Gross Profit for T. Rowe Price (TROW)
According to T. Rowe Price's latest reported financial statements, the company's current gross profit (TTM) is $4.58B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
TROW
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$4.58B
YoY change
+24.4%
5Y CAGR
+5.0%
Peak year (2021)
$4.68B
Cumulative gross profit
$66.82B
Gross Profit history chart for T. Rowe Price (TROW) from 1985 to 2025
Gross Profit history table for T. Rowe Price (TROW) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $4.58B | +24.4% | ||
| 2024 | $3.68B | +14.9% | ||
| 2023 | $3.21B | -10.1% | ||
| 2022 | $3.57B | -23.8% | ||
| 2021 | $4.68B | +30.3% | ||
| 2020 | $3.59B | +11.1% | ||
| 2019 | $3.23B | +3.4% | ||
| 2018 | $3.13B | +12.4% | ||
| 2017 | $2.78B | +15.0% | ||
| 2016 | $2.42B | -7.2% | ||
| 2015 | $2.61B | +3.9% | ||
| 2014 | $2.51B | +13.5% | ||
| 2013 | $2.21B | +17.6% | ||
| 2012 | $1.88B | +9.7% | ||
| 2011 | $1.71B | +17.1% | ||
| 2010 | $1.46B | -17.1% | ||
| 2009 | $1.76B | -12.4% | ||
| 2008 | $2.01B | -5.7% | ||
| 2007 | $2.14B | +31.5% | ||
| 2006 | $1.63B | +21.5% | ||
| 2005 | $1.34B | +19.0% | ||
| 2004 | $1.12B | +31.4% | ||
| 2003 | $855.58M | -7.4% | ||
| 2002 | $924.00M | -7.1% | ||
| 2001 | $995.00M | -13.8% | ||
| 2000 | $1.15B | +11.3% | ||
| 1999 | $1.04B | +17.0% | ||
| 1998 | $886.14M | +17.4% | ||
| 1997 | $755.00M | +28.8% | ||
| 1996 | $586.10M | +33.4% | ||
| 1995 | $439.30M | +14.9% | ||
| 1994 | $382.40M | +23.4% | ||
| 1993 | $310.00M | +26.5% | ||
| 1992 | $245.10M | +19.4% | ||
| 1991 | $205.20M | +20.7% | ||
| 1990 | $170.00M | +6.6% | ||
| 1989 | $159.50M | +12.2% | ||
| 1988 | $142.20M | +7.4% | ||
| 1987 | $132.40M | +19.2% | ||
| 1986 | $111.10M | +30.4% | ||
| 1985 | $85.20M | — |
Gross Profit values are taken from T. Rowe Price's reported income 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
2025's annual gross profit for T. Rowe Price (TROW) came in at $4.58B – grew 24.4% year-over-year.
T. Rowe Price gross profit has grown for 2 consecutive years, with a +5.0% compound annual growth rate over 2020–2025 (5 years).
Between 2021 and 2025, T. Rowe Price gross profit edged down 2.0%, falling from $4.68B to $4.58B.
The dataset's maximum gross profit sits at $4.68B (2021); the minimum reading of $85.20M dates to 1985.
Within Financial Services, T. Rowe Price (TROW) ranks 9th among 8 peers we track. The peer median for gross profit is $72.83B.
T. Rowe Price Gross Profit by Year
T. Rowe Price Gross Profit 2025: $4.58B
T. Rowe Price gross profit in 2025 was $4.58B, grew 24.4% from 2024.
T. Rowe Price Gross Profit 2024: $3.68B
T. Rowe Price gross profit in 2024 was $3.68B, grew 14.9% from 2023.
T. Rowe Price Gross Profit 2023: $3.21B
T. Rowe Price gross profit in 2023 was $3.21B, declined 10.1% below 2022.
T. Rowe Price Gross Profit 2022: $3.57B
T. Rowe Price gross profit in 2022 was $3.57B, declined 23.8% below 2021.
T. Rowe Price Gross Profit 2021: $4.68B
T. Rowe Price gross profit in 2021 was $4.68B.
See more financial history for T. Rowe Price (TROW).
Sector peers — Gross Profit
Companies in the same sector as T. Rowe Price, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is T. Rowe Price's gross profit?
- Latest reported gross profit for T. Rowe Price (TROW) is $4.58B (period ending December 31, 2025).
How has T. Rowe Price gross profit changed year-over-year?
- T. Rowe Price (TROW) gross profit changed +24.4% year-over-year on the latest annual filing.
What is the long-term growth rate of T. Rowe Price gross profit?
- T. Rowe Price (TROW) gross profit compound annual growth rate is +5.0% over the most recent 5 years available.
When did T. Rowe Price gross profit hit its highest annual value?
- T. Rowe Price gross profit reached its highest annual value of $4.68B in 2021.
What was T. Rowe Price gross profit in 2024?
- T. Rowe Price (TROW) gross profit in 2024 was $3.68B.
What was T. Rowe Price gross profit in 2025?
- T. Rowe Price (TROW) gross profit in 2025 was $4.58B.
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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