Capital Expenditures for T. Rowe Price (TROW)
According to T. Rowe Price's latest reported financial statements, the company's current capital expenditures (TTM) is $294.00M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
TROW
Currently viewingCapital ExpendituresSwitch metric
Latest period
$294.00M
YoY change
-35.2%
5Y CAGR
+5.0%
Peak year (2024)
$423.40M
Cumulative capital expenditures
$4.22B
CapEx history chart for T. Rowe Price (TROW) from 1989 to 2025
CapEx history table for T. Rowe Price (TROW) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $274.20M | -35.2% | ||
| 2024 | $423.40M | +37.5% | ||
| 2023 | $307.90M | +29.6% | ||
| 2022 | $237.60M | -0.6% | ||
| 2021 | $239.10M | +11.4% | ||
| 2020 | $214.60M | +4.9% | ||
| 2019 | $204.60M | +21.4% | ||
| 2018 | $168.50M | -9.5% | ||
| 2017 | $186.10M | +25.5% | ||
| 2016 | $148.30M | -2.0% | ||
| 2015 | $151.30M | +19.9% | ||
| 2014 | $126.20M | +19.3% | ||
| 2013 | $105.80M | +37.6% | ||
| 2012 | $76.90M | -6.6% | ||
| 2011 | $82.30M | -30.3% | ||
| 2010 | $118.00M | -11.9% | ||
| 2009 | $133.90M | -7.1% | ||
| 2008 | $144.10M | -1.0% | ||
| 2007 | $145.60M | +54.2% | ||
| 2006 | $94.40M | +82.2% | ||
| 2005 | $51.80M | +20.3% | ||
| 2004 | $43.07M | +35.7% | ||
| 2003 | $31.74M | +21.9% | ||
| 2002 | $26.05M | -37.0% | ||
| 2001 | $41.38M | -51.7% | ||
| 2000 | $85.61M | +10.6% | ||
| 1999 | $77.40M | +36.7% | ||
| 1998 | $56.60M | -19.3% | ||
| 1997 | $70.10M | +19.2% | ||
| 1996 | $58.80M | +146.0% | ||
| 1995 | $23.90M | +37.4% | ||
| 1994 | $17.40M | +42.6% | ||
| 1993 | $12.20M | -34.4% | ||
| 1992 | $18.60M | +313.3% | ||
| 1991 | $4.50M | -56.7% | ||
| 1990 | $10.40M | +271.4% | ||
| 1989 | $2.80M | — |
CapEx values are taken from T. Rowe Price's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of T. Rowe Price (TROW) capital expenditures is $274.20M – plunged 35.2% year-over-year.
Across 2020–2025 (5 years), T. Rowe Price capital expenditures produced a CAGR of +5.0% – with the latest reading among the more recent periods of the dataset.
Between 2024 and 2025, T. Rowe Price capital expenditures plunged 35.2%, falling from $423.40M to $274.20M.
2024 marks the peak capital expenditures at $423.40M, with the historical low of $2.80M recorded in 1989.
Within Financial Services, T. Rowe Price (TROW) ranks 6th among 8 peers we track. The peer median for capital expenditures is $985.50M.
T. Rowe Price Capital Expenditures by Year
T. Rowe Price Capital Expenditures 2025: $274.20M
T. Rowe Price capital expenditures in 2025 was $274.20M, plunged 35.2% below 2024.
T. Rowe Price Capital Expenditures 2024: $423.40M
T. Rowe Price capital expenditures in 2024 was $423.40M, surged 37.5% from 2023. This figure represents the highest annual value in the available history.
T. Rowe Price Capital Expenditures 2023: $307.90M
T. Rowe Price capital expenditures in 2023 was $307.90M, grew 29.6% from 2022.
T. Rowe Price Capital Expenditures 2022: $237.60M
T. Rowe Price capital expenditures in 2022 was $237.60M, edged down 0.6% below 2021.
T. Rowe Price Capital Expenditures 2021: $239.10M
T. Rowe Price capital expenditures in 2021 was $239.10M.
See more financial history for T. Rowe Price (TROW).
Sector peers — CapEx
Companies in the same sector as T. Rowe Price, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is T. Rowe Price's capital expenditures?
- Latest reported capital expenditures for T. Rowe Price (TROW) is $294.00M (period ending December 31, 2025).
How has T. Rowe Price capital expenditures changed year-over-year?
- T. Rowe Price (TROW) capital expenditures changed -35.2% year-over-year on the latest annual filing.
What is the long-term growth rate of T. Rowe Price capital expenditures?
- T. Rowe Price (TROW) capital expenditures compound annual growth rate is +5.0% over the most recent 5 years available.
When did T. Rowe Price capital expenditures hit its highest annual value?
- T. Rowe Price capital expenditures reached its highest annual value of $423.40M in 2024.
What was T. Rowe Price capital expenditures in 2024?
- T. Rowe Price (TROW) capital expenditures in 2024 was $423.40M.
What was T. Rowe Price capital expenditures in 2025?
- T. Rowe Price (TROW) capital expenditures in 2025 was $274.20M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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