TTM
30.2%
YoY change
−2.97pp
Trough year (2025)
29.9%
Peak year (1985)
179.3%
Latest annual
29.9%
Operating Margin history chart for T. Rowe Price (TROW) from 1985 to 2025
Latest: 29.9%
Operating Margin change chart for T. Rowe Price (TROW) from 1985 to 2025
Latest: −2.97pp
Operating Margin history table for T. Rowe Price (TROW) from 1985 to 2025
| 2025 | 29.9% | -2.97pp | ||
| 2024 | 32.9% | +2.15pp | ||
| 2023 | 30.7% | -5.84pp | ||
| 2022 | 36.6% | -11.77pp | ||
| 2021 | 48.4% | +4.12pp | ||
| 2020 | 44.2% | +1.75pp | ||
| 2019 | 42.5% | -1.46pp | ||
| 2018 | 44.0% | +0.52pp | ||
| 2017 | 43.4% | +2.98pp | ||
| 2016 | 40.5% | -4.75pp | ||
| 2015 | 45.2% | -2.28pp | ||
| 2014 | 47.5% | +0.49pp | ||
| 2013 | 47.0% | +1.86pp | ||
| 2012 | 45.1% | +0.65pp | ||
| 2011 | 44.5% | +0.70pp | ||
| 2010 | 43.8% | +6.21pp | ||
| 2009 | 37.6% | -2.52pp | ||
| 2008 | 40.1% | -4.62pp | ||
| 2007 | 44.7% | +1.36pp | ||
| 2006 | 43.4% | +0.04pp | ||
| 2005 | 43.3% | +2.18pp | ||
| 2004 | 41.1% | +4.59pp | ||
| 2003 | 36.5% | +1.80pp | ||
| 2002 | 34.7% | +3.48pp | ||
| 2001 | 31.3% | -4.19pp | ||
| 2000 | 35.4% | -4.60pp | ||
| 1999 | 40.0% | +4.74pp | ||
| 1998 | 35.3% | -87.15pp | ||
| 1997 | 122.5% | -5.00pp | ||
| 1996 | 127.5% | +0.73pp | ||
| 1995 | 126.7% | +0.42pp | ||
| 1994 | 126.3% | -16.05pp | ||
| 1993 | 142.4% | -2.97pp | ||
| 1992 | 145.3% | +5.17pp | ||
| 1991 | 140.2% | -3.49pp | ||
| 1990 | 143.6% | +5.59pp | ||
| 1989 | 138.1% | -30.02pp | ||
| 1988 | 168.1% | -3.23pp | ||
| 1987 | 171.3% | -0.98pp | ||
| 1986 | 172.3% | -7.07pp | ||
| 1985 | 179.3% | — |
- 202529.9%-2.97pp
- 202432.9%+2.15pp
- 202330.7%-5.84pp
- 202236.6%-11.77pp
- 202148.4%+4.12pp
- 202044.2%+1.75pp
- 201942.5%-1.46pp
- 201844.0%+0.52pp
- 201743.4%+2.98pp
- 201640.5%-4.75pp
- 201545.2%-2.28pp
- 201447.5%+0.49pp
- 201347.0%+1.86pp
- 201245.1%+0.65pp
- 201144.5%+0.70pp
- 201043.8%+6.21pp
- 200937.6%-2.52pp
- 200840.1%-4.62pp
- 200744.7%+1.36pp
- 200643.4%+0.04pp
- 200543.3%+2.18pp
- 200441.1%+4.59pp
- 200336.5%+1.80pp
- 200234.7%+3.48pp
- 200131.3%-4.19pp
- 200035.4%-4.60pp
- 199940.0%+4.74pp
- 199835.3%-87.15pp
- 1997122.5%-5.00pp
- 1996127.5%+0.73pp
- 1995126.7%+0.42pp
- 1994126.3%-16.05pp
- 1993142.4%-2.97pp
- 1992145.3%+5.17pp
- 1991140.2%-3.49pp
- 1990143.6%+5.59pp
- 1989138.1%-30.02pp
- 1988168.1%-3.23pp
- 1987171.3%-0.98pp
- 1986172.3%-7.07pp
- 1985179.3%—
Operating 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 Operating Margin at T. Rowe Price (TROW)
According to T. Rowe Price's latest reported financial statements, the company's latest reported operating margin is 30.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
T. Rowe Price (TROW) most recent annual operating margin stands at 29.92% (2025) – contracted 3.0 percentage points year-over-year.
179.34% stands as the all-time-high annual operating margin, posted in 1985, against a low of 29.92% during 2025.
T. Rowe Price Operating Margin by Year
T. Rowe Price Operating Margin 2025: 29.9%
In 2025, T. Rowe Price reported operating margin of 29.92%, contracted 3.0 percentage points from 2024. This figure represents the lowest annual value in the available history.
T. Rowe Price Operating Margin 2024: 32.9%
T. Rowe Price operating margin in 2024 was 32.89%, expanded 2.1 percentage points from 2023.
T. Rowe Price Operating Margin 2023: 30.7%
2023's operating margin for T. Rowe Price came in at 30.74%, contracted 5.8 percentage points from 2022.
T. Rowe Price Operating Margin 2022: 36.6%
T. Rowe Price posted operating margin of 36.58% in 2022, contracted 11.8 percentage points from 2021.
T. Rowe Price Operating Margin 2021: 48.4%
T. Rowe Price operating margin in 2021 was 48.36%.
See more financial history for T. Rowe Price (TROW).
Sector peers by Operating Margin
Financial Services peers of T. Rowe Price (TROW), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
Frequently asked questions
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