T. Rowe Price Q2 FY25: where the revenue came from and where it went
The whole income statement of T. Rowe Price for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Aug 1, 2025
Revenue$1.72B
−1% year over year
Operating profit$0.48B
28% margin
Net profit$0.51B
29% margin
Net profit is larger than what operations earned, because the statement adds $0.19B below it, under Other income, net.
The numbers
| 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 |
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