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T Rowe Price Group TROW Q4 2025 Annual earnings

Reported February 4, 2026 · Before market open

Revenue$1.9BBeat by $5.9MDiluted EPS$2.44Miss by $0.02
Revenue estimate$1.9B
EPS estimate$2.46

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$1.9B+6.0%
Operating income$471.0M-17.1%
Net income$445.3M+1.2%
EPS (diluted)$1.99+3.6%

Balance sheet

See full
Cash & equivalents$3.4B+26.0%
Total debt$447.2M+60.5%
Total equity$10.9B+5.0%
Total assets$14.3B+6.5%

Cash flow

See full
Operating cash flow-—
CapEx$66.7M-41.0%
Free cash flow-—

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$22.34B-11.1%
Enterprise value$19.37B-14.6%
P/E10.7×-1.3×
P/S3.1×-0.5×

Profitability

See full
Operating margin29.9%-3.0pp
Net margin28.5%-1.1pp
FCF margin21.4%—

Returns & leverage

See full
Return on equity19.7%-1.5pp
Debt / equity0×0.0×

Segments

By product

See full
Investment advisory fees$32.9B—
Administrative, distribution, servicing, and other fees$141.5M—
Capital allocation-based income$40.8M—
Performance-based advisory fees$14.2M—

Versus estimates

Revenue

Q1 2026$1.9BBeat by $2.2M
Q4 2025$1.9BBeat by $5.9M
Q3 2025$1.9BBeat by $11.3MQ2 2025$1.7BMiss by $4.4MQ1 2025$1.8BMiss by $19.3MQ4 2024$1.8BMiss by $42.2M

Diluted EPS

Q1 2026$2.52Beat by $0.15
Q4 2025$2.44Miss by $0.02
Q3 2025$2.81Beat by $0.27Q2 2025$2.24Beat by $0.09Q1 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 Q4 2025 earnings?
T Rowe Price Group (TROW) reported Q4 2025 earnings on February 4, 2026 before market open.
What were T Rowe Price Group's Q4 2025 revenue and EPS?
T Rowe Price Group reported revenue of $1.9B and diluted EPS of $2.44 for Q4 2025.
Did T Rowe Price Group beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.9B by $5.9M. EPS missed the consensus estimate of $2.46 by $0.02.
How did T Rowe Price Group's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.0% from $1.8B a year earlier and diluted EPS grew 15.1% from $2.12.
Where can I find T Rowe Price Group's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-005273) and the 10-K periodic report (0001628280-26-008002) directly on SEC EDGAR. The filing index links above go to sec.gov.