T. Rowe Price Group (TROW) Revenue & Revenue Breakdown
T. Rowe Price Group Revenue Highlights
Latest Revenue (Y)
$6.46B
Latest Revenue (Q)
$1.73B
Main Segment (Y)
Asset Management
T. Rowe Price Group Revenue by Period
T. Rowe Price Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $6.46B | -0.43% |
| 2022-12-31 | $6.49B | -15.43% |
| 2021-12-31 | $7.67B | 23.61% |
| 2020-12-31 | $6.21B | 10.48% |
| 2019-12-31 | $5.62B | 4.57% |
| 2018-12-31 | $5.37B | 12.09% |
| 2017-12-31 | $4.79B | 13.50% |
| 2016-12-31 | $4.22B | 0.53% |
| 2015-12-31 | $4.20B | 5.49% |
| 2014-12-31 | $3.98B | 14.29% |
| 2013-12-31 | $3.48B | 15.28% |
| 2012-12-31 | $3.02B | 10.03% |
| 2011-12-31 | $2.75B | 16.05% |
| 2010-12-31 | $2.37B | 26.76% |
| 2009-12-31 | $1.87B | -11.76% |
| 2008-12-31 | $2.12B | -5.03% |
| 2007-12-31 | $2.23B | 22.77% |
| 2006-12-31 | $1.81B | 20.03% |
| 2005-12-31 | $1.51B | 18.41% |
| 2004-12-31 | $1.28B | 27.85% |
| 2003-12-31 | $998.86M | 7.89% |
| 2002-12-31 | $925.83M | -9.89% |
| 2001-12-31 | $1.03B | -15.25% |
| 2000-12-31 | $1.21B | 16.97% |
| 1999-12-31 | $1.04B | 16.96% |
| 1998-12-31 | $886.10M | 17.36% |
| 1997-12-31 | $755.00M | 28.82% |
| 1996-12-31 | $586.10M | 33.42% |
| 1995-12-31 | $439.30M | 14.88% |
| 1994-12-31 | $382.40M | 23.35% |
| 1993-12-31 | $310.00M | - |
T. Rowe Price Group generated $6.46B in revenue during NA 2023, up -0.43% compared to the previous quarter, and up 120.25% compared to the same period a year ago.
T. Rowe Price Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $1.73B | -0.97% |
| 2024-03-31 | $1.75B | 6.59% |
| 2023-12-31 | $1.64B | -1.72% |
| 2023-09-30 | $1.67B | 3.76% |
| 2023-06-30 | $1.61B | 4.72% |
| 2023-03-31 | $1.54B | 0.88% |
| 2022-12-31 | $1.52B | -4.03% |
| 2022-09-30 | $1.59B | 4.97% |
| 2022-06-30 | $1.51B | -18.79% |
| 2022-03-31 | $1.86B | -5.03% |
| 2021-12-31 | $1.96B | 0.39% |
| 2021-09-30 | $1.95B | 1.29% |
| 2021-06-30 | $1.93B | 5.61% |
| 2021-03-31 | $1.83B | 5.42% |
| 2020-12-31 | $1.73B | 8.59% |
| 2020-09-30 | $1.60B | 12.75% |
| 2020-06-30 | $1.42B | -3.23% |
| 2020-03-31 | $1.46B | -0.42% |
| 2019-12-31 | $1.47B | 2.94% |
| 2019-09-30 | $1.43B | 2.26% |
| 2019-06-30 | $1.40B | 5.12% |
| 2019-03-31 | $1.33B | 1.71% |
| 2018-12-31 | $1.30B | -6.42% |
| 2018-09-30 | $1.39B | 3.69% |
| 2018-06-30 | $1.34B | 1.28% |
| 2018-03-31 | $1.33B | 3.26% |
| 2017-12-31 | $1.29B | 5.27% |
| 2017-09-30 | $1.22B | 4.28% |
| 2017-06-30 | $1.17B | 5.21% |
| 2017-03-31 | $1.11B | 2.05% |
| 2016-12-31 | $1.09B | -0.16% |
| 2016-09-30 | $1.09B | 4.61% |
| 2016-06-30 | $1.04B | 5.09% |
| 2016-03-31 | $994.10M | -5.52% |
| 2015-12-31 | $1.05B | 0.31% |
| 2015-09-30 | $1.05B | -2.18% |
| 2015-06-30 | $1.07B | 4.42% |
| 2015-03-31 | $1.03B | 0.45% |
| 2014-12-31 | $1.02B | 0.16% |
| 2014-09-30 | $1.02B | 3.71% |
| 2014-06-30 | $984.30M | 3.11% |
| 2014-03-31 | $954.60M | 2.67% |
| 2013-12-31 | $929.80M | 5.13% |
| 2013-09-30 | $884.40M | 3.52% |
| 2013-06-30 | $854.30M | 4.73% |
| 2013-03-31 | $815.70M | 3.61% |
| 2012-12-31 | $787.30M | 2.29% |
| 2012-09-30 | $769.70M | 4.47% |
| 2012-06-30 | $736.80M | 1.11% |
| 2012-03-31 | $728.70M | 8.50% |
| 2011-12-31 | $671.60M | -1.15% |
| 2011-09-30 | $679.40M | -4.81% |
| 2011-06-30 | $713.70M | 4.59% |
| 2011-03-31 | $682.40M | 5.39% |
| 2010-12-31 | $647.50M | 10.48% |
| 2010-09-30 | $586.10M | 1.51% |
| 2010-06-30 | $577.40M | 3.81% |
| 2010-03-31 | $556.20M | 1.66% |
| 2009-12-31 | $547.10M | 9.84% |
| 2009-09-30 | $498.10M | 12.64% |
| 2009-06-30 | $442.20M | 15.01% |
| 2009-03-31 | $384.50M | -7.55% |
| 2008-12-31 | $415.90M | -25.04% |
| 2008-09-30 | $554.80M | -5.40% |
| 2008-06-30 | $586.50M | 4.90% |
| 2008-03-31 | $559.10M | -6.47% |
| 2007-12-31 | $597.80M | - |
T. Rowe Price Group generated $1.73B in revenue during Q2 2024, up -0.97% compared to the previous quarter, and up 112.73% compared to the same period a year ago.
T. Rowe Price Group Revenue Breakdown
T. Rowe Price Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Asset Management | $5.75B | $5.97B | $7.10B | $5.69B | $5.11B |
| Capital Allocation Based Income | $161.90M | $-54.30M | - | - | - |
| Administrative, Distribution, And Servicing | $550.90M | - | - | - | - |
| Administrative Service | - | $481.40M | $453.50M | $402.30M | $385.40M |
| Distribution Service | - | $92.20M | $120.30M | $111.30M | $120.00M |
T. Rowe Price Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Asset Management (88.97%), Administrative, Distribution, And Servicing (8.53%), and Capital Allocation Based Income (2.51%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital Allocation Based Income | $100.00K | $47.10M | $40.20M | $66.10M | $38.70M | $16.90M | $26.50M | $1.10M | $-126.30M | $44.40M | - | - | - | - | - | - | - | - | - | - |
| Asset Management | $1.59B | $1.55B | $4.28B | $1.46B | $1.37B | $1.44B | $1.50B | $1.66B | $1.81B | $1.81B | $1.79B | $1.69B | $1.60B | $1.47B | $1.29B | $1.33B | $1.34B | $1.30B | - | - |
| Administrative Service | $147.60M | $149.10M | $108.70M | $123.10M | $119.40M | $130.20M | $121.70M | $109.80M | $112.10M | $109.90M | $101.50M | $98.00M | $95.90M | $106.90M | $94.40M | $93.20M | - | - | - | - |
| Administrative, Distribution, And Servicing | - | $149.10M | $140.60M | $140.70M | $140.70M | $128.90M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Distribution Service | - | - | - | - | - | - | $20.70M | $22.00M | $23.20M | $26.30M | $30.30M | $30.90M | $30.00M | $29.10M | $29.20M | $28.50M | $25.70M | $27.90M | $29.60M | $30.10M |
T. Rowe Price Group's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Asset Management (91.48%), Administrative Service (8.52%), and Capital Allocation Based Income (0.01%).
T. Rowe Price Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| BK | Bank of New York Mellon | $33.73B | $4.60B |
| APO | Apollo Global Management | $32.78B | $6.02B |
| BLK | BlackRock | $18.56B | $4.97B |
| AMP | Ameriprise Financial | $15.54B | $4.39B |
| KKR | KKR | $14.50B | $4.56B |
| PFG | Principal Financial Group | $13.67B | $4.31B |
| STT | State Street | $11.95B | $5.45B |
| TROW | T. Rowe Price Group | $6.46B | $1.73B |
| IVZ | Invesco | $5.72B | $1.48B |
| CG | Carlyle Group | $2.96B | $1.07B |
| ARCC | Ares Capital | $2.08B | $767.00M |
| PSEC | Prospect Capital | $770.31M | $183.93M |
| MAIN | Main Street Capital | $500.38M | $141.46M |
| HTGC | Hercules Capital | $426.50M | $117.53M |
| GAIN | Gladstone Investment | $117.56M | $20.63M |
| PFLT | PennantPark Floating Rate Capital | $42.16M | $27.30M |
| FSK | FS KKR Capital | - | $439.00M |
| BX | Blackstone | - | $2.87B |
TROW Revenue FAQ
What is T. Rowe Price Group’s yearly revenue?
T. Rowe Price Group's yearly revenue for 2023 was $6.46B, representing a decrease of -0.43% compared to 2022. The company's yearly revenue for 2022 was $6.49B, representing a decrease of -15.43% compared to 2021. TROW's yearly revenue for 2021 was $7.67B, representing an increase of 23.61% compared to 2020.
What is T. Rowe Price Group’s quarterly revenue?
T. Rowe Price Group's quarterly revenue for Q2 2024 was $1.73B, a -0.97% decrease from the previous quarter (Q1 2024), and a 7.65% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $1.75B, a 6.59% increase from the previous quarter (Q4 2023), and a 13.83% increase year-over-year (Q1 2023). TROW's quarterly revenue for Q4 2023 was $1.64B, a -1.72% decrease from the previous quarter (Q3 2023), and a 7.73% increase year-over-year (Q4 2022).
What is T. Rowe Price Group’s revenue growth rate?
T. Rowe Price Group's revenue growth rate for the last 3 years (2021-2023) was -15.79%, and for the last 5 years (2019-2023) was 15.00%.
What are T. Rowe Price Group’s revenue streams?
T. Rowe Price Group's revenue streams in c 23 are Asset Management, Capital Allocation Based Income, and Administrative, Distribution, And Servicing. Asset Management generated $5.75B in revenue, accounting 88.97% of the company's total revenue, down -3.71% year-over-year. Capital Allocation Based Income generated $161.9M in revenue, accounting 2.51% of the company's total revenue, down -398.16% year-over-year. Administrative, Distribution, And Servicing generated $550.9M in revenue, accounting 8.53% of the company's total revenue
What is T. Rowe Price Group’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of T. Rowe Price Group was Asset Management. This segment made a revenue of $5.75B, representing 88.97% of the company's total revenue.