T. Rowe Price Group, Inc.
TROW · Price history
Price at last available close
$104.00
−$0.51 (-0.49%) 1M
2026-10-28
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Company & revenue
About T. Rowe Price Group, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
T. Rowe Price Group, Inc. operates as a publicly traded entity specializing in investment management. The firm extends its financial expertise to a diverse range of clients, including individual investors, institutional organizations, retirement benefit plans, and financial intermediaries.
How they make money
T. Rowe Price Group, Inc. is a global investment management firm that generates revenue primarily through investment advisory fees charged to its mutual funds, sub-advised funds, separate accounts, and other investment products. The company earns these fees based on the value of assets under management (AUM) and provides these services through its various subsidiaries, including T. Rowe Price Associates, T. Rowe Price Investment Management, and Oak Hill Advisors.
Products & services
The company provides investment management services, including mutual funds, sub-advised funds, separate account management, and retirement plan services for individual and institutional investors.
Brands & revenue mix
The primary brand under which the company offers its investment advisory and retirement services.
Separate brand revenue is not available in this research.Source
A subsidiary brand focused on alternative credit and private market investments.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company does not have a single client that accounts for 10% or more of its total consolidated net revenues as of December 31, 2025.
Suppliers, materials & equipment
- Technology and Data Service Providers — The company relies on various third-party vendors for technology infrastructure, market data, and administrative services to support its investment operations.Source
Competitors
- BlackRock, Inc. — A global investment management firm that competes across various asset classes and investment strategies.Source
- The Vanguard Group, Inc. — A major provider of mutual funds and ETFs that competes for individual and institutional assets.Source
- Fidelity Investments — A diversified financial services company competing in investment management and retirement services.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
56
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
63
Fair
Financial Strength
56
Business Quality / Moat
42
Management
100
Growth Quality
39
Risk / Durability
95
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
65
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
59/100
Building Historical Record
Model Score 59/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
- •Recent buyback activity is present
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for TROW
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can TROW maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is TROW's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is TROW likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •Is TROW's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
56
Opportunity Score
65
Market Cap
$22.18B
P/E Ratio
10.6
EPS
$9.98
52-Week High
$122.00
52-Week Low
$85.22
Beta
1.48
Intrinsic Value
$166.21
Analyst Target
$110.00
Shares Outstanding
223.8M
Total Revenue
$7.59B
Total Debt
$429.4M
Dividend Yield (TTM)
4.97%
Liquidation Value / Share
$54.40
Dividend / Share (TTM)
$5.17
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for TROW
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on TROW.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Strong brand reputation and long-standing investment track record.
- +Diversified investment capabilities across equity, fixed income, and alternative assets.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Asset Management industry.
- −Market volatility and its impact on assets under management and fee revenue.
- −Regulatory changes and compliance requirements in the financial services industry.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
2 historical score records availablePrevious Score
50
Jul 24, 2026
Change
+5.9
points
Current Score
56
Oct 1, 2026
Category Changes
TROW increased 5.9 points because Revenue improved by 4.5 points, Asset improved by 2.9 points, Valuation improved by 29.7 points.
Positive Contributors
- + Revenue improved by 4.5 points
- + Asset improved by 2.9 points
- + Valuation improved by 29.7 points
- + Buffett improved by 4.2 points
Projected Score
Projected Score
58
Projected Change
+2.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$104.00
Model Intrinsic Value
$166.21
Difference
−$62.21
-37.4% vs IV
Margin of Safety
37.4%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.59B | $7.31B | $7.09B | $6.46B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $2.22B | $2.73B | $3.41B | $3.25B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $5.37B | $4.58B | $3.68B | $3.21B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $2.46B | $2.28B | $1.21B | $1.17B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $3.07B | $2.40B | $1.35B | $1.22B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $2.85B | $2.88B | $2.98B | $2.52B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $2.30B | $2.19B | $2.33B | $1.99B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $3.04B | $2.88B | $2.82B | $2.49B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $709.9M | $667.2M | $683.8M | $654.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $2.22B | $2.09B | $2.10B | $1.79B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $9.98 | $9.26 | $9.18 | $7.78 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 214M | 224M | 223M | 224M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 214M | 224M | 223M | 225M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.91B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$2.88
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-9.6%
Cash Change
+5.7%
Margin Change
+3.8 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
- Debt reduced
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 10.7%. EPS increased 28.6%. Cash increased 5.7%. Total debt declined 9.6%. Net income margin improved by 3.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
24
Smart Money
24
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
2 historical records2 historical score records available.
Historical Score Chart
2 of 2 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
Jim Cramer's Case for “Accidental High Yielders” When the Fed Shakes the Market
T. Rowe Price (TROW) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
The Tax Math That Makes These High-Yield Dividend Stocks Worth Much More Annually Inside a Roth
These 2 Finance Stocks Could Beat Earnings: Why They Should Be on Your Radar
Rumor Mill · TROW
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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