Operating Income for T. Rowe Price (TROW)
According to T. Rowe Price's latest reported financial statements, the company's current operating income (TTM) is $2.19B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
TROW
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$2.19B
YoY change
-6.2%
5Y CAGR
-4.4%
Peak year (2021)
$3.71B
Cumulative operating income
$44.70B
Operating Income history chart for T. Rowe Price (TROW) from 1985 to 2025
Operating Income history table for T. Rowe Price (TROW) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $2.19B | -6.2% | ||
| 2024 | $2.33B | +17.5% | ||
| 2023 | $1.99B | -16.3% | ||
| 2022 | $2.37B | -36.0% | ||
| 2021 | $3.71B | +35.1% | ||
| 2020 | $2.75B | +15.0% | ||
| 2019 | $2.39B | +1.1% | ||
| 2018 | $2.36B | +12.0% | ||
| 2017 | $2.11B | +21.7% | ||
| 2016 | $1.73B | -8.7% | ||
| 2015 | $1.90B | +0.4% | ||
| 2014 | $1.89B | +15.5% | ||
| 2013 | $1.64B | +20.0% | ||
| 2012 | $1.36B | +11.2% | ||
| 2011 | $1.23B | +18.4% | ||
| 2010 | $1.04B | +47.7% | ||
| 2009 | $701.60M | -17.3% | ||
| 2008 | $848.50M | -14.8% | ||
| 2007 | $996.40M | +26.6% | ||
| 2006 | $786.90M | +20.1% | ||
| 2005 | $655.00M | +24.7% | ||
| 2004 | $525.28M | +43.9% | ||
| 2003 | $365.00M | +13.7% | ||
| 2002 | $321.00M | +3.2% | ||
| 2001 | $311.00M | -24.0% | ||
| 2000 | $409.00M | -1.4% | ||
| 1999 | $414.94M | +32.6% | ||
| 1998 | $312.81M | -66.2% | ||
| 1997 | $924.50M | +23.8% | ||
| 1996 | $747.00M | +34.2% | ||
| 1995 | $556.70M | +15.3% | ||
| 1994 | $483.00M | +9.4% | ||
| 1993 | $441.30M | +23.9% | ||
| 1992 | $356.20M | +23.9% | ||
| 1991 | $287.60M | +17.8% | ||
| 1990 | $244.20M | +10.9% | ||
| 1989 | $220.20M | -7.9% | ||
| 1988 | $239.00M | +5.4% | ||
| 1987 | $226.80M | +18.5% | ||
| 1986 | $191.40M | +25.3% | ||
| 1985 | $152.80M | — |
Operating Income 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
The 2025 reading of T. Rowe Price (TROW) operating income is $2.19B – declined 6.2% year-over-year.
Across 2020–2025 (5 years), T. Rowe Price operating income produced a CAGR of -4.4% – with a net decline across the window.
Between 2021 and 2025, T. Rowe Price operating income plunged 41.0%, falling from $3.71B to $2.19B.
The dataset's maximum operating income sits at $3.71B (2021); the minimum reading of $152.80M dates to 1985.
T. Rowe Price (TROW) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $24.60B.
T. Rowe Price Operating Income by Year
T. Rowe Price Operating Income 2025: $2.19B
T. Rowe Price operating income in 2025 was $2.19B, declined 6.2% below 2024.
T. Rowe Price Operating Income 2024: $2.33B
T. Rowe Price operating income in 2024 was $2.33B, grew 17.5% from 2023.
T. Rowe Price Operating Income 2023: $1.99B
T. Rowe Price operating income in 2023 was $1.99B, declined 16.3% below 2022.
T. Rowe Price Operating Income 2022: $2.37B
T. Rowe Price operating income in 2022 was $2.37B, plunged 36.0% below 2021.
T. Rowe Price Operating Income 2021: $3.71B
T. Rowe Price operating income in 2021 was $3.71B.
See more financial history for T. Rowe Price (TROW).
Sector peers — Operating Income
Companies in the same sector as T. Rowe Price, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is T. Rowe Price's operating income?
- Latest reported operating income for T. Rowe Price (TROW) is $2.19B (period ending December 31, 2025).
How has T. Rowe Price operating income changed year-over-year?
- T. Rowe Price (TROW) operating income changed -6.2% year-over-year on the latest annual filing.
What is the long-term growth rate of T. Rowe Price operating income?
- T. Rowe Price (TROW) operating income compound annual growth rate is -4.4% over the most recent 5 years available.
When did T. Rowe Price operating income hit its highest annual value?
- T. Rowe Price operating income reached its highest annual value of $3.71B in 2021.
What was T. Rowe Price operating income in 2024?
- T. Rowe Price (TROW) operating income in 2024 was $2.33B.
What was T. Rowe Price operating income in 2025?
- T. Rowe Price (TROW) operating income in 2025 was $2.19B.
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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