T. Rowe Price income statement
In fiscal 2025, T. Rowe Price reported revenue of $7.31bn, up 3.1% on the year before, operating income of $2.19bn (a 29.9% margin) and net income of $2.09bn, or $9.24 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,872 | 2,371 | 2,747 | 3,023 | 3,484 | 3,982 | 4,201 | 4,285 | 4,855 | 5,373 | 5,618 | 6,207 | 7,672 | 6,488 | 6,461 | 7,094 | 7,315 | 7,703 |
| Gross profit | 1,867 | 2,367 | 2,747 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | 702 | 1,037 | 1,227 | 1,364 | 1,637 | 1,891 | 1,899 | 1,733 | 2,109 | 2,361 | 2,387 | 2,746 | 3,710 | 2,374 | 1,986 | 2,333 | 2,189 | 2,462 |
| Net interest income | 3 | 3 | 2 | 2 | 1 | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 689 | 1,070 | 1,251 | 1,435 | 1,700 | 2,003 | 2,002 | 1,961 | 2,505 | 2,385 | 2,927 | 3,242 | 3,995 | 1,948 | 2,490 | 2,820 | 2,876 | 2,942 |
| Income tax | 255 | 398 | 477 | 552 | 653 | 774 | 779 | 707 | 924 | 616 | 678 | 719 | 896 | 499 | 655 | 684 | 667 | 705 |
| Net income | 434 | 672 | 773 | 884 | 1,048 | 1,230 | 1,223 | 1,215 | 1,498 | 1,838 | 2,131 | 2,373 | 3,083 | 1,558 | 1,789 | 2,100 | 2,087 | 2,188 |
| Diluted EPS | $1.65 | $2.53 | $2.92 | $3.36 | $3.90 | $4.55 | $4.63 | $4.75 | $5.97 | $7.27 | $8.70 | $9.98 | $13.12 | $6.70 | $7.76 | $9.15 | $9.24 | $10.13 |
| Diluted shares (average) | 262m | 265m | 263m | 261m | 266m | 267m | 261m | 250m | 245m | 247m | 239m | 231m | 229m | 227m | 225m | 223m | 220m | 216m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,825 | 1,764 | 1,723 | 1,894 | 1,934 | 1,857 | 1,907 | 2,005 |
| Operating income | 568 | 596 | 478 | 643 | 471 | 681 | 541 | 770 |
| Income before tax | 573 | 667 | 714 | 882 | 613 | 632 | 910 | 787 |
| Income tax | 156 | 162 | 158 | 195 | 153 | 148 | 214 | 190 |
| Net income | 440 | 491 | 505 | 646 | 445 | 498 | 632 | 612 |
| Diluted EPS | $1.92 | $2.15 | $2.24 | $2.87 | $1.99 | $2.23 | $2.88 | $2.79 |
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