa, and Asia Pacific. Nearly 55 percent of investment advisory fees derive from sponsored U.S. mutual funds, with the remainder earned from collective investment trusts, subadvised funds, separately managed accounts, and other sponsored products including exchange-traded funds, private investment funds, and collateralized loan obligations.

Beyond investment advisory services, T. Rowe Price provides administrative services including mutual fund transfer agent operations, fund accounting, distribution and shareholder services, defined contribution retirement plan recordkeeping, brokerage services, and trust services. The company operates through major subsidiaries including T. Rowe Price Associates, T. Rowe Price Investment Management, T. Rowe Price International Ltd, and Oak Hill Advisors.

As of December 31, 2025, T. Rowe Price employed 7,773 associates globally. The company maintains a strong corporate culture emphasizing superior long-term investment performance and world-class client service. Target date retirement products represent a significant portion of managed assets, totaling $561.4 billion or 31.6 percent of total managed assets. The company pursues strategic initiatives focused on retirement leadership, global growth in select markets, alternatives expansion, innovative partnerships, and enhanced digital client experiences.

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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