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Stocks / United States / TROW · Investment Advice · Nasdaq

Price T Rowe Group Inc. (TROW)

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Price T Rowe Group Inc. (TROW) reported revenue of $1.9 billion for Q2 FY2026, the quarter ended 30 June 2026, up 10.7% on the same quarter a year earlier. Net income was $632 million, up 25.1% on the year, and diluted earnings per share $2.88. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue$1.9 billionup 10.7%
Net income$632 millionup 25.1%
Diluted EPS$2.88
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE20.2%
ROCE21.2%
Operating margin30.8%
Net margin29.3%
FCF margin22.0%
Interest covern/a
Debt to equityn/a
Cash conversion0.87
Share count, 1 year-2.9%
Sales CAGR, 3 years4.1%
Profit CAGR, 3 years10.2%
EPS, TTM$9.96

At the close of 21 September 2026

Price$104.63
Market cap$22.3 billion
Stock P/E10.51
Price to book2.03
EV / EBITDAn/a
Dividend yield4.9%
Market cap / sales2.94
52-week high$121.68
52-week low$86.19
Price, 1 year-1.3%
Price CAGR, 3 years-0.3%
Price CAGR, 5 years-12.7%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on TROW

Filings15 in twelve months: 9 current reports (8-K), about 4 results of operations; 4 officer or director change; 1 shareholder vote
Planned insider sales2 Form 144 notices in twelve months, $1.5 million; latest 21 August 2026
Options tapeput/call 0.48 by open interest on 23 September 2026; the straddle prices a 5.1% move to 16 October 2026
Holders8 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading3 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest26.2 million shares short, 20.51 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,6711,6421,7501,7331,7861,8241,7641,7231,8941,9341,8571,907
Operating income581387587565614568596478643471680540
Operating margin35%24%34%33%34%31%34%28%34%24%37%28%
Pre-tax income584647776645826573667714882613632910
Tax rate25%27%23%25%22%27%24%22%22%25%23%24%
Net income453438574483603440490505646445498632
Net margin27%27%33%28%34%24%28%29%34%23%27%33%
Diluted EPS$1.97$1.90$2.49$2.11$2.64$1.91$2.15$2.24$2.87$1.98$2.23$2.88
Operating cash flow470-157637678652-282633530609-18.7824517
Capital expenditure93.681.910210310511382.062.263.366.762.066.4
Free cash flow376-239535574548-395551468546-85.4762451
Buybacks90.811383.111273.668.1215113154139334167
Dividends paid280280286283281285290286283284289282
Shares outstanding223m224m223m223m222m223m220m220m218m219m214m213m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue3,9824,2014,2854,8555,3735,6186,2077,6726,4886,4607,0947,3157,592
Operating income1,8911,8991,7332,1092,3612,3872,7463,7102,3741,9862,3332,1892,335
Operating margin47.5%45.2%40.5%43.4%44.0%42.5%44.2%48.4%36.6%30.7%32.9%29.9%30.8%
Pre-tax income2,0032,0021,9602,5052,3852,9273,2423,9951,9482,4902,8202,8763,036
Income tax774779706924616678719896499655684667710
Effective tax rate38.6%38.9%36.0%36.9%25.8%23.2%22.2%22.4%25.6%26.3%24.3%23.2%23.4%
Net income1,2301,2231,2151,4981,8382,1312,3733,0831,5581,7892,1002,0872,222
Net margin30.9%29.1%28.4%30.9%34.2%37.9%38.2%40.2%24.0%27.7%29.6%28.5%29.3%
Diluted EPS$4.55$4.63$4.75$5.97$7.27$8.70$9.98$13.12$6.70$7.76$9.15$9.24$9.96
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1,3441,5301702301,6201,5231,9193,4522,3591,2191,6861,7531,932
Capital expenditure126151148186168205215239238308423274258
Free cash flow1,2181,37922.243.41,4511,3181,7043,2132,1229111,2621,4791,674
Free cash flow margin30.6%32.8%0.5%0.9%27.0%23.5%27.5%41.9%32.7%14.1%17.8%20.2%22.0%
Share-based compensation133149162152197207246275285266247217210
Buybacks4169886774581,0907061,2021,138850254337621793
Dividends paid4621,0595415636947348461,7021,1071,1221,1361,1431,139
Dividend per sharen/an/a$2.16$2.28$2.80$3.04$3.60$4.32$4.80$4.88$4.96$5.08n/a
Diluted shares, weighted267m261m250m245m247m239m231m229m227m225m223m220m214m
Shares outstanding at period end261m250m245m245m238m235mn/an/an/an/a223m219m213m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets5,6445,1076,2257,5357,6899,33010,65912,50911,64312,27913,47214,34215,357
Cash and equivalents1,5061,1721,2051,9031,4251,7822,1521,5231,7562,0672,6503,3783,234
Goodwilln/a6666666666666666662,6932,6432,6432,6432,6432,643
Shareholders' equity5,3954,7625,0095,8246,1247,1027,7079,0238,8409,50510,34510,86011,002
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.7%3.3%4.1%7.0%
Profit growth, compounded5.5%-2.5%10.2%9.0%
Return on equity, average25.1%22.0%19.4%19.2%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Investment Advice

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Blackstone Inc. BX$95.1 billion28.3439.0%47.2%17.2%1.483.7%
KKR & Co. Inc. KKR$90.5 billionn/a10.2%n/a31.1%2.101.3%
Apollo Global Management, Inc. APO$73.7 billion46.518.9%20.2%41.2%0.651.6%
Ameriprise Financial Inc. AMP$47.3 billion12.9562.0%27.2%9.1%0.560.6%
Ares Management Corp. ARES$39.7 billionn/a16.0%7.5%28.5%n/a3.9%
Price T Rowe Group Inc. TROW$22.3 billion10.5120.2%30.8%7.0%n/a4.9%
Franklin Templeton Inc. BEN$17.1 billion22.886.9%9.7%7.9%0.203.8%
Invesco Ltd. IVZ$13.9 billionn/a-2.5%-7.1%12.2%0.132.7%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202631 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 202531 October 2025EDGAR
10-Q30 June 20251 August 2025EDGAR
10-Q31 March 20252 May 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 20241 November 2024EDGAR
10-Q30 June 202426 July 2024EDGAR
10-Q31 March 202426 April 2024EDGAR

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