Tearsheet
TROW Home Investment Highlights Valuation, Metrics & Events Price Chart Why The Stock Moved Return vs. Risk About TROW Interactive Breakdown Better Bets vs. TROW Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Trade Sentinel Industry Resource Links External Quote Links

T. Rowe Price (TROW)

Market Price (5/2/2026): $103.42 | Market Cap: $22.5 Bil
Sector: Financials | Industry: Asset Management & Custody Banks

T. Rowe Price (TROW)

Market Price (5/2/2026): $103.42
Market Cap: $22.5 Bil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 5.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 7.5%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -15%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%

Stock buyback support
Stock Buyback 3Y Total is 1.5 Bil

Low stock price volatility
Vol 12M is 25%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Sustainable Finance, and Digital & Alternative Assets. Themes include Wealth Management Technology, Show more.

Trading close to highs
Dist 52W High is -3.7%

Weak multi-year price returns
2Y Excs Rtn is -42%, 3Y Excs Rtn is -68%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.67, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

Key risks
TROW key risks include [1] significant pressure on its traditional active management business model due to the industry-wide shift to lower-cost passive funds, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 5.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 7.5%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -15%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%
3 Stock buyback support
Stock Buyback 3Y Total is 1.5 Bil
4 Low stock price volatility
Vol 12M is 25%
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Sustainable Finance, and Digital & Alternative Assets. Themes include Wealth Management Technology, Show more.
6 Trading close to highs
Dist 52W High is -3.7%
7 Weak multi-year price returns
2Y Excs Rtn is -42%, 3Y Excs Rtn is -68%
8 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.67, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
9 Key risks
TROW key risks include [1] significant pressure on its traditional active management business model due to the industry-wide shift to lower-cost passive funds, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

T. Rowe Price (TROW) stock has remained largely at the same level since 1/31/2026 because of the following key factors:

1. Persistent Net Client Outflows from Higher-Fee Products.

T. Rowe Price continued to experience significant net client outflows, particularly from higher-fee equity strategies and traditional mutual funds, which directly pressured Assets Under Management (AUM) and revenue. The firm reported net client outflows of $25.5 billion in Q4 2025 and $13.7 billion in Q1 2026.

2. Mixed Quarterly Financial Results and Declining Effective Fee Rate.

While adjusted earnings per share (EPS) often met or beat analyst expectations (Q1 2026 adjusted EPS of $2.52 beat estimates of $2.40, for example), revenue figures frequently fell short (Q1 2026 revenue of $1.857 billion missed estimates of $1.894 billion). Compounding this, the investment advisory effective fee rate declined from 39.2 basis points in Q4 2025 to 38.4 basis points in Q1 2026, primarily due to a mix shift towards lower-fee products and redemptions from higher-fee equity strategies.

Show more
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -0.7% change in TROW stock from 1/31/2026 to 5/1/2026 was primarily driven by a -2.2% change in the company's P/E Multiple.
(LTM values as of)13120265012026Change
Stock Price ($)104.13103.42-0.7%
Change Contribution By: 
Total Revenues ($ Mil)7,2057,4082.8%
Net Income Margin (%)28.9%28.3%-2.1%
P/E Multiple11.010.7-2.2%
Shares Outstanding (Mil)2192180.9%
Cumulative Contribution-0.7%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/1/2026
ReturnCorrelation
TROW-0.7% 
Market (SPY)3.6%57.4%
Sector (XLF)-2.3%58.1%

Fundamental Drivers

The 3.6% change in TROW stock from 10/31/2025 to 5/1/2026 was primarily driven by a 2.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)103120255012026Change
Stock Price ($)99.80103.423.6%
Change Contribution By: 
Total Revenues ($ Mil)7,2057,4082.8%
Net Income Margin (%)28.9%28.3%-2.1%
P/E Multiple10.510.72.1%
Shares Outstanding (Mil)2192180.9%
Cumulative Contribution3.6%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/1/2026
ReturnCorrelation
TROW3.6% 
Market (SPY)5.5%51.1%
Sector (XLF)-0.0%63.5%

Fundamental Drivers

The 23.1% change in TROW stock from 4/30/2025 to 5/1/2026 was primarily driven by a 20.8% change in the company's P/E Multiple.
(LTM values as of)43020255012026Change
Stock Price ($)84.01103.4223.1%
Change Contribution By: 
Total Revenues ($ Mil)7,0947,4084.4%
Net Income Margin (%)29.6%28.3%-4.5%
P/E Multiple8.910.720.8%
Shares Outstanding (Mil)2222182.2%
Cumulative Contribution23.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/1/2026
ReturnCorrelation
TROW23.1% 
Market (SPY)30.4%59.5%
Sector (XLF)8.1%67.1%

Fundamental Drivers

The 6.3% change in TROW stock from 4/30/2023 to 5/1/2026 was primarily driven by a 17.8% change in the company's Net Income Margin (%).
(LTM values as of)43020235012026Change
Stock Price ($)97.26103.426.3%
Change Contribution By: 
Total Revenues ($ Mil)6,4887,40814.2%
Net Income Margin (%)24.0%28.3%17.8%
P/E Multiple14.010.7-23.2%
Shares Outstanding (Mil)2242182.9%
Cumulative Contribution6.3%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/1/2026
ReturnCorrelation
TROW6.3% 
Market (SPY)78.7%68.9%
Sector (XLF)64.3%69.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TROW Return35%-42%3%10%-5%2%-14%
Peers Return45%-8%9%30%23%4%142%
S&P 500 Return27%-19%24%23%16%5%92%

Monthly Win Rates [3]
TROW Win Rate75%42%50%58%50%50% 
Peers Win Rate65%52%45%67%60%45% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
TROW Max Drawdown-2%-49%-16%-4%-28%-15% 
Peers Max Drawdown-3%-31%-20%-8%-18%-11% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: BLK, SCHW, MS, AMP, STT. See TROW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/1/2026 (YTD)

How Low Can It Go

EventTROWS&P 500
2025 US Tariff Shock
  % Loss-24.9%-18.8%
  % Gain to Breakeven33.1%23.1%
  Time to Breakeven100 days79 days
2024 Yen Carry Trade Unwind
  % Loss-11.4%-7.8%
  % Gain to Breakeven12.9%8.5%
  Time to Breakeven72 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-25.1%-9.5%
  % Gain to Breakeven33.5%10.5%
  Time to Breakeven131 days24 days
2023 SVB Regional Banking Crisis
  % Loss-13.5%-6.7%
  % Gain to Breakeven15.6%7.1%
  Time to Breakeven50 days31 days
2020 COVID-19 Crash
  % Loss-38.0%-33.7%
  % Gain to Breakeven61.2%50.9%
  Time to Breakeven130 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.4%-19.2%
  % Gain to Breakeven30.6%23.7%
  Time to Breakeven178 days105 days

Compare to BLK, SCHW, MS, AMP, STT

In The Past

T. Rowe Price's stock fell -24.9% during the 2025 US Tariff Shock. Such a loss loss requires a 33.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTROWS&P 500
2025 US Tariff Shock
  % Loss-24.9%-18.8%
  % Gain to Breakeven33.1%23.1%
  Time to Breakeven100 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-25.1%-9.5%
  % Gain to Breakeven33.5%10.5%
  Time to Breakeven131 days24 days
2020 COVID-19 Crash
  % Loss-38.0%-33.7%
  % Gain to Breakeven61.2%50.9%
  Time to Breakeven130 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.4%-19.2%
  % Gain to Breakeven30.6%23.7%
  Time to Breakeven178 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-23.4%-17.9%
  % Gain to Breakeven30.6%21.8%
  Time to Breakeven99 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-24.1%-15.4%
  % Gain to Breakeven31.8%18.2%
  Time to Breakeven125 days125 days
2008-2009 Global Financial Crisis
  % Loss-65.5%-53.4%
  % Gain to Breakeven190.2%114.4%
  Time to Breakeven609 days1085 days

Compare to BLK, SCHW, MS, AMP, STT

In The Past

T. Rowe Price's stock fell -24.9% during the 2025 US Tariff Shock. Such a loss loss requires a 33.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About T. Rowe Price (TROW)

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.

AI Analysis | Feedback

Here are a few analogies for T. Rowe Price:

  • T. Rowe Price is like Fidelity for actively managed mutual funds and retirement investments.
  • It's similar to Vanguard, but with a focus on selecting individual stocks and bonds rather than primarily offering broad market index funds.

AI Analysis | Feedback

  • Investment Management Services: Providing investment management and advisory services to individuals, institutions, retirement plans, and financial intermediaries.
  • Mutual Funds: Launching and managing various equity and fixed income mutual funds for investors.
  • Venture Capital Investments: Making direct investments in late-stage venture capital transactions.

AI Analysis | Feedback

T. Rowe Price (TROW) serves a diverse range of customers, which can be categorized as follows:

  • Individuals: The firm provides investment management services directly to individual investors seeking to manage their personal portfolios.
  • Institutional Investors and Institutions: This category includes various organizations such as corporations, endowments, foundations, and other large entities that require professional investment management for their assets.
  • Retirement Plans: T. Rowe Price offers services to a variety of retirement plans, including employer-sponsored plans (like 401(k)s and 403(b)s) and individual retirement accounts, managing the underlying investments for these plans.

AI Analysis | Feedback

null

AI Analysis | Feedback

Robert W. Sharps, Chair of the Board, Chief Executive Officer and President

Mr. Sharps has been with T. Rowe Price since 1997, starting as an analyst specializing in financial services stocks in the U.S. Equity Division. He served as the lead portfolio manager of the Institutional Large-Cap Growth Equity Strategy for 15 years until December 2016. He then became co-head of Global Equity, head of Investments, and group chief investment officer before being named president of Price Group in February 2021 and chief executive officer in January 2022. Prior to joining T. Rowe Price, he completed an internship as an equity research analyst at Wellington Management and was employed by KPMG Peat Marwick as a senior management consultant, focusing on corporate transactions.

Jennifer Dardis, Chief Financial Officer and Treasurer

Ms. Dardis joined T. Rowe Price in 2006, beginning in a corporate strategy role within the CFO Group. She was appointed head of Corporate Strategy in 2016 and later served as the head of Finance before her appointment as Chief Financial Officer and Treasurer on August 1, 2021. Before T. Rowe Price, Ms. Dardis held positions in investor relations at Constellation Energy, in finance and business development at Energy Merchant, and in mergers and acquisitions at SG Cowen. As CFO, she successfully led the firm through its largest acquisition in history, Oak Hill Advisors (OHA) for $4.2 billion.

Justin Thomson, Head of the Investment Institute and Chief Investment Officer

Mr. Thomson's investment experience began in 1991, and he has been with T. Rowe Price since 1998, starting in the International Equity Division. He was the lead portfolio manager for the International Small-Cap Strategy from 1998 to 2020 and incepted and managed the European Small-Cap Strategy from 2008 to 2016. He served as head of the International Equity Division from 2021 to 2024 and was appointed Head of the Investment Institute and Chief Investment Officer, effective January 1, 2025. Prior to T. Rowe Price, Mr. Thomson was a portfolio manager at G.T. Capital/LGT/Invesco, managing various small-cap and all-cap portfolios.

Ramon Richards, Chief Technology Officer and Global Head of Technology, Data, and Operations

Mr. Richards joined T. Rowe Price in 2023 as Chief Technology Officer, providing strategic leadership across Technology, Data, and Cybersecurity. In 2025, his role expanded to include Global Investment Operations, Global Client Account Services, the Transformation Office, and Regional Operating Officers.

Arif Husain, Head of Global Fixed Income and Chief Investment Officer

Mr. Husain's investment experience began in 1995, and he joined T. Rowe Price in 2013. He is the lead portfolio manager for the Global Government Bond High Quality Strategy and is chairman of the Fixed Income Steering Committee. Prior to his tenure at T. Rowe Price, Mr. Husain was employed by AllianceBernstein, focusing on European fixed income and euro portfolio management.

AI Analysis | Feedback

T. Rowe Price (symbol: TROW), as an investment manager, faces several key risks to its business model, primarily stemming from its reliance on assets under management (AUM) and active investment strategies. These risks are:

  1. Market Volatility and Economic Uncertainties: A significant portion of T. Rowe Price's revenue is derived from advisory fees, which are calculated as a percentage of its assets under management. Consequently, fluctuations in financial markets and broader economic downturns directly impact the value of its AUM. Prolonged periods of market depreciation can lead to a decrease in the firm's asset base and, subsequently, its ability to generate income.

  2. Intense Competition and Pressure on Fees from Passive Investment Strategies: The investment management industry is highly competitive, with T. Rowe Price facing significant pressure from the growing popularity of lower-cost passive investment vehicles, such as exchange-traded funds (ETFs) and index funds. This trend challenges the traditional active management model that T. Rowe Price predominantly employs, leading to fee compression and a potential shift of investor capital away from its actively managed mutual funds.

  3. Persistent Net Client Outflows: A direct consequence of market volatility and intense competition, T. Rowe Price has experienced ongoing net client outflows. These outflows occur when investors withdraw more capital than they invest, often due to underperformance of active funds relative to competitors or benchmarks, or a preference for passive strategies. This continuous reduction in AUM directly impacts the firm's revenue and growth prospects. For instance, the company experienced $43.2 billion in net client outflows for the entirety of 2024 and $8.6 billion in Q1 2025.

AI Analysis | Feedback

The increasing market share and investor preference for low-cost passive investment vehicles, such as index funds and exchange-traded funds (ETFs), poses a significant threat. This trend leads to ongoing fee compression across the investment management industry, challenging the traditional revenue model and profitability of actively managed funds offered by firms like T. Rowe Price.

AI Analysis | Feedback

Addressable Markets for T. Rowe Price's Main Products and Services

T. Rowe Price Group, Inc. (TROW) is an investment manager whose main products and services include investment management for various client types, equity and fixed income mutual funds, and late-stage venture capital investments.

Asset Management

  • Global: The total assets under management (AUM) at the world's 500 largest asset managers reached approximately USD 139.9 trillion at the end of 2024.
  • U.S.: The United States asset management market size is projected at USD 70.97 trillion in 2026 and is forecast to reach USD 125.98 trillion by 2031, reflecting a 12.16% compound annual growth rate (CAGR).

Mutual Funds

  • Global: The global mutual fund assets market size was worth around USD 67.48 trillion in 2022 and is predicted to grow to around USD 145.24 trillion by 2030, at a CAGR of roughly 10.06%.
  • U.S.: The US mutual fund market holds USD 31.68 trillion in assets in 2026 and is projected to climb to USD 40.98 trillion by 2031. The United States Mutual Funds Market was valued at USD 34.58 Trillion in 2024 and is expected to reach USD 43.25 Trillion by 2030, rising at a CAGR of 3.80%.

Venture Capital

  • Global: The global venture capital investment market size was valued at USD 503.27 billion in 2025. This market is projected to grow from USD 598.91 billion in 2026 to USD 2,669.87 billion by 2034, exhibiting a CAGR of 20.5%. Late-stage financings accounted for more than half of the total deal value in 2025.

AI Analysis | Feedback

T. Rowe Price (symbol: TROW) anticipates several key drivers for future revenue growth over the next 2-3 years:

  1. Expansion of Exchange-Traded Funds (ETFs): The firm is actively growing its ETF segment, including launching new products and extending its reach into international retirement solutions through new ETF offerings.
  2. Growth and Innovation in Retirement Solutions: T. Rowe Price is focused on expanding its target date franchise, including into international markets such as Canada, and developing innovative customization and retirement income solutions. Retirement-related assets constitute a significant portion of the firm's assets under management.
  3. Strategic Partnerships and Broadening Global Presence: The company aims to enhance its global footprint and investment platform by forging strategic partnerships. These collaborations are designed to increase the accessibility of T. Rowe Price's products and insights for financial advisors and clients, with one agreement projected to provide access to an additional 10,000 financial advisors and 2 million end clients. Recent partnerships include collaborations with Goldman Sachs and First Abu Dhabi Bank.
  4. Increased Penetration of the Insurance Sector: A significant part of T. Rowe Price's multi-faceted expansion strategy involves strengthening its presence within the insurance channel. This initiative aims to broaden distribution and reach a wider client base for its investment products.
  5. Leveraging Active Management and Proprietary Research: T. Rowe Price continues to differentiate itself through its active investment management approach and independent proprietary research. Initiatives like "The Power of Curiosity" campaign, launched in February 2024, are designed to boost awareness and consideration by showcasing how the firm's inquisitive analysis leads to superior insights, ultimately supporting asset growth and revenue.

AI Analysis | Feedback

Capital Allocation Decisions (Last 3-5 Years)

Share Repurchases

  • T. Rowe Price repurchased $624.6 million in shares during 2025, representing 2.8% of shares outstanding.
  • The company returned $337.2 million to stockholders through share buybacks in 2024.
  • In 2023, share buybacks amounted to $254.4 million.

Outbound Investments

  • A strategic partnership with Aspida was announced in 2025 to enhance T. Rowe Price's insurance asset management offerings, particularly in public and private assets.
  • The firm expanded its ETF portfolio to 17 funds by the end of 2024 and plans further ETF launches in 2025 and 2026.
  • In 2023, T. Rowe Price launched the T. Rowe Price OHA Select Private Credit Fund (OCREDIT) with over $1.5 billion of investable capital.

Capital Expenditures

  • Operating expenses for 2025 were forecasted to rise 4-6% over 2024 levels, driven by strategic investments and real-estate costs related to the new Baltimore headquarters.
  • Adjusted operating expenses for 2026 are anticipated to increase by 3-6% over 2025's $4.6 billion, reflecting ongoing investments in growth areas.
  • Full-year 2024 adjusted operating expenses were $4.46 billion.

Better Bets vs. T. Rowe Price (TROW)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1T. Rowe Price Earnings Notes12/29/2026
2With T. Rowe Price Stock Surging, Have You Considered The Downside?10/17/2025
3T. Rowe Price vs Cheniere Energy: Which Is A Better Investment?08/18/2025
4T. Rowe Price vs Interactive Brokers: Which Is A Better Investment?08/18/2025
5Better Bet Than TROW Stock: Pay Less Than T. Rowe Price To Get More From OKE, CCL 08/12/2025
6Better Bet Than TROW Stock: Pay Less Than T. Rowe Price To Get More From IBKR, SNEX 08/12/2025
7TROW Dip Buy Analysis07/10/2025
8T. Rowe Price Total Shareholder Return (TSR): 14.7% in 2024 and -8.0% 3-yr compounded annual returns (below peer average)03/07/2025
9ARTICLES 
10How Will T. Rowe Price Stock React To Its Upcoming Earnings?10/30/2025
11S&P 500 Movers | Winners: TROW, WSM, WDC | Losers: EL, CRM, NI09/04/2025

Trade Ideas

Select ideas related to TROW.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EEFT_4302026_Dip_Buyer_ValueBuy04302026EEFTEuronet WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		0.0%0.0%0.0%
HOMB_4242026_Insider_Buying_GTE_1Mil_EBITp+DE_V204242026HOMBHome BancSharesInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		1.5%1.5%0.0%
HBAN_3312026_Insider_Buying_45D_2Buy_200K03312026HBANHuntington BancsharesInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		7.1%7.1%0.0%
NP_3312026_Insider_Buying_45D_2Buy_200K03312026NPNeptune InsuranceInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		3.9%3.9%0.0%
JKHY_3272026_Monopoly_xInd_xCD_Getting_Cheaper03272026JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		0.3%0.3%-4.0%
TROW_9302022_Dip_Buyer_FCFYield09302022TROWT. Rowe PriceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		9.9%4.3%-6.6%

Recent Active Movers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

TROWBLKSCHWMSAMPSTTMedian
NameT. Rowe .BlackRockCharles .Morgan S.Ameripri.State St. 
Mkt Price103.421,061.6891.54190.17467.19152.00171.08
Mkt Cap22.5164.7162.1297.644.242.3103.2
Rev LTM7,40824,21623,92165,96618,48014,47721,200
Op Inc LTM2,5617,909----5,235
FCF LTM1,6913,5528,763-20,7878,161-3,7402,621
FCF 3Y Avg1,3214,0259,900-19,9456,360-4,2632,673
CFO LTM1,9453,9279,311-17,8898,323-2,6412,936
CFO 3Y Avg1,6574,34910,523-16,6886,534-3,3013,003

Growth & Margins

TROWBLKSCHWMSAMPSTTMedian
NameT. Rowe .BlackRockCharles .Morgan S.Ameripri.State St. 
Rev Chg LTM4.2%18.7%22.0%14.5%7.0%10.8%12.6%
Rev Chg 3Y Avg6.3%11.0%5.6%9.7%9.0%6.2%7.7%
Rev Chg Q5.3%23.4%18.9%11.4%10.2%15.6%13.5%
QoQ Delta Rev Chg LTM1.3%5.8%4.4%2.7%2.5%3.7%3.2%
Op Inc Chg LTM3.1%4.9%----4.0%
Op Inc Chg 3Y Avg7.0%7.2%----7.1%
Op Mgn LTM34.6%32.7%----33.6%
Op Mgn 3Y Avg34.1%35.0%----34.6%
QoQ Delta Op Mgn LTM0.7%-1.1%-----0.2%
CFO/Rev LTM26.3%16.2%38.9%-27.1%45.0%-18.2%21.2%
CFO/Rev 3Y Avg23.4%21.3%52.2%-30.3%37.8%-24.0%22.3%
FCF/Rev LTM22.8%14.7%36.6%-31.5%44.2%-25.8%18.7%
FCF/Rev 3Y Avg18.6%19.7%49.1%-36.0%36.8%-31.3%19.1%

Valuation

TROWBLKSCHWMSAMPSTTMedian
NameT. Rowe .BlackRockCharles .Morgan S.Ameripri.State St. 
Mkt Cap22.5164.7162.1297.644.242.3103.2
P/S3.06.86.84.52.42.93.8
P/Op Inc8.820.8----14.8
P/EBIT8.820.0--9.2-9.2
P/E10.729.718.317.712.413.815.7
P/CFO11.641.917.4-16.65.3-16.08.4
Total Yield14.4%5.4%5.5%5.7%9.4%7.2%6.5%
Dividend Yield5.1%2.0%0.0%0.0%1.3%0.0%0.7%
FCF Yield 3Y Avg6.2%2.8%7.2%-11.1%13.7%-15.0%4.5%
D/E0.00.10.21.20.10.70.2
Net D/E-0.10.0-0.50.9-1.3-2.6-0.3

Returns

TROWBLKSCHWMSAMPSTTMedian
NameT. Rowe .BlackRockCharles .Morgan S.Ameripri.State St. 
1M Rtn15.1%10.9%-0.9%15.1%7.0%18.5%13.0%
3M Rtn-0.7%-4.6%-11.6%4.6%-11.1%16.9%-2.6%
6M Rtn3.6%-0.9%-2.5%17.2%3.8%33.2%3.7%
12M Rtn23.7%18.3%13.7%66.8%0.6%76.1%21.0%
3Y Rtn12.6%74.9%90.9%142.5%65.6%138.7%82.9%
1M Excs Rtn5.1%0.9%-10.8%5.1%-3.0%8.6%3.0%
3M Excs Rtn-4.9%-8.8%-15.8%0.4%-15.3%12.7%-6.8%
6M Excs Rtn-2.3%-7.2%-7.6%13.0%-6.7%27.0%-4.5%
12M Excs Rtn-6.7%-11.3%-16.0%38.9%-29.3%47.5%-9.0%
3Y Excs Rtn-68.1%-3.1%10.8%60.4%-11.7%62.0%3.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Investment advisory fees6,400 5,9697,0985,693
Administrative, distribution, services, and other fees588    
Performance-based advisory fees59    
Capital allocation-based income (loss)47    
Investment management services 6,460   
Administrative, distribution, and servicing fees  574  
Capital allocation-based income  -54  
Administrative fees   454402
Distribution and servicing fees   120111
Total7,0946,4606,4887,6726,207


Price Behavior

Price Behavior
Market Price$103.42 
Market Cap ($ Bil)22.5 
First Trading Date09/13/1989 
Distance from 52W High-3.7% 
   50 Days200 Days
DMA Price$92.70$99.09
DMA Trendindeterminatedown
Distance from DMA11.6%4.4%
 3M1YR
Volatility27.0%24.5%
Downside Capture0.820.71
Upside Capture106.38117.91
Correlation (SPY)55.9%59.2%
TROW Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.600.701.010.951.171.20
Up Beta0.730.710.750.641.191.20
Down Beta-1.760.750.770.680.901.10
Up Capture89%83%107%114%125%138%
Bmk +ve Days15223166141428
Stock +ve Days13253768133389
Down Capture-56%53%128%118%124%108%
Bmk -ve Days4183056108321
Stock -ve Days9182757119363

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with TROW
TROW23.2%24.5%0.80-
Sector ETF (XLF)8.2%14.7%0.3267.1%
Equity (SPY)30.6%12.5%1.8859.5%
Gold (GLD)39.5%27.2%1.20-5.1%
Commodities (DBC)51.5%17.9%2.20-11.0%
Real Estate (VNQ)13.1%13.5%0.6735.9%
Bitcoin (BTCUSD)-18.2%42.1%-0.3637.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with TROW
TROW-6.2%30.5%-0.17-
Sector ETF (XLF)9.8%18.7%0.4070.8%
Equity (SPY)12.8%17.1%0.5975.2%
Gold (GLD)20.5%17.9%0.947.8%
Commodities (DBC)14.3%19.1%0.6113.1%
Real Estate (VNQ)3.5%18.8%0.0960.8%
Bitcoin (BTCUSD)7.4%56.1%0.3531.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with TROW
TROW6.8%30.0%0.28-
Sector ETF (XLF)12.6%22.2%0.5273.4%
Equity (SPY)14.9%17.9%0.7176.9%
Gold (GLD)13.6%15.9%0.711.6%
Commodities (DBC)9.7%17.7%0.4622.6%
Real Estate (VNQ)5.7%20.7%0.2458.7%
Bitcoin (BTCUSD)67.4%66.9%1.0720.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity24.2 Mil
Short Interest: % Change Since 33120262.4%
Average Daily Volume2.1 Mil
Days-to-Cover Short Interest11.7 days
Basic Shares Quantity217.5 Mil
Short % of Basic Shares11.1%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/4/2026-5.5%-5.9%-10.3%
10/31/20250.4%0.0%0.3%
8/1/20251.6%2.6%6.1%
5/2/20254.0%5.2%4.6%
2/5/2025-4.2%-5.6%-14.4%
11/1/20242.0%9.3%12.5%
7/26/2024-3.0%-3.0%-5.1%
4/26/20244.8%2.1%8.6%
...
SUMMARY STATS   
# Positive798
# Negative867
Median Positive3.8%2.1%5.4%
Median Negative-4.3%-3.8%-6.3%
Max Positive8.3%9.3%12.5%
Max Negative-5.5%-5.9%-14.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/30/202610-Q
12/31/202502/13/202610-K
09/30/202510/31/202510-Q
06/30/202508/01/202510-Q
03/31/202505/02/202510-Q
12/31/202402/14/202510-K
09/30/202411/01/202410-Q
06/30/202407/26/202410-Q
03/31/202404/26/202410-Q
12/31/202302/16/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202305/02/202310-Q
12/31/202202/15/202310-K
09/30/202210/27/202210-Q
06/30/202207/28/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Effective Tax Rate23.0%25.0%27.0%2.0%0.5%RaisedGuidance: 24.5% for 2025
2026 Adjusted Effective Tax Rate24.0%25.5%27.0%4.1%1.0%RaisedGuidance: 24.5% for 2025

Prior: Q3 2025 Earnings Reported 10/31/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Effective Tax Rate23.0%24.5%26.0%-3.9%-1.0%LoweredGuidance: 25.5% for 2025
2025 Adjusted Effective Tax Rate23.5%24.5%25.5%-3.9%-1.0%LoweredGuidance: 25.5% for 2025

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Husain, ArifDirectSell12112025101.964,260434,3364,802,411Form
2MacLellan, Robert FDirectSell9232025105.013,090324,4664,970,385Form
3Sawyer, Dorothy CDirectSell612202595.432,000190,8604,274,187Form
4Hiebler, Jessica MPrincipal Accounting OfficerDirectSell513202596.9896893,8791,320,070Form
5MacLellan, Robert FDirectSell401202591.563,955362,1203,935,132Form

Industry Resources

External Quote Links


Prefer one of these to Trefis? Tell us why.