T. Rowe Price Group, Inc. logo TROW - T. Rowe Price Group, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 24
SELL 6
STRONG
SELL
0
| PRICE TARGET: $101.20 DETAILS
HIGH: $110.00
LOW: $89.00
MEDIAN: $104.00
CONSENSUS: $101.20
DOWNSIDE: 2.12%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 7,314.8 7,093.6 6,460.5 6,488.4 7,671.9 6,206.7 5,617.9 5,372.6 4,854.9 4,284.8 4,200.6 3,982.1 3,484.2 3,022.5 2,757.8 2,367.2 1,867.4 2,116.3 2,228.3 1,815 1,512.2 1,277.0 998.9 924 995 1,154 1,036.4 886.1 755 586.1 439.3 382.4 310
Cost of Revenue 2,730.7 3,409.5 3,254.4 2,922.4 2,993.2 2,616.4 2,384.9 2,246.9 2,073.5 1,867.1 1,595.1 1,473.2 1,274.1 1,143.7 1,044.4 903.6 102.4 101.8 92.1 189.9 174.2 153.2 143.3 0 0 0 0 0 0 0 0 0 0
Gross Profit 4,584.1 3,684.1 3,206.1 3,566 4,678.7 3,590.3 3,233 3,125.7 2,781.4 2,417.7 2,605.5 2,508.9 2,210.1 1,878.8 1,713.4 1,463.6 1,765 2,014.5 2,136.2 1,625.1 1,338.0 1,123.9 855.6 924 995 1,154 1,036.4 886.1 755 586.1 439.3 382.4 310
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 2,280.1 1,207.5 1,168.1 1,070 968.7 844.6 846 779.5 722.6 618.1 238.9 219.9 222.8 213.2 205.8 196 846.6 919.7 905.1 97.3 86.1 74.3 59.0 59.1 64.6 88.2 74.1 73.0 320.7 237.7 178.2 160.6 87.8
Other Expenses 115.2 143.3 51.8 122.3 0 0 0 (15.2) (50) 66.2 467.7 398.1 349.9 301.3 270 231.1 216.8 246.3 234.7 930.8 771.1 677.5 572.0 543.9 619.4 656.8 547.3 500.3 434.3 348.4 261.1 221.8 222.2
Operating Expenses 2,395.3 1,350.8 1,219.9 1,192.3 968.7 844.6 846 764.3 672.6 684.3 706.6 618 572.7 514.5 475.8 427.1 1,063.4 1,166 1,139.8 1,028.1 857.2 751.8 631 603 684 745 621.4 573.3 755 586.1 439.3 382.4 310
Operating Income
Operating Income 2,188.8 2,333.3 1,986.2 2,373.7 3,710 2,745.7 2,387 2,361.4 2,108.8 1,733.4 1,898.9 1,890.9 1,637.4 1,364.3 1,226.9 1,036.5 701.6 848.5 996.4 786.9 655 525.3 365 321 311 409 414.9 312.8 924.5 747 556.7 483 441.3
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 497.4 59.4 45.9 15.4 133.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 2,878.1 2,980.8 2,519.6 3,141.8 3,914.8 2,935.3 2,577.8 2,505.7 2,202.4 1,933 2,025.2 2,002.6 1,728 1,445.2 1,299.3 1,099.5 767.3 910.8 1,050.4 833.4 697.3 565.3 365 924 311 409 448.3 346.2 953.5 765.1 571.3 493.1 449.3
EBIT 2,446.1 2,476.6 2,038 2,496 3,710 2,745.7 2,387 2,346.2 2,058.8 1,799.6 1,898.9 1,890.9 1,637.4 1,364.3 1,226.9 1,036.5 701.6 848.5 996.4 786.9 655 525.3 365 924 311 409 414.9 312.8 924.5 747 556.7 483 441.3
Income Before Tax 2,875.5 2,819.6 2,490.3 1,948.2 3,994.6 3,242.2 2,927.3 2,384.6 2,505.1 1,960.5 2,002.4 2,003.1 1,700.4 1,435.1 1,250.6 1,070 688.9 796.2 1,076.8 858.3 679.4 533.8 365.5 309.6 330.6 458.2 414.8 312.8 245.6 171.1 130.8 107.8 84.2
Income Tax Expense 667.2 683.8 654.6 498.6 896.1 718.9 678.4 615.9 923.9 706.5 779.4 773.5 652.7 551.5 477.4 397.8 255.3 305.4 406.2 328.7 248.4 196.5 138.0 115.3 135.1 174.8 155.2 118.7 101.2 72.6 54.3 46.6 35.3
Net Income 2,087.1 2,100.1 1,788.7 1,557.9 3,082.9 2,372.7 2,131.3 1,837.5 1,497.8 1,215 1,223 1,229.6 1,047.7 883.6 773.2 672.2 433.6 490.8 670.6 529.6 431 337.3 227 194 196 269 239.4 174.1 144.4 98.5 75.5 61.2 48.6
Per Share Data
EPS (Basic) 9.26 9.18 7.78 6.73 13.25 10.08 8.82 7.41 6.07 4.85 4.74 4.68 4.02 3.47 3.01 2.60 1.69 1.89 2.53 2.01 1.65 1.33 0.92 0.79 0.80 1.11 1.00 0.73 0.62 0.43 0.33 0.27 0.21
EPS (Diluted) 9.25 9.15 7.76 6.70 13.12 9.98 8.70 7.27 5.97 4.75 4.63 4.55 3.90 3.36 2.92 2.53 1.65 1.82 2.40 1.90 1.58 1.25 0.88 0.76 0.76 1.04 0.93 0.67 0.56 0.40 0.31 0.25 0.20
Shares Outstanding 223.8 222.8 224.1 226 226.6 228.8 235.4 242.2 241.2 245.5 254.6 259.6 258.3 253.4 255.6 257.2 255.9 259.3 264.8 263.8 260.5 254.8 246.7 245.6 246.5 242.3 240.6 238.5 232.9 229.1 232.3 230.9 237.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 3,378.2 2,649.8 2,066.6 1,755.6 1,523.1 2,151.7 1,781.8 1,425.2 1,902.7 1,204.9 743.3 619.1 499.8 236.5 111.4 79.7 80.5 0 0 0 0 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 329.2 0 216.1 123.2 190.4 233.9 192.9 173.7 168.6 149.6 121.7 97
Net Receivables 714.4 877.4 807.9 748.7 1,058.3 863.1 646.6 549.6 565.3 455.1 246.2 177.3 158.3 121.3 96.8 104.0 131.0 0 100.7 86.8 73.2 55.8 46.7 43.1
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 98.6 0 0 0 0 0 0 0 0
Total Current Assets 4,092.6 3,527.2 2,874.5 2,504.3 2,581.4 3,014.8 2,428.4 1,974.8 2,468 1,660 989.5 796.4 987.3 357.8 424.3 405.6 402.0 233.9 293.6 260.5 241.8 205.4 168.4 140.1
Non-Current Assets
Property, Plant & Equipment 1,228.2 1,203.8 1,047.7 1,035.1 937.4 813 785.2 661.3 652 615.1 512.8 440.1 203.8 201.1 215.6 241.8 255.7 210.3 166.6 142.5 101.2 60.2 49.3 39.8
Goodwill 0 2,642.8 2,642.8 2,642.8 2,693.2 665.7 665.7 665.7 665.7 665.7 665.7 665.7 665.7 665.7 665.7 665.7 695.0 2.5 3.2 0 0 0 0 0
Intangible Assets 2,917 368.1 507.3 629.8 913.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.9 21.3 18.2 7.8 9.8
Long-Term Investments 5,276.2 4,051.7 3,707.4 3,381.9 4,938.3 5,946.3 5,216.7 4,133.8 3,525.7 2,862.6 905.8 721.4 329.2 273.2 216.1 123.2 250.2 0 0 0 0 0 0 0
Other Non-Current Assets 639.7 1,678.4 1,499.1 1,378.2 433.4 194.2 202.6 253.7 180.8 421.6 (91.8) 195.8 (1,198.7) (273.2) (1,097.4) (123.2) (1,200.9) (2.5) (3.2) (150.4) (122.5) (78.4) (57.1) (49.6)
Total Non-Current Assets 10,513.7 9,944.8 9,404.3 9,067.8 9,915.7 7,619.2 6,870.2 5,714.5 5,024.2 4,565 2,220.8 2,023 1,198.7 866.8 946.1 907.5 1,067.5 210.3 166.6 150.4 122.5 78.4 57.1 49.6
Total Assets 14,606.3 13,472 12,278.8 11,643.3 12,509 10,659 9,330.4 7,689.3 7,535.4 6,225 3,210.3 2,819.4 1,928.8 1,546.6 1,370.4 1,313.1 1,469.5 998 796.8 646.1 478.8 365.3 297.3 263.4
Current Liabilities
Account Payables 0 353.5 422.9 406.7 431 100.2 214.5 228.5 216.2 180.8 79.9 86.8 54.2 47.7 43.9 37.4 56.9 37.7 0 0 0 0 0 0
Short-Term Debt 56 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 56 440.6 489.1 452.7 508.9 272.7 246.3 282.7 284.5 220.1 166.8 172.8 131.1 121.2 43.9 131.4 56.9 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 413 0 0 0 0 0 0 0 0 0 0 0 0 0 55.9 103.9 312.3 17.7 0 0 0 0 13.4 16.7
Deferred Tax Liabilities 264.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,428.4 1,302.6 1,190 1,174.1 1,497.2 963.5 714.7 542 433.7 309.1 161.3 157.8 139.6 133.4 101.6 50.2 42.5 47.4 182.5 109.6 94.9 69.5 51.4 41.6
Total Non-Current Liabilities 2,497.1 1,581.3 1,498.5 1,503.7 1,746.4 1,117.6 861 542 433.7 309.1 161.3 157.8 139.6 133.4 157.5 154.1 354.8 65.1 182.5 109.6 94.9 69.5 64.8 58.3
Total Liabilities 2,553.1 2,021.9 1,987.6 1,956.4 2,255.3 1,390.3 1,107.3 824.7 718.2 529.2 328.1 330.6 231.5 218 236 235.3 478 167.6 182.5 109.6 94.9 69.5 64.8 58.3
Stockholders' Equity
Common Stock 43.8 44.6 44.8 44.9 45.8 45.6 47 47.6 49 49 51.7 51.4 25.9 25.0 24.5 24.6 24.5 24 0 0 0 0 0 0
Retained Earnings 10,866.8 10,040.6 9,076.1 8,409.7 8,083.6 7,029.8 6,443.5 5,464.1 4,932.9 4,293.6 2,240.1 2,086.8 1,378.9 1,143.9 1,019.9 973.5 852.8 649.4 517.6 415.3 306.6 252.9 206 183.6
Accumulated Other Comprehensive Income (50.5) (51.7) (47.5) (53) (26.5) (23) (43) (42) (3.6) 11.5 101.9 (13.1) 41.7 28.8 8.6 11.8 32.9 0 0 0 0 0 0 0
Total Stockholders' Equity 10,860.1 10,345.4 9,505.1 8,839.5 9,022.7 7,707 7,102.1 6,124.3 5,824.4 5,008.6 2,882.2 2,488.8 1,697.3 1,329 1,134 1,078 991 770.2 614.3 486.7 345.7 274.2 216.2 196
Total Liabilities & Equity 14,606.3 13,472 12,278.8 11,643.3 12,509 10,659 9,330.4 7,689.3 7,535.4 6,225 3,210.3 2,819.4 1,928.8 1,546.6 1,370.4 1,313.1 1,469.5 998 796.8 646.1 478.8 365.3 297.3 263.4
Debt Metrics
Total Debt 860.2 278.7 308.5 329.6 249.2 154.1 146.3 0 303.9 357.6 0 0 0 0 55.9 103.9 312.3 17.7 0 0 0 0 13.4 16.7
Net Debt (2,518) (2,371.1) (1,758.1) (1,426) (1,273.9) (1,997.6) (1,635.5) (1,425.2) (1,902.7) (1,204.9) (743.3) (619.1) (499.8) (236.5) (55.5) 24.1 231.8 (340.8) 0 0 0 0 13.4 16.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 2,208.3 2,135.8 1,835.7 1,449.6 3,098.5 2,523.3 2,248.9 1,768.7 1,581.2 1,254 431 337.3 227.5 194.3 195.9 269.0 239.4 174.1 144.4 98.5 76.5 61.2 48.9
Depreciation & Amortization 605.5 504.2 481.6 645.8 204.8 189.6 190.8 159.5 143.6 133.4 42.3 40.0 45.3 50.6 80.5 53.7 33.4 33.4 29 18.1 14.6 10.1 8
Stock-Based Compensation 216.9 247.3 265.6 285.4 274.6 246.2 206.6 197.1 152 161.6 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 169.8 5.5 193.6 (139.9) 67.4 91.1 109.6 111.6 220.6 3.4 63.1 (3.0) 24.2 24.5 0 (9.7) 9.4 24.6 10.4 20 (6) (3.8) (3.4)
Other Non-Cash Items (1,447.1) (1,207.2) (1,557.4) 118.5 (193.3) (1,131.3) (1,233.2) (617) (1,867.9) (1,381.9) 3.2 0 0.0 (0.3) 13.6 9.9 26.0 32.4 14 4.6 16 43.6 (15.2)
Operating Cash Flow 1,753.4 1,685.6 1,219.1 2,359.4 3,452 1,918.9 1,522.7 1,619.9 229.5 170.5 539.5 374.3 297.0 269.3 290.4 323 296.9 232 197.8 141.2 101.8 111.1 38.3
Investing Activities
Capital Expenditure (274.2) (423.4) (307.9) (237.6) (239.1) (214.6) (204.6) (168.5) (186.1) (148.3) (51.8) (43.1) (31.7) (26.0) (41.4) (85.6) (77.4) (56.6) (70.1) (58.8) (23.9) (17.4) (12.2)
Acquisitions 0 0 0 0 (2,450.8) 0 0 0 0 0 0 0 0 0 0 (783.2) 0 0 0 0 0 0 0
Purchases of Investments (176) (115.9) (142.1) (63.8) (64.9) (326.3) (258.1) (1,147.8) (104.1) (0.3) (71.3) (79.8) (96.0) (15.5) (36.0) (61.4) (51.9) (35.7) (28.7) (21.3) (20.5) (42.8) (33.9)
Sales/Maturities of Investments 769.1 533.4 616.6 263.6 1,625.8 454.1 131.4 352.4 336.6 260.5 71.5 43.6 74.1 7.3 89.0 67.1 1.3 21.7 14.2 3.6 6.8 5.1 1.9
Other Investing Activities (88.6) (171.6) (38.4) (3.7) 30.9 50.5 6.8 88.4 (7.4) (5.7) (39.5) 3.4 0 (60.6) (20.6) 2.0 9.9 2.9 4.9 7.2 2.1 1.6 34.6
Investing Cash Flow 230.3 (177.5) 128.2 (41.5) (1,098.1) (36.3) (324.5) (875.5) 39 106.2 (91.6) (75.9) (53.7) (95.0) (9.0) (861.1) (118.2) (67.6) (79.7) (69.3) (35.5) (53.5) (9.6)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 (56.7) (49.4) (205) 295 15.0 0 0 0 (12.6) (0.3) (0.3)
Stock Repurchased (620.9) (370.5) (272.4) (849.8) (1,138.5) (1,201.9) (705.8) (1,090.4) (458.1) (676.9) (75.9) (18.3) (20.0) (95.8) (30.9) 0 (67.4) (36.4) (9.7) (19.7) 0 0 (2.3)
Dividends Paid (1,143) (1,135.6) (1,121.7) (1,107.4) (1,701.9) (845.8) (733.9) (694.3) (563.1) (540.8) (119.5) (96.2) (83.7) (78.7) (73.8) (62.9) (48.2) (40.4) (30.1) (24.1) (18.3) (15.1) (12.1)
Other Financing Activities 508.8 569.5 315.5 (119.7) (148.4) 557.5 523.7 470.4 1,281.6 915 3.4 4.2 15.0 55.9 14.5 9.0 (13.5) (17.0) (7.6) 0 (4.3) (2) (4.7)
Financing Cash Flow (1,277.4) (936.6) (1,078.6) (2,076.9) (2,988.8) (1,486.3) (832.7) (1,239.5) 461.5 (176.4) (144.0) (35.2) (118.2) (142.7) (282.2) 260.4 (104.2) (81.0) (32.3) (38.7) (44.9) (43.8) (16.4)
Cash Position
Net Change in Cash 704.4 569.1 269.1 250.5 (632.3) 398.2 363 (510.5) 735.3 98.2 303.8 263.2 125.1 31.7 (0.8) (277.9) 74.7 (81) (32.3) (38.7) (44.9) (43.8) (16.4)
Cash at Beginning 2,712.9 2,143.8 1,874.7 1,624.2 2,256.5 1,858.3 1,495.3 2,005.8 1,270.5 1,172.3 499.8 236.5 111.4 79.7 80.5 358.5 283.8 200.4 114.6 81.4 60 46.2 34
Cash at End 3,417.3 2,712.9 2,143.8 1,874.7 1,624.2 2,256.5 1,858.3 1,495.3 2,005.8 1,270.5 803.6 499.8 236.5 111.4 79.7 80.5 358.5 119.4 82.3 42.7 15.1 2.4 17.6
Free Cash Flow 1,479.2 1,262.2 911.2 2,121.8 3,212.9 1,704.3 1,318.1 1,451.4 43.4 22.2 487.7 331.2 265.2 243.3 249.0 237.1 219.5 175.4 127.7 82.4 77.9 93.7 26.1
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 7,314.8 7,093.6 6,460.5 6,488.4 7,671.9 6,206.7 5,617.9 5,372.6 4,854.9 4,284.8 4,200.6 3,982.1 3,484.2 3,022.5 2,757.8 2,367.2 1,867.4 2,116.3 2,228.3 1,815 1,512.2 1,277.0 998.9 924 995 1,154 1,036.4 886.1 755 586.1 439.3 382.4 310
Gross Profit 4,584.1 3,684.1 3,206.1 3,566 4,678.7 3,590.3 3,233 3,125.7 2,781.4 2,417.7 2,605.5 2,508.9 2,210.1 1,878.8 1,713.4 1,463.6 1,765 2,014.5 2,136.2 1,625.1 1,338.0 1,123.9 855.6 924 995 1,154 1,036.4 886.1 755 586.1 439.3 382.4 310
Operating Income 2,188.8 2,333.3 1,986.2 2,373.7 3,710 2,745.7 2,387 2,361.4 2,108.8 1,733.4 1,898.9 1,890.9 1,637.4 1,364.3 1,226.9 1,036.5 701.6 848.5 996.4 786.9 655 525.3 365 321 311 409 414.9 312.8 924.5 747 556.7 483 441.3
Net Income 2,087.1 2,100.1 1,788.7 1,557.9 3,082.9 2,372.7 2,131.3 1,837.5 1,497.8 1,215 1,223 1,229.6 1,047.7 883.6 773.2 672.2 433.6 490.8 670.6 529.6 431 337.3 227 194 196 269 239.4 174.1 144.4 98.5 75.5 61.2 48.6
EPS (Diluted) 9.25 9.15 7.76 6.70 13.12 9.98 8.70 7.27 5.97 4.75 4.63 4.55 3.90 3.36 2.92 2.53 1.65 1.82 2.40 1.90 1.58 1.25 0.88 0.76 0.76 1.04 0.93 0.67 0.56 0.40 0.31 0.25 0.20
Balance Sheet
Cash & Equivalents 3,378.2 2,649.8 2,066.6 1,755.6 1,523.1 2,151.7 1,781.8 1,425.2 1,902.7 1,204.9 743.3 619.1 499.8 236.5 111.4 79.7 80.5 0 0 0 0 0 0 0
Total Assets 14,606.3 13,472 12,278.8 11,643.3 12,509 10,659 9,330.4 7,689.3 7,535.4 6,225 3,210.3 2,819.4 1,928.8 1,546.6 1,370.4 1,313.1 1,469.5 998 796.8 646.1 478.8 365.3 297.3 263.4
Total Debt 860.2 278.7 308.5 329.6 249.2 154.1 146.3 0 303.9 357.6 0 0 0 0 55.9 103.9 312.3 17.7 0 0 0 0 13.4 16.7
Stockholders' Equity 10,860.1 10,345.4 9,505.1 8,839.5 9,022.7 7,707 7,102.1 6,124.3 5,824.4 5,008.6 2,882.2 2,488.8 1,697.3 1,329 1,134 1,078 991 770.2 614.3 486.7 345.7 274.2 216.2 196
Cash Flow
Operating Cash Flow 1,753.4 1,685.6 1,219.1 2,359.4 3,452 1,918.9 1,522.7 1,619.9 229.5 170.5 539.5 374.3 297.0 269.3 290.4 323 296.9 232 197.8 141.2 101.8 111.1 38.3
Capital Expenditure (274.2) (423.4) (307.9) (237.6) (239.1) (214.6) (204.6) (168.5) (186.1) (148.3) (51.8) (43.1) (31.7) (26.0) (41.4) (85.6) (77.4) (56.6) (70.1) (58.8) (23.9) (17.4) (12.2)
Free Cash Flow 1,479.2 1,262.2 911.2 2,121.8 3,212.9 1,704.3 1,318.1 1,451.4 43.4 22.2 487.7 331.2 265.2 243.3 249.0 237.1 219.5 175.4 127.7 82.4 77.9 93.7 26.1