Price T Rowe (TROW) Operating Expenses (2009 - 2026)
Price T Rowe (TROW) reported Operating Expenses of $1.2 billion for Q1 2026, up 0.76% on a YoY basis from $1.2 billion in Q1 2025, and down 19.59% quarter-over-quarter from $1.5 billion in Q4 2025.
Price T Rowe (TROW) Operating Expenses (2009 - 2026) Analysis & Trends
Price T Rowe has reported Operating Expenses for 18 years, with the latest figure at $1.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 0.76% year-over-year to $1.2 billion; the trailing twelve-month figure through Mar 2026 stood at $5.1 billion (up 7.78% YoY), and the FY2025 full-year result was $5.1 billion, up 7.68% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.2 billion, down from $1.5 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.5 billion in Q4 2025, with the low at $844.4 million in Q2 2022.
- Historically, Operating Expenses has averaged $1.2 billion across 5 years, with a median of $1.2 billion in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses declined 13.06% — and 2023, when it gained 27.51%.
- Price T Rowe's Operating Expenses stood at $1.3 billion in 2022, then declined by 1.28% to $1.3 billion in 2023, then climbed by 0.1% to $1.3 billion in 2024, then advanced by 16.48% to $1.5 billion in 2025, then slipped by 19.59% to $1.2 billion in 2026.
- The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | 2.26 Bn |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 1.51 Bn |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | 1.17 Bn |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | 3.12 Bn |
| 10 | Price T Rowe | 23.84 Bn | 20.27 Bn | - | 1.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 1.46 Bn |
| Sep 30, 2025 | 1.25 Bn |
| Jun 30, 2025 | 1.25 Bn |
| Mar 31, 2025 | 1.17 Bn |
| Dec 31, 2024 | 1.26 Bn |
| Sep 30, 2024 | 1.17 Bn |
| Jun 30, 2024 | 1.17 Bn |
| Mar 31, 2024 | 1.16 Bn |
| Dec 31, 2023 | 1.25 Bn |
| Sep 30, 2023 | 1.09 Bn |
| Jun 30, 2023 | 1.08 Bn |
| Mar 31, 2023 | 1.05 Bn |
| Dec 31, 2022 | 1.27 Bn |
| Sep 30, 2022 | 1.01 Bn |
| Jun 30, 2022 | 844.40 Mn |
| Mar 31, 2022 | 985.60 Mn |
| Dec 31, 2021 | 1.10 Bn |
| Sep 30, 2021 | 957.90 Mn |
| Jun 30, 2021 | 971.20 Mn |