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T Rowe Price Group TROW Q2 2025 earnings

Reported August 1, 2025 · Before market open

Revenue$1.7BMiss by $4.4MDiluted EPS$2.24Beat by $0.09
Revenue estimate$1.7B
EPS estimate$2.15

Next report

Jul 31, 2026 (In 3 weeks)
Revenue estimate$1.8B
EPS estimate$2.35

Financials

Q2 2025

Income statement

See full
Revenue$1.7B-0.6%
Operating income$478.3M-15.3%
Net income$505.2M+4.5%
EPS (diluted)$2.24+6.2%

Balance sheet

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Cash & equivalents$3.1B+12.3%
Total debt$475.2M+58.8%
Total equity$10.6B+6.4%
Total assets$14.3B+9.6%

Cash flow

See full
Operating cash flow$529.9M-21.8%
CapEx$62.2M-39.8%
Free cash flow$467.7M-18.6%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$20.95B-18.7%
Enterprise value$18.3B-21.5%
P/E10.3×-3.0×
P/S3×-0.8×

Profitability

See full
Operating margin31.8%+0.6pp
Net margin28.7%+0.1pp

Returns & leverage

See full
Return on equity19.9%-0.4pp
Debt / equity0×0.0×

Segments

By product

See full
Investment advisory fees$1.59T+3.6%
Administrative, distribution, servicing, and other fees$149.7M—
Performance-based advisory fees$6.4M—
Capital allocation-based income-$400.0K-500%

Versus estimates

Revenue

Q1 2026$1.9BBeat by $2.2MQ4 2025$1.9BBeat by $5.9MQ3 2025$1.9BBeat by $11.3M
Q2 2025$1.7BMiss by $4.4M
Q1 2025$1.8BMiss by $19.3MQ4 2024$1.8BMiss by $42.2M

Diluted EPS

Q1 2026$2.52Beat by $0.15Q4 2025$2.44Miss by $0.02Q3 2025$2.81Beat by $0.27
Q2 2025$2.24Beat by $0.09
Q1 2025$2.23Beat by $0.10Q4 2024$2.12Miss by $0.08

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Questions, answered.

When did T Rowe Price Group report Q2 2025 earnings?
T Rowe Price Group (TROW) reported Q2 2025 earnings on August 1, 2025 before market open.
What were T Rowe Price Group's Q2 2025 revenue and EPS?
T Rowe Price Group reported revenue of $1.7B and diluted EPS of $2.24 for Q2 2025.
Did T Rowe Price Group beat estimates in Q2 2025?
Revenue missed the consensus estimate of $1.7B by $4.4M. EPS beat the consensus estimate of $2.15 by $0.09.
How did T Rowe Price Group's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.6% from $1.7B a year earlier and diluted EPS declined 0.9% from $2.26.
Where can I find T Rowe Price Group's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001113169-25-000023) directly on SEC EDGAR. The filing index links above go to sec.gov.