Free Cash Flow for T. Rowe Price (TROW)
Free Cash Flow for T. Rowe Price (TROW): headline value $2.11B · YoY +17.2%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
TROW
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.11B
YoY change
+17.2%
5Y CAGR
-2.8%
Peak year (2021)
$3.21B
Latest annual
$1.48B
Free Cash Flow history chart for T. Rowe Price (TROW) from 1989 to 2025
Free Cash Flow history table for T. Rowe Price (TROW) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $1.48B | +17.2% | ||
| 2024 | $1.26B | +38.5% | ||
| 2023 | $911.20M | -57.1% | ||
| 2022 | $2.12B | -34.0% | ||
| 2021 | $3.21B | +88.5% | ||
| 2020 | $1.70B | +29.3% | ||
| 2019 | $1.32B | -9.2% | ||
| 2018 | $1.45B | +3244.2% | ||
| 2017 | $43.40M | +95.5% | ||
| 2016 | $22.20M | -98.4% | ||
| 2015 | $1.38B | +13.3% | ||
| 2014 | $1.22B | +8.0% | ||
| 2013 | $1.13B | +36.5% | ||
| 2012 | $825.90M | -4.6% | ||
| 2011 | $866.10M | +40.9% | ||
| 2010 | $614.80M | +53.0% | ||
| 2009 | $401.70M | -32.8% | ||
| 2008 | $597.70M | -2.4% | ||
| 2007 | $612.40M | +22.8% | ||
| 2006 | $498.80M | +2.3% | ||
| 2005 | $487.68M | +47.2% | ||
| 2004 | $331.21M | +24.9% | ||
| 2003 | $265.21M | +9.0% | ||
| 2002 | $243.25M | -2.3% | ||
| 2001 | $248.98M | +5.0% | ||
| 2000 | $237.12M | +8.0% | ||
| 1999 | $219.50M | +25.1% | ||
| 1998 | $175.40M | +37.4% | ||
| 1997 | $127.70M | +55.0% | ||
| 1996 | $82.40M | +5.8% | ||
| 1995 | $77.90M | -16.9% | ||
| 1994 | $93.70M | +259.0% | ||
| 1993 | $26.10M | -1.5% | ||
| 1992 | $26.50M | -11.1% | ||
| 1991 | $29.80M | +35.5% | ||
| 1990 | $22.00M | -27.2% | ||
| 1989 | $30.20M | — |
Free Cash Flow 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) free cash flow is $1.48B – grew 17.2% year-over-year.
T. Rowe Price free cash flow compound annual growth for the 2020–2025 (5 years) window is -2.8%, sustaining 2 straight years of year-over-year growth.
Between 2021 and 2025, T. Rowe Price free cash flow plunged 54.0%, falling from $3.21B to $1.48B.
$3.21B stands as the all-time-high annual free cash flow, posted in 2021, against a low of $22.00M during 1990.
Within Financial Services, T. Rowe Price (TROW) ranks 7th among 8 peers we track. The peer median for free cash flow is $19.24B.
T. Rowe Price Free Cash Flow by Year
T. Rowe Price Free Cash Flow 2025: $1.48B
T. Rowe Price free cash flow in 2025 was $1.48B, grew 17.2% from 2024.
T. Rowe Price Free Cash Flow 2024: $1.26B
T. Rowe Price free cash flow in 2024 was $1.26B, surged 38.5% from 2023.
T. Rowe Price Free Cash Flow 2023: $911.20M
T. Rowe Price free cash flow in 2023 was $911.20M, plunged 57.1% below 2022.
T. Rowe Price Free Cash Flow 2022: $2.12B
T. Rowe Price free cash flow in 2022 was $2.12B, plunged 34.0% below 2021.
T. Rowe Price Free Cash Flow 2021: $3.21B
T. Rowe Price free cash flow in 2021 was $3.21B.
See more financial history for T. Rowe Price (TROW).
Sector peers — Free Cash Flow
Companies in the same sector as T. Rowe Price, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $100.87B | Financial Services |
| Morgan Stanley (MS) | $46.10B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $25.04B | Financial Services |
| Visa Inc. (V) | $21.58B | Financial Services |
| Mastercard Incorporated (MA) | $16.91B | Financial Services |
| Bank of America Corporation (BAC) | $12.61B | Financial Services |
| Wells Fargo & Company (WFC) | -$19.00B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | -$47.22B | Financial Services |
Frequently asked questions
What is T. Rowe Price's free cash flow?
Latest reported free cash flow for T. Rowe Price (TROW) is $2.11B (period ending December 31, 2025).
How has T. Rowe Price free cash flow changed year-over-year?
T. Rowe Price (TROW) free cash flow changed +17.2% year-over-year on the latest annual filing.
What is the long-term growth rate of T. Rowe Price free cash flow?
T. Rowe Price (TROW) free cash flow compound annual growth rate is -2.8% over the most recent 5 years available.
When did T. Rowe Price free cash flow hit its highest annual value?
T. Rowe Price free cash flow reached its highest annual value of $3.21B in 2021.
What was T. Rowe Price free cash flow in 2024?
T. Rowe Price (TROW) free cash flow in 2024 was $1.26B.
What was T. Rowe Price free cash flow in 2025?
T. Rowe Price (TROW) free cash flow in 2025 was $1.48B.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
Explore more
TROW Overview
Company profile, financial tools, and key metrics
TROW Revenue Counter
Earns $231.95 every second. See per minute, hour, and day.
TROW Earnings Counter
Earns $66.18 per second net profit. See per minute, hour, and day.
TROW Economic Scale
Exceeds Maldives's GDP. Compare with world economies.
TROW What If Invested
What if you had invested $1,000? See historical returns from any date.
TROW How It Makes Money
Discover visual breakdown of $7.31B in revenue — where it comes from and where it goes.
TROW Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
TROW Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
TROW Daily Price Character
Balanced · 47.8% historical win rate (green days). Streaks & record days.
TROW Buybacks
2.84% TTM buyback yield. Shareholder yield & SBC comparison.
TROW Stock Split History
5 splits on record. Dates, ratios, and cumulative multiple.
TROW Dividend Profile
Yield: 5.09%. Safety: 4/8. See full history.
TROW Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
TROW Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.