TTM
28.3%
YoY change
−1.07pp
Trough year (1985)
10.0%
Peak year (2021)
40.2%
Latest annual
28.5%
Net Profit Margin history chart for T. Rowe Price (TROW) from 1985 to 2025
Latest: 28.5%
Net Profit Margin change chart for T. Rowe Price (TROW) from 1985 to 2025
Latest: −1.07pp
Net Profit Margin history table for T. Rowe Price (TROW) from 1985 to 2025
| 2025 | 28.5% | -1.07pp | ||
| 2024 | 29.6% | +1.92pp | ||
| 2023 | 27.7% | +3.68pp | ||
| 2022 | 24.0% | -16.17pp | ||
| 2021 | 40.2% | +1.96pp | ||
| 2020 | 38.2% | +0.29pp | ||
| 2019 | 37.9% | +3.74pp | ||
| 2018 | 34.2% | +3.35pp | ||
| 2017 | 30.9% | +2.50pp | ||
| 2016 | 28.4% | -0.76pp | ||
| 2015 | 29.1% | -1.76pp | ||
| 2014 | 30.9% | +0.81pp | ||
| 2013 | 30.1% | +0.84pp | ||
| 2012 | 29.2% | +1.20pp | ||
| 2011 | 28.0% | -0.36pp | ||
| 2010 | 28.4% | +5.18pp | ||
| 2009 | 23.2% | +0.03pp | ||
| 2008 | 23.2% | -6.90pp | ||
| 2007 | 30.1% | +0.92pp | ||
| 2006 | 29.2% | +0.68pp | ||
| 2005 | 28.5% | +2.09pp | ||
| 2004 | 26.4% | +3.68pp | ||
| 2003 | 22.7% | +1.73pp | ||
| 2002 | 21.0% | +1.30pp | ||
| 2001 | 19.7% | -3.61pp | ||
| 2000 | 23.3% | +0.21pp | ||
| 1999 | 23.1% | +3.45pp | ||
| 1998 | 19.7% | +0.53pp | ||
| 1997 | 19.1% | +2.32pp | ||
| 1996 | 16.8% | -0.38pp | ||
| 1995 | 17.2% | +1.18pp | ||
| 1994 | 16.0% | +0.33pp | ||
| 1993 | 15.7% | +1.07pp | ||
| 1992 | 14.6% | -0.21pp | ||
| 1991 | 14.8% | +2.52pp | ||
| 1990 | 12.3% | -6.33pp | ||
| 1989 | 18.6% | -0.09pp | ||
| 1988 | 18.7% | +3.68pp | ||
| 1987 | 15.0% | +1.71pp | ||
| 1986 | 13.3% | +3.34pp | ||
| 1985 | 10.0% | — |
- 202528.5%-1.07pp
- 202429.6%+1.92pp
- 202327.7%+3.68pp
- 202224.0%-16.17pp
- 202140.2%+1.96pp
- 202038.2%+0.29pp
- 201937.9%+3.74pp
- 201834.2%+3.35pp
- 201730.9%+2.50pp
- 201628.4%-0.76pp
- 201529.1%-1.76pp
- 201430.9%+0.81pp
- 201330.1%+0.84pp
- 201229.2%+1.20pp
- 201128.0%-0.36pp
- 201028.4%+5.18pp
- 200923.2%+0.03pp
- 200823.2%-6.90pp
- 200730.1%+0.92pp
- 200629.2%+0.68pp
- 200528.5%+2.09pp
- 200426.4%+3.68pp
- 200322.7%+1.73pp
- 200221.0%+1.30pp
- 200119.7%-3.61pp
- 200023.3%+0.21pp
- 199923.1%+3.45pp
- 199819.7%+0.53pp
- 199719.1%+2.32pp
- 199616.8%-0.38pp
- 199517.2%+1.18pp
- 199416.0%+0.33pp
- 199315.7%+1.07pp
- 199214.6%-0.21pp
- 199114.8%+2.52pp
- 199012.3%-6.33pp
- 198918.6%-0.09pp
- 198818.7%+3.68pp
- 198715.0%+1.71pp
- 198613.3%+3.34pp
- 198510.0%—
Net Profit Margin values are taken from T. Rowe Price's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Net Profit Margin at T. Rowe Price (TROW)
According to T. Rowe Price's latest reported financial statements, the company's latest reported net margin is 28.3%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, T. Rowe Price (TROW) net margin totalled 28.53% – contracted 1.1 percentage points year-over-year.
40.18% stands as the all-time-high annual net margin, posted in 2021, against a low of 9.98% during 1985.
T. Rowe Price Net Profit Margin by Year
T. Rowe Price Net Profit Margin 2025: 28.5%
In 2025, T. Rowe Price reported net margin of 28.53%, contracted 1.1 percentage points from 2024.
T. Rowe Price Net Profit Margin 2024: 29.6%
T. Rowe Price net margin in 2024 was 29.61%, expanded 1.9 percentage points from 2023.
T. Rowe Price Net Profit Margin 2023: 27.7%
2023's net margin for T. Rowe Price came in at 27.69%, expanded 3.7 percentage points from 2022.
T. Rowe Price Net Profit Margin 2022: 24.0%
T. Rowe Price posted net margin of 24.01% in 2022, contracted 16.2 percentage points from 2021.
T. Rowe Price Net Profit Margin 2021: 40.2%
T. Rowe Price net margin in 2021 was 40.18%.
See more financial history for T. Rowe Price (TROW).
Sector peers by Net Profit Margin
Financial Services peers of T. Rowe Price (TROW), ranked by their latest net margin
| 51.7% | |
| 45.9% | |
| 20.7% | |
| 19.3% | |
| 18.1% | |
| 17.3% | |
| 16.3% | |
| 15.1% |
- 51.7%
- 45.9%
- 20.7%
- 17.3%
- 16.3%
- 15.1%
Frequently asked questions
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