Price T Rowe (TROW) Operating Expenses (2009 - 2026)
Price T Rowe (TROW) posted quarterly Operating Expenses of $1.4 billion for Q2 2026, up 9.79% year-over-year from $1.2 billion in Q2 2025, and up 16.18% on a QoQ basis from $1.2 billion in Q1 2026.
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 $1.4 billion in Q2 2026.
- Operating Expenses for Q2 2026 came in at $1.4 billion, up 9.79% year-over-year; the trailing twelve-month figure through Jun 2026 was $5.3 billion (up 8.6% YoY), and the FY2025 annual result was $5.1 billion, up 7.68% from the prior year.
- Operating Expenses climbed to $1.4 billion in Q2 2026, from $1.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.5 billion in Q4 2025 and troughed at $844.4 million in Q2 2022.
- A 5-year average of $1.2 billion and a median of $1.2 billion in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses decreased 13.06%; it then grew 27.51% in 2023.
- A 5-year view of Operating Expenses shows it 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 decreased by 6.58% to $1.4 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.4 billion in Q2 2026, $1.2 billion in Q1 2026, and $1.5 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 4.62 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 2.38 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 3.18 Bn |
| 10 | Price T Rowe | 23.84 Bn | 19.34 Bn | - | 1.37 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.37 Bn |
| 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 |