15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $7.3B | $2.1B | 0.0% | 29.9% | $1.5B | — | $3.4B |
| 2024 | $7.1B | $2.1B | 0.0% | 32.9% | $1.3B | — | $2.6B |
| 2023 | $6.5B | $1.8B | 0.0% | 30.7% | $911M | — | $2.1B |
| 2022 | $6.5B | $1.6B | 0.0% | 36.6% | $2.1B | — | $1.8B |
| 2021 | $7.7B | $3.1B | 0.0% | 48.4% | $3.2B | — | $1.5B |
| 2020 | $6.2B | $2.4B | 0.0% | 44.2% | $1.7B | — | $2.2B |
| 2019 | $5.6B | $2.1B | 0.0% | 42.5% | $1.3B | — | $1.8B |
| 2018 | $5.4B | $1.8B | 0.0% | 44.0% | $1.5B | — | $1.4B |
| 2017 | $4.9B | $1.5B | 0.0% | 43.4% | $43M | — | $1.9B |
| 2016 | $4.3B | $1.2B | 0.0% | 40.5% | $22M | — | $1.2B |
| 2015 | — | $1.2B | — | — | $1.4B | — | $1.2B |
| 2014 | — | $1.2B | — | — | $1.2B | — | $1.5B |
| 2013 | — | $1.0B | — | — | $1.1B | — | $1.4B |
| 2012 | — | $884M | — | — | $826M | — | $879M |
| 2011 | — | $773M | — | — | $866M | — | $898M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $1.9B | $498M | 0.0% | 36.6% | $762M | — | $3.7B |
| Dec '25 | $1.9B | $445M | 0.0% | 24.4% | -$85M | — | $3.4B |
| Sep '25 | $1.9B | $646M | 0.0% | 34.0% | $546M | — | $3.6B |
| Jun '25 | $1.7B | $505M | 0.0% | 27.8% | $468M | — | $3.1B |
| Mar '25 | $1.8B | $491M | 0.0% | 33.8% | $551M | — | $2.8B |
| Dec '24 | $1.8B | $440M | 0.0% | 31.2% | -$395M | — | $2.6B |
| Sep '24 | $1.8B | $603M | 0.0% | 34.4% | $548M | — | $3.2B |
| Jun '24 | $1.7B | $483M | 0.0% | 32.6% | $574M | — | $2.7B |
| Mar '24 | $1.8B | $574M | 0.0% | 33.5% | $535M | — | $2.4B |
| Dec '23 | $1.6B | $438M | 0.0% | 23.6% | -$239M | — | $2.1B |
| Sep '23 | $1.7B | $453M | 0.0% | 34.8% | $376M | — | $2.6B |
| Jun '23 | $1.6B | $476M | 0.0% | 33.1% | $323M | — | $2.2B |
| Mar '23 | $1.5B | $422M | 0.0% | 31.5% | $451M | — | $2.1B |
| Dec '22 | $1.5B | $266M | 0.0% | 16.6% | -$196M | — | $1.8B |
| Sep '22 | $1.6B | $384M | 0.0% | 36.2% | $713M | — | $2.4B |
| Jun '22 | $1.5B | $340M | 0.0% | 44.2% | $556M | — | $2.1B |
| Mar '22 | $1.9B | $568M | 0.0% | 47.1% | $1.0B | — | $2.0B |
| Dec '21 | $2.0B | $741M | 0.0% | 44.0% | $301M | — | $1.5B |
| Sep '21 | $2.0B | $777M | 0.0% | 51.0% | $1.2B | — | $3.4B |
| Jun '21 | $1.9B | $816M | 0.0% | 49.7% | $744M | — | $3.5B |
How the market has priced TROW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, T. Rowe Price's revenue has grown 3.3% per year, and net income declined 2.5% per year. These are computed facts, not advice.
As of FY2025, T. Rowe Price reported — of total debt against $3.4B of cash.
In FY2025, gross margin was —, operating margin 29.9%, and net margin 28.5%.
As of Jun '26, T. Rowe Price traded at a price-to-earnings ratio of about 10.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.