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T Rowe Price Group logo

T Rowe Price Group Cash Flow Statement

Operating, investing, and financing cash movements

T Rowe Price Group generated $2.0B in operating cash flow over the trailing twelve months. After $254.2M in capital expenditures, free cash flow was $1.8B. Free cash flow decreased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.0BNet Cash From Investing (TTM)$337.7MNet Cash From Financing (TTM)-$1.4BCapital Expenditures (TTM)$254.2MDepreciation And Amortization Cf$56.8MNet Change In Cash (TTM)-$1.1B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$23.2B
P/E Ratio11.07
ROE19.79%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$113M$82M$62.2M$63.3M$66.7M$62M
Net cash of investment products upon deconsolidation-$100K$3.7M-$4.8M-$34.7M-$27.3M-$500K
Payment for (Proceeds from) Other Investing Activity$129M$15.7M$5.3M$92.7M—-$49.8M
Proceeds from disposition of marketable securities and other investments$230.3M$119.8M$103.7M$249.5M$296.1M$82.6M
Net cash from investing activities-$22.5M-$47.8M-$9M$37.9M$249.2M$59.6M
Other investing activities$129M$15.7M$5.3M$92.7M—-$49.8M
Proceeds from maturities/sales of investments$230.3M$119.8M$103.7M$249.5M$296.1M$82.6M
Purchases of investments$10.7M$73.6M$40.4M$20.9M—$10.3M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other working capital changes—-$90.3M-$177.1M-$312.2M—-$304.5M
Net cash from operating activities—$632.9M$529.9M$609.3M$0$824.3M
Net income$416.7M$505.1M$556.1M$686.5M$460.6M$484.1M
Amortization Of Acquisition Related Assets And Retention Arrangements$53.6M$49M$67.4M$49.4M$33.9M$33.9M
Depreciation, amortization and impairment of property, equipment and software$65.7M$63.6M$69.3M$70.8M$202.1M$68.8M
Increase (Decrease) In Trading Securities, Consolidated Investment Portfolios$190.1M$163M———$168.9M
Net Gains (Losses) Recognized On Investments$8.1M$8.3M$165.5M$173.7M$104.9M-$13.6M
Proceeds From Payments For Trading Securities-$123M$45.9M$25.4M$38.7M—$39.2M
Stock-based compensation$85.1M$50.3M$46.6M$37.3M$82.7M$49.1M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$284.6M$289.5M$285.6M$283.4M$284.5M$289.1M
Net contributions (distributions) to non-controlling interests in consolidated entities-$39.3M$100K-$5.6M-$100K-$28.8M-$10.9M
Net subscriptions from redeemable non-controlling interest holders$245M$78M$127.1M$325M$13.1M$131.4M
Common share issuances under stock-based compensation plans-$61.4M$15.2M$1.3M$13.7M-$52.5M$100K
Net cash from financing activities-$208.4M-$411.4M-$275.9M-$98.3M-$491.8M-$502M
Repurchases of common stock$68.1M$215.2M$113.1M$153.5M$139.1M$333.5M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow—$550.9M$467.7M$546M$0$762.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$2.9M$900K-$2M$4.5M-$5.3M-$2.8M
Net increase (decrease) in cash—$174.6M$243M$553.4M—$379.1M