T. Rowe Price

TROW Financials Market cap $22.6B as of Sep 14, 2026 16:00 ET S&P 500

Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 13, 2026

Revenue$1.93B +6% year over year

Operating profit$0.47B 24% margin

Net profit$0.45B 23% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.93	100%	+6%
Asset Management	1.74	90%	+4%
Administrative… Other Fee	0.14	7%	−1%
Capital… Based Income	0.04	2%
Performance… Fees	0.01	1%	−26%
Operating expenses	−1.46	76%
Operating profit	0.47	24% margin	−7pp
Other income, net	0.13
Tax	−0.15
Net profit	0.45	23% margin	−1pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.72	100%	−1%
Asset Management	1.57	91%	+0%
Administrative… Other Fee	0.15	9%	+1%
Performance… Fees	0.01	0%	−62%
Operating expenses	−1.25	72%
Operating profit	0.48	28% margin	−5pp
Other income, net	0.19
Tax	−0.16
Net profit	0.51	29% margin	+1pp

The filing's own breakdown of these costs lists a line that is not a cost, so only the total is shown.

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 13, 2026 Operating margin 24% Net profit $0.45B	Oct 1 – Dec 31, 2025	Feb 13, 2026	$1.9B	+6%	24%	$0.45B	23%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 1, 2025 Operating margin 28% Net profit $0.51B	Apr 1 – Jun 30, 2025	Aug 1, 2025	$1.7B	−1%	28%	$0.51B	29%