T. Rowe Price Group (TROW) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

T. Rowe Price Group Revenue Highlights

Latest Revenue (Y)

$6.46B

Latest Revenue (Q)

$1.79B

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
2024-09-30	$1.79B	3.02%
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 $1.79B in revenue during Q3 2024, up 3.02% compared to the previous quarter, and up 110.89% 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
Capital Allocation Based Income	$161.90M	$-54.30M	-	-	-
Asset Management	$5.75B	$5.97B	$7.10B	$5.69B	$5.11B
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	Sep 24	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
Asset Management	$1.63B	$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	-	-
Administrative Service	$148.10M	$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	-	-	-	-
Capital Allocation Based Income	$4.60M	$100.00K	$47.10M	$40.20M	$66.10M	$38.70M	$16.90M	$26.50M	$1.10M	$-126.30M	$44.40M	-	-	-	-	-	-	-	-	-
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

T. Rowe Price Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Asset Management (91.45%), Administrative Service (8.29%), and Capital Allocation Based Income (0.26%).

T. Rowe Price Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BK	Bank of New York Mellon	$33.73B	$10.22B
APO	Apollo Global Management	$32.78B	$7.77B
BLK	BlackRock	$18.56B	$4.97B
AMP	Ameriprise Financial	$15.54B	$4.56B
KKR	KKR	$14.50B	$6.11B
PFG	Principal Financial Group	$13.67B	$3.01B
STT	State Street	$11.95B	$5.62B
TROW	T. Rowe Price Group	$6.46B	$1.79B
IVZ	Invesco	$5.72B	$1.52B
CG	Carlyle Group	$2.96B	$1.83B
ARCC	Ares Capital	$2.08B	$637.00M
PSEC	Prospect Capital	$770.31M	$151.47M
MAIN	Main Street Capital	$500.38M	$136.82M
HTGC	Hercules Capital	$426.50M	$119.05M
GAIN	Gladstone Investment	$117.56M	$21.00M
PFLT	PennantPark Floating Rate Capital	$110.28M	$27.30M
FSK	FS KKR Capital	-	$394.00M
BX	Blackstone	-	$3.71B

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 Q3 2024 was $1.79B, a 3.02% increase from the previous quarter (Q2 2024), and a 6.88% increase year-over-year (Q3 2023). The company'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). TROW'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).

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 Capital Allocation Based Income, Asset Management, and Administrative, Distribution, And Servicing. Capital Allocation Based Income generated $161.9M in revenue, accounting 2.51% of the company's total revenue, down -398.16% year-over-year. Asset Management generated $5.75B in revenue, accounting 88.97% of the company's total revenue, down -3.71% 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.